In the last report, we notice 1MB Build while the expected 5MB drop, yes we also expected build as we posted few posts ago, but it is really big but and let's talk about it!
The oil industry should not be that strong right now, its right now even more than pre-pandemic and there is too much of it and we just store it, but what is really going on? even as we store and the storage almost full it's still going up even more than 63$, we notice somebody or a lot of strong people is behind this, yes a lot of big investment companies, a lot of politicians is invested in this stocks.
Another key finding is the change of feel from President Biden who told a statement "oil is not our enemy" so who really change his mind? of course there is always someone strong and as we think also bed behind it, there are no such things as the hand of the market or free market there is almost always "The Man" right now we don't know who it is but Maybe the oracle from Omaha knows so he got into CVX? who told him, in the pick of oil? when we almost sure that the Saudis and OPEC+ will stop the cuts?
Guys get out from these stocks, yes you can get some candies with this secret man but he may sell at once all and you will remember Feb-Mar 2020.
We won 4 times our money in Oil but we are not here to gamble and yes it's still risky to be aware, and not just we will tell you few DDOS attacks was against our blog but let THE MAN continue the fight against those like we who loves free market! - WE STILL BELIEVE OIL FALL BUT WE NOT YET KNOW DUE to THE FACT OF THE MAN BEHIND THE PRICE.