This is fine. Everything is fine.

Oil just passed through the ichimoku cloud and is showing a pennant continuation pattern. If we weren't in a global usage decline that started before the pandemic I'd say there are plenty of reasons to wait and see, but this makes it look like we're all wearing the blue dress.

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Amazing how almost literally pennant continuation I buy into that's supposed to be bullish has turned bearish and vice versa. Don't expect the markets to do anything that makes any sense anymore. Demand is in the drink and still it goes up.

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This shit doesn't make a damn bit of sense