Thank you. I took a starter /MCL long. In a market there are always two sides. Demand destruction is evident perhaps priced in. ? These tariffs are not sustainable and I think this is also evident. No facts at all but, I am not sure we can continue to hold this tariff policy for much longer. I know it is very speculative but, I anticipate a policy change in the near term. This is keeping me from being too long or too short. It is a headlines market.

Funny you ask since I almost added that (I wouldn’t go long) to this post. I’ll try to touch on crude in the next video I’m about to record but in a nutshell, while I often reverse (short to long or long to short) on a trade when my final target is hit, in this case, while my preference was to cover, my best guess (but convictions not strong enough to bet on) is that crude continues lower.

That is based on both my (fuzzy) read on the charts (technicals) as well as my fundamental outlook for the stock market, the economy, & crude oil (bearish… via demand destruction as the recession starts to become more apparent to the masses).