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A Historic Short Squeeze In Oil Has Only Begun

Posted by Maddog @ 5:02 on October 7, 2024  

https://www.zerohedge.com/markets/historic-short-squeeze-oil-has-only-begun

A lot of this is GS talking…so have the usual Mountain of Salt at hand……but the Mkt is v, v short both Oil and the Stox and both charts could explode higher……XOM has already broken out to record Hi’s

The XOP ETF has a picture perfect Inverted Head and shoulders, that if we break 150.00, tgts 280 plus…..which is a double from here…last @ 140.00

XOP

Earle

XOM

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.