So here is the set up.. Stocks have gone nicely positive after Iran supposedly fired on, and hit, an Israeli cargo ship.. This means that soon crude will make a large move higher soon on rising tensions in the region. Look for a big event to occur here, and people will die.
GM
Im in the Marine industry, where we use a lot of solvents and such. I was notified today that 27 of 29 refineries have been shut down in Texas due to pipes bursting from that freeze. They arel limiting our solvent usage and expecting shortages coming. Almost like a movie playing out called "The Death of The American Economy", wouldn't you say?
(my) next target to take profit with dow2 is about 32,800
>> Oil i expect lower, maybe 52 USD before it is skyrocketing. I'm with Greg to look for a big event to occur here.