Volatility abounds as the year of the rabbit brings unforeseen moves. The banking crisis has caused a strong sell-off in energy markets testing support. There are so many events unfolding: the war in Ukraine, the energy crisis, rising interest rates, the collapse of the European economy, and numerous political allegations from Trump to Biden. Bank losses from long duration … [Read more...] about 2023 Bank Run – The Chase Begins
Summary
2023 Year of the Rabbit – The Pause before the Chase
Battle Rages between Recession Fears and Supply Side Shortage
2022 Roar of the Tiger Battle rages between Recession Fears and Supply Side Shortages $200 Oil on Track WTI remains bullish long-term supported by strong fundamentalsWTI on track for $200 next year, Potential to retest $85 support Temporary Weakness Caused byIEA members release strategic reserves providing 1mbdpResurgence of Covid lockdowns in … [Read more...] about Battle Rages between Recession Fears and Supply Side Shortage
