Links to slides and sources: https://www.itmtrading.com/blog/choke...
The Oil rally that started in early 2019 is over with spot oil off more that 20% from its recent high. The markets are looking at rising US shale production, diminishing demand because of the global slowdown and a deepening trade war that would dampen demand even further.This is what that markets are looking at. Are they missing the bigger picture or is this oil bear market being used to hide the middle east threats (plural) from the public?
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to come together in community in order to survive and thrive through the hyperinflation she sees in the near future.