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Oil Will Trade Flat To Down Until Biden Backs Down & China Re-Opens | Rory Johnston

Forward Guidance

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The Divergence Between Technical Analysis and Macro

Oil is a physical commodity, but typically sees price formation through financial instruments. In risk off moments like this, you're going to get really, really violent kind of pukes to the downside, which I think is exactly what we're seeing today. The actual physical world of oil where millions of barrels of oil are being created and used and ships every single day "is a world that fastsates me," he says.

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