Source item
Open original source ↗On @cnbcAsiaTV this morning, @CommodMkt said, "Sell The Tweet, Buy The Molcule." Currie detailed that Trump tweeted five times that the war was effectively over, but it has not happened.
The chart shows my guess of the five times. Currie is correct. If you bought the crude oil collapse every time Trump said the war is over, you made $58, even though the price is only up $27 since the war started. Not a bad trading strategy!
We are currently on the 6th tweet saying that the war is over; it is still a work in progress.
Is this the next great crude oil buying opportunity?
Quoted context
These are the quoted author’s words.
Five "deal" announcements, zero closed (yet). That's a trend. Sell the tweet, buy the molecule. Iran's leverage increases with every day that passes and inventories decline, while it decreases for the West. Thank you to @SquawkCNBC Asia for having me on this morning. Attached is the clip: 50 years of efficiency made oil cheaper per unit of GDP but more irreplaceable in function -- it is the rare earth of the macro system. https://t.co/z7gKF3NABH
CommodMkt ↗