Please see the chronological order of the oil trade game plan write-ups:
Here’s My Game Plan For The Oil Trade (August 25)
Here’s My Game Plan For The Oil Trade (Sept 1)
Here’s My Game Plan For The Oil Trade (Sept 8)
Here’s My Game Plan For The Oil Trade (Sept 23)
The final TACO is complete. The Department of Energy today announced it will release the remaining 40 million bbls from the SPR for November and December delivery.
As I wrote in my previous game plan articles, the timeline to push oil prices lower was the end of September into early October. In addition to the SPR release, the Trump team has attempted 3 consecutive VaR shock strategies at precisely 11:45 AM EST. While crude oil did move lower today, I think it is temporary, and I will explain why.
In essence, everything we planned is playing out, and the technical reset is almost complete.