Fear and greed are normally considered opposite emotions in the trading business.
Is it possible that fear and greed are both driving crude oil in the same direction?
The greed factor is easy enough to recognize, price is going up, buy buy buy.
The fear factor is normally looking to lock in gains, don't let this profit get away, sell sell sell.
What if the fear factor is also buying crude oil.
Imagine your country running out of oil; now imagine you're the leader of that country running out of oil. The drive to secure supply is becoming a major fear from countries like China and the USA.
You can't remove carbon from this economy without this economy collapsing; collapsing to a level we have never seen.
That is why wars have been, are currently, and most likely will be fought again over crude oil supply.
That may be the fear that is rowing right beside greed in this oil market.
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