TMAD Commodities: Can WTI drop below $90?

$USO $GLD $SLV $URA $NB

Hello Traders,

First of all all paid members can now use our TMAD.app

How to sign up and register for usage? Go to www.tmad.app/signup and simply create and account with the email you’re using here on Substack. Must be the same email otherwise it won’t work. It runs through our accounting service and it only allows paid email addresses in.

Now let’s get to the commodities report.

Oil is stubbornly staying above $90, even with a record surge in US exports helping to keep it from hitting $100. The big news today is from the IEA, which warned that Europe only has about 6 weeks of jet fuel left.

This is a huge 'countdown' for European leaders to step in and fix the supply chain before flights start getting canceled. Ironically, the stock market is staying optimistic because traders believe this crisis is so urgent that it will force a fast resolution while mainstream media is now reporting that several European countries are coordinating a volunteer-led mission to reopen the Strait.

POSITIONING UPDATE