Well don't forget I am still around 40% cash as I started this plunge near 90%.

It was mentioned many times around here that being in the cash bunker was far too conservative and such tactics were pointless several times, but that's how I play and it seems to be working for me now that the inevitable hyper volatility I was warning about is now showing itself clearly.

Nonetheless, I do think that oil is getting down to real resistance levels here and it seems like the potential for recent shitty demand to start reversing is also coming on. The world oil system was already not likely to exactly overwhelm with capex to start, and now it seems, we will make absolutely sure there is a supply crisis later on.

I of course could be wrong.