Interesting juncture for oil again... if it breaks the trend, it should head back to $50. 1/
Large speculator long positions are the 2nd largest in history....2/ 
Volatility is sanguine...3/ 
And Nat Gas seems to be leading the oil price.4/ 
And oil is the key drive of inflation expectations...5/ 
And therefore 10 year bond yields...6/ 
And also oil and gas stocks...7/ 
This is definitely worth watching to see what develops as it clearly partially drives the reflation thesis.
https://threadreaderapp.com/thread/1219585749621903361.html
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