Thread by @RaoulGMI: Interesting juncture for #oil again...if it breaks the trend, could head back to $50. 1/ Large speculator long positions 2nd largest

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