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XOP USOIL down, down, down, and why...

XOP USOIL down, down, down, and why...

Do you believe price or RSI? Negative rates have created a stock price bubble. Where else but cash and the dollar do you put your money, if your job depends on finding and realizing the best rate of return. Risk on, because they have to, not because it is smart. Careful now. Greed is amazing. I trust RSI more than price right now. So charting, graphs in RSI . Feels like currencies are pushing this event, and whichever way it goes. But with negative interest rates, failing oil companies that would have otherwise defaulted, have re fi0.00%% that same debt, extended its maturity dates, and survived another day, but how many days. As the price continues down, yes where I am gas is now below 2.00 per gallon, as they continue to try to sell the glut of inventory they have, and demand slows in the fall, starting now, until cold weather hits, what catalyst will cause a rise in price? Don't see it, and as countries continue to devalue their currencies , and the dollar strengthens yet again, and again, with each tick up, oil down. IMO Price continues down, and those same companies out of desparation sell, they sell at any cost, until they do fail. This final flush, and exhaustion of that market is needed for a second bottom. If we didn't go negative rates, that bottom would have been it. But, we keep avoiding the pain to reset, until it gets (from greed) intense. I see this last gasp a quick and high volume , try to keep up with the move, drop. Best of fortunes.