This thought has been bouncing around my mind for a few days. If the Saudis cause too much turmoil in the oil world it wouldn't surprise me if the get attacked for their actions. Whether by Iran, or Russia, most probably by a proxy. But the end result would be the same. The U.S. would be reluctant to get involved. We don't need them anymore.
One refinery explosion or one terrorist attack in the Kingdom.....
From a technical perspective charts that go down this fast usually don't just stop and go sideways.....
The market gets wound too tight.
Playing with Fire