Crude Oil will provide the Leading Indication for a Reversal into the
3/5 for the Indices.
The DX has been wandering in the Desert @ 96.
All eyes have been on the Breakup and out to 98, it has
yet to materialize and with Rates pulling back, we will see
quite clearly where the Operators have designs on Price.
____________________________________________________________
EIA has shown Crude Draws with odd movements in RBOB / RB.
Energy has been a Pillar of the safety Trade since December
into January.
We see the potential for a reversal setting up nearer term.
Perhaps it will be the Instrument that provides leadership.
It's either down to 61 or up to 88 and then potentially 104.
Tik Tok.
3/5 for the Indices.
The DX has been wandering in the Desert @ 96.
All eyes have been on the Breakup and out to 98, it has
yet to materialize and with Rates pulling back, we will see
quite clearly where the Operators have designs on Price.
____________________________________________________________
EIA has shown Crude Draws with odd movements in RBOB / RB.
Energy has been a Pillar of the safety Trade since December
into January.
We see the potential for a reversal setting up nearer term.
Perhaps it will be the Instrument that provides leadership.
It's either down to 61 or up to 88 and then potentially 104.
Tik Tok.