claydoctor

CL1! update after payrolls

Short
NYMEX:CL1!   Light Crude Oil Futures
4
Well, strong numbers did not happen, so dollar down or mixed, oil up. But does it have legs? HS rules still. nothing changes on the daily, and charts say we still have a date with tgt 1 @ 41, tgt 2 @ 39, and maybe tgt 3 @ 35, but doubt that last number. Today it is payrolls, tomorrow it could be china or japan currencies playing with dollar strength. still short, even though it tough to stay that way after today's numbers. but... hourly wages did go up. And fears on inflation trumps everything. Just saying, they could raise in September still, even after these numbers. Because why did we not have even a larger reaction.
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