claydoctor
Short

CL1! update after payrolls

NYMEX:CL1!   Light Crude Oil Futures
140 1 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.
I'm laughing like crazy over here, we got a lower payrolls and the stock goes UP, really? Well, I guess not for long...
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