Crude Oil is extremely interesting at present.
$84 is the Level we are watching closely, not the Highs @ 85.41
as they will be important later this week.
This is a No Man's Land Trade at this Time.
_________________________________________________________
We anticipate a significant change of $10 on either side of $84.
To complicate matters is the Extension to $104 and then $112 should
CL holds the $84s for another two weeks.
There are a number of Indicators that will follow on to indicate the
potential outcomes.
The Baltic Dry Index to Crude Oil Ratio is an important one with a
prior leading Indications of Corrections and how they manifest themselves.
___________________________________________________________
Of late JOM has been out forecasting the $100 to $1125 Level this year.
Higher forecasts border on $200.
Retail is very much all in for Higher.
We hold NO Positions presently - instead of choosing to watch which way
this will Break, $74 OR $94.
Weekly Cloud Momentum Support is @ $74.
Open interest for March is biased to the Calls, with a widespread. Institutions
are not frankly engaged, as the Green Agenda is keeping them away from
"Dirty" Investments, or so it is claimed.
$ is their driving factor, regardless of Public expression(S).
$84 is the Level we are watching closely, not the Highs @ 85.41
as they will be important later this week.
This is a No Man's Land Trade at this Time.
_________________________________________________________
We anticipate a significant change of $10 on either side of $84.
To complicate matters is the Extension to $104 and then $112 should
CL holds the $84s for another two weeks.
There are a number of Indicators that will follow on to indicate the
potential outcomes.
The Baltic Dry Index to Crude Oil Ratio is an important one with a
prior leading Indications of Corrections and how they manifest themselves.
___________________________________________________________
Of late JOM has been out forecasting the $100 to $1125 Level this year.
Higher forecasts border on $200.
Retail is very much all in for Higher.
We hold NO Positions presently - instead of choosing to watch which way
this will Break, $74 OR $94.
Weekly Cloud Momentum Support is @ $74.
Open interest for March is biased to the Calls, with a widespread. Institutions
are not frankly engaged, as the Green Agenda is keeping them away from
"Dirty" Investments, or so it is claimed.
$ is their driving factor, regardless of Public expression(S).