Medium/Long term short oil+ dollar strength+ global growth pause
Lots of long term resistance + trump attempting to keep oil low. Dollar strengthening and global growth to cool due to debt being overextended and a trade war.
Am I a bad person for not charting on CL1! ? Yes.
Am I a bad person for not charting on CL1! ? Yes.
Comment:
expecting like 3-5% down today
Comment:
I think this mid channel could be a good resistance point to consider entering again. i think markets will rally a bit
73.56 is the absolute high if trump ups the geopolitical tension without doing anything about saudi.
I think this mid channel could be a good resistance point to consider entering again. i think markets will rally a bit
73.56 is the absolute high if trump ups the geopolitical tension without doing anything about saudi.
Comment:
Interesting how the predominate trend is double the slope of the retracements on the S&P and looks like on oil as well.
Guess that might be a new way to check for trend changes on short terms?
Interesting how the predominate trend is double the slope of the retracements on the S&P and looks like on oil as well.
Guess that might be a new way to check for trend changes on short terms?
Comment:
6 million build this week
5 million adjusted build this week
total 11 million this week.
exporting lots less.