OIL - needs to cool off!
Oil surprised and went orbital on the 1H time frame. RSI went into a sharp peak at about 84 on mid-point prices. The unexpected pump was attributed to news that the US will stop giving sanctions waivers to countries that import Iranian crude or condensate.
This 3-day time frame is tricky. Do you go long, short, or just stay out. I'm short on a lower time frame for a limited hit (which isn't a recommendation for others).
There may be opportunities approaching should a good trend switch turn up on a 15 - 30 min time frame.
This 3-day time frame is tricky. Do you go long, short, or just stay out. I'm short on a lower time frame for a limited hit (which isn't a recommendation for others).
There may be opportunities approaching should a good trend switch turn up on a 15 - 30 min time frame.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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