“Oil volatility that is!”
Well, there’s no doubt that with the crap NFP jobs report that came last Friday,
the U.S. Dollar is no longer a one way bet … and that should mean some much
needed higher 20 Day Range MA’s come Sunday, in the 3 FX pairs I follow
… EURJPY not really out of the woods yet, but anything Cable [GBPUSD]
looks set to move and move quickly somewhere over the course of the day.
Problem this last week, though, is the structure of NADEX, which sees call
spreads expire each day at 3 PM EST … with “Brexit” shit taking place on or
around 19:00 GMT [Noon EST], that doesn’t give us any time to make hay
while the sun shines … given the news, “Brexit” ain’t going anywhere, and we
have at least another 2 months of bullshit to deal with daily … that should
keep Cable elevated range wise, and my hope is the premiums won’t be
“stupid” cuz of the recent increase in FX VIX … we’ll see.
Oil on the other hand, has been taken out back and shot … VIX here is
dropping fast … too many days in a row of mega sub par ranges, where quite
a few are under $1 a barrel or “Hoover Dam” close … and since premiums
on call spreads are priced ridiculous to begin with, it makes it almost
impossible to make money in this complex. Until the WTI Crude Oil 20 Day
Range MA starts to rise, I’m leaving oil alone.
Looking for some kind of Cable trade this evening on the open for signals
subscribers … I think given the latest ranges, we got a shot to get a trade
… again, we’ll see. Onto tomorrow mi amigos … Onward & Upward!!
-vegas
WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES
IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX,
& STOCK INDICES! … “what on earth are you waiting for”?
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