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Thursday, March 7, 2019

OIL VIX GETTING WALLOPED

No pic today, cuz apparently Google blogspot didn’t feed the Gerbils running 
their servers … amazing, just like Turnkey Forex ... completely clueless.

There’s “Boom” & there’s “Bust” … welcome to the “Bust” of the oil complex 
volatility … two days in a row of daily range under $1, and unless tomorrow is 
gangbusters in terms of range, the 20 Day Range MA for WTI Crude Oil for 
the week is gonna tumble some more come Sunday … and quite frankly, the 
way NADEX is set up, it’s very difficult to make money using their products 
unless there is decent volatility … ignore this, and you will lose money.

Sure, everybody is cutting production, but demand is falling as economy after 
big economy goes into the shithouse … today, Super Mario confirms Europe’s 
worst fears, as “unexpectedly” the Eurozone heads south and inflation goes  
“buh bye”, and EURUSD tumbles through multi month support … when is it 
the U.S. turn to tumble?

I’m somewhat surprised oil hasn’t dropped some … but it really hasn’t, other 
than a few dozen cents here and there … but, how can you expect a rising oil 
price with the world economy heading into a depression? … so, right now oil 
is a tad confused as to which way the next major move is gonna head towards, 
and traders are loath to gamble first and then find out they’re wrong.

So, onto tomorrow, and we’ll see what happens … Onward & Upward!!

Have a great day everybody!

-vegas
 
OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY 
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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