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Sunday, March 17, 2019

SUNDAY UPDATE: FX VIX UP, OIL VIX DOWN

“No real surprises anywhere as we start the week!”

It’s been about a year since WTI crude oil has seen its 20 Day Range MA go 
this low … a few times in 2018 it held in the mid to upper 130’s before going 
higher, and it sits today at 131 cents … from last week it dropped about 14 
cents. And while Saudi Arabia has cut production, along with oil coming off 
the market from Venezuela & Iran, lower supply is being met with lower 
global demand, especially in China … and as we see the manipulation to get 
oil higher, it sure isn’t showing the “zip” we should be seeing to compensate 
for the risk in trading it. In other words, ranges really suck, and before I go 
wading back into oil, it’s gonna have to show me ranges are expanding 
… until then, adios.

All things Cable in the FX arena are picking up … I guess the British 
government is hellbent on dragging the “Brexit” drama Queen forward by 
months, as they can’t seem to get anything done, no matter the deadline, no 
matter the perceived consequences … bottom line? … if we can get near our 
threshold trade levels, either in GBPUSD OR GBPJPY, they should be 
profitable trades on a reward / risk basis. Of course, we’ll see how that turns 
out, as NADEX is shit for dropping call spread premiums when volatility 
goes south.

Directly below this weeks charts.

click on any chart to enlarge









Onto the new week, let’s see what it brings.

Have a great rest of your weekend 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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