“All I said was crude oil!”
Oil shows little inclination to do anything today, being unable to follow
stocks higher on their manipulation gallop … just too much resistance to pop
that 63.50 level and move with force … hey, it’s Friday, who wants to go out
on a limb for the weekend?
And there you have it, cuz we’re now stuck in mud at the upper end of this
band of 61-ish - 63.50-ish … world demand concerns, no doubt, weighing on
crude due to the collapse of the China trade deal and global growth. Only
stocks seem not to give a shit … oil? … it’s a different gig mi amigos.
Have a great weekend everybody!
-vegas
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