OIL DISCOVERS THE TWILIGHT ZONE

“Welcome to oil trading, Captain Kirk!”

Oil trading … ah yes, welcome to the “Twilight Zone” … if only Rod Serling

had been around to see what this market can do to humans, he’d have had a

field day in developing episodes for the series. Just looking at the last few days

on the daily candlestick chart, and there’s no making any sense of anything

… throw in some reversals and the “Flying Wedge of Death” [FWD], and no

position in this market is safe at anytime you’re in it.

Cuz of the Monday Holiday, oil inventories is today at 11 AM EST … market

literally treading water ‘till then, and oil hasn’t seen ± 30 cents in hours … so,

wait we shall. “Well, that escalated quickly to the downside, didn’t it”?

Another big inventories miss sends crude going “Thelma & Louise” … and of

course not helping, are the scumbag LP’s blowing the spread out to ridiculous

levels … even if you wanted to sell it, you couldn’t, and once the report came

out, bid/offer spreads ballooned outwards toward 7 - 8 cents on the CFD

… who the hell is going to trade that? Granted, about 20 minutes later the

spread came back to 4 - 5, but even that is no bargain … 3 - 4 is where it needs

to be, and so what we get is another example of LP greed for no reason … but

hey, we all have known for years they are the biggest thieves going, so what’s

new?

Now after 1 PM EST, and the day basically finished [maybe], where do you

expect WTI to go with an already $2+ range on the day? You really can’t

trade it in Asia or early Europe cuz the spread is too high, and you can’t trade

it when there’s news either … and if the scumbag LP’s won’t make a market,

you’re left with little choice but to walk away … and today, I walked away.

Nothing really left to say … except of course, let’s see if they can drag it lower

and extend the range from $2 … sure they can, and away we go! … daily

range now just shy of $3 here at about 2 PM EST … good grief. Can we just

get a decent spread for cryin’ out loud? C’mon Coinexx, don’t turn into

Turnkey!

Back at it tomorrow … until then mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas