“Kind of sums up oil right now, long or short!”
Talk about dependent on news flow … let’s see, war with Iran, OPEC meeting, or
imploding world economies? … and I’m pretty sure oil stays quiet until one theme
or another takes hold, and then BOOM!, off we go!
Directly below, oil’s 20 Day Range MA.
click on chart to enlarge
We’re still up there above $2 a barrel, but it all depends when news breaks … and
lately, it’s everything but U.S. session hours. Still, you have to have something to
trade it on, and right now, there isn’t ANY brokerage house that has a fair and
honest crude oil CFD, that allows U.S. citizens to have an account … NONE
… cuz 5 - 8+ cent bid/offer spreads will only decimate your account … you’d be
better off putting money in a slot machine in Las Vegas.
To say I’m less than thrilled with Coinexx, would be an understatement … I feel like
they have played the “bait & switch” game with their clients, cuz now their oil
market CFD’s are as bad as everyone else out there … they haven’t been at a 2 - 3
cent spread in weeks … and while I’m at it, they’ve completely ruined the H33HKD
market as well … at the moment I don’t have a very good opinion of them, and
while I have sent them emails and asked for phone calls from management to
address these two markets, two times last week they have stood me up … what
does that say about them?
Onto the week … until tomorrow mi amigos … Onward & Upward!
Have a great rest of your weekend everybody!
-vegas
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