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Monday, June 24, 2019

OIL GRINDS HIGHER, THEN GETS SMACKED

“I think there’s some blood already!”

Asia & Europe grind oil higher all night long … New York shows up, and it’s
smackdown city … typical really, and don’t forget this is OPEC week, where
anything and everything can happen when one of the despots opens their
mouth and tries to act nonchalant about the oil price … “yea sure, whatever”.

Not sure if there are any real shorts left from lower levels … trading looks
totally technical in nature, and the 50, 100, & 200 hour MA’s look to control
action. Other than that, it’s hurry up and wait for the OPEC weekend.

Until tomorrow mi amigos … Onward & Upward!

Have a great day everybody!

-vegas


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