"Like oil, what can possibly go wrong here!?"
Given what's going on in other financial markets today, oil is taking a breather ... for how long who knows, but NFP numbers confirm from the math whiz kids that overall economic conditions are slowing ... not bullish for oil.
Coinexx for their part, not playing again today, with ridiculous oil CFD bid/offer spreads ... just can't trade oil when all they want to do is rob you ... as I said yesterday, our choices for U.S. citizens are not very good ... either put up with Coinexx, or go the emini futures route via Investors Europe ... that's all U.S. citizens got on the plate, thank you very much U.S. nanny government. "It feels great to be Lepers of the world, doesn't it"?
Over on the gold blog, I announced a new algo for gold ... well, even though oil has an algo in "Download Links", using data since Feb. 2016 only, I have a scalpers algo for oil as well ... sorry, can't give this one away. Since Coinexx is as bad as Turnkey in oil, my plans for demoing trades each day is moot ... what's the point if the spread is bullshit? So, what I'm going to do starting Monday is simply give buy/sell signals on the candlesticks, regardless of the spread so you can see the moves with the signals. I'll have more details on the Sunday blog update on how you can get your hands on the new algorithms.
I'm outta here early today ... never a big fan of trading on NFP Friday's ... blog update Sunday ... until then mi amigos ... Onward & Upward!!
Have a great weekend everybody!
-vegas
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