“This message sponsored by the oil market!”
It’s been a very tough week figuring out the oil market … now back up in the $57
area, I guess war with Iran beats evaporating world oil demand … just like with
gold, overnight trading conditions & volatility continue to wreak havoc on New
York markets, leaving them with nothing but cleanup duties … oil no different. The
oil algo working very well overnight, but a slopfest come New York.
I’m about ready to write off Coinexx as a reliable oil broker … it’s been way too
long for bid/offer spreads in coming back to 2 - 3 cents … now the norm is 5 - 8
cents, which is pure bullshit … anybody that trades with those kind of spreads is
an idiot … quite frankly, I think it’s a case of “bait & switch”, where they get you to
trade it first, and then jack the costs hoping you’re too stupid to notice
… whatever, the entire week saw oil spreads that are simply unacceptable, and I
give zero fucks what excuses they give.
Sunday sees a blog update … until then mi amigos … Onward & Upward!!
Have a great weekend everybody!
-vegas
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