“If the FED swings & misses on Wednesday, no China deal, & OPEC clueless!”
Well, it will be quite a week for markets, and don’t discount the strong probability
and possibility of 1) the FED, 2) the G20 meeting, and 3) OPEC, all come up
negative for oil at the end of the week … the FED stands pat, no China deal with
Trump & Xi, and OPEC clueless in the face of a worldwide depression … say
hello to the 40’s!
It would be nice to see Coinexx have a 3 cent bid/offer spread this week in WTI,
but don’t hold your breath … more likely the entire week is a “shitshow circus”
cuz they can … “duh, market conditions, duh” … however, I would point out, that
in all reality the CFD market for oil is generally shit to begin with … why nobody
wants to make a viable CFD market for oil is beyond me, but they don’t.
Directly below, the 20 Day Range MA for WTI Crude Oil.
click on chart to enlarge
Let’s see what the week brings … until tomorrow mi amigos
… Onward & Upward!!
Have a great rest of your weekend everybody!
-vegas
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