“One Trump tweet … now take a look at oil shorts!”
In the environment we find ourselves in, you can’t take one minute away from any
position for fear of getting blindsided with news … today a buffet of news
headlines from the usual suspects … bottom line? … oil has rallied on hopes for
world oil demand growing via lower interest rates & a China trade deal … oil
shorts, look the hell out!
A nice move on the M5 via the oil algo … but really, not positive at all in the
scheme of things cuz it just reinforces the “POLS & Apparatchiks Trading
Paradigm” we find ourselves in, where any of these assclowns can move markets
at will.
The oil market has got questions, and the answers don’t come until 1) tomorrow’s
FED meeting on interest rates, 2) the G20 meeting between Xi & Trump, and 3) the
OPEC+ meeting they now want scheduled for early July. Until these are known
quantities, I don’t think oil has any place to go … a little up/down, but no moves of
any significance … we’ll see.
So, first step is the FED … tomorrow at 2 PM EST … get ready for some heated
action. Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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