“This message brought to you by the oil market!”
Well now, isn’t this special? … a short covering rally everybody in the world was
looking for came near the European open, and then it was tears the rest of the day
as the aforementioned rally couldn’t hold … see my shocked face. Quite frankly,
I’m kinda surprised it got up as far as it did before rolling over, but when you’re
squeezing shorts unmercifully, there really is no limit to the pain, until every last
terrified short punches the liquidate button and covers … then the fun continues
again unabated … too bad that has left very little for the New York session, where
oil has been as dead as gold.
Needless to say, there isn’t any shift in oil market dynamics from the weekend
that is spurring any trading action … same old same old, and up and until that
changes, this very much is a technical trading market off MT4 indicators that give
very little room for error … quite simply, we’re stuck in the mid to upper 50’s.
Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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