“I think this describes a lot of oil traders!”
Or, you could have been born rich, and now cuz you trade oil, you’re an
“anti-transfinancial”, which means you’re poor cuz of oil … “quite frankly, I just
hate discriminatory markets! … Benson, take me to my safe space”!
In any event, it should dawn on traders that this Summer is nothing more than a
“pump & dump” scheme on WTI crude Oil … a run up on “vapors”, chief among
them the continuing scam known as the China trade deal, so that various world
thugs & dictators could sell oil to the rubes, and now the hangover day after,
where the only thing left to decide is where Vlad & crew cover their oil shorts
… “Yup, Summer 2019 has not been kind for trend followers in oil”.
Oh sure, we still got the “shitshow circus” called Iran, and that sword hangs over
every short positioned spec’s head, just waiting to be swung into action … but
being long is no bargain either, as world demand for oil goes South with each
passing week … in other words, it’s a very short term traders market.
Directly below, the 20 Day Range MA for oil.
click on chart to enlarge
Onto the week mi amigos … Onward & Upward!!
Have a great rest of your weekend everybody!
-vegas
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