“Is this the bar scene from Congress or OPEC!?”
WTI Crude Oil’s 20 Day Range MA directly below.
click on chart to enlarge
Quite frankly, oil isn’t going anywhere without “surprises” … either from OPEC,
Vlad, the ChiComs via a trade deal, or sigma economic beats like Friday’s NFP
report which helped price rally into the weekend. There isn’t any trend in the
market at present, up or down, and price drifts until somebody panics over news
… at the moment it’s all this market has got.
So, unless you got a death wish for trading news, and love getting screwed by oil
LP’s that make the gold LP’s look legit, until next week is over and the OPEC thugs
& dictators have decided how much to cheat with production quotas, my advice is
to leave oil alone and go to the beach instead. We’ll see what happens this week
… until tomorrow mi amigos … Onward & Upward!!
Have a great rest of your Holiday weekend everybody!
-vegas
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