“Then I see an oil chart and I’m a mess!”
Trying to find the words for oil this week … “complete shit” comes to mind
rather quickly … like gold, it’s either screaming somewhere or dying on the vine
… it matters little whether you’re long/short, the spikes will find you.
Sure, I can sit here and regurgitate oil market data and sound like an analyst
… but I’m a trader, and my job is to find the easiest way to make a buck while
mitigating risk … in oil, that’s no easy task … and it gets even harder when there
is no news to change the market dynamic from either the supply or demand side
… in other words, oil is in limbo … stuck in the mid 50’s, it’s going nowhere … the
FED and NFP next week might have an impact, we’ll see … for now, though, leave
this shit alone and go do something that doesn’t raise your blood pressure to
dangerous levels.
Blog update on Sunday … until then mi amigos … Onward & Upward!!
Have a great weekend everybody!
-vegas
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