“Welcome to your future life as an oil trader kid!?”
Oil touches the $54 handle today and then rockets … enjoying the roller coaster?
… well, it’s to be expected in tight chart conditions, where neither side right now
has an edge, and everyone is on egg shells over their positions … and every
passing day sees conflicting reports or comments that are at once bullish and then
5 minutes later bearish … until this changes, don’t expect oil to move anywhere
from where it is … this is a trading market based on “MOMO” and nothing more
… it’s a market that subscribes to the “Golden Rule”: “them that has the gold
[money], makes the rules”.
Blog update on Sunday … much more this weekend over on the traderzoogold
website about the algorithms and the trading course, including crude oil … until
then mi amigos … Onward & Upward!!
Have a great weekend everybody!
-vegas
No comments:
Post a Comment