“Oh yea, I’m short oil … don’t look at the screen Steve!”
Well there you go … just when you thought oil was hopeless, along comes Hong
Kong to save it … “yea, I know … don’t argue logic here, just go with it, cuz the
market did … then along comes new Iran sanctions, and leg 2 kicks in, and before
the sun rises for a new trading day in New York, crude oil is up $2 ½ bucks, thank
you very much … oh, you were short”?
Well the good news is, the new oil algorithm did very well … it will be here soon,
along with the others, over on the Traderzoogold blog … help is on the way for oil
traders … and while I can’t guarantee future results, cuz nobody in their right mind
can, if oil moves at all [above 80 cents per day, but less than about $4] during you
trading session you will make money over time, IF YOU FOLLOW THE ALGORITHM
… I know, it’s a big “IF” … in any event, here we are back in the $55 - $56 dollar
range we’ve been stuck in for weeks on end … two weeks from today the FED
meets, so as each day goes by, expect financial markets to tighten up some
… that means oil probably has nowhere to go, except in its range.
I’m outta here … until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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