“Crude Oil simplified!”
Oil in the $53 handle now … and if you keep trying to buy this market, prayer
might be your only avenue … another “sigma” miss out of the ISM report this
morning drubbing oil “Thelma & Louise” style … almost hit the $52 handle, and
the only thing keeping oil above $50 is the threat of Iran … other than that, rallies
come on stock market bounces, but once that’s over with, oil reacts quickly to
the downside … it’s a trading market folks, play it accordingly … nothing new
under the sun.
Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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