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Sunday, October 20, 2019

SUNDAY UPDATE: FACE FACTS, OIL IS STUCK

“As clear as the “fun-dur-mentals” in crude oil!”

Couldn’t be clearer, right? … well maybe not … oil can’t decide what to do, and I
don’t see anything on the horizon to change that … at least not this week … but if
you know oil, then you know it can go anywhere, and the drivers of oil can be
literally anything … most likely it tracks stocks this week and/or China news
… nothing new under the sun.

The “Traders Course” [TC] is finished, and will be available in a couple of days
… sometime this week it will be released … the crude oil algorithms are part of it,
of course, and if I say so myself they are excellent … it would be nice, though, if
crude could stop this “pump & dump” cycle we’ve been in, and start trending
somewhere, but I’m not hopeful.

Directly below, the WTI Crude Oil 20 Day Range MA for this week.

click on chart to enlarge

Onto the week at hand… until then mi amigos … Onward & Upward!!

Have a great rest of your weekend everybody!

-vegas



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