“The 6 emotions of trading crude oil … do you see yourself!?”
The 20 Day Range of WTI Crude Oil for this week directly below.
click on chart to enlarge
VIX going lower as crude is trapped in a range that is seemingly unending
… basically a $52 - $53 on the low side, and $56 - $57 on the high side, and
unless there’s more attacks on tankers from somebody, there doesn’t seem to
be any breakthrough in terms of supply and demand … I’m afraid it’s just more
of the same this week, bouncing around in the “Flying Wedge of Death” [FWD],
as the big money crowd banks coin at the expense of retail specs … nothing
new under the sun … until tomorrow mi amigos … Onward & Upward!!
Have a great rest of your weekend everybody!
-vegas
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