“Looks like the oil market to me!”
It’s 2 P.M. EST in Gotham, and oil can’t even get a buck range today … yup, when
the slope of the 20 Day Range MA starts to head negatively lower, it’s never good
for traders cuz you’re looking at falling volumes, liquidity, & ranges that make
trading a market very dangerous … dangerous cuz it’s very tough to make a
losing trade back, simply cuz the market isn’t going anywhere or doing anything
… just crawling against you and then there’s the loss … now what? And quite
frankly, I don’t see it getting better anytime soon going into the Holidays … oil to
me looks and feels like “dead money” … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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