“I tried to tell him not to trade oil now … does he listen!?”
Eventually of course, oil goes somewhere … problem is, you could be dead broke
by then, as it grinds your ass up with a chainsaw … the oil algorithms have been
working exceptionally well, but cuz oil VIX is dropping faster than a stone in water,
the number of good algo signals has gone down, especially in the M1 Scalpers
Algorithm …, which is not unexpected, cuz we need intraday volatility to make
money scalping … this should be intuitive. So, onto the week, where every
expectation is for more of the same chop, inside of low daily ranges. Directly
below, WT Crude Oil 20 Day Range MA for the upcoming week.
click on chart to enlarge
Next Sunday, I’ll have the intraday oil as well … until tomorrow mi amigos
… Onward & Upward!!
Have a great rest of your weekend everybody!
-vegas
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