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Thursday, February 27, 2020

WHERE’S THE BOTTOM IN OIL?

“Oh Oracle of all knowledge, where’s the bottom in crude oil!?”

Oil today, clubbed like a baby seal at a Japanese whale hunt, all the way down to
the $46 handle … it doesn’t look good for crude ….. Crypto rallies some today,
BTC heading back up to $9K, while XRP has been brutalized these last few days
… great trading, though, coming from almost $0.33, all the way down into the
$0.22 range … that’s like 30%, and of course the algorithm in XRP ha you short
for a substantial part of that move.

Crude oil trading over at Turnkey has returned to the 3 cent per barrel spread it 
was at a couple of years ago … RT commissions are only about 1/10th of a cent,
so that isn’t a factor in profitability .. I simply can’t recommend FX CHOICE as a
place to trade, based on their unwillingness to keep spreads stable during the
day … in other words, too much LP bank bullshit.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas


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