Back in the days of swing ... this was an inverted cup and handle. It was not a bullish sign.
Today our computers can back check our our predictions, Algos, and ATMs. As they give us micro second opportunities. If my trading action happened at the speed of humming bird wings, my heart would explode.
If you play against the herd, stay short into the weekend. But the safe bet would be long or cash. It is more likely any news (true or not) this weekend, will be to promote a oil bottom. Not likely any weekend news will push price down. But any rumor can push it up.
It's the weekend.. I remain short oil..
Today our computers can back check our our predictions, Algos, and ATMs. As they give us micro second opportunities. If my trading action happened at the speed of humming bird wings, my heart would explode.
If you play against the herd, stay short into the weekend. But the safe bet would be long or cash. It is more likely any news (true or not) this weekend, will be to promote a oil bottom. Not likely any weekend news will push price down. But any rumor can push it up.
It's the weekend.. I remain short oil..
