We warned yesterday - do not Trust the Operators.
They Dinked the Chasers again.
Time and again, Crude Oil dips into Highs prior to a
large reversal.
Oil touts were out in force all week with $100, $125,
$150 and $300 Oil Targets.
Never is this a Goo Sign.
______________________________________________
Oil Touts are the "Tom Lees" of Equities.
86.42 was beat by 68 Ticks @ 87.10 and the Reversal began
in earnest.
It is grossly overbought.
The same "Investing" Group I've watched chase highs was up
to the usual Buy the Highs fluffing only far louder this go
around.
CL is now front running it's .382.
Energy began a downtrend with the Indices.
Now OIL Will lead.
The transports and Baltic Dry Index Ratio I provided analysis
for the Iimplied Ratio... worked once again.
The YEN Strenght Trade will also weigh on Crude OIl.
Risk-off as the Global Economy folds up its Tent.
They Dinked the Chasers again.
Time and again, Crude Oil dips into Highs prior to a
large reversal.
Oil touts were out in force all week with $100, $125,
$150 and $300 Oil Targets.
Never is this a Goo Sign.
______________________________________________
Oil Touts are the "Tom Lees" of Equities.
86.42 was beat by 68 Ticks @ 87.10 and the Reversal began
in earnest.
It is grossly overbought.
The same "Investing" Group I've watched chase highs was up
to the usual Buy the Highs fluffing only far louder this go
around.
CL is now front running it's .382.
Energy began a downtrend with the Indices.
Now OIL Will lead.
The transports and Baltic Dry Index Ratio I provided analysis
for the Iimplied Ratio... worked once again.
The YEN Strenght Trade will also weigh on Crude OIl.
Risk-off as the Global Economy folds up its Tent.