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VIX, Oil, BRICS & Sterling's Sell-Appeal
BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
Can we PLEASE go down now? The markets are so funny! *heheh* You can LITERALLY sense them sniffing, 'Umm what excuse do we need to go up now?' :)
Hey guys, EVEN if the world had recovered *heheh* how much more can you go up? Now there HAS to be a correction.
I'd love to see anyone take any bullish positions now. Any buyers? :)
No wonder there was gapping in the market. :) 71.27...71.53...71.74. Zooooooooooooooom!!
API data showed a drop of more than 7.2M in crude and a rise of 800K in Gasoline and a rise of more than 3M in Dist.
72.52. But I'm very VERY happy. The higher oil goes, the more range it'll give me to short down to 60! It's utterly nonsensical. If oil stays above 70...economic recovery will be out the window...which will in any acse reduce demand for oil...which will in any case reduce the demand, and price, of oil! In any case, oil's heading down. Catch 22!
Thx
Gunjack
Ashraf
on AUD/USD did you open shorts at 0.86? If yes, do you put any stop loss? (like yesterday's high?)
Thanks