I'll be closing this at break-even, but I'm doing so as to not incur risk as intraday charts are fading fast. There are still decent 2, 3, 5 min charts suggesting we see more upside and I'll wait for that before entertaining the USO short, but for now, I think I'd prefer at least take any downside risk off the table in this case.
Chart updates coming, but they are as I said, intraday negative like yesterday, with slightly longer still positive suggesting more upside.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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