Back to www.cobrasmarketview.com |
Yeah, I'm getting nervous long oil and have put a stop at yesterday's close to lock in the gains...but the cycle is still bullish for crude for another day or two.agnosia wrote:also re: commodities. there is a vicious little circle jerk going on with brent and WTI. basically if the euro weakens, Brent goes up on weaker euro and you would think WTI would go down on stronger dollar but instead it follows Brent. See the conundrum ? I find it hilarious.
The slowdown in visitors could be as much about the summer slow time period than anything. Maybe lots of people are on vacation, so you should go through the data and adjust for seasonality. lolCobra wrote:Small gap up but within yesterday's range so chances are high that the gap will be filled and a range day today. The problem I see is EURUSD, kind like a H&S Top breakdown to me which if indeed would put pressure on commodities and therefore the broad market, so whether bulls are able to launch a solid rebound today is remained to be seen.
One more thing, even I see a little increase in visiting my blog but the visits to my Chinese report dropped sharply last night, despite AAII survey showing great reduce in bulls. Don't know what's going on here, either my report doesn't worth reading anymore or more likely I believe, there's still no panic yet...
i'm raising my stops, but enjoying the ride, could have some legsBullBear52x wrote:take some profit on UNG
alphahorn wrote:i'm raising my stops, but enjoying the ride, could have some legsBullBear52x wrote:take some profit on UNG