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If N Korea exploded a nuclear missile hitting or almost hitting something (Guam, Japan, USA) and if USA retaliated and launched an attack on N Korea would that cause oil (CL) to go up in price or down?
Any thoughts?
Educational only and not trading advice (EO&NTA) Good trading to all
Another oil question. If a cat 5 storm named Irma hits the gulf coast in a week will the Saudis give up on rebalancing the market and postpone the IPO ?
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fwiw .. re oil, re NK, re storms… it's all about the DXY USDollar… NK skirmishes, japan hit.. Yen will tank, USDollar will fly, /CL will get smacked… regardless. /CL <20d/50d/20w/50w/200d.. not bullish.. DXY nears 20d/50d over it.. look out to oil and gold.. both will get hit very hard.. contrary to NK problems.. EURO key.. as well Sept 24 German elections.. any troubles there and moves to Euro septic.. USDollar will explode up all fwiw… keep your eyes on that USdollar this fall ..
Short-term momentum is cresting, overbought except for banks (red)
But glancing at the gray boxes to your left, the overbought can bounce around up there for a while
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
if u missed the bounce, next safe buy point is new sp high...bears shots triple top at 2475, and up to last stand double top at 2491, but doesn't look likely...will take a good surprise given resilience of late....happy labor day
Trades with cats wrote:Another oil question. If a cat 5 storm named Irma hits the gulf coast in a week will the Saudis give up on rebalancing the market and postpone the IPO ?
Postpone IPO = Yes
Give-up = No.
They will wait a few months and then when the market looks ripe after it has finished dropping - close their shorts (in the futures market at a big profit) and launch another jaw-boning ramp and reverse and go long and squeezing the futures shorts and redoubling their futures profit. (Then laugh at us and buy some gold).
Educational only and not trading advice (EO&NTA) Good trading to all
fehro wrote:fwiw .. re oil, re NK, re storms… it's all about the DXY USDollar… NK skirmishes, japan hit.. Yen will tank, USDollar will fly, /CL will get smacked… regardless. /CL <20d/50d/20w/50w/200d.. not bullish.. DXY nears 20d/50d over it.. look out to oil and gold.. both will get hit very hard.. contrary to NK problems.. EURO key.. as well Sept 24 German elections.. any troubles there and moves to Euro septic.. USDollar will explode up all fwiw… keep your eyes on that USdollar this fall ..
Thanks - good reasoning on the Yen/USD/CL linkage1
Educational only and not trading advice (EO&NTA) Good trading to all
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