General Comments or Valuable Insight.

Sometimes a picture is worth a thousand words.

From Thursday into last night we’ve gone from one extreme to another.

We’ve had corrections in the Yen,Yuan,Gold & Bonds going from massively overbought back to daily trend.

Spu’s put in a double bottom @ 1804 last Thursday trapping near term shorts.

That now becomes a important closing level for those looking for an intermediate low.

SHCOMP & Nikkei saw similar price action.

The Equity Indices will remain an opportunistic 2 way trade.

Canada, OIL & Risk On Correlations saw a nice rally into last night’s Saudi’s & Russia   Oil Minister meeting in DOHA only to fade at London’s open.

For now supply still rules and the jawboning to rally prices seem to be the favorite tool for the big boys to keep selling forward production.

Be very disciplined as to where you trade Oil. The game is next week with the April contract trading $2.30 above March.

Direction needs to settle out to see what the U.S. wants to do today.