A.M. Look 11/11/20

Oil is above its 50 Week MA for the first time since January.
Inventories are tomorrow with today being Veterans Day in the U.S.

We’ll take some time today to look for a longer time-frame way to play
Oil demand.

30 Yr….is back into an area that has run several 16 point swings since 2016.
172 15 -173.00 is the area I’m looking at for a low risk short.

Price above 171.13 would run out near term shorts. I’m not sure how it gets there but with the Spoo/Bonds
hanging around all time highs it needs to be on your radar.

Euro. show a 117.40 retest level that will be problematic.

It’s Wednesday.

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