Midday Missive

Oil…is at a level that you should not chase direction.

Some services put out buy recommendations this A.M. in the Oil.

Oil has broken out above daily momentum line @ 43.64, today’s pit low.

You’re better off waiting until tomorrow’s inventory # to see if you get another break vs. buying this rally.

Crude…25X3 P&F
Inline image 1
 
SPU/BONDS…is into mvg avg resistance just above the daily ORH #.

The upside Momentum in the Euro crosses portend more risk on today.

 

I like today’s low in GOOGL to manage a new long.
It will take a couple of days to play out.
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