Re-Visiting Oil, the CRB Index and the FED
Fundamental:
Today is December 18, 2018. The US Fed meets on Wednesday, December 19, 2018.
Not much to say; just watch and wait.
Technical:
I am neutral this CRB Index.
With oil oversold and the CRB Index oversold, it won't be a surprise if after the US Fed meets this week, we get some type of risk on sentiment flowing back into the markets.
I watch this drop and remain neutral until evidence shows up that this is going green.
Besides this, it still can go awry with a continued slide. I am open-minded to anything; however, at this point, I refrain from jumping in short with everyone else.
The same can be said above USOil itself on a monthly basis:
Today is December 18, 2018. The US Fed meets on Wednesday, December 19, 2018.
Not much to say; just watch and wait.
Technical:
I am neutral this CRB Index.
With oil oversold and the CRB Index oversold, it won't be a surprise if after the US Fed meets this week, we get some type of risk on sentiment flowing back into the markets.
I watch this drop and remain neutral until evidence shows up that this is going green.
Besides this, it still can go awry with a continued slide. I am open-minded to anything; however, at this point, I refrain from jumping in short with everyone else.
The same can be said above USOil itself on a monthly basis:
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.