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WTI Crude Plunges Back Towards $44 Handle, Stocks Don't Care At All
After running stops above $46 this morning, WTI Crude has tumbled back to test yestrerday's $44 handle lows... must be all that "growth" that Draghi promised...
Stops tagged... and dump...
Stocks don't care though...
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next stop $34
Then to the 20s.
Whats the best options trading platform online?
RIPS
Crude is the current dollar inverse.
Kinda like gold.
It only matters during pump and dump.......
I flattened my short oil position yesterday. I'm waiting for some direction from here... 40 or 50?
Here is some genuinely bad (fundamental) news for oil prices:
Canada Winter Forecast: El Nino to Promote One of Warmest Winters on Record
October 22, 2015; 12:15 PM EThttp://www.accuweather.com/en/weather-news/2015-2016-canada-winter-forec...
Warm winters mean less demand for heating oil (a petroleum distillate).
Well reporting from North East America 2015....was a brutal Cold Winter...coldest in memory http://boston.cbslocal.com/2015/03/09/giant-icebergs-wash-ashore-on-cape...
$RUT is rolling over, in my opinion, and is not participating in this at all.
without the $RUT........
Excellent point. It was up nearly 1.3% at the intra-day high so it did participate.
RWM looks like it might actually go green. But then again, the fatal flaw to your argument is the
3:30 ramp.
DWCPF has also given back most of its gains. It was +1.2% at its intra-day high.
Now +0.2%.
But the DJIA is pushing back to +300. So much for the "stumble".
Just shit my pants AGAIN !!!
Shit all you want. I'm long TP futures.