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Algos Gone Wild - WTI Crude Storms Higher Having Run Low Stops
Pattern identification...
Standard 5.5% ramp off the lows... on absolutely no news whatsoever!!
IF Europe Closed THEN Buy (or Stop Selling)
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I like how oil rebounds quickly but pm's never do.
PMs = life of pain until life really becomes painful.
Still going to the 20s... they are just trying to run the stops on shorts.
RIPS
X2
Algos play games to create short term noise but don't affect the logterm trends already in place.......headed back towards low 30's at the very least.
They keep banging the 1 hour and ten minute close. That should be illegal. Wait a minute, it is ! The corrupt SEC just turns a blind eye to it...
Is Gold or Oil going to $20...in the land of manipulation anything is possible
Why have just one when you can have both?
Print up some more Gold Futures Contracts Mr. Christian...
Let that ratio approach 10,000 to one.
No worries. You can Cash Settle. The US Taxpayer is backing up your fraud.
Reap your Bounty, Mr. Christian.
Then you can retire to some South Sea Island, like Pitcarin, beyond the reach of the law..
Somebody had to ramp WTI finally through those stops. The early morning plunge was idiotic.
Every market is manipulated in the land of the free. Gold is always attacked to maintain confidence in the infinitely printed fiat called the dollar. And oil is attacked to attack Russia.
Aw... I misread the title, I thought it was girls gone wild.
Trading like an OTC penny stock.
Good thing it's not an economically important commodity we are talking about here.
OPEC is crying uncle and cutting production is what I heard
EDIT: yes here iti is for what it's worth http://www.marketwatch.com/story/oil-futures-rise-on-worries-about-suppl...
They took their short profit and now they will short some more.
Dow up oil up......thats the game Tyler. The shitshow has been defended at 40. There are no markets aas there is no true price discovery.
everything is beautiful....!
Everything is awesome.
ANNNNNNNNNNNNNNNND, here is the song:
https://www.youtube.com/watch?v=3DWB7CBdvXU
in it's own waaaaaaaaay.
Oil up, Dow up, Dollar up.
It's free. It's free to run the stops and do all sorts of ridiculous spikes and dumps.
A free market is just an Awesome thing!
Being free is ecstacy on Earth.
At least we know we're free, right Lee Greenwood?
Grab my leash, I wanna go for a walk.
...all your 401(k)s is belong to us...
I called it yesterday. The BS news for oil is "war" of course.