The bat revealed itself in the CL chart and the price never looked back... we had a bounce in CL yesterday though it failed to move over the top of the bat's head of 98.60.. CL under 95.50 could send us down to 94.64..Remember the index's are still near their yearly highs euro still over 1.31 and bonds are still rather bid.. what will give first?
Is CL foreshadowing a large down move in equities or has CL again overshot on the downside and will bounce right back up into 100 level by friday? We shall see, perhaps bonds and CL are correct and equities are off on cloud 9.
No MATERIAL within the pages of Hedge Accordingly constitutes investment advice nor is it any offer or recomendation to buy or sell any security. HedgeAccording.ly is not a financial advisor, and does not recommend the purchase of any stock or advise on the suitability of any trade or investment. The author from time to time may or may not have a position in a company or security mentioned within Hedge Accordingly. Actions you take as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility and at your discretion. Any Website Material is for educational purposes only.|. --- Contact