1pm update - Oil continues to cool

Whilst US equities remain broadly flat, there is notable weakness in Oil, -3.4% in the $47s. Hourly cycle is offering a further 2-3% lower into Tues/Wed. A weekly close >$50 looks viable on the next rebound.. which would be bullish for the broader market.


USO'60min

USO'daily2

Summary

*I remain on the sidelines, but yes... Oil is an interesting one to consider. I'd certainly USO in the 15.25/00 zone.
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notable weakness, TVIX -7% in the $7.70s....  relentless grind lower.. as there is no fear in the market.

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time for a somewhat late lunch.. as the sunsets in London city.