sp'60min
USO'daily2
Summary
re: oil. An inside day? Probably.... with a viable snap above declining trend tomorrow.
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Reminder on ECB changes...
Deposit rate: -10bps to -0.3%
monthly QE of €60bn extended from Sept'2016 to March 2017.
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Clearly, currency changes are causing all manner of price moves this morning.
Regardless of the opening equity swings.... the broader upward trend should resume no later than 11am.
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notable strength... energy stocks...
APC, daily
Price structure offers an extremely secure floor. First soft target is the 50dma @ $65.
I am long oil/energy via RIG... seeking a sig' Friday jump!
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time for a little sun... back soon
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10.30am.. sp -10pts... 2068... Hmm... that is a clear 1% swing from pre-market highs.
Broadly though... I'm still bullish. I ain't getting rattled with this.