There is such a global risk on... maybe we should focus on possible changes in the neutral WTI setup.
- Ichimoku is total neutral, with slight bearish bias as Price is below Kijun Sen.
- however Heikin Ashi suggests there is some chance for a bullish action, at least short term. haDelta has minor positive divergence and the candle has an inside body today.
- Watch Kumo and mainly Kijun Sen at 47,40, and of course the Heikin Ashi signals!
The whole world is back to risk on. Equities rally, bonds (espec in Europe) are lifted, EUR is selling off.
This should be positive for WTI.
Also I don't see any "war premium" priced into this Oil market... meanwhile the situation in Syria is really serious.
Should give some support for Oil.
However the new bullish Wave in USD is a headwind for commodities in general. So from this perspective it is not going to be such a good proxy compared to equity bull market.
Other note:
- I got stopped out massively in EURUSD. Lost quite some money there.
- EURGBP I closed appr. zero earlier, stopped ard UK Ret Sales data
- I only had top hunting shorts in SPX and NAS100, where I was lucky enought to get out in time with small profit, as those indexes reacted quite late to ECB idiotism.
- Ichimoku is total neutral, with slight bearish bias as Price is below Kijun Sen.
- however Heikin Ashi suggests there is some chance for a bullish action, at least short term. haDelta has minor positive divergence and the candle has an inside body today.
- Watch Kumo and mainly Kijun Sen at 47,40, and of course the Heikin Ashi signals!
The whole world is back to risk on. Equities rally, bonds (espec in Europe) are lifted, EUR is selling off.
This should be positive for WTI.
Also I don't see any "war premium" priced into this Oil market... meanwhile the situation in Syria is really serious.
Should give some support for Oil.
However the new bullish Wave in USD is a headwind for commodities in general. So from this perspective it is not going to be such a good proxy compared to equity bull market.
Other note:
- I got stopped out massively in EURUSD. Lost quite some money there.
- EURGBP I closed appr. zero earlier, stopped ard UK Ret Sales data
- I only had top hunting shorts in SPX and NAS100, where I was lucky enought to get out in time with small profit, as those indexes reacted quite late to ECB idiotism.
