We’re ALL Spot Crude Oil Traders now……
Another Rally; another Low Liquidity Failure?
WEST TEXAS INTERMEDIATE ($WTIC): DAILY CHART - $12.50 > $93.50 High
· Iran Conflict = A Distraction OR Perspective Shift EXPOSING the Global Oil GLUT?
· Bear’s Case: Failing @ $93.50 ~ previous Support Line; NOW breaching the immediate (Bull’s Case) 38.2% Support @ $83.40 with a Price GAP Reversal to boot!
· Bull’s Case: 61.8% of the Sharp Rally > $67.04 @ $77.15. Daily Close < $77.15 & the Inflation Camp (US10’s Vigilantes) may be facing a General Custer Moment (w/out wanting to be in the Hail~ Mary Camp of Predictions BUT)……. the Volatility does MASK the Resolution UNTIL it does NOT & expectations have to be ‘vigilantly’ Biased for MAJOR $ ∆’s once said Resolution arrives.
