“Taliban Joe” in Poland … what an absolute embarrassment … would some
adult please put a muzzle over his mouth before he starts WWIII? … and in case
anybody is still wondering why crude oil & gas is so high, CRUDE OIL
PRODUCTION LOSSES IN THE U.S since “Taliban Joe” stole the election are
basically self explanatory … unless you’re a Libtard and live in a delusional
bubble of home made woke bullshit.
Directly below, the 20 Day Range MA’s of selected pairs.
The MA’s for gold, WTI Crude Oil, and the “Stock Bellies” indices are calculated
from “SIMPLE FX” … their crude oil CFD’s [Brent & WTI] are calculated from front
month futures at NYMEX, and give better volatility, transparency, and pricing than
the bullshit “blend” of futures expirations, where nobody but nobody knows at
any given point in time whether or not you’re being ripped off on a quoted price
[trust me, you will be!] … Turnkey can no longer be trusted in “Stock Bellies”
indices [SP500, DOW30, NDX100, RUS2000 (which they don’t offer but SIMPLE FX
does), DAX40, & FTSE100], simply cuz their bid / offer spreads are erratic, and
from day to day nobody has any idea where they will be, and the slippage is
simply horrific … ditto for gold as well.
A quick glance at this week’s numbers, and across the board MA’s are dropping
from the initial war hysteria from a month ago … “Stock Bellies” are rallying cuz
traders are already anticipating the next recession / depression from the Lounge
Lizards at the FED from their hawkish rate hike guidance … and as a result VIX is
dropping … crude oil looks like a very safe bet for $4 - $7 daily ranges going
forward, as there is enough world wide uncertainty about supply with demand
growing … add to that not enough CAPEX [capital expenditures] by the industry
as a whole, and it adds up to a very dangerous supply / demand problem going
into and through summer … SIMPLE FX has a very consistent 3 cent spread,
which given the VIX and ranges, and the fact that most days m1’s AVERAGE
21 - 27 cents per barrel range throughout the day, there are no commissions, and
you have the world’s largest physical commodity market where inside a minute
price is moving 7X of the spread! … Yup, it moves fast! … snooze and you lose
… the other pertinent factors I listed on Friday.
FX will continue to be an interest rate differential story, highlighted by USDJPY
… unless U.S. rates come down, USDJPY has got no place to go but sideways
or up … keep your eyes on the 10 YR Treasury! … onto the week.
… outta here … “The future’s so bright I need sunglasses”!! 😎😎
… Onward & Upward!!
-vegas
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