Missed alot of signals this week working on some fx automation to go with my bread and butter trading, which is just as well since I tend to have a short bias and crude shot up this week. EURO and cable have been giving me some good trades this week as well as Kiwi and Aussie, so I guess that makes up for lack of trades here. Hope you all have a good weekend. (took me a bit to figure out the Bon in your quote, being Bon is also French/German/Dutch name and you once thought I was European. D'oh! Just as long as you don't confuse me with those Staten Islanders on MTV))
An interesting article discussing the falling distillate demand side of the equation with regard to Crude Oil: http://seekingalpha.com/article/219...llate-demand-falling-off-a-cliff?source=yahoo
http://seekingalpha.com/article/218973-u-s-petroleum-inventories-hit-10-year-highs?source=yahoo This guy also breaks down the fundamentals.
Barring any dramatic move elsewhere, I'd say we're going to be rangebound, but let's just see what the charts say.
Yeah, that make sense, for the ones that would like to know, my Market Profile show that we are in balance with respect of the Value Area of Friday (Meat of the market). The Value area range of Friday was : 81.50 to 80.28.