oil market has no directions, only seasonality and demands. oil is down due to china weak demands and end of the driving peak season, yet today it bounces hard. cash puts on three expiration date a week, long or short at the top and bottom, that’s my routine.
Markets need to go down. They are so over brought it’s getting silly. A lot of traders just got buy buttons these days, they literally just buy the dip. And banks love it, as they have a big vested interest, but small traders beware. Banks own these markets it goes where they say it does. Hedge funds too.
No, I'm talking about a shift in the markets. Money needs to go somewhere, maybe just a more overlooked area. for the past 45 years, these markets have only priced in he technology facets of commodity price advance. Not saying we are entering a commodity boom. But maybe.'