Oil has broken support and going back to the double digits the bull market is here

chart is telling you otherwise. why catch a falling knife? oil is $115-

 

Oil is still in an uptrend. It could fall to $100.00 and still be in an uptrend.

 

This is an olympic rally, nothing more. We're right up against the daily 200 period moving average in the ES. China has stopped selling their dollars and allowed the Yuan to weaken a bit, but the federal reserve does not want a strong dollar. That would kill this economy, exports are the only thing bailing us out for the moment.

 

I guess, you are not that familiar with the Options trading then.

 

No shit sherlock. I told you that 2 months ago you attention whore.

 

Key support level at $113.50 basis Sept.
The "talking-heads" on TV will tell you $110.00, but that isn't the next level that is significant.

 

This is pretty funny!

Especially coming from the biggest "Gloom & Doomer" and contrary indicator on ET.

 

You're kidding, right?
Is that why the Dollar rallied 3% this week? Because it was an Olympic rally?

LOL.

 

i see dead people