Cuddles1997-1999

Medium/Long term short oil+ dollar strength+ global growth pause

שורט
Cuddles1997-1999 מעודכן   
TVC:USOIL   CFDs on WTI Crude Oil
Lots of long term resistance + trump attempting to keep oil low. Dollar strengthening and global growth to cool due to debt being overextended and a trade war.

Am I a bad person for not charting on CL1! ? Yes.
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8 million build last week.
6 million build this week
5 million adjusted build this week
total 11 million this week.

exporting lots less.
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expecting like 3-5% down today
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I think this mid channel could be a good resistance point to consider entering again. i think markets will rally a bit

73.56 is the absolute high if trump ups the geopolitical tension without doing anything about saudi.
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Interesting how the predominate trend is double the slope of the retracements on the S&P and looks like on oil as well.

Guess that might be a new way to check for trend changes on short terms?
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