Fast forward 1 week and here is the chart today, one week later and 23% higher. Underlying equities have also rallied.
Emerging Money Daily Audio Call January 30 – Your Ticket Around The World – On the call today we talk about
The spot price of crude oil pushed higher in the news of Saudia Arabia King Abdullah’s passing. The bulls are speculating on a shift in Saudia Arabia’s policy of letting crude prices to fall.
Emerging Money Daily Audio Preview Call – December 16 – On the call today we get into what was black Tuesday in Moscow’s turns out to be possibly green Tuesday this afternoon seeing a major reversal in the markets.
Emerging Money Daily Audio Preview Call – Wednesday, December 10 – On the call today we get into emerging market levels where we ticked lower another 1% today well through the October lows and we are
Emerging Money Daily Audio Call – Wednesday, December 10 – On the call today we get into emerging market levels where we ticked lower another 1% today well through the October lows and we are dancing
While we were wrong in expecting a 500K cut yesterday as OPEC met to address plunging oil prices and a supply glut that is overwhelming lackluster ( but not negative) demand growth. What we were not wrong in expecting that OPEC would sound coordinated at least on the surface and ready to address the supply issues outside and inside of OPEC.
I want to provide an update on the WTI Crude Oil trade setup from May 28th “Crude Oil Update.” Back on the 28th, I anticipated the formation of one of my favorite technical trading patterns, the head and shoulders.