Tuesday, July 21, 2015

oil today

Maybe the gold miners are interesting today, since they were obviously puked yesterday on a total loss of hope that gold will ever retake $1150.

But I find oil neat too:

I guess the story is that it went down on hopes of an Iran nuclear deal. Well, now the deal is done. Does oil now have to break down to a new low? Or does it turn around from an oversold RSI reading here? Seems like, moneywise, there's an asymmetric bet to be had here.

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