Check out the new trend line - As far as I can read leaving rates was a given so nothing new there-not buying more bonds well that can't be bullish for oil I have made the statement however Policy maker moves change the market sometimes in ways that they cannot even predict the Brogdinagian Machine we call the market is bigger but these alterations make long term unseen results like if you constantly pollute the ocean it would seem okay for a while until you start seeing fish throw themselves onto the shoreline.
As you can see and I have been seeing resistance at 69.5x but I have been consistently buying wherever crude meets the trend line on the 60 minute chart.
You cannot trade this with a blind eye but with the all the intervention the currencies
reflection of oil will be still trusted but now muddled.
According to the Fed the recession is easing durable goods agree still the world is not so sure
don't believe that the fed siting on their hands will do much to stop inflation and that means Inflation fears. Unemployment data is due if the numbers are good you do the math.
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