Wednesday, January 4, 2017

Crude posts Wide- Range Daily Reversal; perhaps signaling Risk- On @ 'Risk'?

WTI Daily Chart @ Close 01/03/2017
Crude proved to be both pertinent & timely during the course of 2016 as an Indicator for Risk Assets.
If this is still so; then 2017 may well start out in similar fashion to 2016's conspicuous & rather volatile early miss- step.....or few? Notably the MACD was on Sell Signal before Tuesday's opening gambit for the year; subsequent Price Action certainly suggests it (MACD) may well be 'onto something?