Crude and the equity markets

Direction First Service

Crude and the equity markets

By Peak Analytics & Consulting — Author

So, rumors of Saudi / Russia collaboration caused a 15% rally off of last week's lows for crude and a lesser rally in sympathy by equities. The rumors of some type of action came to fruition overnight last night - but the action had all the significance of a hand towel being used to sop up the Atlantic Ocean. Crude has been cascading lower over the last eight hours since the announcement out of OPEC and the equity markets are starting to recognize the futility of OPEC's announcement as well. We're staying short of crude.

Posted to Peak Analytics' Direction F… on Feb 16, 2016 — 10:02 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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By cwmetz — 8 years ago

Excellent advice these last turbulent months...

By Don Trang — 8 years ago

Wide stop loss and small at profit taking but that's their style.

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