More Stress

Oil is flying, gold is up and futures are lower. I think oil does its run for the roses this week. The greenback is weak again and the ECB will probably raise their rates on Thursday. That won’t help things at all. I think many of my charts over the last few days can be in play this weak, both short and long. We desperately need some relief from oil prices to set us up for any kind of bounce and I just don’t see it.

Watching USO and DXO as well as the other charts.

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