Crude continues to be where I think a great return this year is possible. It has underperformed CRB over the past few years. MTD, I think it is on track for its best month in 2 years. In a SuperCycle, everything usually has its day. Crude may be the one to be best placed for the next 6months

In addition, I think the reason why Crude has held up today (Apart from Geo-Political), is if I was a fund manager , I would be rotating out of Metals and into areas like Crude, Wheat, Sugar etc. 

Yes I am sure. Looks like the streets are under control, budget deficit is falling, "trillions" (quote from "him") coming in from tariffs, global alliances and friendships, CPI firmly under control (wait until next month when this Oil price rise filters through to the numbers, unemployment falling (Sorry tapering to flat now and about to start a firm multi year rise up), the dollar under a global dumping (importing more inflation) and the list goes on. Great Master Plan. Envy of the world.

TACO Top. Of course capital letters in his tweet. Very mature and presidential.

It is due a snapback though. When you look at the Daily Chart, I think a bounce to around 97.50/97.75 is possible. I can see a tiny gap there as well as a prior Pivot Low/Possible Supply Zone.  Trigger? It could be PPI tomorrow or if nothing from that, then Friday night/Weekend action by Trump in Iran. Something to take attention away from gaping wide Domestic Woes or throw a few more toys out of his pram.

No surprises. They are rightly basing their decision on the data rather than trying to Politisise the process. Just seems so obvious as the right approach this side of the pond in Europe. 

Markets are forward pricing. Weather for perhaps the next 7-10 days will be fully priced in

So I think if it is at Multi Year Support, then buy support, sell resistance kicks in. So I am nibbling away at some here. 

Agreed. Monthly Chart right at Support here. 

https://schrts.co/EwyuIDCD

I use this chart alot during the week but ensure I close any positions taken as a result of divergences, by the weekend. Just to go in flat over the weekend. I was seeing positive divergences last Friday but glad I adopted the "weekend flat" approach

Matt, is it worth adding a ratio to the chart to spot divergences in an easier way? So like the VVIX VIX Ratio chart where its easy to spot when they get out of sync? Or do you think drawing trend lines is the best approach? I draw trend lines at the moment but got thinking about the Ratio addition/option

Can't help but think its all one big insider trading ring with his buddies who went in short over the long weekend. But as you say TACO strikes again. Credibility fast waning....or in negative territory 

At the 38.2% Fib I think of the recent move up. if this breaks (which it may do as he is about to speak at the WH), then 67 is the next stop. Then again, he might surprise the world by saying something nice. Let's see.  I am not the best at Fibs etc so what i have done may be completely wrong in the chart!

Dow Weekend down 330. Latest great decision by Trump to impose yet to be confirmed as legal, tariffs. This time, on Europe. re: Greenland. Err...The decision to illegally try and take over Greenland. 

What exactly in pre-market futures trading structure implies we gap up and then dump?

A range of brilliant posts by you today Steve. Thankyou

Actually don't worry. Correlation beween VIX & VVIX is strong enough for me to take the VIX investment route but using VVIX as the trigger

Does anyone know a way I can directly trade VVIX? I do need the VVIX directly rather than VIX. 

Great work this week btw Steve on calling the intraday movements as well as the daily directions. Good job!

Yep Cost of Living here in the UK is biting. We are likely to have a General Election btw on 4th July. TIme for a change of guard

Very good video. Thanks Matt

That could easily morph into a bearish rising wedge. I feel like it's due a pullback. Need a trigger though. I certainly wouldn't buy here