Loiks a good short here. Shorted yesterday at 4810 but think there is more downside.

Too many taps on the lower trendline. The ice will eventually break and we head lower.

Interesting article yes. I have a stop with a close above $120 on Brent so if I lose $8-10 with an upside breakout, then its the way it goes. Downside wise, I am thinking $90. So not the best Reward:Risk. 2:1. However, it should be the fillip Equities need to move higher towards the 61.8% Fib around 6750.  Just throwing a few thoughts out there. 

In my opinion, the best cure for higher Oil Prices.....is Higher Oil Prices. Because kind of what you mentioned, which was/is around Demand Destruction. The Global Economy will go into recession which will bring down the Demand Side of the curve. 

Forming a daily bearish wedge (if I ignore the sharp spikes) and on the hourly, a bearish channel.  Despite all of the negative news over the weekend, Oil has fallen today which tells me that the next major move will be downwards.  Stop @ close above high of ~$120

I picked up CANE yesterday at $10.19 on the pullback (albeit Sugar rather than an outright stock). So one of Matt's Macro Picks. Think it starts a new leg up now to new highs for the year. Indicators are just curling up

Yes good point. He has a track record of speaking the truth so I expect new highs and the infamous "2 weeks" to play out

Kind of wondeirng the point of an Address to the Nation if nothing new was supposed to be said. Err

Good job. I was also short ES overnight but have been scaling back in longs here. 

3 day weekend and a possibility of a gap either way on Monday. 

That's degrading High School Dropouts. They are not that dumb :)

There may be a distribution top forming in Brent.....like what formed on the S&P.  Not taking a shot here though as 1) The wedge is overall bullish and 2) There is an ABC forming that I haven't drawn in as its too many squiggles. It would suggest a rise to around 113-115 range. I am looking for a short entry rather than long but waiting for a better set-up

Silver may bounce here. Yes it is behaving like a risk on-off asset now but the fall looks overdone today. Also near support and I like the candle formation circled. Not the exact text book set up but worth a shot with a stop at the low of the hammer.

Personally, I ignore these pundits, commentators etc. Putting that aside,  I do think there may be another leg up in Oil. 

Brent, for example, is forming a bullish wedge. (Ignoring the Trump bearish Oil comments short term spike down last night which was quickly bought probably due to waning belief in his comments)

Apart from a range of Indicators, Systems and Bunnies flashing buy signals, we are at support here potentially of a falling trend line

Would not be surprised with a "rip-your-face-off" rally in the coming few weeks at some stage. One of those monster 2-4% up days. Just to catch out the gloomsters. 

I am long S&P here and have been $ cost averaging down since 6500, in addition to long Metals and short Brent (not WTI). So kind of a "One Way" trade on my part! All correlated of course.

Naturally, a fall in Oil towards $90 will be the catalyst for a strong rally. 

It looks set in the charts. Now lets wait for the news to follow!!

Let them project away and get their air time. Just follow the charts.

Yes I am sure he will mention how he didn't lower Rates (which incidentally do not impact the typical mortgage rate as they are set by Bond Traders. Of course how would Trump possibly understand that?). 

Yet Trump single handedly turned around a pipeline of future rate cuts by the new Fed.Chairman Elect, to projected rate hikes

 I don't see him tweeting that in capital letters.

Based on track record, the former

A large amount of Debt needs refinancing this year. ~$8bn.Will need a high yield IMHO for anyone lending to the US Gvt. Surprised US hasn't been downgraded again by the Credit Agencies. 

For those interested in IGs weekend betting, there are also other markets here we trade apart from just Wall Street. A few more below...

https://www.ig.com/uk/indices/markets-indices/weekend-oil---us-crude 

https://www.ig.com/uk/indices/markets-indices/weekend-gold 

https://www.ig.com/uk/indices/markets-indices/weekend-us-tech-100-e1 

It really is thin weekend market trading so just see it as totally indicative/ 50-50 reliability

So it's not just the market that is rolling over I guess. 

Last few weeks have conditioned us to sell into the close. I wouldn't be surprised if we rally into the close this time to catch out some short sellers. 

Yesterdays reaction however to words from Trump after the close, goes to show the market wants action rather than words. Sending troops to the area is hardly a sign of de-escalation in the coming weeks. So I think as I said yesterday, the announcement simply fuelled uncertainty.

....err....yeah....right. It might be 6th hoping for the Easter Bunny to bring a plan that at the moment, doesn't exist. Putting the sarcasm aside, I see this as prolonging uncertainty. One thing markets hate. 

But I am seeing Indicators flashing buy at my end. 

Really better to keep position sizes uber small here. Its heads or bunny tails here on predicting the outcome.

I think this is a decent chart to keep an eye on. A more meaningful bottom may be when there is clear air between the spread and S&P. No doubt a lag in when the data is published for Bull-Bear spread etc which is the difficulty in using this analysis