Chart of the Day

“The gap between what you say and what you do, between what you promise and what you deliver, is like a drain in the road. The drain is where water escapes, just as your power will seep away if there is a difference between your words and your actions. Ask yourself everyday, were your thoughts, words and actions aligned? Ask someone else what they saw in you too. Feedback is the food of all positive change.” –
Heads up for a lot of headline risk on Crude today out of the JMMC in Jeddah. No real change to the bigger picture discussed in out latest Weekly Outlook Video.
Remember; Bulls, Bears Make Money, Pigs Get Slaughtered. As we get closer to the end of the April it is important to remember that despite the fact that it has been a very good month so far in terms of setup and opportunities, in the long-run, it pays to stick to the plan and not get distracted by the action. Today’s session will focus on this and managing open positions whilst being aggressive with ‘house money’ without increasing exposure.
We would suggest you also keep a close eye on the whole fixed income complex and take a look at the sustained heavy action on the Shanghai Composite.
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

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