Orange, Black, Breakdown, Breakout

Nonstop rain and flooding this winter (easily predicted by constant coverage of how California was going to be in a century-long-drought at that you-know-who blog) created big delays in airport travel last night, meaning that my pickup of family members at the airport didn’t happen until, oh, three in the morning. Having gone to bed at 4:30 a.m., I’m bright-eyed and bushy-tailed on this pitch-black morning.

Anyway, gold (which I am bearish  by way of a DUST position) is down nearly ten bucks as of this writing. Breaking that blue trendline would be a very good thing.

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In sharp contrast to this is crude oil, which has broken above a triangle pattern. That isn’t so great for the old Tim-ster, since I’ve got energy shorts.

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0221-crude

Anyway, I need to get my act together, having had minutes and minutes of shut-eye, so I’ll loop back to you good people a little later.

Disclosure: None. 

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Chee Hin Teh 8 years ago Member's comment

thanks for sharing