Poor action in the Euro would suggest that markets are beginning to believe Draghi-speak and that a new round of deflation-fighting efforts out of the ECB is on the horizon.
We continue to short the June Oil on moves above 101. Our standing sell order at 101.08 was filled in early morning Friday trade. We had a standing cover order in at 100.08 and were filled in late session action. We continue to like shorting the Oil on moves above 101.
For the rest of this futures trading recommendation, check out Independent Trader Al Martin's website Insider Intelligence
* AL MARTIN is a market trader as well as an independent political/ economic analyst with 25 years of experience as a trader on NYMEX, CME, CBOT and CFTC. He is considered to be a source of independent analysis for financially sophisticated and market savvy investors, as well as subscribers who want to understand the behind the scenes working of markets worldwide.