Oil

Oil is the focus of the markets. It's clear that Iran needs to be put back into it's box. Raising world tensions through terrorism has changed all our lives. It's time that we pushed back.


Oil has been pressured upwards not only by speculative buying but by a big  increase in oil option volumes. As market makers sell calls, they have to buy Oil to hedge.


I traded Light Crude yesterday afternoon. This morning was very quiet in London. Everything was very quiet. It was a matter of grabbing what there was between the Euro, DAX and one oil trade.


This Euro 5 tick Renko chart is very clean and easy to trade.