The transports 20 MA still needs more time to show us what the main trend is. So Im Neutral on this because it is quite close to the 200 MA and still above the 50 MA.
Crude Oil retreated back to its support due to high inventory numbers reported by the EIA. So fundamentally, the demand has not caught up with supply.
Here is a chart of DIG. As you can see the 50 MA and 200MA are flat....Meaning that it is neither a a good short or a good long for now.
My strategy:
Im all in cash for now, I need to see more signs of the main trend to commit more capital in any trades.
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