Today, we get a chance to find out whether or not our analog from several months ago is still on track. It’s shaping up nicely so far, with USDJPY and CL both coming down off their recent highs and the futures sitting just barely in the green.
Analogs are funny things. Since we first announced this one on Aug 3, it has taken lots of twists and turns. I abandoned it twice, only to realize it had merely shifted due to some of the exogenous events along the way.
But, overall, it has provided great insight as to what to expect, even as the trading environment continues to be very difficult.
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