Good Article on SXY, page-22

Not the time for the oil and gas market?? I wonder. I feel that all the bad news is out there. The competition between Russia and OPEC to pump the most oil can't go for ever, and in any case Brent looks unlikely to fall much further, or surely not for very long. (I'm trying to avoid any sense of certainty here, because I think this is not a time for firm predictions).

A casual look at the sharemarket charts, both long term and short term, suggest to me that the market is approaching its bottom. As soon as any good news comes out - like a flattening of the US Wuhan cases eg - I think we'll see a relief rally after which there will be plenty of volatility but hopefully no new lows.

SXY only has to go down another 10% (somehow that seems like a very small amount in todays market) for me to pick up my order at 0.15. If I get it, I'll put in one at 0.10!!