Normal
Have also been keeping a keen eye on prices. Despite high prices at the bowser, I am willing it higher.... a bread and butter trade thus far.There was a small quick spike down (see chart) seen on 3 minute bars, any longer time frame shows it as a bullish/ green bar, so it was a quickie only by a select few.From herein, a sell down will probably coincide with a pullback on the POO.... IMO only.[ATTACH=full]125360[/ATTACH][ATTACH=full]125361[/ATTACH]POO currently up over the last 24 hours (WTI) 3.5% at $68.67 and still climbing sharply (for oil anyway). Currently wondering about immediate causation?Hoping gains will hold overnight, and then some.Might be a spike up in anticipation of Iran export sanctions possibly being lifted as part of new uranium deal negotiations, that would bring prices back somewhat.A wait and see job on how much clout OPEC has I think.
Have also been keeping a keen eye on prices. Despite high prices at the bowser, I am willing it higher.... a bread and butter trade thus far.
There was a small quick spike down (see chart) seen on 3 minute bars, any longer time frame shows it as a bullish/ green bar, so it was a quickie only by a select few.
From herein, a sell down will probably coincide with a pullback on the POO.... IMO only.
[ATTACH=full]125360[/ATTACH]
[ATTACH=full]125361[/ATTACH]
POO currently up over the last 24 hours (WTI) 3.5% at $68.67 and still climbing sharply (for oil anyway). Currently wondering about immediate causation?
Hoping gains will hold overnight, and then some.
Might be a spike up in anticipation of Iran export sanctions possibly being lifted as part of new uranium deal negotiations, that would bring prices back somewhat.
A wait and see job on how much clout OPEC has I think.
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