CL Redux

Quote from Brass:

Did you actually catch any of that?
More...

Oh yes, indeed.

MarketWatch: "...traders pass around rumors about a fat-finger trading error in the oil pits, as well as other chatter about a plan to release from the Strategic Petroleum Reserve."

Last time a rumor about the SPR caused a 2+ point move, my platform was down and I had a losing day.

This was a far better move, no doubt.
 
At first I thought it was just stops triggered on an initial 60-min level break and price would quickly pull back because the buyers were stepping in at every little dip all day. :p
 
white house's Carney says no change in oil reserves




Also,

Something interesting I saw earlier today from RT.com via twitter

"As fears grow that Israel is gearing up for a pre-emptive strike on# Iran - #UK's taking part in largest ever wargames in Straight of Hormuz"
 
It wasn't an all in one woosh I guess , it was taken down bit by bit. No fat finger as the media likes to blame. HFT machine error possible or just a bigger player (s) on a longer timeframe doing some business today.

1 second with Volume visual.
 

Attachments

It was more like "woosh by woosh" than "bit by bit". I wonder why the buyers were so voracious off the 94.80's...by the time I re-centered the DOM after the last woosh, price was already over 60 ticks off that low and rising.
 
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