That's because she gave out free shakes all day, shaking everyone out.MOC a nothing burger today.
That's because she gave out free shakes all day, shaking everyone out.MOC a nothing burger today.
Should we trade down to 70 and bounce.. that puts NL in place on the 15 min... hmmm
https://www.aljazeera.com/news/2020...tary-assets-saudi-arabia-200507183258484.htmlWhere did the bulls go ?
This also applies to the crude market (CL) which dropped $3/BBL in 3 hours.....and strangely seems to be following equities. Saudia Arabia said to have raised prices.....LOL.
That's because she gave out free shakes all day, shaking everyone out.
nicely put
Starting feel like we have a managed market ... is a managed economy next?
Now that I'm looking at the volume, that spike at 10:40 looks puny in comparison to MOC volume. Yet it's 2x the size of MOC.Look at the volume on the 5 min bar the push through 83-90 and the following one.

I would be surprised if we see oil higher than 26 by next week. Failed break out today and persistent selling at 26 level. The question is will we see negative price again...Where did the bulls go ?
This also applies to the crude market (CL) which dropped $3/BBL in 3 hours.....and strangely seems to be following equities. Saudia Arabia said to have raised prices.....LOL.
Funny, they immediately started pumping this baby up right after the curtain call. We'll go straight up to 90 and likely higher overnight.Neckline appears to be firmly on place @ 70... unless we defecate the bed on the Globex session... anticipating right shoulder buildout over next few sessions or so.... potential selling should resume on break of NL.... Just as long as we have Vol... Tricky session today with some Jukes ...