The downtrend is gaining speed on the bottom indicator. Below my ema, just crossed/uncrossed the dutch lines signaling confirmation. Oil consensus is upwards after EIA tomorrow. Maybe the Saudis got price up that high to see the limits/resistances. Now, it consolidated and round two is in the works? Also, thinking their promises to re-fill supply might be far-fetched or not as much as expected, that could be a possibility?
Expecting dollar weakness the next few days with markets headed downward (less people want dollar as investments are losing). Just some theories. Time will tell.
Expecting dollar weakness the next few days with markets headed downward (less people want dollar as investments are losing). Just some theories. Time will tell.