just a bit thought, may not be right.
oil dropped 4% before noon time, with quite some volume. it may mean that quite some MM are shorting the oil. They may need to buy back to cover the short later, therefore, there is a small chance the oil will rebounce. As the oil is very weak, i have not yet seen any proof that the oil is in the bottom as for the date 10 dec
oil dropped 4% before noon time, with quite some volume. it may mean that quite some MM are shorting the oil. They may need to buy back to cover the short later, therefore, there is a small chance the oil will rebounce. As the oil is very weak, i have not yet seen any proof that the oil is in the bottom as for the date 10 dec
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