RE:RE:18.40? LOLPatterns have mostly been buy oil stocks in the morning, sell at close. Oil drops at night. Repeat.
Oil stocks will do well with time. Taking positiions on the drops in steps is the way to go.
Who knows how long the paper traders will sell oil for. Holding oil stocks down is like trying to keep a beach ball underwater with these crazy FCF levels.
Saudis not pleased at these prices, and have the next OPEC meeting on Dec 4 right around the corner of Thanksgiving. MBS has immunity now, so he can do whatever he damn well wants.
Or, one can just buy GRND, and hope they can all keep it up... LOL.
HighOctane89 wrote: Looks like the bottom is in , WTI in the $70's but O&G stocks are all moving back up . Looks like selling has been exhausted and the BS is over now , $20 by the close .