RE:Not gonna fight this for nowOneDayRodders wrote: Oil goes up a buck and this struggles to post any gain
Oil goes down a buck and it responds immediately
Chart looks like it's rolling over in my opinion and the same short term for Oil perhaps.
So sold today and will look for a re-entry lower if above plays out
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To me it looks like it is holding the $6 handle...we have a ton short still ... and they have tried at least 3 times to get this back to a $5 handle and CPG got support ... so if a run is put on the shorts and we see some panic this could really hold up the SP.. seems oil is going to hold this level