RE:RE:RE:Dead cat bounce I once worked as a cargo trader back in the days of 30 dollar oil, i knew then that futures trader could move prices up or down by a buck. This was done mostly to manipulate physical cargo pricing which was based on loading dates and discharge dates (cargoes were lined up to all load at the same time and then discharge at the same as they passed in and out of traders hands. All this came to an end with the growth of EFP s as buyers and sellers could now determine their own pricing.
Now with the Russian situation EFP s are no longer possible. So we are back to the old days and 4 $ per barrel is foughly equivalent to the old 1$ per day. However , my time has passed , so I cannot guide anyone more than that. Nevertheless , the oil market is and always has been highly manipulated
The only way around is to wait till things are completely out of whack , jump in and hold.
This is still such a time IMHO