RE:RE:WTI and VII price actionWTI making an almost perfect "W" so far this morning; this might turn into a nice head-and-sholders pattern for the day; not out of the woods yet, but looks promising so far..
oils have responded already, but VII still stuck at 12.50 some; shoudl see more bounce for VII than that, with gas up and WTI coming back hard; I'm guessing the algos are still in the predictive mode, so they might be waiting for confirmation before stepping back in ..