GREY:WFREF - Post by User
Comment by
theman0on Nov 27, 2014 11:32am
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Post# 23169801
RE:RE:RE:RE:Oil Price decline now getting stupid.
RE:RE:RE:RE:Oil Price decline now getting stupid.
Todays action is way over done and has now given the market an extreme oversold condition; looks like a potential spike bottom to me. These extreme readings have happened several times over the past few years and have been followed by surprising moves to the upside. We are also in what has typically been a seasonal strength period for oil.