RE:RE:RE:RE:RE:TOU verses VII Generations VII bounced off 12.75 pretty quick, that downspike seems to have been an over-reaction or stop loss takeouts - happened while WTI was testing day low of 60.56 (hit 60.55, for what it's worth). Hard to say how high the VII bounce will be off the 12.75 but let's hope WTI holds at this level. Even then, we might get a big flush out tomorrow, if WTI breaks that. VII chart looked parabollic to the donwside and the 12.75 was the bottom, looks like, at least for the day. With global fundamentals improving while WTI is still in downtrend, this looks to me like a technically driven WTI sell off. Once fundamentals kick take over on WTI, we could see a strong bounce in WTI and I'm guessing corresponding bounce in VII based on that. WTI selloff looks way overdone, so this could happen any day. Until then, time to pray. Not an ideal investment strategy, I know ...
IMO