RE:RE:RE:WTIside note - for you non-believers in WTI-VII correlation - I urge you to compare VII and WTI trading this morning - seems to me we're yet again following WTI almost blow by blow - every pivot point on WTI is matched by VII in the early trading today, as far as I can see
I'm blaming the algos - I think they pegged VII to WTI and are just running with that, ignoring overall VII fundamentals. Long term this should matter less, but as a VII long I feel less frustrated with the recent price action, having observed the WTI/VII correlation recently. As such, I'm hoping (yet again) that WTI has now reversed the near-term trend and I'm holding on to my VII shares for now.