RE:RE:RE:Oil up to $83.28Agreed, in these sideways weeks...low volume, pressure in the morning...I did notice what appeared to be fund blocks this morning picking the dip and sitting on the negative bid...
It is interesting to those selling today at $3.71...giving up $0.10 trading for pennies such a waste....they just got scooped when there was no need...although I would summise shorts trying to build momentum...but too tough at this point so close to Q3 resutls...they will need a major drop in oil....which is tough at this point WTI green today at $82.80
geezer21 wrote: I noticed the same pattern also. Opportunity to buy is to wait a bit in the morning for the price of oil to bottom and share prices to fall back. Share prices recover later in the day.
Regardless the upward trend in the price oil is still very strong:
https://stockcharts.com/h-sc/ui?s=%24WTIC