Post by
smallcaptdr on Dec 16, 2022 2:23pm
Oil is off its day low
Been watching Oil trending higher off its low of $73 so I'm thinking that Monday could see Oil higher than $75. Plus it's Friday and volume is low around the board so I'm feeling pretty positive "short-term" that Oil could be higher and what we're seeing is Oil consolidating and building support. It's hard to predict Monday's move from watching Friday's move so venture on your own but I'm thinking that it's time to buy a handful of shares and if it trades lower Monday I'll average down. The other thing is that it was overseas who started the selling which is normal for Friday as they exit and it's been the US traders driving it higher with Oil back over $74 the Oil market could see buying Monday. This suggestion is very unconventional but it works for me. And I like buying on Fridays because a lot can develop overseas by the time trading is handed over to us Monday and I would hate to miss out on a wildcard event that could surge Oil before Monday. GLTA
Comment by
Moemoney42 on Dec 16, 2022 5:19pm
"And I like buying on Fridays because a lot can develop overseas by the time trading is handed over to us Monday and I would hate to miss out on a wildcard event that could surge Oil before Monday" LMAO.. says the guy that only a couple weeks ago that says he "always sells on Friday".. I guess you think us posters don't have a memory eh.. too funny..!!