sp'60min
USO'60min
Summary
Little to add... on what is merely another day of minor chop.. stuck in an increasingly tight range... 2086/74... a mere 0.6%.
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*Oil remains an alluring trade to consider. There is a particularly attractive price-gap zone, which looks set to be hit/filled tomorrow morning. If the mood takes me... I'll take that level.. and hold long across next week.
notable weakness, AA -4.2%... but more on that one after the close.
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3.06pm... another attempt to break resistance... sp'2088... but its difficult to see why we'd break higher today... overall price action remains very subdued.
Clearly though.. a daily close in the 2090s would be VERY bullish for the weeks ahead.. if achieved.
3.23pm... sp'2090... well, its looking like bulls win another round.. as a truck load of short-stops are no doubt getting hit.
VIX breaking lower, -4% in the 13.40s.