sp'60min
USO, daily2
Summary
*that is a rather stinky black-fail candle for Oil.. and notably, the third one in recent days. Its a pretty rare thing to see.. showing repeated failures to hold gains.
At the very least, oil bulls should be somewhat concerned.
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Not much to add.
Market is set for more chop into the close... ahead of the Friday monthly jobs data.
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notable weakness... FCX, daily
Having broken rising trend, next key support is around $10.. and that is around 10% lower.
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back at the close
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3.01pm.. ohoh, clown finance TV doing a live interview with fed official Lockhart in the closing hour.
Mr Market IS watching.....................
.. and here he is...
Touting Q2-4 will be better than Q1.