Well not yet and we need to test the recent lows in a v shape recovery then we could say we bottomed out.
Oil is a different beast. With all the supply right now, we could easily drop to a near 25$ BUT i do not think some OPEC members will let that go and we could be experimenting now kind of retreat from the shorters who are trying to cover their butts before something like that happen.
Pay close attention to the volume as it will be the key indicator of a covering!
Oil is a different beast. With all the supply right now, we could easily drop to a near 25$ BUT i do not think some OPEC members will let that go and we could be experimenting now kind of retreat from the shorters who are trying to cover their butts before something like that happen.
Pay close attention to the volume as it will be the key indicator of a covering!
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