Oil bottoming is a process!
It amazes me how the talking heads flip flop on fundamental causation regarding oil price moves over a 48 hour period...as if the whole economic landscape shifted that much that fast.
What we have here is only a bit of technical resistance at the 50 day moving average (this was expected).
What we have here is only a bit of technical resistance at the 50 day moving average (this was expected).
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