The downtrend is gaining speed on the bottom indicator. Below my ema, just crossed/uncrossed the dutch lines signaling confirmation. Oil consensus is upwards after EIA tomorrow. Maybe the Saudis got price up that high to see the limits/resistances. Now, it consolidated and round two is in the works? Also, thinking their promises to re-fill supply might be far-fetched or not as much as expected, that could be a possibility?
Expecting dollar weakness the next few days with markets headed downward (less people want dollar as investments are losing). Just some theories. Time will tell.
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