Can it really be this easy.... short answer, sometimes.
Updated
Technical analysis has gotten pretty sophisticated... but like any data loop, action taken, drive patterns, which drive actions. But when the forces at work are manipulating price in ways that don't feed the data loop, patterns can give false readings.
Step back and look at the forest. Don't fight the tide. Until someone closes the drain, it will continue to go down.
Stay short my Friends...
Step back and look at the forest. Don't fight the tide. Until someone closes the drain, it will continue to go down.
Stay short my Friends...
Note
OPEC crude production climbed in January to the highest level in Bloomberg data going back 20 years.... houmatoday.com/article/20160129/WIRE/160129646
Saudi has no love or trust with Russia.
gulfnews.com/business/sectors/features/saudi-russian-differences-will-not-be-easily-bridged-1.1664387
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