Small gap up or flat open, whatever gap will be filled and the day could be a range day. As mentioned in the last night, the seasonality toward the rest of the week is bullish. Oil at an important support, make it or break it.
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Cobra wrote:Small gap up or flat open, whatever gap will be filled and the day could be a range day. As mentioned in the last night, the seasonality toward the rest of the week is bullish. Oil at an important support, make it or break it.
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Seasonality hasn't worked too well so far with April being down. But, they can do a lot with the light volume.
the open. the target is quite obvious, so no further comments here.
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Lots of calls being bought today with CPC at 0.73. Generally speaking in recent times that's been short-term bullish but bad for the intermediate trend.