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double top or not, wait and see. my guess, more likely it's a measure move up.
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Zerohedge tweeting 3 billion notational dumped before the london fix. I thought the wicked witch (Blythe Masters) was flogging block chain after the fines to keep her out of jail were too much for Jamie Dimon to explain to his board.
John kemp at Reuters has put together a nice set of slides explaining what is going on in oil and what the key unanswered questions are. Bullet points and charts http://fingfx.thomsonreuters.com/gfx/ce ... 20ROAD.pdf
Hedge funds have been putting money back into oil. Not going well, either have the crowded trades of long dollar and short treasuries. Gotta throw something out of the balloon before the margin clerks call!
ETF's not helping much, apparently the public will only buy at the top.
On paper yesterday's low is just 2 points below the estimated daily range low. So an engulfing down bar is possible. Oh! Here comes the zoo keeper yelling 'Don't tease the bears".
would like more fear b4 a good bounce imo, maybe a quick move coming soon down to 2300sp levels to get it? impatient wannabe bull not likin the tape...pondering.....bull markets end in euphoria, was trump rally, greatest post election rally in 60 years, the euphoria??