Oil did just as we expected. Brent undercut the 50 whole # by
about .20 and bounced and our oil undercut S1 by about .10 and
bottomed at 46.83 around 3:20. Since then it has bounced about 1.80
ish all the way back up to the CP in about 2 hours. Brent has
bounced about 1.50ish.
Markets in general seem to be liking. Euro zone numbers came out
and were deflationary which will put a lot of pressure on ECB to
crank up the presses. So looks like buyers coming out of the
woodwork pre-market. SPX futures up 13 and DOW futures up 100.
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Oil #2
Posted by racerick on 7th of Jan 2015 at 05:52 am
Oil did just as we expected. Brent undercut the 50 whole # by about .20 and bounced and our oil undercut S1 by about .10 and bottomed at 46.83 around 3:20. Since then it has bounced about 1.80 ish all the way back up to the CP in about 2 hours. Brent has bounced about 1.50ish.
Markets in general seem to be liking. Euro zone numbers came out and were deflationary which will put a lot of pressure on ECB to crank up the presses. So looks like buyers coming out of the woodwork pre-market. SPX futures up 13 and DOW futures up 100.