CL struggling to maintain 26 level in light of the OPEC meeting. Looks like they are targeting 10 million BBLS per day cut. However, given current storage constraints, more may be needed.
I`m anticipating the Bullys keeping the market bid until later in session... followed by late day sell off... That 3:45 - 4:15 window has been wicked.... last session of the week here! Good Luck, Fellas
I am looking for them to sell into some of the liquidity here at some point today and simultaneously shake out weak hands than they can reload and use profits to defend lower levels at a later date if need be. Maybe they are and there's still this much demand, that's pretty impressive if so, still a lot of time left on today though.