Seems like forex factory's calendar doesn't include key market moving events relating to oil. Anyone know of a good site that does?
I have already given up looking for a good & reliable economic/event calendar. But this crude oil / OPEC news was available on the internet way before the price dropped massively.
FXF actually provides the key events in their listings. Today's 5% drop had everything to do with the broad market sell-off and demand worries, and nothing related to OPEC/supply issues. Today's CL move was strictly caught up in the broader market. Many analysts are still bullish, so this seems a good dip to buy.
That is a HELL of a good dip to buy, based on the fundamentals of the re-opening story. This knee-jerk sell was an algo play. You don't need different chart candle-types types to verify it.