I was sitting there watching qg, and glanced at qm, and I saw it at 74.95 - I made a mental note how i sold at that price earlier this week (bought at 73.075) and thought 'back to price without hurricane premium'. I don't trade oil too often this week, so it didn't register with me. I think I even said 'I'll rebuy at 73' after a selloff tommorow.
yeah, that's tight. great catch on the low. i've been long since mon morning not quite that low, and just holding it. i think the odds are ok that this week was a swing low, or at least some upside volatility may return in the next 2 weeks following that consolidation. news doesn't hurt either, although i did go back the other day and notice that in the chronology of oil peaks going back to 1970, opening of hostilities appears to have marked several highs http://www.eia.doe.gov/emeu/cabs/AOMC/Overview.html
the NYMEX , CME , CBOT all are supposed to have erroneous trade policy rules to protect their customers from "fat finger" nonsense ... whether they bust or adjust or fine or do nothing ... I do not know look at the NASDAQ ... it took them over an hour to bust GOOG trades done hundreds of $$$ below the market a week or so ago