WTF was this in gasoline?

Holiday low volume trading can be erratic in any market at any time.

No should, will, must in trading.

 

Trey Talley
IT at Special Counsel
#Oil #WTI rebound is happening in virtually perfect symmetry. Black lines show the floors of the supply and demand equilibirum - Red indicating where we should be headed intermediate term (about $62/brl). I am not bullish long term.

 

Would you be bullish intermediate term? The red line?

 

http://www.reuters.com/article/us-opec-oil-idUSKBN1521JR

https://www.bloomberg.com/news/arti...e-oil-slide-is-a-record-breaking-gift-to-opec

 

I didn't ask for links to articles which I have already read this morning.

Here's the question again...

Would you be bullish intermediate term? The red line?

 

Yes...

 

Your ellipsis after "yes" says to me there may be a "but" behind it.

So is it "Yes...but"? Or you would just go bullish now to the red line come hell-or-highwater, and if so over what timeframe?

 

I am bullish till the sentiment on oil changes and that is a function of price, time and news.

 

Thank you. So your red line has very little to do with what you believe. Answer I was looking for.

 

Was thinking the same.

Wasn't mentioned but inverse head and shoulders is there. Though it's a pattern, either direction, I never rely on.