Not much change in crude volume.
the Oil Cartels are planning the next uptrend.
the next uptrend will be impressive because all the hedge money and speculators will be buying in at this low price.
another interesting concept.... because Covid began its own cycle before 2020 till present, could you chart it.
could you predict future prices using Covid cycles?
what would be factors in the frequencies of cycles? Country lockdowns? Death or Hospitalization numbers?
vaccination numbers? an interesting concept indeed.
no economic news .
Dow will fluctuate, bonds will retreat. oil will rise in price.
dollar will improve. time to look at the resistance level of the eur/usd.
watch for an entry (short)
{quote} I Agree, Short the pairs. with the feds tapering bond buying, it boosts the dollar. FOMC Powell is speaking tuesday Nov 30th and who knows what else he has up his sleeve. just a mention of raising rates, will boost the dollar and drive the Eur and Gbp lower.
Oil and the Ten Year treasury. when oil rebounds this weekend, the bond market should gap down when it opens(next session)
yield will rise along with dollar.
