southernmnman - 1/4/2016 16:13
Sat - 1/4/2016 14:16
My thoughts on crude have not changed, with or without 1 or 5, with or without bombs.
A couple of years back crude would have been up 6-8 bucks on news like this today.
Long spec traders ARE and HAVE BEEN used rallying to exiting their long positions at less of a loss.
Well Marty a couple of years ago crude at this time of year was around 100, right? And a 6-8 dollar move would be 6-8%. Well today crude opened at 37.60, traded up to 38.39, down to 36.33 with a close at 36.93, a move from high to low of around 5.2%.edit sorry should be 5.376%, lets be a bit more accurate lol!
You can try and paint it anyway you want but it reads the same - the super cycle in commads is over
Who would have thought
