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Goldman's got skin in the oil game.


dmedin

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There seems to be a correction in Brent oil every 10-14 days since the April lows, occasionally prefaced with a smaller drop and bounce. Is this just another correction before next leg higher or are we gonna see a narrower range traded here for a while til the second wave of Rona sorts herself out?

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11 minutes ago, dmedin said:

A big selling candle, almost immediately followed by a big buying candle.

Make sense of that if you will.

yeah sure. In a one way auction price can only move in one direction (up),

BUT in a two way auction price can move both up AND down. 

For the last 12 months you have been participating in a TWO way auction.

Sorry to be the one to break the news to you.

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