Another massive move lower overnight, likely a result of dealers propping up the February contract ahead of a massive expiration of $30 puts, yesterday. It's a Friday before a long weekend, I don't see buyers of risk assets showing up in any sustainable force. Think you can continue to fade oil into the next support area b/w 28.50 - 29.00.
Looking at the long-term view, this support area could provide for a bounce on news of central bank easing - ala PBOC??
Looking at the long-term view, this support area could provide for a bounce on news of central bank easing - ala PBOC??
