Things are happening fast right now, very strange. The a.m. range was broken to the upside just minutes ago, now it has to hold above that range at $110.65.
If we see a move below that range /support, watch for heavy volume as a sign of a false breakout. I wish we had another two hours today, but we don't so lets see what happens in the 30 mins left. Most likely algo-trading programs are running the show right now.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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