SW

tomorrow what's going to happen

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Have a buy on oil which I am losing on since Fri afternoon should I hold hoping it will rise. Or is it going to continue falling?

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(edited)

could possibly be a rush on oil at any time due to buyers delaying whilst looking for lows that are not coming as the bottom has been touched. Buyers may pile in on next bad news and price will spike. Will be pretty steady until buyers need to re-stock or bad news lifts the price. Many funds were shorting for sub 50 and so are not long that is also suspending the price in mid air. Many stop losses will be triggered soon as the price rises adding to buy pressure. we are now sub price when oversupply sentiment was out so north is coming IMO.

Edited by Sachi M

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