The chart of crude is worth monitoring where a seven word statement by Goldman Sachs made a colossal amount of difference. They do know the future or just require an added push to get their longs in crude in green but remember that to be successful in stock market requires you to keep monitoring the FIIS behaviour. Have a look at Goldman Sachs seven word statement as appended below:
"Oil price risks skewed to the upside". Of course, like magic, the market started to rally substantially. In fact, it never really retraced for the rest of the pit session, closing almost $2.50 from the open price. Have a look at chart below:
"Oil price risks skewed to the upside". Of course, like magic, the market started to rally substantially. In fact, it never really retraced for the rest of the pit session, closing almost $2.50 from the open price. Have a look at chart below:
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