***Leading oil futures contract now bounced back to 50.90 (+.68) on the session... duly noted: that the market's drop hasn't accelerated here, also noted that the XOI didn't put a tail in yesterday on it's drop, I BELIEVE this is a mere "bull trap" in oil, but at the same time, I have no idea how high they will take it on this. I'm simply looking to the market as an indicator that has been successful in the past, it basically called oil's initially large drop before it was to occur and now seems to be calling it's bluf here, despite already being smashed lower, the drop is not precipitating for the markets... at least not yet...
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