RE: Unbelievable!!!29 Mar 2018 13:57
I disagree with most on this one, I don't think this is manipulation or shorters.
Lets not forget shorters have already sold, so they would have to short again to keep this down.
For me this is simply a reaction to an Oil price that was at the top of it's range $70 and has dropped 2% today. Add to that we are heading into a 4 day weekend and your day traders are not going to want to hold this over such a long period, with the potential to come back on Tuesday with Oil at $64-$63.
I'm not saying it will but the risk averse will wait until after the bank holiday before loading up again.
I know I am.