claydoctor

The "I can't believe oil dropped that much" chart

NYMEX:CL1!   Kontrak Berjangka Minyak Mentah Ringan
3
Boxes to show, when oil dipped, the markets didn't like it, but shrugged it off, not much Vol. However, when the dip turned into a drop they could not believe and did not expect, Vol soared, SPY dipped, and Oil dropped to levels - end of boxes. So we have OIL at very high MACD and RSI levels, and dollar lows at big support levels. Will we stay in the ranges boxes or break out? BIG MOMENT HERE FOLKS. status quo or change ahead? Big FOMC news today, good for dolalr? Good for OIL? We will see, what EURUSD pair reaction. Note VOL uptrending at its lows of trend support also. "Something wicked this way comes" again or not? Will Euro reach parity with dollar, perhaps they will get there, and then we reverse?
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