Moving Pieces

Sometimes the moving pieces work in your favor.  Sometimes they don’t.  With Iran’s announcement that they’ll be back to 500,000 barrels per day within a week after sanctions are lifted, CL wasn’t about to break out of the falling channel it’s been in since October 7.2015-12-28 CL 60 0600So, the bump that began with the Dec 14 lows has officially fizzled — stalling that particular algo mechanism.  Fortunately for TPTB, there are others.

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