No profit taking today, just panky traders afraid their going to miss out so they buy, the market is talking did you listen. Sitting tight for even higher prices, no one wants to sell, so pay up suckers.
Bulls will keep control till inflation data comes out next week and we roll into Decembers contract, after that not quite sure.
Hummm after just looking at several time frames of crude, I am looking to bail quickly on my YM position.
Good call rickshaw, but there is still plenty to be made shorting on days like today. Now class repeat after me, resistance becomes support.