Suddenly at the end of the day, everything rebounded that surprisingly reducing short sellers profits. Hence, it might be a technical rebound that after days of black. But, for your information that underlying like Crude Oil didn't affected by the market said OPEC, that they said this declines is just a psychological decline. Which might be quite true, let's see today...
As this morning CL has dropped to it's support level at $70s & finally rebounded.
Futures are greening at the end of the day...
Tomorrow might be an optimistic day, but still we must be quite careful as this might be a bull-trap.
Happy Investing^^
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Disclaimer: Anything written in the blog is only my opinion. It can be accurate or inaccurate because market is not below my control. It is not a persuasion or any offering. Every decision in every transaction is the responsibility of the investor who must know & bear the risk of investment by themselves. Manage your money well. Thank you.... Happy Investing....^^
Showing posts with label Tech or Psych. Show all posts
Showing posts with label Tech or Psych. Show all posts
Monday, 17 May 2010
Technical or psychological??
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