Thursday, June 12, 2014

After two days of "selling" , morning balance broke out lower during the doldrums for a decent grind lower. 

But double distribution moves out of morning balance like this are not high confidence and right on cue buyers stepped in the last half hour of the session.

All-in-all, the buyers have their nice chance to step up in tomorrow's session, as selling is all low confidence.

But oil is on the rise and negative news is flowing, so we will respect it if the sellers can pull it off again tomorrow.




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