Note the ABC patterns previous dip, last rise, and this dip, both in price and . The oil traders are huge short, this last spike was s cover, and no way Saudis cut production and let Iran win that fight, because now that Iran is finally once again nearing supply capacity output, they will not cut back. All a ploy. We go lower after this spike.
@claydoctor, so you see us headed southbound once the market opens on Sunday or is there still room to go slightly higher?