Looks like the floor was indeed established at the old ceiling. (at least for now) The heavy volume we see at $81 and $91 helps confirms the new range of the price battle. Obviously conflicts help establish this, but such is life in the commodity world. The more conflict spreads to key locations around the globe, the more established this new zone becomes. For now it would be a good idea to trade the swings between $81 and $91ish... but invest at your own risk. The market is volatile and things change quickly. Do your own research and have fun!
** Side Note ** No rational person wants to see war spread. The royalty doesn't die and suffer. Now i could be mistaken, because really what do i know....?? But.... Russia backs Iran, Iran backs Hamas, Hamas attacks US stronghold in the middle east (Israel). This is a Russia/US war by proxy.... I'm starting to think Putin is a genius. He knows the US cant be everywhere at once. First you weaken the enemy financially, drain their resources, spread them out to thin.... slowly weaken them on all fronts... Sun Tzu would approve.....
** Side Note ** No rational person wants to see war spread. The royalty doesn't die and suffer. Now i could be mistaken, because really what do i know....?? But.... Russia backs Iran, Iran backs Hamas, Hamas attacks US stronghold in the middle east (Israel). This is a Russia/US war by proxy.... I'm starting to think Putin is a genius. He knows the US cant be everywhere at once. First you weaken the enemy financially, drain their resources, spread them out to thin.... slowly weaken them on all fronts... Sun Tzu would approve.....