Trading Evolution

Markets are never wrong - opinions often are

Oil seems to be holding above $30

The market tried very hard to break below $30 today but it seems that $30 might be new support this week. Although there are usual weekly API and EIA reports which can push it below.

Update: $30 is still holding even after API and EIA data releases. If market decides to rally from here it can be very powerful move which can easily take CL to $40.