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Oil Down 13% In 3 Days; Is Iran Dumping Oil?

Published 02/03/2016, 02:06 AM
Updated 05/14/2017, 06:45 AM

HIGH: 1914.00
LOW: 1889.00
LAST: 1896.50
TOTAL VOLUME: 2.1mil ESH, and 8.7k SPH traded in the pit.
MOC: $800mil to BUY

FOR TOMORROW:
MBA Mortgage Applications, ADP Employment Report, Treasury Refunding Announcement, 3 and 10 Year Note Announcements, 30 Year Bond Announcement, PMI Services Index, ISM Non Manufacturing Index, and the EIA Petroleum Status Report.

DOW: -1.75%
NASDAQ: -2.25%
S&P: -1.85%
WTI: -5%
BONDS: Up to 163
GOLD: +0.20%

Today’s drop wiped out all of Friday’s big rally. That's how this is working right now…

Hedge fund rumor that Iran has been under cutting oil sales.

There’s just too much time left in the year to jump into the bull camp.

Rally-Fail; Rally-Fail; Is crude going back to $26.00?

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