What’s going on with crude tonight? Pretty strong action going on.
Wow, I see what you mean Jim!
Crude oil prices launched higher as a Washington Post article saying that the US will imminently discontinue waivers on Iranian crude oil imports. Secretary of State Mike Pompeo is reportedly due to announce today that – as of May 2 – the eight countries that received waivers from US sanctions on trade with Iran in November will need to stop shipments or face penalties.
https://www.cnbc.com/2019/04/22/oil-market-us-drilling-activity-opec-supply-cuts-in-focus.html
Goldman Sachs tried to break the crude oil market and get it below $63.00. On Friday they realized they could not do this and goldman started buying the market and continued the buying into today, to try another PUMP and DUMP.
I am flat and assessing things. $66 may be a short term top. Watching for now. I tried to buy last night but I had an order $0.10 below Friday's close but the market never pulled back, not even a dime and as I raised my bid it did not matter. Up and Up we went.