XJO - Bear Posts only (Factors which might cause the markets to fall), page-116

Oil near its recent support levels. A test of this level is likely to happen shortly. Under $86.00 then likely see a test of the $83.00 level. A break of this might have a bounce, but likely drop lower. With Natural Gas prices dropping massively, this might be overall weakness for non-renewable energy stocks (but these might be included as they sell cheaper electricity etc).



I have also noticed, volume has increased substantially. About 85% above average and 36% more than the previous high (since 2/12/2021). Seeing that the XJO is heading lower, there is a lot of (controller) dumping happening today. Maybe this will increase towards the end of the day.