Oil is the biggest market so affects all markets. I sold out of my long at US$38 the night before (I thought it'd gone back up too fast these last few days), then watched with some dissapointment as it almost carried on up to $40. Back in again now at $35.30 (this time only half the original amount). Got my next order in to double up at $31, which I read as the 200dma. If it reaches there and turns back up, we should get a nice upswing for the next couple of months imo. If it breaks through $31 & keeps dropping, I'll have to re-assess.
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Oil is the biggest market so affects all markets. I sold out of...
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