remora, page-36

Just a quick one on Crude...
And a little fundamental thought that crossed my mind while deep in thought about the future of GGP...

If GGP's only Value was in their permian holding, so not taking into account EF, bowtie etc and with the share price @ .9c the market has valued the permian acreage @ about $2500 per acre...hmmmm

Anyway back into my tech box...
In the shorter timeframes, eg 10 and 15 minute charts I have noticed a bit of a tell in a lot of the technical breakouts that come into force.
And that is, just before most large runs in either direction I see quite a large shakeout catching stops etc before the run takes place...
Is that what is happening here???
Im not sure yet, but the chart looked pretty good for a run to $105 up until the psychological $100 barrier crumbled under the pressure...
Crude daily