07-24-2013, 11:17 AM
'sydbod' pid='26125' dateline='<a href="tel:1374624 Wrote:
'Palm' pid='26105' dateline='<a href="tel:1374603 Wrote: Interesting that as we got to $86.49 approaching the $86.61 resistance the hammer came down pretty hard. Someone doesn't want it breaking out just yet.
Could it be that around that time the oil price began dropping and the down swing in IOC became overdone due to the momentum of the price movement?
Doubt it. WTI had a high of $107.23 and a low of $107.23 and the high built gradually from the day's low. So the initial "drop" was less than a buck; under 1%