I think the rumor of some of the Arab nations saying that they are willing to work together to cut oil production. The market hears it, likes it and up we go. Unfortunately, they've said that before and nothing happened. As soon as the market realizes we are no closer to any type of cooperation, we will be heading back down.
With that said, I would certainly be playing this as a quick in and out. Like a leaf on the wind, we will soar today and gently float back to the ground...
Good luck to all...
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