repost requested
Selling has tapered off in Japan/China
Remember our markets closed tomorrow so the proverbial stick save that our markets provide will not be present.
Pic 2 is Oil on a one hour chart time frame. Shows the gap about to be touched from it's COMEX open Sunday night.
Gaps are usually filled and this should be no exception. Awaiting the news on production cuts or not. Seems they are not coming as it is usually a buy the rumor and sell the news type of event.
Over the years a sell-off starts in one place and then is 'magically' arrested by europe or for the most part our markets. Regardless of the actualities of how it was started.
Think Exchange Stabilization Fund (ESF).
Asia/Europe/India/Middle East do not have this facility that exists on it's own.