Post #15994

Nas is threatening a pretty ugly looking close today, failing to hold the 200 day moving average and possibly this critical area of support. Definitely concerning, with oil spiking into the close. That said: reminder that often we will see a bid up on oil prices prior to a weekend, as short sellers cover to avoid holding a possible gap up move. Same with equities - people may be choosing to sell in order to not carry the overnight risk. - Nick