So new highs again. Can we see correction? Maybe in the near future. As well OPEC members strike the deal to cut oil production. 600 000 barrels a day.
Micro and nano cap stocks gain huge from this oil price rise.
My trading was sluggish but still looking for potential long and if I will find, some good short opportunities. It would be nice to fade some oil penny stock price move. Long term I would be very careful to play on the short side with nano and micro cap oil stocks aka oil penny stocks.
Bigger picture as of now looks bullish. But FED's rate hike seem very logical and remember, stock market has inverse correlation with interest rates, meaning if rates rise - stock market goes down and visa verse.
Watch video: https://youtu.be/8hP9e1SnXtw
Good luck trading!
Submitted December 11, 2016 at 02:58PM by vytasmike http://ift.tt/2gAtNiq
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