Some wicked intra-day moves

Yesterday’s trading action was certainly wicked but also a study of keeping your nerve. That all depends on what side of the trade you’re on.

I’ve added some notes to the charts below which show WTI Crude and Silver trading over the past 30 hours in 15 minute intervals.

Incidentally, the S&P 500 fell 2.6% at yesterday’s open to then turnaround and rise 4.2% from its low….

The extract below is from my post yesterday, recounting what the prices did when Coalition Forces commenced the 1991 Iraq bombing campaign.

“That extensive aerial bombing campaign lasted from 17 January 1991 to 23 February 1991.

Ironically, on the day the campaign began, WTI Crude Oil rose 6.4%.

Over the next 32 days, the price of Oil then fell 44%.

and the S&P 500 rose 20%”

February 25, 2022

by Rob Zdravevski

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