Oil continues downward stairstep

One hour bar Chart courtesy of Live Charts in the UK. Note that time is in GMT and date format in European.

An $11 downward move in two days, can’t be bad for the economy and probably good for the airlines. In fact, the airline index was up 17.75% today. That’s a giant move.

Chart courtesy of TC2000.

Perhaps we’re dodging Armageddon after all!

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