Rumors

More rumors circling around. Greece is asking to leave the Euro area.

WOW

So this morning at 8: I posted this movement was just a pullback but after the 8:30 number the futures went higher. Geez that was fast but it leaves me empty of any positions as I was thinking we would see weakness into mid next week but we will have to see how this plays out.
Yesterday down candle is huge and projects much lower, just a warning.

In my Opinion

In my Opinion and analysis this is just a pullback. A number of crushes yesterday especially in the commodities but as I repeated many times $113 was the top projection for Oil and that number came up numerous times in my analysis. Though we went over the number the project still stick and that's why you should be out of all long then.
Yesterday Oil got killed and it is good for the US economy as gasoline has been eating into household pockets these past weeks. Soros also selling Oil futures was a sign of a waterfall sell in the works but the real under the radar news is that Oil futures margin is rumored to be increasing and that makes folks like me who trade it needing more monies to trade it. I believe that's the real story behind the selling yesterday, fast money trading leaving the commodity due to this rumor.