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(U2) Solid Bounce Into the Close


Bullish Price Structure


Clears Key Support


Retracement Mode


Oil Supply Constraints Trump Lower Demand


Pullback Considered Corrective

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Some more on the Senate hurdle to stimulus passage, from WashPost's congressional reporter Paul Kane, Tweeted about an hour before the headlines brok"Here's the deal, folks. A clear majority of Senate Rs opposed McConnell's $1 trill proposal in July. So he abandoned it. A much larger contingent will oppose a Mnuchin-brokered $1.8tr~ deal with Pelosi. That's been the math problem all along. So if Mnuchin announces a deal with Pelosi, his biggest problem is the Senate - Rs, not Ds. I'm not certain all 47 of Dem caucus vote yes. If they do, Mnuchin would need 13 Rs to vote yes. That's not a sure thing."
MNI London Bureau | +44 203-865-3807 |
MNI London Bureau | +44 203-865-3807 |

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