Oil...sustained price action below 48.50 is needed for lower
NZD/USD…Kiwi is trading right on its 200 DMA @ 71.08. What is more interesting is the Monthly ORH working. Maintaining over 70.56, the monthly ORH #,is needed for follow through.
The later it gets in the day the greater the propensity for FANG & Semi names to lead higher.