Victor Shum Past Quotations

In the past few weeks, right before the announcement of the inventory report the market generally comes down.

Today the market seems to adjusting downward because all the upward surge over the past few days was a little overdone.

The pullback appears to be due to profit-taking, which is not surprising considering prices have really surged in the past few days. The decline will not be large because the Iranian issue is keeping a high floor under prices.