It’s a bearish market now.
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“In almost every possible way, the USDA was more bearish than expected.
bearish wagers on U.S. ultra low sulfur diesel more than tripled to 17,450.
“Which is why we’re bearish about iron ore prices in the medium-to-long term.”
In this case, that would be the bearish outlook for oil which continues to loom large.
786177 There’s so much money piled up on both the bullish camps and the bearish camps.”
Nevertheless, the down move looks corrective as opposed to the start of a bearish reversal.
So much for the notion that Santa’s failure to call on Wall Street has bearish implications.
This is called a bearish nonconfirmation because the industrials are at a new high, O’Rourke said.
The fundamentals are pretty bearish, said Phil Flynn, an analyst at Price Futures Group in Chicago.
If oil settles below $40 a barrel it could be looked at as another bearish signal by energy analysts.