If this finishes where it is now or higher it will be a very storng indicator on the direction of the next coming move, the cartel and those who trade with them having being rejected twice in one week. But the day isn't over yet and I never under-estimate these folks. Anthing above $1300 and $21.50 as BigPic suggested is in the win column in my view. Of course next week is jobs week and it will interesting to see how that long term event pans out, hasn't been too bad recently and any action of a very short duration (hours) versus being bad for years and a few days of duration.