RE:RE:Days like this are why we don’t see massive up days anymore Maxmoe wrote: I find it humorous to read about how Biden is a feeble doddling old fool meant for "the home" not the White House. But also he apparently can manipulate daily or weekly oil inventory and global oil markets at his whim. Sorry, both can't be true, but both can be FALSE. Oil has always been very volatile and subject to so many different variables that it's nearly impossible to predict short term. Ie a month or two, forget a day or week. We can choose to gamble every day predicting an unpredictable commodity or we can choose to invest and ride it out when it's down. I prefer the latter because anyone who makes a short term trade and gets it right, is just lucky and will inevitably get it wrong the next time. I think I'll just sort my socks or something else today. Here come the boo-birds who will claim they "nailed it" on the price of oil.
I completely agree Max which is the whole premise behind tracking YTD inventories. Weekly noise is just a point in the trend