RE:RE:RE:Weekly trend is still up! But being tested now.Thanks sb , I kept trying to see the logic that prompted this trade until it dawned on me , there is no logic here . Call it emotion , pier pressure or obstinance , FCF and profits are ignored for political reasons . I won't draw on any other analogy as an example for this perplexing behavior but I'm sure I'm not the only one who is shocked when dividend paying stocks get sold like dirty laundry because someone yelled fire . This isn't a market , its a game being played on everyone by bank computers . You can't fight that .
The facts haven't changed , the oil (NG) market is extremely tight and whether its the end of the SPR , an early burst of winter or amped up demand from low prices , at some point demand will squeeze supply beyond its capability and then all bets are off . And to think , with just a bit of cooperation from government , oil could and would be flowing . The added supply would have provided a buffer against inflation and a shock absorber for Europe . Instead we get senility , selfies and energy insecurity