Post by
liljohnnyjoke on Apr 18, 2024 8:32am
Oil heading back to @ $70?
maybe Biden asked his Wall St cronies to bring oil back down to @ $70 so he can fill up the SPR (after so many missed opportunities) before Israel goes over the top with its Iran response like it is with Gaza and cause a widespread war in the middle east with the US right in the thick of it.
Comment by
tylerreddick on Apr 18, 2024 8:41am
Or maybe it is just the fundamentals of supply and demand, a topic most posters on this site wouldn't understand.
Comment by
woodsmen on Apr 18, 2024 9:12am
Fundamentals?? So which is it Supply or is it Demand? Pick a headline it is always both and sometimes even in the same day, works perfect for the oil hater's running USA and Canada. Some posters need to get there head out of the sand to understand.
Comment by
liljohnnyjoke on Apr 18, 2024 9:54am
Its been decades since oil traded on supply and demand fundamentals, now it only trades on which way big hedge fund manipulators want the paper trade to go, long or short
Comment by
Frank007 on Apr 18, 2024 10:27am
You nailed it littlejohnny ....it's a joke to think fundamentals matter it's all manipulation ....I trade daily .and can stay ahead of the crooks ...been in and out of Baytex six times in a week ...back in now for ....well maybe the day ...lol ...good luck to you ...
Comment by
Cobalt on Apr 18, 2024 10:32am
Kinda makes it easy sell when commitment of traders are all long buy when they out ;)