RE:Breaking NewsAgreed! Everyone is unanimous on banksters! A lot of help is needed there.
Also agree that HOD @ $27 is going down. Sell HOD and buy 10x HOU with the same money.
But as for reading the oil producting countries, it seems some of them are starting to understand that the price war is simply just hurting the producers and helping the buyers of cheap crude that are stockpiling as much as they can. They clearly indicate this was the start and want to stabilize the pricing.
Makes sense to me and the market is signaling this is a bottom. The last thing the Saudis want is for this to take off to $60++. They want to make money with their cheap oil but cause pain for all the expensive oil (off shore, shale, oil sands etc etc)
If you look at history, every turn around was a "surprise". Happening again. People have either short memory or the complete lack of abilities in research. That's ok, I'm analysing the charts every evening and being short from here will be expensive.
This thing might trade less than $5 before the end of the year.