RE:RE:RE:RE:RE:RE:dont be played by fake American "news"The reason I mentioned the increase in net imports is that the oil traders are all over these numbers even before they are published. As retail purchasers we are nearly always late to the game and worse easily misled. I.e the Api info on tuesdays is essentially worthless since the industry itself lacks self discipline Despite its own protestations, that their numbers are the same as the EIA , that is seldom the case.
So, what to do? The same as you are doing, hold for the long term. Trading in and out is like playing poker where everyone can see your hand ,but you cannot see theirs.
Trading companies are obviously constantly playing against VET retail holders. They rely on trailing stop loss orders to create a ladder going down and then pick up shares on the cheap at the bottom. They do this over and over. If you pay attention you will notice that a certain annoying poster shows up on each down cycle.
Very sorry for all those who are down on their investment earnings, But the upside is still tremendous and we will all get there as long as we do not get faked out. By us not selling we will get there faster and more joyously as those who would rob us will now be forced to contribute to our prosperity by buying back their short positions