OutlookChina remains a ? but it has increased it's consumption by 22% in August from it's July numbers. Strong american dollar is putting pressure on commodities. Risk of a recession still remains. So basically if you are aware of these possibilities and choose to invest in oil, then none should come as a suprise. On the other hand, we seem to be in the idst of a supply shortage and with the the Saudi cuts extended until January, it should under pin the price of oil for a few months. Once I get into December, I will decide whether or not I will continue to hold my position. If I choose to hold and oil drops then that's on me mate. See the difference between my posts and yours? I understand that markets are dynamic and sometimes I am bearish while at other times I am bullish.
***BTW Cobalt should you not be dealing with all your AI investments you kept bragging about 4 weeks ago on this board? You may want to sell them asap before you lose your shirt :)