RE:RE:RE:RE:RE:RE:RE:RE:market movementI am fully invested into CJ specifically for the reasons you listed so I'm not on here to knock this stock and am holding.
Back to the markets though, funny how you seem to accept and drink the spiked Koolaid handed to you at every turn. Some of those working at the executive level in the oil space have said to me - of coarse oil markets are manipulated. So is currency exchange and probably many more.
You can't get more fundamental based then when the world's largest exporter, OPEC+ reduces supply and the market immediately sells off hard and sharply, several times in fact, what exactly is the above groung facts on that price movement?
Inventorties decline and and the market sells off as WTI appears to be inching too close to $80. The Biden admin has said they want to replenish the SPR at $79 or less, low and behold they are getting exactly what they want and shockingly before an election. The SPR is buying more than 2+ million barrels per month yet somehow that is not bullish, ever, but look at China, again. Global oil demand this year is a record, in 2025 it will increase again. There is a disconnect between fundamentals and oil prices and that is a problem. Even Eric Nutjob has said so and while I don't follow his trading advice, he still has a good understanding of oil markets