Athabasca Oil Corp T.ATH

Oil selloff overdone!

[smallcaptdr]

I recently post that I felt that the Oil futures selloff was overdone well here’s an article that’s a good read.

https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2022/06/18/Oil-Price-Forecast-Sell-Off-Looks-Overdone-Tight-Energy-Market-Supports-Rebound.html

Here’s a chart from the news article showing that we're still in an upward trend, like I said, we are only at a four week low which is still high and probably won’t be breached any lower. I'm really big on charts and technical because they don't lie. But like everything on the markets it changes minute to minute and you need to stay ontop of whats happening in the US when it comes to what moves Oil prices. JMHO  (always DD)

[bigstar10]

Stock markets have changed, charts and technicals mean nothing.....it's all manipulation from institutions bring er up bring er down!!!!

[smallcaptdr]

Yes I agree and with ATH its anonymous that’s the mover and its nothing to have 2 trading accounts (example)  one being anonymous and the other one TD.  But Charts, Financials, Technical, Politics, Sectors, News releases, OPEC and for us the price of Oil are behind the decisions if the SP should go up or down, Myself I`m not a big trader I usually trade 200,000 to 400,000 shares a day in