Baytex Energy Corp T.BTE

2 year trendline got taken out

[Cobalt]

on Oil if we can retest it on the underside 86.50 ish and fail , hello HOD HED dyodd

[masfortuna]

Hi Cobalt.  I would be careful with that plan. Oil is down close to 5% because China reported a drop from 2.8 to 2.7 gdp forecast. Nothing...And their numbers increased  from 92 to 121 in Chenzou (I believe???) active Covid cases. Nothing...I would be weary about what China reports.  As for seasonality, Oil has dropped 30% over the summer during a "high demand" seasonality

[Cobalt]

Thanks but it was more then just 2.8 to 2.7 out of China , cases are on the rise , fear of what is to come you know me sentiment is everything , such a weird policy unsustainable

[masfortuna]

? In the knews they said 2.7 gdp as opposed to 2.8 according to Nomura. Personally I don't think anybody really knows much about China or enough to be able to determine a .1 % drop in gdp.  That was my point and FYI it's a video you actually posted as well. https://youtu.be/YUsbZ5HH9bQ

[Cobalt]

It is not that hard to see whats going on in China , you know hedge funds use satellites to track things like mall parking lots right? You know they watching the China empty streets

[dllscwbysfn]

Whatever floats your boat. Oil is down 35$ over a few months. There is only one thing that can make it do that, OVER SUPPLY. Damn it , I had these charts upside down.

[masfortuna]

LMAO! I feel the same way...

[masfortuna]

So again what is your point? I quoted your own video for my figures and I already pointed out that I wouldn't place too much faith on Chinese numbers/facts.

[Cobalt]

"Oil is down close to 5% because China reported a drop from 2.8 to 2.7 gdp forecast. Nothing." It was more then that as is that was not the only bad news out of China

[Cobalt]

Dont make me LOL

[Cobalt]

$87.50 trenline now