- In Trade Chatter
- Last Updated: 11 December 2012
- By LA Little
Why is it that we feel more comfortable if we have a reason? Why do we need to know that oil is going down because consumption is less or because the supply is greater? What does that really tell us? Does that make it more real? Isn't it good enough to look at a chart which really is supply and demand and simply have it tell us the same thing without giving us the reason for it - or shall we say the supposed reason? Right now these markets are working higher. I could give you 20 reasons why. I could also tell you the various percentages of impact each of the reason had. It would all be BS. I don't know that. Nobody does and that's why you don't see that kind of detailed analysis. You just see a general - oh, it's because of this or that.
Folks. It really doesn't matter. It simply matters that it is happening. Right now there is a bid under the market. There are various indications that it wants to climb higher. It is what it is. Believe it and take advantage of it while it lasts.