Oil Prices

[specuvestor]

Unfortunately, Oil trader trade on perceive demand and supply, they don't use value investing. The word "trader" already designated their designation.

Just as in stock, a 10-20 % move even in a day ( not few weeks) too is not surprising, if the demand and supply of the counter is good. We always witness this in stock over at SGX, isn't it?

So we always say short term price is irrational, but long term fundamental rule. So long term, we are going to see oil at a low again, at 35$/40$, if break, then 20$/25$, hope not, because the fundamental by then will be very very bad over all.

Oil traders deliver physicals... do u do that? Please reread previous posts on cotango arbitrage. Traders have different meaning in different field, they are not speculators, just as prop traders are not just speculating but includes market making and structuring.
By your logic "brokers" are already defined by their designation

Ya volume prevails all just as the 3 penny stock kings, hope you caught that TA right

Either way $70 or $20 you are right.