Oil has so many big players and i think i read an article on oil-price.net about the saudis and the current market which essentially said they could sustain this current down trend......I was interested though there is a feeling out there that some suppliers are flooding the market as they recognise that in tte future re newable energies will make oil to a degree partly reduntant.... not suggesting it wont have a place but less significant....makes sense to me ...will try and source this info...i think its a guess whether we have found a bottom...even so call major publications seem to have conflicting information on a day to day level....at the moment i have been momentum trading compainies like SXY....the SP has gone to hell but sees nice day to day action
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Re: Feb 12-14 Aftermarket lounge 2016, page-167
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