The Australian points to China- official statement less bullish...

The Australian points to China- official statement less bullish than expected for the market and oil going down- and oil is getting smacked. The same article says that punters are getting out of energy and putting it into financials. I would have thought that if China was causing minerals to go down then a mining downturn would have to push banks down eventually- but what would I know?

Most of my cohort put their time and money into caravans but I reckon the market is far more fun and profits add spice.

So the macro for oil is- China, the Middle East and US stockpiles increased more than expected last week.

IMHO DYOR