You guys paying attention to the news and believing what it...

You guys paying attention to the news and believing what it tells you need to learn how the futures market works.

Wall St and the main stream media have a game plan to trick you into believing their crap. In the last year they managed to fool many of you - who blindly believed the news when oil was bullish - that demand was outstripping supply.

Ofcourse they're going to tell you that. They want you to buy in and help drive the price on their longs silly!

And now when oil's hit its top and Wall St is taking its money, some of you dummies are again believing the news - and some at Wall St - that a US recession is causing demand to plunge.

Ofcourse they're going to tell you that. They want you to sell and help drive the profits on their shorts silly!

You guys who pay attention to the news in the futures markets instead of trends seriously need to get your head fixed and learn how Wall St works: its a machine built on lies designed to eat your money away.

There was never any problem with oil, did people at your local Caltex fight for oil? No, there was plenty if not more as all the dumbasses with V8's couldn't afford fuel no more.

Yes China may be using more oil, but it has been since 1970, so why the hell did the price go up 100% in the last year? Sounds "Wall St" fishy to me!

Even in Australia, we're going to have 50 million population eventually. So hey, does that mean we jack the price of food up 400% tomorrow to "price it in"? Does that make sense to you?

Take the news with a grain of salt, but watch the trend. You people believing now that oil fell because of a Russia pullout will get burnt because at some point oil will rebound again.

Personally I'd just hold and wait for a long drawn out bottom before punting a long or a short.