Oil Prices

[yewkim]

April 2015 Nymex Oil close 50.75. Drop USD1.08.

So it is over? I too am looking eye big big, LOL

Now we read strike at refineries is getting worse and that is some 18.5 percent of U.S. production capacity, I don't know if that is bad, maybe that will be reason for them to push oil back up again, we wait to see.

And not forgetting Libya. From 1.6 million in January down to current 200,000 because of ISIS. That is quite a lot of reduction.

http://www.cnbc.com/id/102444059

http://www.cmegroup.com/trading/energy/c...crude.html

The market is the best teacher.

True, more than agree. Market dictate ,we follow. The problem is most never learn. They think market should favour their personal opinion. Thus, we say, "follow the trend". I am referring to purely trading.

Long term , fundamental still prevail. 35$/40$ next, then if break 25$/30$.