You are confused because you believe the lying reports from API. You are wrong because you listen to that noise instead of researching the big picture.
Bulls, do some real research. It's the end of fossil fuels, and everyone from Bloomberg to Canadian CBC is saying it plainly, but bulls are deaf and blind to the facts, think oil will go on forever.. WRONG.
Ahh yes, Investing.com opinion pieces. Like the recent one calling for $65 crude, when crude was $57. Now sitting below $50.. . Take Investing.com articles with a MASSIVE grain of salt.
Bulls have no clue what's really going on cause they don't do their homework. Exxon is so leveraged with debt it's ridiculous. its big cap investments haven't turned a profit or even revenue stream in years, and if they don't make huge cuts immediately it will be too late to save the company.. But of course, you wouldn't know that unless you did your homework, which I have done.
That report was 99% lies and exaggerration. Since then we've found out the truth. Companies lie as long as they can, then it all comes flooding out at once when they can no longer hide the truth.
Car bubble was built on nothing but the loosest credit and lowest rates in history, but most are clueless about economics so they think it's real.. The rollover has happened in all sectors of the auto industry, and as you see here, the BB line has turned negative for the first time in 6 years..
LOL! Just before the collapse. Too bad you don't do your homework on HOW they achieved the sales they did. All one big ponzi scheme with loose credit and highly questionable financing deals. You deserve to lose your money.
You guys really need to do your homework. This auto bubble has been built on nothing but the loosest credit and lowest rates in history. Now it's blowing, and with 107 million americans having a car loan who will they sell their used cars to?. Answer. Nobody. Used car glut is like nothing ever seen before.
I was watching the oversold candles on the 5 hr BB, expecting a bounce, but instead, it just waited out the chart until it was back in line.. . ON WITH THE DROP!!