DislikedIt is so interesting to see supposed investors talking about oil prices with terms like supply and demand just to be creamed by events like McMurray, which has resulted in a decrease of 20% in the Canadian oil production, and unrest in Libya, which has also resulted in severely decreased Libyan oil output, but all this upheaval has not resulted in any spike not even increase in the oil price. In fact it dropped. So much for supply and demand...Ignored
Hi Manosk,
can not agree more.
Same with people arguing about fundamentals in EURUSD, with stating, that the EURUSD should have dropped all the way/time below parity, because of "better" fundamentals in USA vs Europe and the yield differences, etc.
It boils all down simply to social mood. EWI had a nice article about such a topic recently:
http://www.elliottwave.com/Articles/...source=Twitter