Ann: Investor Roadshow Presentation, page-68

For all of you who believe in fairies at the bottom of the garden, Father Christmas, lucky charms and technical analysis might be interested to know that the support level of WTI was tested yesterday at $44.20, supposedly being a key support, being broken going through critical psychological  $44.00 barrier (I'm stating to sound like an expert here) but bounced back quickly from some arbitrary level below $44.00 to over $45.00.

Like all the good little sheep that tech traders are, they followed their rote learnt skills and traded merrily away. In the meantime there was Yellen, rig counts, EIA, drawdown from Cushing etc etc blah blah blah so not sure what is driving what here.

So at the moment it's finance and the sheople driving this market and the real tragedy and inequity in all this is that ordinary people's assets are being affected by a bunch of clowns sitting behind computers pulling the strings. One can only hope for a massive short squeeze to play out soon. And before someone gets on their high horse and starts coming to the defence of short selling I'm not saying that markets, in a long sense, should always be going up continuously but it's a little rich to argue that short selling is designed to curb eternal and over exuberant rising long positions and then hypocritically allow stock lending to force eternal and over exuberant downside moves.  

Cheers
BW
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There are known knowns. These are things we know that we know.
There are known unknowns. That is to say, there are things that we
know we don't know. But there are also unknown unknowns. There
are things we don't know we don't know.