All the NOISE above is already embedded in PRICE. However its best to ignore Price and just ask the Palestinians
Einstein dies and goes to heaven only to be informed that his room is not yet ready. "I hope you will not mind waiting in a dormitory. We are very sorry, but it's the best we can do and you will have to share the room with others" he is told by the doorman. Einstein says that this is no problem at all and that there is no need to make such a great fuss. So the doorman leads him to the dorm. They enter and Albert is introduced to all of the present inhabitants. "See, Here is your first room mate. He has an IQ of 180!" "Why that's wonderful!" Says Albert. "We can discuss mathematics!" "And here is your second room mate. His IQ is 150!" "Why that's wonderful!" Says Albert. "We can discuss physics!" "And here is your third room mate. His IQ is 100!" "That Wonderful! We can discuss the latest plays at the theater!" Just then another man moves out to capture Albert's hand and shake it. "I'm your last room mate and I'm sorry, but my IQ is only 80." Albert smiles back at him and says, "So, where do you think Oil prices & Interest rates are headed?"
Then the man replied: "What a coincidence! Before I came back here, there was a guy with IQ 60 standing just outside today asked me exactly the same question!"
Q Big Oil Just Woke Up to Threat of Rising Electric Car Demand By Jess Shankleman July 14, 2017 https://www.bloomberg.com/news/arti...p-to-the-threat-of-rising-electric-car-demand “What oil companies and car companies are saying is diverging,” said McKerracher, the BNEF analyst. “This is a trillion dollar question, and somebody is going to be wrong.” UQ
It moves in the direction of its dominant trend - macro news might cause a tiny flutter, soooo tiny that you would a magnifying glass to see it. Current dominant trend = down. Rally is counter trend. Target $18 by Dec 2018
Welcome to TREND mechanics 101: When no more buyers but only/more sellers the dominant trend reverses = run out of northbound fuel YAWN!