You are probably wracking your brains trying to figure out where we are.
Near as I can tell we are in a part of the cycle very similar to the time period of April 11, 2012 to May 16, 2012. I base this on a supply/demand dynamic that I see through a form of OBV regression. It shows that longer term demand is slightly lagging but close to supply, close to balance. And for the short term up side and down side risk are also roughly balanced. But take this as a warning, the longer that the price is below the short term equilibrium point the more upside risk there is.
Near as I can tell we are in a part of the cycle very similar to the time period of April 11, 2012 to May 16, 2012. I base this on a supply/demand dynamic that I see through a form of OBV regression. It shows that longer term demand is slightly lagging but close to supply, close to balance. And for the short term up side and down side risk are also roughly balanced. But take this as a warning, the longer that the price is below the short term equilibrium point the more upside risk there is.
talking head talking.