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"Just Oil"

Chikot
Jan 14 2016 at 14:56
2299 ieraksti
Supply destruction takes time. People are being laid off. Yes, Iran is coming, so I believe this will add pressure on Canadian and American projects existing and potentially coming. Iranian oil is cheaper to extract. Saudis, Russia and Iran can take it as their oil is far cheaper costs wise. Fracking is being run on debt.

Chikot
Jan 14 2016 at 16:23
2299 ieraksti
Indexes are going nuts. I am short both Russell2000 and S&P500. Not the first time. should have stayed with my original position which was above 2000s. hope it will develop into some substantial move.

rob559
Jan 15 2016 at 08:02
1916 ieraksti
Chikot posted:
If I am not wrong oil already tested 29.70. I am not interested until there will be good pull back. but watching. I am waiting.


i predict that it is going down to 20$ ,you know that is because of the saudies ,they flooded the market to kill us oil

Chikot
Jan 15 2016 at 08:14
2299 ieraksti
I hope it will spike before droping to give some chance.
I think there has been overall large surplus in oil production including USA, but it was done in anticipation of economic growth which has not come. The crude is down so much not because of Saudis, but 1. Economy worldwide isi poor shape and getting worse = demand is not there
2. Too much oil on the markets now.
So, supply destruction via price down trend. Weak hands will leave the game.

Ari Goldman (arigoldman)
Jan 21 2016 at 15:00
907 ieraksti
25 coming i guess...

Chikot
Jan 21 2016 at 17:22
2299 ieraksti
Ohhh, I am afraid from the looks of that slop it might overshoot.
Generally trends are in retracement mode.

Chikot
Jan 22 2016 at 10:26
2299 ieraksti
Waiting time now. Brent by the way has already retraced $4 against major trend. Gas has been giving me fits. i closed the whole freaking trade by mistake. this is what getting up at night can do. what a pain. now gonna wait.

Chikot
Jan 22 2016 at 10:34
2299 ieraksti
dianajs
Jan 24 2016 at 07:51
823 ieraksti
Chikot posted:
Waiting time now. Brent by the way has already retraced $4 against major trend. Gas has been giving me fits. i closed the whole freaking trade by mistake. this is what getting up at night can do. what a pain. now gonna wait.


Ouch, that's happened to me too a few times. Which is why I have a firm rule not to trade during the night.

stian
Jan 26 2016 at 10:53
325 ieraksti
Seems that people are following Kuwait's OPEC Governor Nawal al-Fezaia hint that the oil-rich nation is ready to cut production (ready to cooperate if the rest of the oil producing countries will too). Doubt this will have any real effect on the oil markets. As we've heard a lot of talk before (from counties like Iran, Venezuela, Nigeria), and little action. And people are jumping in on a short term rally.

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