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Let s talk oil.
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victortan
Elite |
24-Mar-2016 13:33
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I profited from this short trade and sell down. but i m long today.lol |
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newbie24
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24-Mar-2016 09:35
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The surge this week came because U.S. imported more oil than expected, isn't that a good sign? Shale seems to be dying, and I doubt they will restart it until oil prices stabilise. Don't believe big corporations will dare to venture with peanuts as profits. Fall in oil last night seems overdone, just my opinion. | ||||
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littleones
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24-Mar-2016 08:39
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It is not so simple as that. An oil company may decide it is not viable to produce oil at 40usd and below and stop production. But to start up production again, oil will need to be priced higher for it to be economically viable because of all the start up costs
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sharenewbie0301
Veteran |
24-Mar-2016 06:54
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Congrats bro. Oil really went down as you said. Too bad I didn't short last night
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ken777
Veteran |
24-Mar-2016 00:18
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Let talk sense then. Production freeze stop over supply?  Oversupply of production is still on going even with a production freeze. So let state a theory, a production freeze cap raise the price and it will mean it profitable again to produce oil. All those oil company are going make a comback and produce a bigger supply.  Then again, the cycle repeat with the fight of market shares until you see a balance of supply and demand. As long as supply greater than demand prices is not going anywhere higher. So volatile is what going happen very soon if you see oil prices shooting. Gravity is the law of fundamental, the faster it goes up the faster it come down.   
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Octavia
Supreme |
23-Mar-2016 23:15
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Not too fret too much abt the volatility...oil px alrdy come off from 13 yrs low,Fed is more dovish with interest rate hike making USD cheaper, helping to support oil px and indirectly also helpimg to   curb money outflow from China.The oil majors can still put out a rabbit out of its hat at the Doha Meeting. Traders like volatile market as they can make more money. |
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victortan
Elite |
23-Mar-2016 23:11
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But jmo, that oil is gg dwn by end Q3 in a big way.LOL, but that is not now. |
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victortan
Elite |
23-Mar-2016 23:10
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If one opinion that oil is heading down long term , he should go short, after reading this piece of good news, LOL
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Octavia
Supreme |
23-Mar-2016 22:46
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Oil Drops To $40 Handle After IEA Warns Production Freeze Is " Meaningless"
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victortan
Elite |
23-Mar-2016 22:09
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I think close to a dollar shd not be a problem as oil soar. Ezion is OK. JMO.all by Q3
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1oopls
Master |
23-Mar-2016 21:51
Yells: "I love my evil cute cute darling" |
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waiting for the next push |
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whymee
Veteran |
23-Mar-2016 21:38
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Hi Victor, can views on Ezion ? high volume recently but px didn' t move much , thx 
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victortan
Elite |
23-Mar-2016 21:24
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Dont worry guy n gal, short term does not means it is done. I am optimistic till end Q3. It is not over till it is!!!!! |
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victortan
Elite |
23-Mar-2016 21:18
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I got alert n look into my phone then realize my short trade is ON. LOL too bad 40.70 is broken. |
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victortan
Elite |
23-Mar-2016 21:16
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turn short already, but oil is still bullish till Q3. for now only lah. ealrler already know 42$ is tough when it was 41.5X, i told u , didn' t I? |
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victortan
Elite |
23-Mar-2016 19:53
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aiya, typo error. 41.20 lah.
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victortan
Elite |
23-Mar-2016 19:52
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Tee Kong Poh Pi wo men, 40.20 clear, we got chance to see 42$.
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victortan
Elite |
23-Mar-2016 19:07
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I means long.
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victortan
Elite |
23-Mar-2016 19:06
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41.20 is worth a bet.LOL |
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victortan
Elite |
23-Mar-2016 18:31
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cut loss and out first and see, short also risky now, unless it brk 40.7 |
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