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Let s talk oil.
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sharenewbie0301
Veteran |
02-Mar-2016 22:25
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For me it's just go sleep. Tomorrow I decide
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victortan
Elite |
02-Mar-2016 22:12
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But oil and O N G keep soaring, do you join them or stand in front of a moving train?
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makdatok
Supreme |
02-Mar-2016 22:10
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The reality is...shale will lose to saudi...US shale production will fall...even at $40,new shale wont come in line...what "they" want us to believe is...new tech manage to bring down d breakeven to 40....thats only their propaganda in order either to continue receive funding,weaken saudi resolve..or whatever reason...so...theres only 1 result...most US shale will be crushed...only a fittest few will survive...eheem | ||||
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victortan
Elite |
02-Mar-2016 22:09
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https://www.dailyfx.com/crude-oil can u see double bottom, 
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victortan
Elite |
02-Mar-2016 22:08
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now 34 again.:) double bottom.
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victortan
Elite |
02-Mar-2016 22:04
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10.30 after EIA, see how,  |
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beginners
Veteran |
02-Mar-2016 21:47
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Thks bro. I always heard news say surplus. But I just can figure out or find any news explaining the surplus is referring to producer or Consumer side.
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benjidog
Supreme |
02-Mar-2016 21:46
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Another news of cut in CAPEX by oil BB. http://www.marketwatch.com/story/exxon-mobil-to-cut-2016-capital-spending-by-25-to-23-billion-2016-03-02?mod=BreakingNewsSecondary  |
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jazzietan
Veteran |
02-Mar-2016 21:34
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U hv a pt. But it cant go up too fast else shale will be bk, defeat purpose. I still think most 35 for now...still range then traders swing and swing yo and yo lor
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sharenewbie0301
Veteran |
02-Mar-2016 21:33
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Surplus I think it's bought and stock up. Inventories full of oil now.
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victortan
Elite |
02-Mar-2016 21:32
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exactly, that is why u got to have stop loss, if all smart, i wont be here, small timer to the mkt, even 85b top billionaire also small for mkt. the world mkt is some 60Trillion,
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sharenewbie0301
Veteran |
02-Mar-2016 21:31
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Ah... Sounds possible. I agree with you. I'll observe first
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victortan
Elite |
02-Mar-2016 21:29
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mkt is forward looking, u see whenb QE start was the economy OK? no of course, but stock rally first, why? mkt think 6 mths ahead. And that is what the mkt are thinking now, with Russia n ME contries toking abt freeze and so on, soon a deal will be strike for sure, that is how mkt work. Look the oil is getting stronger. I believe 34.5 tonite easily.
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beginners
Veteran |
02-Mar-2016 21:26
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Not sure how it works. The surplus is on the oil producer side? Or the oil surplus is on those that keep buying on cheap/Low price? | ||||
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jazzietan
Veteran |
02-Mar-2016 21:25
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I sense strange....feel maybe pump n dump....maybe now they want to pump wait agreement fail they dump....my guess nia. But this time i sideline
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jazzietan
Veteran |
02-Mar-2016 21:23
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I no exp, rely gut feel nia. U see now spot cross 34 agn....consider bery strong support...we retailers wont know what big bosses what to make. Some more oil very volatile, u want to monitor 24hrs or sleep soundly?
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benjidog
Supreme |
02-Mar-2016 21:20
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Yes...API show big build in US inventories and yet oil stays around $34...why ? Is it ...later  EIA show smaller  build or surprise surprise....or decline in  gasoline stocks...then really hit $35.           
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sharenewbie0301
Veteran |
02-Mar-2016 21:18
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Ah... Ok thanks sis. Hm. Not that I like to short oil but I see all the conditions like same. Still surplus in supply of oil . no concrete agreements on freezing supply . then again, I may be wrong. So I'm seeking your opinions here as you guys have more experience in oil
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jazzietan
Veteran |
02-Mar-2016 21:13
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U shld ask Risktaker, he like to short oil...he is a shortist. U also funny leh, why alw think of shorting oil? I see wti support stronger this time leh...how kena whack still nt below 32 as yet, now short got meat meh?
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sharenewbie0301
Veteran |
02-Mar-2016 21:04
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Hi if 33.6 break advisable to short? Now conditions all the same as previously
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