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Let s talk oil.
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benjidog
Supreme |
24-Feb-2016 23:56
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haha...it is quite interesting reading the bulls and bear go slap each other ... Based on Tue IPA report, bears went ahead to whack down to 30.6 at low...then IEA come out and Bulls' turn. http://www.investing.com/news/commodities-news/wti-oil-futures-trim-losses-after-weekly-stockpile-data-386274
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nyde1d1th
Veteran |
24-Feb-2016 23:48
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wah lao this kinda situation still so bullish.. |
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benjidog
Supreme |
24-Feb-2016 23:46
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Total commercial. petroleum inventories decreased by 5.0 million barrels last week. WTI futures recovered from low of 30.6 to now about $31.3....maybe more short covering on the way |
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benjidog
Supreme |
24-Feb-2016 23:42
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U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum. Reserve) increased by 3.5 million barrels from the previous week. At 507.6 million. barrels, U.S. crude oil inventories are at historically high levels for this time of year.. Total motor gasoline inventories decreased by 2.2 million barrels last week, but are well. above the upper limit of the average range. Finished gasoline inventories increased while. blending components inventories decreased last week. Distillate fuel inventories. decreased by 1.7 million barrels last week but are above the upper limit of the average. range for this time of year. Propane/propylene inventories fell 3.7 million barrels last. week but are well above the upper limit of the average range. Total commercial. petroleum inventories decreased by 5.0 million barrels last week. US Crude production fell by -0.033 mbpd to 9.102 mbpd, production is currently -0.183 mbpd lower YOY. https://t.co/r23M7s1ghk http://www.cnbc.com/2016/02/23/oil-prices-fall-as-opec-producers-squabble-over-output-targets.html |
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papayaface
Supreme |
24-Feb-2016 23:37
Yells: "This is the best time to enter....when everythings uncertain" |
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Wow. Crude futures recovering fast...... Dow going to follow turning up soon. Good luck |
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benjidog
Supreme |
24-Feb-2016 22:36
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wonder if API say inventory build but just my wild hope that IEA later (is it 11.30pm?) say surpprise inventory drawdown... so WTI shoots up on short covering.... so S& P jumps, DOW gets pulled up, and tomorrow STI jumps. |
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benjidog
Supreme |
24-Feb-2016 22:25
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Actually...why bother to go through all that " freeze" talks...if think OPEC wants oil to go to $20? Oil bounce UP will bounce down....until March (again Meeting again oil UP) After meeting...April bank review credit terms...strong oil producers and strong shale eat up weak shale through mergers & acquisitions. Then June OPEC.
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sheerluck
Supreme |
24-Feb-2016 22:15
Yells: "Work for your money first then let your money work for you" |
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11:30pm?
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erhaier
Senior |
24-Feb-2016 22:04
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oil mkt tahan till 10:30 reports. |
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jazzietan
Veteran |
24-Feb-2016 20:39
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Just continue shorting. Now i strongly bliv they want to crash it below $20...i may be wrongoso | ||||
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ShowMeMoneyp
Member |
24-Feb-2016 19:11
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You are right. The greater good does not benefit individual who already made a bundle during the boom. |
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sheerluck
Supreme |
24-Feb-2016 18:21
Yells: "Work for your money first then let your money work for you" |
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OPEC-Russia talk ended up no use. Market believe many will not adhere to the agreement, especially one or two of those key members already openly " laughed" off the proposal. Now US crude stock estiamte to increase 3-7mil....si liao, oil price will tank until more US shale si kiao kiao and stock level started coming down. In the meantime, OPEC just happy pump lucky. Any Saudi already said they are not out to kill US shale. They are want a balanced market. US shale need to go bankrupt frankly. Thye just need to come together and say to OPEC/Russia, ok let all agree on a cut and keep to our promises. I ma surprise those independently US oil producers didnt want to form a consortium to support any productino cut agreement. Frankly speaking producing one barrel less out of two and selling at US60 should be better off, righ (not?)? So these US shale producers must have something up their sleeves. Maybe those US shale coy bosses really just aim to reap as much $$$ into their pocket as possible and then let the shale industry collapse. They will still keep their millions as usual while their employees and the industry get decimated. Whether right or wrong, rich people also get away with fat pocket.
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jazzietan
Veteran |
24-Feb-2016 17:38
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Below 31, free falling resume
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jazzietan
Veteran |
24-Feb-2016 14:46
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Range now 31 to 31.5...rem stop loss hor
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jazzietan
Veteran |
24-Feb-2016 14:36
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Yes, its gd for trades now and we alr know its pattern..
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destinykraze
Elite |
24-Feb-2016 14:29
Yells: "Reality is only a matter of perception" |
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Likely to go back to $26-$28 again.... tired of this. If you can' t beat them. join them... |
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jazzietan
Veteran |
24-Feb-2016 13:56
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I also suspect later wti kena whack harder by US....i see $30 breaking soon | ||||
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sheerluck
Supreme |
24-Feb-2016 13:35
Yells: "Work for your money first then let your money work for you" |
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This oil price is not going anywhere. SA talk, price went up but when Market looked deeper, price dropped. Talk of US shale production hit hard, price went up but stock still went up, price dropped. It is simply roller-coasting. Those that who cannot tahan roller-coaster will eventually voimt and give up. |
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jazzietan
Veteran |
24-Feb-2016 13:24
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I suspects SA wish to see afew countries bankrupt first...suspect only cos no 1 know what their real game plan. But like said before, they are controlling range between 25-35 with their statement. Gd for trades, not long term
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ken777
Veteran |
24-Feb-2016 13:05
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The faster the problems come, the least the speculation and uncertaincy. The market will be least volatile. Hope is what the market is trying to have so you can see bull. Fear and uncertaincy is what the market created so you have bull. If you know the future of 5 years ahead, even in a time of recession will you panic? So best is to have all parties banging table and say " I surrender " the next day bull will come.
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