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Let s talk oil.
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yNotcool
Member |
23-Feb-2016 19:08
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http://www.straitstimes.com/business/factory-activity-falls-sharply-in-japan Preliminary pmi for Feb for Europe and Japan if true will be weakest since oil since 2013 before oil crisis start. How will China pmi widely look after pmi fare? Next week we shall know. If confident can continue to buy. If not get your bullet ready for big scoop in march |
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victortan
Elite |
23-Feb-2016 19:01
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I think oil will turn by soon later, watch it.
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victortan
Elite |
23-Feb-2016 18:59
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U think oil has become slippery, u are mistaken, I see a strong trend building up. Ples dyodd |
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jazzietan
Veteran |
23-Feb-2016 14:07
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  below an eg/ explanation how uco(2x) & uwti(3x) leverages works...i copy paste from somewhere, just to share For eg wti now is $50, and uwti is $100,  tmr, wed,  when wti up 10%, so wti become  $55, uwti will be ard $130 (3x leverage). But if on thursday  wti fall 10%, the new uwti price will be ard $91 ($130 x  0.7). So even when wti go back to previous base price, uco & uwti wont go back to theirs bcos of the so call leverage and  daily reset. So sad to say holders for both uco& uwti will keep losing $$$ unless super bull wti rally.                                                                                                                                                                                                                                                                                                                                                                                  
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jazzietan
Veteran |
23-Feb-2016 13:41
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Short oil | ||||
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benjidog
Supreme |
23-Feb-2016 07:54
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https://sg.finance.yahoo.com/news/high-supplies-seen-capping-oil-111106552.html   |
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makdatok
Supreme |
23-Feb-2016 07:53
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US shale production starting to show weakness..
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nyde1d1th
Veteran |
23-Feb-2016 07:47
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dunno what was the reason for the rally....short covering? |
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benjidog
Supreme |
23-Feb-2016 07:47
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http://www.reuters.com/article/ceraweek-opec-idUSL2N1611PI http://www.nytimes.com/reuters/2016/02/22/business/22reuters-ceraweek-glut.html?_r=0   |
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jazzietan
Veteran |
23-Feb-2016 06:54
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U see wti past $33 but uwti, uco and to some extend uso also nvr move up that much anymore cos these are highly leverage. Gd only during real boom rally. The more it ding dong, more it loses its value | ||||
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jazzietan
Veteran |
22-Feb-2016 21:18
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Tight fight | ||||
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erhaier
Senior |
22-Feb-2016 08:48
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roll over to Apr futures contract effect... didnt spike..
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blurtrader
Master |
22-Feb-2016 08:44
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crazy up
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Lucky03
Elite |
22-Feb-2016 07:45
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Correction, US$31.90, not US$21.90. Moderating to US$31.75 now. Still up about US$2.16 or 7.3%.
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Lucky03
Elite |
22-Feb-2016 07:35
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Crude price spiked to open US$21.90, US$2.40 up from closing of US$2.59 in US last Friday.
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Lucky03
Elite |
22-Feb-2016 06:50
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Top Oil States to Complete Output Talks by March 1, Russia Says
By Elena Mazneva - 20 Feb 2016, 7:58:31 PM Major oil-producing nations, seeking to curb a flood of supply that?s cut prices almost in half in the past year, agreed to wrap up talks on capping output by the start of March, according to Russia?s Energy Ministry. ?We agreed that all consultations should be completed by March 1,? Energy Minister Alexander Novak told state TV on Saturday. Countries publicly supporting the deal export about three-quarters of the world?s crude, so it ?would be a positive signal? for the market, Novak said. Saudi Arabia, Russia, Venezuela and Qatar reached a preliminary agreement in Doha on Tuesday to freeze output at January levels if other states join them. The deal?s success hinges most notably on the attitude of Iran, which has vowed to raise production by 1 million barrels a day after sanctions on the nation?s exports were lifted last month. Iran Constructive Iran was ?constructive? on the Doha outcome, although the country hasn?t made any statements on whether it may join the pact, Novak said. Consultations with nations that aren?t members of the Organization of the Petroleum Exporting Countries are also possible, he said, when asked about Mexico and Norway. Talks with OPEC on cuts also aren?t ruled out if the market worsens, Interfax reported Saturday, citing Vladimir Voronkov, Russia?s envoy for international organizations based in Vienna. While the Doha pact was the first coordinated action to counter an oil slump by the two-largest producers in more than a decade, Saudi Arabia and Russia both pumped almost record levels of crude last month. An output freeze is the start of a process that could lead to other steps in coming months, Saudi Oil Minister Ali al-Naimi said after the talks. ?We?ve worked out a common position,? Novak said, commenting on the deal. ?We discussed various options, including doing nothing and cutting production.? An oil price at $50 a barrel is acceptable for exporters and consumers over the long term, he said. Brent crude, a global benchmark, traded at about $33 on Friday after dropping 45 percent over the past year.
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victortan
Elite |
22-Feb-2016 01:51
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I believe oil will do well coming week, with countries agree to freeze production at Jan level. Well, if they dont agree strongly' more or less, they would not have bother to take the trouble meet and discuss, isn' t it? I believe they can no longer withstand oil at this current price to balance their budget. And i believe data out of China will get better, and with China inject cash into the system ,the data can only get better. Hope so. |
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famouspinky
Supreme |
20-Feb-2016 23:19
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Lol
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victortan
Elite |
20-Feb-2016 17:10
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http://www.cnbc.com/2016/02/18/trader-who-called-for-26-oil-now-predicts-this.html this guy too predict oil at 38. |
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victortan
Elite |
19-Feb-2016 22:36
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Get back again,, hehehe. dyodd
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