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Let s talk oil.
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earlybird14
Supreme |
10-Feb-2016 20:41
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Chart is long favour now.
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earlybird14
Supreme |
10-Feb-2016 20:33
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http://www.cnbc.com/2016/02/09/oil-prices-rebound-from-sharp-selloff-more-volatility-expected.html
EIA inventory later at 11.30 |
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jazzietan
Veteran |
10-Feb-2016 16:23
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https://getstarted.tradestation.com/newaccount/GetStarted.aspx?offer=3045ADJI&aid=11539003&pid=5343113
Wti futures
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jazzietan
Veteran |
10-Feb-2016 16:15
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http://commodityhq.com/commodity/energy/wti/#stocks
Pls read up, decide for urself
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jazzietan
Veteran |
10-Feb-2016 16:09
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https://m.splithistory.com/uco/
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jazzietan
Veteran |
10-Feb-2016 16:07
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Sorry cant advice. Im also long on uso....think its the best of the worst of oil etfs. Etf not a gd idea for holding long cos of leverage...esp when its price fall further, the issuer may make a reverse spilt, though on paper it looks same but pple will short it further and its price erode fast...then left with little or none. Uwti and uco had done few reverse split in the past, so far only uso have not. But if both oil and uso prices fall further or remain subdued, theres a high probability it will do a reverse spilt too...have not done does not equate will not in the future. That is why im warning pple to do self home work b4 so call investing, know its cons & pros of etf and dun just listen to any1 buy "abc" and buy blindly
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sriramanv
Master |
10-Feb-2016 15:14
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Bro, I have a question,i long on USO. if you say ETF is not a good idea, what is good to take position in oil? Any advice appreciated.
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jazzietan
Veteran |
10-Feb-2016 14:11
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Yes as i said 20 is becoming reality. Likely will go there as no trust also btwn SA and us shale oil coys...every man for himself...gd to watch
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sheerluck
Supreme |
10-Feb-2016 14:08
Yells: "Work for your money first then let your money work for you" |
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What I gathered from Bloomberg is some US oil coys can still be profitable from $23 onwards.  Not many though.  But even at $30, many of those not profitbale ones are still operating.  So $20 is possible if SA really wants most of them out.  So oil can go to below $27 possible.  But if US shale " zitong" a bit, then no one needs to go there. |
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jazzietan
Veteran |
10-Feb-2016 14:05
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Haha
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Goldfinger
Supreme |
10-Feb-2016 14:02
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Hope it hits $20 and stays there forever and a barrel of oil is cheaper than a bottle of cheap wine | ||||
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jazzietan
Veteran |
10-Feb-2016 13:56
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Sad it wont stay below 30 forever...petradollar war is raging. Eu wants to pay in euros, prc in rmb etc though for now its still usd standard. Maybe a war will break out cos of petradollar?
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Goldfinger
Supreme |
10-Feb-2016 13:51
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Actually - ultra Low oil prices are good for the third world and resource scarce countries and their economies, and terribly bad for the oil exporters who have held the world to ransom at times in the past - dunno why people should be too sad about that.. 🙃 | ||||
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jazzietan
Veteran |
10-Feb-2016 13:47
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My guess is after tonite report, they going to sell down oil...just my 6th sense...the rebound is very weak. Dyodd
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jazzietan
Veteran |
10-Feb-2016 13:40
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Though i holding some for long...i see $20 is becoming realistic. Not sure $10 but some analysts are saying low is $10 and $30 will be the new norm. U guys research yourselves...im getting ready for $20, but if $10 is like end of the worlds. Oil crisis main factor is geo political, same for precious metals...its key for top world power | ||||
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jazzietan
Veteran |
10-Feb-2016 13:33
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Yup. Thats why i said just short oil, buy abit to long. Any rumours on talks to nego output will rebound, then dip further. Btw, to me oil crisis not only cos of supply glut it is due to Fed and usd also
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sheerluck
Supreme |
10-Feb-2016 13:31
Yells: "Work for your money first then let your money work for you" |
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Head and shoulder + oil producers all talk no real actions (mainly lacking from teh SA side).....I think $27 might come again.  see if EIA data makes it come true. |
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paranomic123
Veteran |
10-Feb-2016 13:18
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Guys, didn' t see the pattern?  Everytimes it rebounds, the next low will be lower...
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jazzietan
Veteran |
10-Feb-2016 12:09
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http://www.bloomberg.com/news/articles/2016-02-09/new-sec-rule-proposals-aimed-at-etfs-may-chase-investors-into-etns | ||||
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jazzietan
Veteran |
10-Feb-2016 11:23
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ddnum.com/articles/leveragedETFs.php
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