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Let s talk oil.
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victortan
Elite |
04-Apr-2016 19:41
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i may try to long oil later, wish me luck. |
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victortan
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04-Apr-2016 19:39
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nat gas cross 2.0 finally, swee swee, |
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Octavia
Supreme |
04-Apr-2016 16:18
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Languish sideways for most of the day...looks like trending upwards now. Hope to see $37-38 again this few days. |
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victortan
Elite |
04-Apr-2016 15:17
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if 35.12 shd ever come, just short it, it is game over for now for oil. wth. good luck.  |
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benjidog
Supreme |
02-Apr-2016 01:16
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The US oil rig count fell by 10 to 362 this week, according to driller Baker Hughes. The oil rig count last week fell by 15 to the lowest level since November 2009. The gas rig count dropped 3 to 92, taking the total tally down to 464. . Combined, the count hit a record low last month..
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benjidog
Supreme |
02-Apr-2016 00:41
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Think if Rig Count tonite show more  rigs cut ...may push up... But rig count comes in  after WTI close...so  limited effect... so far..saudi prince' s comments win liao...damper brake on WTI tonite...    |
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benjidog
Supreme |
02-Apr-2016 00:36
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Just some notes   S& P Downgrades China & Hongkong - politically motivated or real fundamentals? downgrades China state oil firms http://www.cnbc.com/2016/04/01/sp-cuts-china-state-oil-firms-outlook-to-negative.html   And yet again.... read this on China' s demand for oil Fueling the dragon: China' s race into the oil market ------ http://www.iags.org/china.htm China is World' s top oil net importer of oil & liquid fuels ----  http://www.eia.gov/todayinenergy/detail.cfm?id=15531   Ask yourself...what all this BS about oil invenories, oil production and oil prices?   Near term (Now  to 17  April 2016...(Doha OPEC& Non-OPEC oil prodcers meeting---lots of volatility and posturing)...then oil either trends up to 60 (4Q 2016) or no freeze...then trends lower for longer... 2017 --- some new BS nonsense will evolve....maybe Trump  effect...maybe Iran nuclear deal  backtracks due to notti Iran breach nuclear deal conditions....or  IS attacks pipelines...   On Oil prices https://sg.finance.yahoo.com/news/oil-prices-fall-stronger-dollar-003213118.html http://www.cnbc.com/2016/04/01/us-markets.html .   |
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victortan
Elite |
01-Apr-2016 23:43
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I dont see it go to 36.5, i cut loss early, i will initiate position soon. |
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1oopls
Master |
01-Apr-2016 22:17
Yells: "I love my evil cute cute darling" |
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When oil px go dwn, don' t fear, load up. Remember January |
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redguard166
Member |
01-Apr-2016 22:15
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Yes exactly. They are selling off their limited national natural resource at historical lows. Might as well wait it out and sell it when price normalise. Probably what the U.S. is doing by cutting down rig count. Seriously damn pissed at helpless at the fact that opec is headed by a suicide bomber
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Qanghoo
Supreme |
01-Apr-2016 22:01
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I think this defending mkt share thing is not tenable.  How long can they do it without piling up debt which is something unusual n detrimental to SA n more likely than not create economic n social instability if low px prolongs.  They' d sooner be blowing themselves wth the suicide bomb.  So, I feel quite sure they' ll have to come up with some solution to normalise px sooner rather than later.  Don' t think SA or Russia cld withstand oil at this px for much longer, even if they COP is low. 
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redguard166
Member |
01-Apr-2016 20:58
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I saw news that the Saudis are going to only freeze output if the Iranians are going to do so as well. So if the Iranians want to guailan you will see the whole of Middle East bring their suicide bombing tactics into the oil market to kill everyone else for the sake of their market share preservation. | ||||
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jazzietan
Veteran |
01-Apr-2016 20:17
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No worry. Long oil
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victortan
Elite |
01-Apr-2016 18:08
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look bad, for now.
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makdatok
Supreme |
01-Apr-2016 16:40
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We MUST read things b4 it happens...dont be a lag..be ahead..eheem | ||||
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victortan
Elite |
01-Apr-2016 16:39
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I am long oil here, 39.2, tg, nt 39.5, closer to 40, but chances slim. |
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makdatok
Supreme |
01-Apr-2016 16:37
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US shale will start to drop incrementally from now...thats for SURE...good time ahead.. | ||||
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benjidog
Supreme |
01-Apr-2016 11:09
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This may  explain why US oil inventories keep going up even though there is already glut   http://www.bloomberg.com/news/articles/2016-03-31/the-u-s-is-a-big-oil-importer-again |
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Octavia
Supreme |
01-Apr-2016 10:36
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History points to a good month ahead for oil.http://www.cnbc.com/2016/03/30/history-points-to-a-good-month-ahead-for-oil.html |
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victortan
Elite |
01-Apr-2016 00:35
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exactly on 39 then reverse, like I know it movement. Next week 42/44 yep, dont believe just watch. 
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