Just a thought here but could oil hit 100 at or almost the same time EU hits 1.50? And if so what kind of sell off would that be?
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The Right Trade to Make If You Are Targeting $100 Oil, by Kathy Lien 1 reply
DislikedJust a thought here but could oil hit 100 at or almost the same time EU hits 1.50? And if so what kind of sell off would that be?Ignored
DislikedProbably about the same massive selloff we experienced when oil hit 60-70-80-90 ...... There wasn't one.Ignored
Dislikederr, where were you when oil sold off for 25 bucks after breching $70? unless your timeframe is a decade, that was a "massive" selloff:Ignored
DislikedI also own a wholesale engine business. I sell to other shops. Have had the business for over 20 years. Well. we end up collecting a lot of used motor oil. In the past, we have had to pay to have someone come and pump out the tanks and take the oil away. I usually have this done once a year. Well, this week they came and pumped out the tanks and they gave me a check for the 200 gallons they pumped out. I guess I went long oil and did not even know it.... LOLIgnored
DislikedEven if there was a selloff at $70 was it because it hit a meaningless round number or was there a fundamental reason?Ignored
DislikedWell, this week they came and pumped out the tanks and they gave me a check for the 200 gallons they pumped out. I guess I went long oil and did not even know it.... LOLIgnored
DislikedOil is about to go into a bit of a retreat now. The dollar is set to get stronger vs. the high yielders as equities continue to sell off and oil will continue to move inversely to the dollar.Ignored
DislikedNot sure about the tail/dog thing Phil-my opinion is that since oil sales are denomimated in dollars, it's where the dollar goes that moves oil.Ignored