Image wouldn't post. Darn.
Hey how about this one? Business Suit and Bow Tie optional.
Hey how about this one? Business Suit and Bow Tie optional.
TOP 100 best indicators: post good indicators here 646 replies
The Right Trade to Make If You Are Targeting $100 Oil, by Kathy Lien 1 reply
Dislikednarafa! good to see you my friend!
so back to OPEC, they control the supply side, yes, but they can also go into the futures market like any trader can. i am sure they have been trying to short this thing, this is so freakin bad for them! at this rate there will be an alternative to oil within 5 years LOL
looking from a trading standpoint, oil markets look ripe for a hard fall. im not crazy enough to go shorting it right now (obviously you are LOLOL), but we are at a point where the market is gathering "weak longs" (weve been here before, twice i think LOL). in a few weeks/months there will be enough weak guys on board to create a panic when prices retreat. ...is it me or have we had this same exact conversation before? LOLIgnored
DislikedGuys, what happened to trading WITH the trend and never trying to pick tops? I'm sure there are going to be some shorting opportunities along the way, but the trend is unmistakably uni-directional and we are in uncharted waters in terms of price so there are no reliable resistance levels.
Good luck to all of you who are shorting this most powerful of up-trends, but don't get caught with your overalls down or, much like in jail, you'll get f*&%ed.
merlin, don't bet on an alternative to oil being found so soon... Some of the most basic laws of physics are against you, and I think OPEC is quite aware of that. Contrary to the beliefs put forward by some people in this thread, OPEC is not a group of inept idiots - they are one of the most powerful organizations in the world whose leaders are some of the best educated people in the field, so rest assured they know what is in their best interest - much more so than you and I.Ignored
DislikedGuys, what happened to trading WITH the trend and never trying to pick tops? I'm sure there are going to be some shorting opportunities along the way, but the trend is unmistakably uni-directional and we are in uncharted waters in terms of price so there are no reliable resistance levels.
Good luck to all of you who are shorting this most powerful of up-trendsIgnored
DislikedDid anyone short that move last week? This could be the long awaited correction. Any thoughts? Important 50% fib is at $100.00.Ignored
DislikedIf it is, as you say, mostly unidirectional, a correction and an uptrend..
then why are you looking to short instead of buying a dip?
I'm curious more from a behavioral standpoint than whatever FA or TA or not may be behind it, really.Ignored
DislikedSometimes a particular station, if it is privately owned, has a beef with the oil company they are aligned with. So they keep the price the same for long periods of time above the prevailing market to stifle gas purchases to try to get out of the contract so they can get a better, profitable deal from another oil co.Ignored
DislikedIt's interesting how this thread's title still makes sense, but in the other way now.
Ignored
Dislikedmaybe the other nonsense number should be $250 now
maybe that will be the target,
but why nonsense?
it makes sense, since the production is slow, and the Demand is high on the fuel.
so i think we will see not just $250, a way higher price will be within 10 years in my estimations.Ignored
DislikedIt's interesting how this thread's title still makes sense, but in the other way now.
Ignored
Not calling this trend for an end, as price could do whatever it want regardless of any analyze, but from an technical point of view, short looks tempting below/from 121 $.
If so, would 110 $ followed by 100 be unreasonable ? Pure speculation of course.
Also noticed that this monthly candle have been the biggest bear-candle since 2002.
I must admit that I'm looking forward to see how oil-prices develop over the next weeks.
Wouldn't it be fun to enter short a few days before an potential energy crisis lol?