20 reasons why Oil to NEVER hit $135.00 again...dated: May 22, 2008

Quote from increasenow:

thanks Gyles...I honestly just love studying and researching (and trading) the Crude Oil market...I enjoy seeking to understand the correlation between OIl, Euro, Dollar and equity prices and various world situations that effect Oil prices...based on everything I have read and researched and my 'gut' feelings/thoughts on it...I felt to put together 20 reasons why...you know...GO OUT ON A LIMB:)
I know many are more informed and more knowledgable but these are my best thoughts at this time...and of course, everyone should always do their own research before trading and never just take somones opinion...I do want to keep adding to this thread various Crude Oil trading etc. related information...please keep the great information flowing on this thread...thanks again and best trading to you!!

To Gyles...do you trade CL?
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increasenow, that was a good answer. It reflected on your sense of adventure & intellectual thinking. :) I agree in your words regarding the ideas & methods. Since, you had mentioned that you like correlation between oil & currency, please have a look at the following threads:


With regards to the question of trading CL (Crude Oil), is that right now I am not trading it. However, I might do so in the future, once I build my systems. Moreover, I need to pool in money to have enough for trading purpose. Since, trading with a $10,000 account is tougher than with a $50,000 one, as chances for success are more with a larger account.

We reciprocate the wishes for trading to you, too, increasenow. :)
 
hey guys...many thanks to the positive replies to my "after $135.00 reply"...much appreciated...appreciate your insight on CL and trading in general...MAN, I am more interested in the Oil market than ever!!!...SO...WHAT happened on thursday and friday?I am driving and using my handheld palm treo and the CL is up like $11!!!!! you got to ask..when will it stop?what are you hearing and reading?can it really hit 150 or 200?did the employment numbers friday and the dollar getting hammered effect Oil prices that much? you still gotta think there is a big oil bubble burst out there...your thoughts?..thanks again for the posts...
 
Quote from Gyles:

increasenow, that was a good answer. It reflected on your sense of adventure & intellectual thinking. :) I agree in your words regarding the ideas & methods. Since, you had mentioned that you like correlation between oil & currency, please have a look at the following threads:


With regards to the question of trading CL (Crude Oil), is that right now I am not trading it. However, I might do so in the future, once I build my systems. Moreover, I need to pool in money to have enough for trading purpose. Since, trading with a $10,000 account is tougher than with a $50,000 one, as chances for success are more with a larger account.

We reciprocate the wishes for trading to you, too, increasenow. :)
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thanks Gyles for the post and great threads...great stuff...best to you!
 
CL reminds me of silver in 1980..

Finally Volker imposed a liquidation only market.

I suspect the Feds. will do something if we get past $150

the economy is near collapse as it is.
 
Quote from increasenow:

hey guys...many thanks to the positive replies to my "after $135.00 reply"...much appreciated...appreciate your insight on CL and trading in general...MAN, I am more interested in the Oil market than ever!!!...SO...WHAT happened on thursday and friday?I am driving and using my handheld palm treo and the CL is up like $11!!!!! you got to ask..when will it stop?what are you hearing and reading?can it really hit 150 or 200?did the employment numbers friday and the dollar getting hammered effect Oil prices that much? you still gotta think there is a big oil bubble burst out there...your thoughts?..thanks again for the posts...
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israel said that they will bomb iran if they don't stop building their nuclear facilities. they basically said they felt and attack was unavoidable at this point.

so it was that combined with the ECB rate hike coming, fed not hiking rates anytime soon due to economy sucking, and shorts getting their balls squeezed off after the israel news. i have the feeling that any attack would cause the oil market to completely lose it and have a mega blow off top/short squeeze which could lead to the top of oil. would be great for trading...hopefully :p
 
Quote from robbie380:

it's not that bad. don't be melodramatic. :)
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big banks and now regionals are flat on their backs

airline industry is a basket case

homebuilding is off a cliff

The Fed. is buying D credit card paper at par (should be rated D) or triple F..

the Dollar is confetti..

you're right, it ain't so bad
 

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from CNN.com read this.."Japan's energy chief launched a meeting of ministers from the world's top industrialized nations Sunday by warning that soaring oil prices could trigger a global recession if they're not checked."
 
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