5% - 10% profit per day trading

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my experience has shows that the market makes unexpected moves. If you study materials you will know that when big funds buy, normal market participants are not aware because they usually buy on downticks with huge volumes.

Net longs have increased. One simply cant go wrong buying at these rates. Simple as that. The recession or anything does not matters. Some of the biggest and richest countries as well as rich and influential people simply cant survive at these rates. Fundamental & technical analysis aside. Rates will go up
 
maybe only after obama's inauguration thigns will start moving again,

this guy on cnbc said take first half of year off, all the action in 2nd half.

this sucks, i am only doing 200 dollars a day now, barely enough to pay rent and bills
 
I think the recent fall from $50 is more a reflection that the Israel/Gaza invasion hasn't looked like escalating into something wider.

As soon as we see an uptick in the US economy then the only way is up for oil imo.

who knows where to, $147 was unthinkable 18 months ago.
 
Quote from candles:

Heads up to the UK traders in this thread.
Programme tonight on BBC2 - Million dollar traders.

Its supposed to be a bit like 'the aprentice' but they take some people who dont know a thing about the market, train them for 2 weeks, give them a load of money, and see how they do. Should be good.
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hahah mate i watched this show this evening it was quite good haha
 
Here in the US there were Congressional hearings last summer where a honcho from Morgan Stanly told the commitee that the financial instututions were not driving up the price of oil with their speculation. They lied.

On 60 minute on Sunday they said that MS's futures position via private exchange oil swaps was 20 times the largest physical user of oil, a la Enron.

Monday the IBs than have take TARP money were told by Obama and Congress that they had been given bailout funds to save them from bankruptcy make loans to consumers and businesses, not to play with derivatives and competitor takeovers.
 
Quote from spanish89:

FUCK!!!!!!!

The fucking thing has just dropped 40ticks in the 1st 15mins of asian open!!
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There is a very good chance, you're going to get smoked big time. 75% of the time of late, crude moves with SP 500. And if that continues its trek towards 850, 800, look for crude to be near 30 bucks.

Be patient...test at 35$, 30$. But I see no sustained bounce unless sp500 makes a sustained bounce, and that usually begins after a vicious drop...(25 or more points).

In this type of enviroment, most assest classes move together, dont forget that.
 
Crude Oil Falls for Sixth Day on Concern Stockpiles Are Rising

http://www.bloomberg.com/apps/news?pid=20601087&sid=aOgtb55xDvP0&refer=home

1) Jan. 13 (Bloomberg) -- Crude oil fell for a sixth day in New York, its longest decline in a month, on speculation that slumping demand caused U.S. crude inventories to accumulate.

U.S. crude stockpiles probably gained 2.25 million barrels in the week ended Jan. 9, according to a Bloomberg survey before an Energy Department report tomorrow.
That would be the 14th gain in 16 weeks. The U.S. economy will contract 1.5 percent in 2009, a monthly poll of economists showed.

“The U.S. inventory build-ups have been massive,” said Eugen Weinberg, a Commerzbank AG analyst in Frankfurt. “Coupled with weak economic data, they are keeping near-month prices under strong pressure.”


2)
China, the world’s second-largest energy user after the U.S., increased crude-oil imports by 12 percent last month as the country took advantage of falling fuel purchase costs to boost stockpiles.

Imports rose to 14.37 million metric tons from a year earlier, the Beijing-based Customs General Administration of China said on its Web site today. Full-year imports increased 9.6 percent to 178.9 million tons.

3) Commodities Drop

Most commodities declined yesterday because of falling demand for raw materials, with corn, soybeans and wheat dropping the most allowed by the Chicago Board of Trade in a single day. The Reuters/Jefferies CRB Index of 19 commodities slid as much as 4 percent.



4) U.S. crude-oil and fuel inventories probably rose last week as refineries reduced operating rates and the recession curbed consumption, a Bloomberg News survey of analysts showed.

5)
Crude-oil stockpiles probably increased 2.25 million barrels in the week ended Jan. 9 from 325.4 million the week before, according to the median of eight analyst estimates before an Energy Department report this week.

Gasoline Stockpiles

Gasoline stockpiles probably rose 1.5 million barrels from 211.4 million, according to the survey. Supplies of distillate fuel, a category that includes heating oil and diesel, probably climbed 1.5 million barrels from 137.8 million.
 
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