Crude is screwed, man.

Gotcha said:
LOL... I bet in 60 years that will be solved as well. The VR sex will be so amazing, you won't need a wife... and with no wife constantly nagging... you won't have the built up rage! :)

Its just that things are moving so fast now, and 60 years being so far out, I believe just about anything.
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lol funny, that's what we said all most 30 years ago ...
 
Oil services have given up the pre-OPEC deal premium. Halliburton margins are getting smaller. I hear they are putting older inventory to work with tin foil, a stick of gum and some toilet paper.

But in any case, I wish the folks along the Permian Basin all the best.

upload_2017-3-26_22-50-38.png
 
xandman said:
Oil services have given up the pre-OPEC deal premium. Halliburton margins are getting smaller. I hear they are putting older inventory to work with tin foil, a stick of gum and some toilet paper.

But in any case, I wish the folks along the Permian Basin all the best.

View attachment 172074
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Nice charts; 10 year OIH candle chart shows record buy/sell volume is@ $20-24/+ monthly candles.NOT a prediction; TX, New Mexico[Permian Basin] has plenty of non oil business, also.Thanks,Xandman.
 
Thanks, I hope people understand that I am not trying to jawbone a market direction. That would be ludicrous.

In fact, I have been going long the front tip of the Brent forward curve.
upload_2017-3-27_16-27-57.png


Just trying to share information and got some insight from our ET pros.
 
Buy1Sell2 said:
Oil mid-term bottom continues to gain strength here.
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NOT a prediction, oil [TX TEA]past 12 months, has been making higher highs,higher closes, 12 month low about $41/+................................................................................
 
Y'all better pray that OPEC extends if you're long. Because now all the longs that closed in March and flipped to shorts are starting to cover and flip back to longs. Bad timing on everything here. It is a mess.

OPEC just needs to go the hell away. Yes yes, we have the summer driving season coming up and refineries coming out of maintenance, but last year the summer demand was below expectations, and reaction was muted. *clucks* I dunno'. And then we may have more word on Trump's possible import tax by the summer. Frak!

I tried to post it here but its formatting sux. Just look at the report and compare it to previous reports.

http://www.cftc.gov/dea/futures/petroleum_sf.htm
 
Overnight said:
Y'all better pray that OPEC extends if you're long. Because now all the longs that closed in March and flipped to shorts are starting to cover and flip back to longs. Bad timing on everything here. It is a mess.

OPEC just needs to go the hell away. Yes yes, we have the summer driving season coming up and refineries coming out of maintenance, but last year the summer demand was below expectations, and reaction was muted. *clucks* I dunno'. And then we may have more word on Trump's possible import tax by the summer. Frak!

I tried to post it here but its formatting sux. Just look at the report and compare it to previous reports.

http://www.cftc.gov/dea/futures/petroleum_sf.htm
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What exactly is your thesis? Aren't you a daytrader? Why do you care? This thing was untradeable for 3 months when it was in a dollar range. At least now you have some volatility. Isn't that what you want? What do you want? LOL.
 
Maverick74 said:
What exactly is your thesis? Aren't you a daytrader? Why do you care? This thing was untradeable for 3 months when it was in a dollar range...
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No, I am not a daytrader. I am a swinger. I try to daytrade in between the swing bits, sure, but with all the crap coming up I am afraid to get back into the market right now on a swing basis, which then allows me to daytrade in between the swings.

I am being overly cautious, yes. But I cannot lose what I don't put in the middle.
 
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