Crude Oil Prediction 2018

The hedge fund manager, who runs oil-focused Andurand Capital Management LLP, also went against the conventional view that triple-digit oil prices will dampen demand growth.

"So no, $100 oil will not kill the economy," he wrote. "And we need +$100 oil to encourage enough investments outside of the U.S."

A spokesman for Andurand declined to comment on the tweets, which were later removed from Andurand’s Twitter account.
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So this fund manager is trying to "tweet" the crude oil market upward....since he's long.
Hilarious.
Plus, he better go back to school for Econ 101....higher prices will likely dampen demand.
On top of that, we are "late stage" in this economic cycle....ominous for most commodities.
 
syswizard said:
So this fund manager is trying to "tweet" the crude oil market upward....since he's long.
Hilarious.
Plus, he better go back to school for Econ 101....higher prices will likely dampen demand.
On top of that, we are "late stage" in this economic cycle....ominous for most commodities.
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Late credit cycle is the most bullish time for commodities. It's the phase where start seeing a real squeeze on input prices. It comes from the tightness in the labor market and the peak in GDP. I'm VERY long commodities so I'm AM talking my book. Take a look at copper today. Long that as well.
 
Maverick74 said:
Take a look at copper today. Long that as well.
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I see that break-out....it's about time for HG. It's been stalled in a trading range for so long.
I remember when it was up to 4.0 at one time.
Late credit cycle is the most bullish time for commodities
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Yes, I've heard that before. However, I can see this cycle ending pretty quickly (trade protectionism and interest rates), so one must be nimble.
 
syswizard said:
I see that break-out....it's about time for HG. It's been stalled in a trading range for so long.
I remember when it was up to 4.0 at one time.

Yes, I've heard that before. However, I can see this cycle ending pretty quickly (trade protectionism and interest rates), so one must be nimble.
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Well, in theory, trade protectionism would make it even more inflationary. I suspect when commodities go parabolic those tarrifs will come off fast. In fact, I could see China f*cking us hard by buying up all the raw commodities all over the world (which they are already doing) and letting us drown when our domestic prices go vertical.
 
Interesting thought Maverick.....prices rise, then Trump renegs....and they go back down.
Sounds like a great trading opportunity to me.
 
syswizard said:
Interesting thought Maverick.....prices rise, then Trump renegs....and they go back down.
Sounds like a great trading opportunity to me.
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I don't see prices going back down. We might see a parabolic move in commodities that has not been seen in decades.
 
HG formed an inverse hammer pattern today......not good.
Still, it's made a $5000 move over just the past few trading days.
 
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