Crude oil seems not good at the moment

it is good almost every single day.

do not fear if it suffers massive fall, or
if it goes all the way to the moon or
if it goes negative again.


Its day range is rather huge. so it is very good for
day trading.
 
HunterD said:
Seems will suffer a fall
What do you think?
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My opinion temporary choppiness on the way to $80 at some point. However, I sold most of my high volatility Oil stocks this week. Choppiness can create new entry points at any point, the range can be played on many stocks taking into account Oil moves. Many of the Cdn energy stocks I trade are good value especially the nat gas ones. But in these choppy periods with negative news best to sit out look for oversold moves.
 
It is CL expiration. All is expected. Then you have a higher bond price and lower yield. So folks think Fed won't increase interest rate. All outside forces.
 
Nine_Ender said:
My opinion temporary choppiness on the way to $80 at some point. However, I sold most of my high volatility Oil stocks this week. Choppiness can create new entry points at any point, the range can be played on many stocks taking into account Oil moves. Many of the Cdn energy stocks I trade are good value especially the nat gas ones. But in these choppy periods with negative news best to sit out look for oversold moves.
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I am holding tight here....don't want to miss a move when the oil bull starts charging again.
 
fan27 said:
I am holding tight here....don't want to miss a move when the oil bull starts charging again.
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When the FED (and Central Banks around the globe) are selling the "nuances and benefits" of massive debt monetization, best not to stand in front of the Crude Oil steamroller.
 

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fan27 said:
I am holding tight here....don't want to miss a move when the oil bull starts charging again.
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I'm always holding some energy companies just adjusting my weightings. Actually rebought three oil firms late yesterday.
 
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