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DXO/DTO Traders out there?
- Thread starter Silentmax
- Start date
CL and QM are simply too volatile for my liking. You need to full time trade and specialise in these markets/products in order to build an edge and even stand a chance. Timing has to be perfect here.
I'd rather daytrade the equity indexes and fx markets as main activity and trade oil on the side with less leverage and a medium term view, hence the oil ETF's looked like a good alternative for me. They let you scale into positions without being stopped out despite having the right medium term view.
I'd rather daytrade the equity indexes and fx markets as main activity and trade oil on the side with less leverage and a medium term view, hence the oil ETF's looked like a good alternative for me. They let you scale into positions without being stopped out despite having the right medium term view.
As long as the $ strengthens, oil will trade lower in tandem if the economic crisis worsens.
If the $ resumes its downtrend, oil will rise much faster than the usd drops. The arab world grinds to a total halt with oil at these low levels, so opec + the arabs will do something about this at some stage. It has always been a heavily manipulated market...
If the $ resumes its downtrend, oil will rise much faster than the usd drops. The arab world grinds to a total halt with oil at these low levels, so opec + the arabs will do something about this at some stage. It has always been a heavily manipulated market...
Quote from Nagelis:
As long as the $ strengthens, oil will trade lower in tandem if the economic crisis worsens.
If the $ resumes its downtrend, oil will rise much faster than the usd drops. The arab world grinds to a total halt with oil at these low levels, so opec + the arabs will do something about this at some stage. It has always been a heavily manipulated market...
Could not agree more - in addition, consider that just to get 55gal out of the ground and to the gas station it costs ~$50... crude at $40 just isn't profitable
Quote from winstontj:
Could not agree more - in addition, consider that just to get 55gal out of the ground and to the gas station it costs ~$50... crude at $40 just isn't profitable
This bothers me. Not your comment but the numbers. BAC CEO said his company was fine, slight profit decline yes but in no need of TARP and... etc... oh... wait... now BAC is $5.00
Do you guys really know what the break even / profit point is in U.S. $ to get one (1) barrel of Mideast oil sold in the U.S.? I don't mean what Iran says, or Saudi Arabia says, or OPEC says, etc... I mean true independent research? For some reason I'm remembering $25 to $29 per from 4 or 5 years ago being a more than reasonable profit for that region. Any recent research/studies?
I was sarcastic about CNBC speaking the truth. I could be totally wrong but I heard this from someone while oil was at $140+ they were eitehr BS'ing me or maybe there are different variations of being profitable. Also the dollar has taken a big hit since now and then - but again I could be totally off base here. Oil isn't something I've studied extensively