Everybody is an oiltrader now
- Thread starter Pekelo
- Start date
I don't see that happening any time soon, great to day trade and I been long term trading it seems forever, huge money if you don't constantly move protective stops, get to breakeven and leave it there. So much of many countries economies are tied to energy, as important or even more so than currencies.
That's true, the stock market and the economy need a stable oil price. Uncertainty kills everyone.
There has been changes recently in the correlation for the daily, weekly and monthly.
Yeah, when Oil is the talk of the town...more people want to taste that "black gold"....millions of years to create, seconds to burn and micro-seconds to trade.
The industry has a multi-billion dollar infrastructure and a multi-trillion dollar connection to global economies and communities. Oil is forever one of the most needed resources on this planet until there's no longer a human race or until some genius can mass produce synthetic oil much cheaper than Oil sucked out of the ground...
We're stuck with that black gold.
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down here in the low its better to trade actual oil (etfs, futures, oil companies, whatever...) rather than a coupling...more percentage change.