Oil is down sharpley any reason !!!!~!

Quote from syrre:

Correct, weekly inventories moved to tomorrow.

Now that Florence didnt hit Gulf hard... think I would be slight bullish.

67 looks crutial tho... :eek:
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How is a hurricane missing the gulf Bullish for crude?
It is BEARISH....

BEARISH = DOWN
BULLISH=UP



:D
 
Quote from syrre:

Correct, weekly inventories moved to tomorrow.

Now that Florence didnt hit Gulf hard... think I would be slight bullish.

67 looks crutial tho... :eek:
More...

You trade Crude right??? We want hurricanes etc. to take crude supply out hard core. The bigger the storm the better, as along as it parks its little ass over the tex-LA border
 
Quote from Surdo:

How is a hurricane missing the gulf Bullish for crude?
It is BEARISH....

BEARISH = DOWN
BULLISH=UP



:D
More...

Surdo, I am well familiar with the terms, thank you.

You are insinuating (jumping on a very false conclution of my statement) that what you say is what I meant - which it is not.

Did you notice the word SLIGHT?

The "tropical storm coming in from atlantic"-effect is certainly washed out, yes - and that alone I fully agree is bad for price.
That is partially the argument by SLIGHT bullish only.
If not for the pos. hurricane fear seems over I would be FAR more bullish right now.

My future pension-plan is at stake here (as I live in the 3rd biggest oil exp.-country :)

Happy trading to you too
 
When oil breaks $65, so does the US economy. The specs are assuming, rightly so, that a US slowdown will break the backs of the oil bulls.
 
Quote from Surdo:

Nice backpedaling job!
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Are you for real Mister? :)

No offence mate

I actually can ride a bike sitting backwards (ass on handlebar, facing seat) and I grow up by using rowboats, but that was not at all the intention here.

Well, bedtime in Norway.

:D
 
Surf, very good call in a previous post on a previous thread...it is funny how many followers have joined in on the other thread, now that it has already broke

cheers
 
Quote from syrre:

Are you for real Mister? :)

No offence mate

I actually can ride a bike sitting backwards (ass on handlebar, facing seat) and I grow up by using rowboats, but that was not at all the intention here.

Well, bedtime in Norway.

:D
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Sorry for the semantics lesson Bro.
Just don't ride a bike without a seat!
Good trading to you too.
 
Quote from riskarb:

When oil breaks $65, so does the US economy. The specs are assuming, rightly so, that a US slowdown will break the backs of the oil bulls.
More...




Absolutely! Slowdown in the US economy means slowdown in global economy. Less demand for crude.

Recent crude price deflation is also partly because peak seasonal demand in the US is over.

And after $55.00, the rest of the move up was a technical rally the pricing of which was entirely speculative ( current and future global risk to production ).

If Iran issue is resolved, current crude price will deflate more since storage capacity is nearing maxmimum. Rising storage costs will eliminate contango. Therefore the logical conclusion to keep prices high for the benefit of the oilmen is an Invasion of Iran, which is imminent in the next few months. :D
 
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