OK time to contribute something serious, my analysis of OIL using my edge
- Thread starter C- kid
- Start date
:eek: :eek: :eek: :eek:
look at the last war:
http://stockcharts.com/h-sc/ui?s=USO&p=W&st=2002-01-01&en=2004-12-31&id=p61471847678
http://stockcharts.com/h-sc/ui?s=USO&p=W&st=2002-01-01&en=2004-12-31&id=p61471847678
"Attack on Iran is imminent" When? Tomorrow, next year or in 10 years time? You are our little Nostradamus 
I've read today that president of Gazprom said that oil will soon be $250 per barrel. Similar growth forecasts for gas. He keeps talking about demand increasing blah blah blah. I say he is FOS, demand doesn't suddenly increase x3, all these people are doing by opening their greedy mouths & saying crap like that is driving prices higher & higher=making huge profits. Just think about it, who would talk a price down when it's profitable for it to be high? Only an idiot. I don't buy into stories about major increase in demand, when did that happen, all this demand came this year?
I say to hell with what they say, just follow charts. Are there problems with supply? I haven't heard anything about it. They keep saying demand has increased & costs are going up to meet demand, etc.
If there were problems with supply then just imagine what would be the price if it actually was true? Price would shoot right up, none of this trend line retrace & bounce stuff would work, it would sky rocket.
I have personally spoken with an oil company employee (briefly) & he told me that these are "magical times" for oil industry, I believe him.
I think what we have to do is look at all of this in a more basic form. We have a commodity bull market, it's an undeniable fact. Why is there a bull market in commodities? ImPO, there is no 1 reason to explain it, but multiple ones. Analysts/economists, people that have adequate education & experience come up with various explanations. Do you have the expertise to join them in a discussion? I doubt it.
Just use common sense & follow charts, price never lies, people do. It's a fact
I've read today that president of Gazprom said that oil will soon be $250 per barrel. Similar growth forecasts for gas. He keeps talking about demand increasing blah blah blah. I say he is FOS, demand doesn't suddenly increase x3, all these people are doing by opening their greedy mouths & saying crap like that is driving prices higher & higher=making huge profits. Just think about it, who would talk a price down when it's profitable for it to be high? Only an idiot. I don't buy into stories about major increase in demand, when did that happen, all this demand came this year?
I say to hell with what they say, just follow charts. Are there problems with supply? I haven't heard anything about it. They keep saying demand has increased & costs are going up to meet demand, etc.
If there were problems with supply then just imagine what would be the price if it actually was true? Price would shoot right up, none of this trend line retrace & bounce stuff would work, it would sky rocket.
I have personally spoken with an oil company employee (briefly) & he told me that these are "magical times" for oil industry, I believe him.
I think what we have to do is look at all of this in a more basic form. We have a commodity bull market, it's an undeniable fact. Why is there a bull market in commodities? ImPO, there is no 1 reason to explain it, but multiple ones. Analysts/economists, people that have adequate education & experience come up with various explanations. Do you have the expertise to join them in a discussion? I doubt it.
Just use common sense & follow charts, price never lies, people do. It's a fact
You have to watch Syriana to get a clue how high end politics effects commodity markets, especially oil. Just like Matrix has done, this film is very believable, don't forget that bits of real truth are (allowed to be) present in feature films, as they are not considered to be factual ones ie not documentary type reporting. Nevertheless, you will always find real gems in some feature films. Whatever happens behind closed doors does not always get world media coverage, it's not meant to be for general public to digest, but somehow truth finds a way to us, sometimes via films, sometimes via interpretation of certain media reports, but you are still not getting access to a fact, just becoming more paranoid via conspiracy theories
So reading the below do we assume that destabilization in Iraq was beneficial to Russians as well Western oil companies? Always look for parties that benefit from an event.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1953740>
So reading the below do we assume that destabilization in Iraq was beneficial to Russians as well Western oil companies? Always look for parties that benefit from an event.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1953740>