The Top of Oil

[Ivanovich]

Excellent call, Surdo.

 

[Surdo]

Thanks!

Even a stopped clock is right twice a day.
I never posted my AUDUSD trade, that was a thing of beauty.

I should trade drunk more often.

cheers,

el surdo

 

[stock_trad3r]

Time 2 buy oil again

will go to 110 in few months

The buying will show no sign of slowing
falling dolar+huuuuuge demand=rising oil.

Buy this dip on oil and buy ay dips on gold, too.

 

[Surdo]

I covered the balance of my CL@ $92.75 to ring the register and call it a day.

 

[patbateman]

Surdo, nice short.

Stupididiot.. i having luch with cliff huxtable at the Four Seasons. Dorsia after that.....if i can get a reservation.

OIL to 85

 

[patbateman]

Allen has mistaken me for this d!ckhead marcus halberstram. We both wear oliver peoples glasses and have a penchant for valentino suits......although i have a slightly better haircut.

WTF is oil rallying for again overnight? crazy moves....

 

[TradEStar]

Accordion strategy Oil Short "Part Deux" .. started accordion short zone at 95.85 with stop at 97.85 and accordion shut down point at 93.85, now with only runners left on. Next targets at 92.55 and 90.05..

 

[TradEStar]

Quote from stock_trad3r:

Time 2 buy oil again

will go to 110 in few months

The buying will show no sign of slowing
falling dolar+huuuuuge demand=rising oil.

Buy this dip on oil and buy ay dips on gold, too.

Thanks Oil for the "Double-Dippin" ..

 

[detective]

Looks like a short term top due to everyone and his mom calling for $100 oil which means that it wasn't likely to happen soon.

I think we see short term weakness as the hot money exits before traders refocus on the fundamentals of increasing demand in the face of stagnant supply. Oil probably will get to $82-$84 before roaring to $120 by Q1 of next year.