This correction - A pick under the hood

Clubber Lang said:
Oh boy.
Famous last words.
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At 35 WTI is money, you cannot lose no way. Obviously putting equities will yield higher results at the moment, but your saying if WTI hits 35 range within 2 months, its not a guarantee ? 35 is the break even

Please let me know how low you think it'll go
 
Trade very small, in market like this there maybe no supports or minimums. True you can point out logical bottoms, but a lot of other $ need to step in with you, or you may buy the new high going forward.
 
Stockolio said:
At 35 WTI is money, you cannot lose no way. Obviously putting equities will yield higher results at the moment, but your saying if WTI hits 35 range within 2 months, its not a guarantee ? 35 is the break even

Please let me know how low you think it'll go
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First you said “Oil is looking good. How much lower can it go”?

Then you make an argument using a price that’s 22% below the market right now.

So there’s your answer. It can easily go down another 22% or more.
There’s no such thing as “guaranteed” in trading (unless you’re a co-located HFT server frontrunning incoming orders. But the SEC doesn’t seem to mind that)
 
I dont have a chart. but from my poor memory it seems to me oil went down from $125 crashed down to like $25 a year or so ago. and then went up to like 75 and now going back down below 50.

Oil is too wild for my taste. I hear it is great place to make money if correct or get bankrupted if wrong real quick. hahaha. I got my crystal ball dirty and can not see the future very clearly any more. hahaha. oil scares the hell out of me.

I have to think about it a few months then tell what happened after it happens. so far that works better for me with oil.
 
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