This is the last move for Crude --shaping up just like the wheat trade!

I'm just curious - where do you get your numbers from? Is it from the old rule that states: "When you don't know what you're talking about, always make up exact statistics." ?
 
I thought this was meant to be a trading forum, rather than a competition to see who is right/wrong. Countless times you will make wrong trades, but if you cannot move on from that, IMHO you are doomed. So what if WTI Crude hits US Peso 400 a barrel or it sinks to 77 US Peso it does not make a flipping difference. Trading has no time for academic type discussions, just action, risk management and being man enough to admit mistakes and moving on. Sheesh !!!
 
Quote from styron:

The CoT data don't show speculators pushing up the price of oil.

www.softwarenorth.net/cot/current/charts/CL.png

The previous run-ups in crude at the first of this year and at the middle of March both showed speculators getting heavily long. Not this time though.
More...

Chart ends at 4/23, doesnt it? I can't see for some reason on my screen.

Additionally, any speculation at all (and there is a considerable amount) means that speculators are adding to the price of oil, right?
 
i went short today- small position with a hard stop a couple bucks north of the current print. too many talking heads coming on cnbc saying we're going higher- seems like an awfully crowded trade right now. i don't normally swing trade these days, but i'll give this some time (or until i get stopped out- just hope my stop isn't the short term top!).

i posted a thread hypothesizing the impact of a PPT like intervention in oil- anyone have any thoughts?

btw, i tend to think that this oil spike is good for the long term; as it may finally get us doing something about energy self-reliance. unfortunately, the left still has the masses convinced that we don't need to drill off our vast coastlines- if we'd have done this 20 years ago we wouldn't be held hostage and all our increasingly worthless dollars wouldn't be in the middle east.

a link if anyone cares to comment:

http://elitetrader.com/vb/showthread.php?threadid=126709
 
Quote from S2007S:
there isnt any reason why oil should be nearing 125, its all at this point based on speculation, sad because oil should be around $75-$90 at most.
More...
LOL says who? Wouldn't it be great if all stocks and markets would just trade exactly where we all feel they should trade at?

Ah what a beautiful fantasy world it would be... we could all print money simply shorting whats overvalued and buying whats undervalued! Who needs technical analysis or a risk management discipline!
 
The fact that so many ETers are calling a top and the comparing the recent move to wheat is proof that oil is going to $160. This year. When ETers give up their short position and to long, maybe then we will see a pullback.:D
 
Quote from The Kin:

The fact that so many ETers are calling a top and the comparing the recent move to wheat is proof that oil is going to $160. This year. When ETers give up their short position and to long, maybe then we will see a pullback.:D
More...


Disagree back in SEPT and OCT when the markets were making new highs everyone thought it was going to last into the end of the year, IT DIDNT....get ready for a correction in oil.
 
You must log in or register to reply here.
Back
Top