What has changed in the oil market? Even the God of oil trading has fallen.

[SunTrader]

So is $0 oil, which is ~$47 per bbl down from current price. So we have -$47 per bbl to get to zero, or +$47 per bbl to get us to ~$95.

Which is it?

I say bollocks all, and play with the $10 per bbl range between $43 and $53 you have been given over the past 9 months. Man if I just had the funds.

I know some people like to consider trading and gambling the same. I am not one of those.

Of course any price is possible but unless Trumpie or Little Kimmy blow a fuse $100 oil is not very likely which is why I said it is a "bet".

 

[Surprise]

He was short from the highs in 2013 all the way to the lows. Was also short from the highs in 2008 to the lows in 2009.

Doesn't matter what he did in the past . Apparently he couldn't adapt to the new trends and lost huge amount of money in a short period .

 

[Surprise]

So then why whine over OPEC and Algo's.

Exactly , he is just a punter .

 

[vanzandt]

Most of Brent's supply is sitting in tankers. If war broke out in the pacific all transatlantic and transpacific shipping routes could get closed. The arb from WTI to brent is predicated on getting molecules from the Gulf to the North sea. If those routes get closed, then the arb closes and Brent and WTI will dislocate. How do you think Brent use to trade $30 over WTI a few years ago? It was because the US could not export WTI out of the country.

Hey Mav!
I bet you're busy today eh?

 

[Grantx]

I havent read this entire thread. Cant be bothered tbh. 1st few posts were pretty interesting but I just want to ask why the hell anyone would attempt to factor in funnymentals into their trading decisions?

Me. I just watch the charts. Its the one place no one can hide from.

 

[themickey]

I havent read this entire thread. Cant be bothered tbh. 1st few posts were pretty interesting but I just want to ask why the hell anyone would attempt to factor in funnymentals into their trading decisions?

Me. I just watch the charts. Its the one place no one can hide from.

Had a look at your web site, looks ok
But you have misquoted Jesse.....

"It never was my thinking that made the big money for me. It always was my sitting".....

. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.


Favourites....
- It never was my thinking that made the big money for me. It always was my discipline. Jesse Livermore

- In the middle of the road of my life I awoke in the dark wood where the true way was wholly lost -Dante

- When you doubt your power, you give power to your doubt – Aristotle

- Your biggest problem is that you expect no problems. Buddha

 

[Grantx]

Had a look at your web site, looks ok
But you have misquoted Jesse.....

"It never was my thinking that made the big money for me. It always was my sitting".....

. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.


Favourites....
- It never was my thinking that made the big money for me. It always was my discipline. Jesse Livermore

- In the middle of the road of my life I awoke in the dark wood where the true way was wholly lost -Dante

- When you doubt your power, you give power to your doubt – Aristotle

- Your biggest problem is that you expect no problems. Buddha

Thanks for letting me know. Sitting tight is one very difficult thing to learn. Fighting my imagination when no trade exists is an exercise in discipline.