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690646 No.690646 [Reply] [Original]

How much have you sacrificed to the oil gods so far?

>> No.690651

Is there another catalyst before the OPEC meeting in June?

>> No.690652

Nothing so far. I went in on Monday and so far in the last 3 days I have made $1,100.28

>> No.690655

>>690651

Because the USD keeps strengthening and it seems like the Fed isnt going to raise rates because of it, oil is becoming more profitable even though the price is staying low. Of course heading into summer oil also gets more expensive anyway. I set sell orders for 15% on 3 of my stocks. I should hit that 15% by the end of this month, then I will sit back and wait for a few weeks to see if there is more movement coming.

>> No.690671

>>690655
So bullish hypothesis I assume?

>> No.690676

>>690671
Once the markets absorb and get the Fed out of its system ( for some time at least) we can make a better decision when it comes to the valuation of oil. Currently the market has Fed on its mind like Putin has Ukraine on his mind.

>> No.690678

>>690671

>bullish

don't you know about the iran-US oil deal which should be decided by the end of the month? If that happens oil will probably go to the 30s.

>> No.690684

>>690678

Well on second thought POSSIBLY. No one knows just how quickly iran can start exporting more oil and making it, their economys in the shitter right now so i'm sure they wouldn't mind a boost. Who knows how the market will react to it, i imagine not positively though if its reached

>> No.690705

>>690684
I took a look at what happened to the Euro, thank god I got out of that quickly, also good thing I hedged that.
Also US 10 year. Cheap money is on everybody's mind but you can only go so far with a money high. For the dollar all it takes is people fearing Greece leaving or something and the dollar will go back up. It's a question of oil then. But, this is the fun part; oil is priced in dollars and the prime issuer of the dollar is saying the dollar is going to stay cheap right now, but oil is also cheap.
You could say they're playing us like a fiddle.

>> No.690731

DWTI at 146 after hours

GO, GO, GO

pls ;_;

>> No.690737

>>690731
It'll be interesting to see how big the sell off will be tomorrow. And I mean in every single category. Maybe not bonds though.

>> No.690742
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690742

is it finally over?

-1,165$

>> No.690745
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690745

sell?

>> No.690749

>>690745
I'm surprised you're even trading with such a low amount of shares.

>> No.690754

>>690745
Given the high likelihood of there being profit taking tomorrow I'd recommend it.

>> No.690755

>>690745
what do trades cost you?

>> No.690772

>>690755
It costs nothing since it's on Robinhood.
I'm just dicking around with some of my extra money, considering I'm new to this.

>> No.690795

>>690731
So far your wish has been granted.

>> No.690810

So TheFibDoctor thinks we will see 48.68 anyone disagree with the based doctor?

>> No.690818

Can we keep the pseudo trader jargon to a minimum in this thread and keep it about the analysis of the oil industry, oil threads used to be a gold mine of info before people from the get rich quick schemes started lurking

>> No.690823

>>690818
this

>> No.690840

>>690818
Ok. Was the lower supply build last week due to the US expanding the spr? That 4 million number seems anomalous.

>> No.690841
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690841

>>690742
>-$1,058
>mfw the fed actually controls the price of oil, not the companies extracting it and building up massive supplies

>> No.690853

lurk more, you shitty child.

>> No.690858

So what was that price decay all about that someone was talking about in the previous thread?

>> No.690860

>>690840
Also, the Fed today lowered their growth forecast. Shouldn't this be bad for oil demand?

>> No.690862
File: 64 KB, 1042x452, ChangeInStorage.png [View same] [iqdb] [saucenao] [google]
690862

>>690840
With the latest data. Yeah, the average bar is just a basic average.

>> No.690867

>>690860

Nobody knows. Even the report was bad and the dollar is still strong, but the bullish market is overreacting because of the fed. Unless demand increased real fucking hard today.

>> No.690897
File: 66 KB, 1118x452, MotorGasStorage.png [View same] [iqdb] [saucenao] [google]
690897

>>690860
>>690867
>Opec said it expects global demand to rise by 1.17m b/d to an average of 92.37m b/d in 2015, in line with the previous month’s report.
>believes non-Opec production growth will slow this year, up just 850,000 b/d this year to average 57.16m b/d in 2015.

>>690858
http://www.schwab.com/public/schwab/nn/articles/Leveraged-and-Inverse-ETFs-Not-Right-for-Everyone

>> No.690901

>>690646

Well, I went into Quicksilver Resources when they were at 3,33

My worst investment so far

I have been with them all the way to their present low, because they are my lesson:
> never buy a stock before reading their financial reports

Had I seen the debt and the contracts they were in I would have never invested, but you need to get burned to learn how to fear the fire, also I have so far only small investments so I haven't lost an awful lot of money (app 300 dollars)

>> No.690967

>>690901

i'd be extremely careful about longing any oil company right now, a lot of "goldmines" it looks like at first glance but in reality are swimming in debt. There's obvious "safe" ones like exxon/chevron that won't crash anytime soon/ever but less potential for growth.

>> No.691059

>>690897
>>690897
http://www.eia.gov/forecasts/steo/report/global_oil.cfm

Consumption is there. Now what? If the EIA's projection is correct then we would expect oil prices to increase, yet that's not quite the case and oil prices are still dipping. Additionally demand is now greater than supply according to OPECs February numbers.

Something's not adding up if demand is greater than supply. I assume it's the fact that storage is filling up meaning only one thing: oil must fall further within the next two months.

Now, assuming that the average trader/investor is uninformed (which they generally are), oil will see a massive fear sell off to lower levels... Ultimately meaning that the ideal time to go long is shortly after that, no?

Disclosure: I entered 40 shares of DWTI today before market close and may increase the position.

>> No.691064

>>690967
Since y'all helped me make some cash last week with your research I'll share some picks:
HP
NOV
both are at low P/B ratios, sitting on cash, and have very little debt. They Can easily sustain current oil prices for over a year and continue paying dividends (which in HP has seen decades of year-to-year payment and growth). I'm longing both of these with a larger position in HP once oil bottoms

>> No.691079

>>690967

This is always the best way to make a lot of money in a big crash.

You have to pick the stocks that have lost a shit ton of value... but not the ones that are going to go bankrupt. Because you are either going to make a shit ton of cash, or you will lose everything when they file...

Exxon might be safe.. but it isn't going to make you rich... not quickly anyway.

Looking for acquisitions can be a good play here too.

If the total crash ends up not being that bad, then you might see the bog guys start gobbling up the small guys that have good property rights...

If the crash is really bad, you might see the big guys avoiding acquisitions altogether and only gobbling up stuff once it's in bankruptcy.

Either way, you won't know what play to make till this plays out a bit more, unless you think we already hit bottom.


I will continue to iterate my stance that we are no where close to bottom yet.

>> No.691097

>>691059
The demand could be artificial as people try to store and play futures spreads.

>> No.691098

>>691064

I entered 50 shares of ERX, i'm just hoping to get $5-10 gain from it and cash out, nothing too big just a quick scalp since oil prices got bumped up. Kek in all reality i think oils gonna be down for a hella long time but i sure aint going in dwti just yet. I don't think dwti is a bad play by any means but we'll see.

>>691079

I also agree we're not at the bottom yet only question is WHEN will we get there. The nuclear deal at the end of the month with iran might be a big deal or nothing at all i'm still wondering how thatch going to play out.

>> No.691108

Nope and the murdering is just beginning. They based production on a price that was speculated and all the new infrastructure they built will be a negative because the cost of taking it out of the ground is less than what it is worth. If your economy or investments is oil based you're fucked

>> No.691118

>>691098
>>691098
Here's the way I see it:
a) if you're going in on ERX because of energy prices (which is largely determined by oil), you might as well go UWTI.

b) if you don't think its a bad position and that oil will be down for a while, why not enter?

A bad case scenario, based on what I can gather, is the deal doesn't go through, we wait, storage fills, and oil tanks.

The worst case scenario is russia declares wat, war ensues, and oil shoots up. This seems considerable, but still unlikely. Also, the market would take a little while to adjust.

I just dont really see a large downside risk (and have a 3% trailing just in case)

>> No.691207

i think the smart play is to continue to short oil in the short-term. the report is still bearish, even if the currency pricing pressure is weaker because of the fed's decision not to raise interest rates.

at 9.6 million barrels, the bearish hypothesis of a fire-sale caused by storage pressure is still more likely.

brent dipped to 52 before rebounding to 56 but now it's already at 55; downward pressure still exists and WTI is facing digestion of yesterday's report after-hours because the fed kept the market at stand-still and the bulls really needed a win. bears were also jittery because of the fed decision pricing, but the report not only shows millions of barrels being delivered to cushing, but also production increase, weaker demand, and fewer imports.

the pipeline at north dakota is now up and running and will continue to add 84,000 barrels to cushing every day from now on.

DWTI presents itself as an attractive short-term hold.

>> No.691232

>>691207
Now saying you're wrong, but IF you're wrong -- if oil prices only go up from here -- what would you guess the reason is? High demand?

>> No.691233

>>691232
same thing that drove it up to 50 from 44

retail bulls trying to call the bottom

>> No.691271

Now I'm only down $3.50 a share in ExxonMobil.

>> No.691464

>wake up
>oil is already tanking again

ouch to those who went long on UWTI at it it's high yesterday

>> No.691501

I hope you Oil bears didn't sell your DWTI pos yesterday

>> No.691505

>>691501
I took on 40 shares after the pullback and closed off my uwti position (which was small). 40 shares is about 50% of what if normally take.

>> No.691552

>>691059
Ah, thanks. I was using Motor Gasoline storage change as a rough estimate of short term demand since transportation is the largest usage of oil in the US at least. If there is large outflows then demand may be picking up, but as the graph shows, there isn't much changing overall.

As we can see the dollar high wore off really quick, and now it's back to business as usual.

As for an increase in demand, I have to ask where is this coming from?
If China's growth is normalizing (i.e. tanking), the Eurozone is in another recession, Russia is cut off from the world. Where is this oil demand going to come from?

The bear hypothesis we have created originally stated that oil would crash hard. I'm going to reiterate that from what the evidence suggest is that oil will not end with a bang, but a whisper. I don't think this is a question of demand, because given the global environment demand will not solve these problems. The answer is a matter of supply.

>> No.691565
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691565

Looks like the downtrend will continue on as we get closer to the Iran Oil deal.

going to cover my UTWI short in a few mins in PM and see if it breaks goes over $2 today and short it again.

>> No.691574

>>691565
I know people didn't want to talk about trading, but, if you managed to swing trade before and after in the right directions due to the Fed. There was a lot of money to be made.

>> No.691592

>>690646

155$
75 shares.

>> No.691603

>>691505
Wow... $20/share profit.... Shit....

>> No.691604

>>691118

>Russia goes to war
>US Army/Marines etc high-gear their recruitment
>I'll have to explain to a recruiter from 7+ years ago that I'm now a fatboi father and no longer combat fit.

That'll be fun.

>> No.691652

DWTI plummeting

It's over. It's all over

>> No.691654

>>691652
Simply a cheaper price to buy in. Fundamentally, oil is still going down.

>> No.691664

>>691652
you didn't sell it during the morning pop?

>> No.691678

>>691652
Thanks for the heads up. Scalped ~$200 if it kicks me out at my stop. Gonna let it run if it doesn't.

>> No.691700

Will the rig count make a difference tomorrow?

>> No.691703

>>691678
FML got kicked out right before it flew back to 158

>> No.691707

>>691700
It will slightly. However, rigs are more efficient now and ultimately it's storage that will cause issues.

>> No.691709

What do you guys read to know so much about the oil industry? Fed reports and whatnot.

>> No.691712

>went into UWTI at 2.00 with $150 (I know I'm a poorfag)
>parents gave me $1000 a few days earlier and I put it all onto a trip to cancun I bought on credit
>mfw I could have put that into UWTI and got out at $2.20 and made $600 in two days

;_____;

>> No.691727

>>691712
shoo shoo troll

>> No.691729

>>691703
I get setting you're stop losses too low, been there in Forex, but when you're dealing with this sort of stuff, it'll bite back hard.

>> No.691731

>>691727
What?

>> No.691733

>>691729
I rather eat the commission and stops than risk it. Never risk $1 for $1.

>> No.691737

>>691731
Are you listening to yourself? You have no money and you put all of your money into a trip to cancun you bought on credit? Why would you ever buy any luxury on credit?

>> No.691742

>>691737
9 months no interest nigga.

Best 8 days of my life and I didn't pay a cent on it until months after I got home.

>> No.691748

>>691742
>>691731
>>691727
>>691712
if you're not trolling you're clinically retarded if you think going from 2.00 to 2.20 with $1150 comes out to $600 gains

>> No.691751

>>691748
This. You would only make $115

>> No.691753

So.... my trading payed off. Just came out with a $400 hit on DWTI after getting kicked out about 4 times.

>> No.691755

>>691751
>>691748
I'm a moron. Please disregard my stupidity

>> No.691814

Am I naive as fuck if I think I can start trading with only about $400?

>> No.691817

>>691814
Yup

>> No.691820

>>691733
Considering rig count will result in a rise even if a small one, and the contract roll over, getting out might not be a bad idea.

>> No.691827

>>691814
commission fees will eat most of your profits.

>> No.691833

>>691814
Buy gene or arna or amrn and hope to god that shit doubles

>> No.691841

>>691833

>shilling these companies again

amrn got sold off as soon as it hit 3, dat pump n dump lifestyle.

>> No.691843

WTI is at a 52 week low.
Do I do it?

>> No.691846

>>691841
Yeah I saw that I got out at 2.90 but one question... Who REALLY BENEFITED FROM THAT? H.C. Wainwright?

>> No.691855

>>691827
Not with robinhood. But I think trying to invest with $400 is a waste. Probably better to buy books.

>> No.691913

>>691820
What date is the rollover. And it shouldn't affect price, right? Market already prices in any arbitrage opportunity

>> No.691916

>>691913
http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_product_calendar_futures.html
Last trades for April contracts is tomorrow.

The point of the change over is that May contracts are higher than April contracts, the May contracts will fall once they are switched to since the time value will go down. So it's good for DWTI in that it will produce percentage gains.

>> No.691927

>>691916
Thanks. Do people use other resources to gauge prices (I'm sorry I'm relatively unfamiliar to futures beyond concepts and terminology)?

>> No.691929

>>691916
Also to clarify before someone else says Futures don't work like that.
Option time value still applies, for futures it will result in backwardation and contango. If you get into Future options you will see option time effect work more normally.

>> No.691942

>>691927
I'm afraid I don't understand what you're asking.

If you want to learn how to mathematically calculate future's pricing well, a French cave-painting board isn't the best place for that.
If you're asking how to value oil, that's more of a matter of trying to interpret what the buyers and sellers of oil will do.
You're not a market maker you're not going to be determining the price. Sure, what you buy and sell for can effect things, but, you don't make the market.
Oil has fundamentals and technicals just like everything else. For both the more important the indicator the bigger the effect.

>> No.691960

DWTI plummeting after hours

It's over. It's all over

>> No.692006

>>691942
Sorry, my fault. I wasn't very clear.

I was trying to ask:
a) Are there any other resources where we can get data (including price forecasts)

and

b) how do rollovers affect the price of the ETN? I don't think I've ever had this issue, considering that I rarely hold for more than a few days tops. Typically, I buy and sell throughout the day.

Thanks in advance.

>> No.692012

>>691960
It fell down $3 at most... I still think it'll go up, but i got kicked out by my stops.

>> No.692078

Energy is a small percentage of my portfolio, but here is the run down
>Hammered on SDRL and RIG Nov/Dec 2014. Sold SDRL around $15 or $16
>Got hammered on HP and sold. Also have some losses on HAL and SLB
>Sold the majors: XOM, COP, and CVX

Recently initiated positions in refiners (MPC, VLO and PSX) which will benefit from lower input prices. Also bought STO. Foreign oil majors have fallen a lot further than US, and look like better values.

All in all, I'm down at least $4k, but made it up on staples and REITs. That's diversification for ya

>> No.692080

>>692006
The rollovers don't. As was discussed in depth in the last thread it's the percentage performance of oil that effects DWTI. The rollovers just mean that there's a good chance oil will drop a decent %. If May contracts are $45.50 now and will dive to $43 once they're the main target that's a 5.5% drop; that's 16.5% DWTI which if DWTI is $155 that would be +$25.58. So add the whims of the market and you've got yourself some gains.

As for the data, the threads have linked the prime source i.e. those who produce the data. EIA has it's weekly summary, Baker Hughes has it's rig count, Genscape has various things. Consolidated is a different matter. Unless you have a data feed that gets the data to you, the prime sources will be the most up to date.

Hopefully some other people will come. There were a lot of people in the previous thread, they can fill you in more in the mean time.

>>691960
erreday

>> No.692090
File: 84 KB, 420x487, 1412490896143.png [View same] [iqdb] [saucenao] [google]
692090

>tfw you live in Alberta

It's an order of magnitude worse than 2008

>> No.692118

>>692080
What day will those % gains happen?

>> No.692137

>>692118
Probably rollover date so Monday if I understand the other anon correctly.

Regardless, I'm still bearish: put in 20 shares DWTI just right now for speculation with a stop at 155.

>> No.692138

>>692118
That's timing the market. But, if I had to place the next two trading days in perspective.
Tomorrow with the rig count and today's decrease, and the last trading day for April contracts it will be bullish.

Monday you will have the fresh contract and Genscape report. Estimate in Cushing will start selling off at a higher pace.

>> No.692152

>>692138
Now this is what I think and I could be wrong, after all I though the Fed would be more hawkish on Wednesday.
There are certain trading risks associated with taking the advice of anonymous individuals on a mongolian slideshow board, and it may not be suitable for all investors. Before you decide to trade on the advice of anonymous Chinese Artifact Appraisers you should carefully consider your objectives, financial situation, needs and level of experience.
Ask your doctor if Chilean rock carving advice is right for you.

>> No.692166
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692166

lost like 5k

went in at USO at 32, again at 26 and now its at 16

iiiittttt willllll goooo baccccckkk uppppp

>> No.692172

>>692166
>iiiittttt willllll goooo baccccckkk uppppp
You're going to be waiting awhile...

>> No.692173

>>692166
a) you're trying to time the market without doing any research whatsoever.

b) you're not putting in stops yet you're treating it more like a trade than an investment

c) you chose a really shitty ETF with high fees. It might be one of the most popular, but it's definitely really shitty.


C'mon anon, get your shit together. If you're gonna buy and hold, hold. Don't pussy out halfway through. Once you're in, don't get out unless a) something fundamentally changes, or b) your entry/exit rules tell you to get out (which are necessary for most if not all successful traders).

>> No.692206

>>692173

i never got out, I chased the falling knife

maybe I should buy more?

>> No.692208

>>692173

why is it the most popular?

>> No.692210

>>692166
you might as well keep averaging down
:^)

>> No.692284

>>692210
Or just be patient? In all likelihood, oil prices will still go down.

>> No.692561

>Oil goes bearish on a bull market, due to high inventory.
>Oil goes bullish during bullish fed statements, going against bearish fundamentals.

This is really fucking me over. I'm probably gonna wait for this shit to die so I can go back on.

>> No.692575

/g/ent here

Im interested in working for an oil company

Is an embedded system engineer (electronics and microcontrollers) needed much in such an industry?

I apologize for the invasion

>> No.692639

I guess oil is reacting to a lower rig count? 45$ a barrel

>> No.692645

>>692639
I don't know whats happening. I was thinking about buying oil as long term investment today. But I really don't have a clue where it's heading. I was waiting for WTI to go close to 40 or even under. Not sure if this will be happening anytime soon.

>> No.692648

If you are going long term then maybe wait till there's more demand than supply being added.

>> No.692697

I thought you people said DWTI was going to the moon. What happened?

>> No.692737

>>692697
Lol kinda did. 179$. Massive gains

>> No.692744

>>692697

It did, until the fed crashed the party on wednesday. Now oil is trying to follow the bullish market despite its high inventories.

>> No.692760

I haven't, but what characteristics of ETN's would make going in on both UWTI and DWTI and placing stop losses on both a bad idea? Or is that what people have been doing this whole time?

>> No.692764

Got hit this morning but scalped more shares at $140 for a quick flip.... slightly down.

Probably going to re-enter and hold over the weekend unless fundamentals have changed, which, in my opinion, have not.

>> No.692769

DWTI will go back up Monday but I'd be really careful. It's spring and oil demand even if there's not a lot it's instilled in people's heads that oil will be heavily consumed for these next 6 months. Wednesday will be oil reports and most likely will favor UWTI even if it's bad but didn't get worse.

>> No.692771

>>692639
I think it's because the dollar is tanking today.

>> No.692790

So UWTI is bouncing between 1.95 and 2.20 every day or two. Is my uneducated plebeian idea to buy and sell on these bounces a good idea? Is this something everyone already does?

>> No.692799

>>692790
Oil has been almost easy to predict. DWTI always goes down on Wednesdays and Fridays . uWTI is strong on Wednesdays and Fridays
The other days is just a crap shoot.

>> No.692810
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692810

>>692799

>> No.692813

>>692790
That's what I've been doing. Bought at 2 sold at 2.16 then bought at 2 and sold at 2.20 today

>> No.692823

-56 Rigs this week, -64 last week.

>> No.692827

>>692799
yeah except that isn't what happens ALL the time

check out last week... friendo

>> No.692832

>>692827
That's why I said almost easy!

>> No.692853

oh boy, oh boy! i'm making progress with my uwti position. i'm up to -$1,145 from -$2,265!!!! soon i'll be in the money!

>> No.692859

>>692853
>soon i'll be even!
luckily for me, I was bagholding dwti from 140

>> No.692860

>>692853
You got in at 2.45?

>> No.692862

I got in UWTI and NUGT yesterday made nice profits earlier.

>> No.692864

I can't take this crap. I hope exxon recovers more, cause I'm out. 2 volatile 4 me.

>> No.692874

>>692860
in Tuesday of last week I think. right before eia report... the bear market looked so - overworked. I figured the bulls would bounce on ANY news showing empty storage... but it didn't happen and I don't know how to sell low. so I tite grip my uwti. ain't gon let go.

>> No.692918

>>690646
Bought MDR, EXXI and GTE midweek. Up 3%, 11%, and 10% respectively. Still have half a position to buy in each, expecting a drop soon.

Love them all. Different levels of debt, but they're all solid.

>> No.692925

shorted UWTI 3k at 2.16.

deciding if I cover now for easy money or take the gamble and hold it till monday.

>> No.692936

>>692925

I'd hold. I'm also not fucking with the x3s anymore, though, too much stress.

>> No.692941

At this point we should consider developing a standard opening post for the generals. Links to the various reports, the dates when they happen. And maybe some other stuff that is frequently asked, as it will help decrease the frequency of the same questions being asked.

>> No.692943

>>692941

>spoonfeeding

other sites do that for free

>> No.692947

>>692941
This please

>> No.692952

>>692943
Except this is supposed to be a general so we need links to relevant stuff. And they still have to do their own homework. If people learn just enough to get into trouble it's less spoon-feeding and more attempted poisoning.

>> No.692957

>>692943
which ones

>> No.692961

>>692943
please take your /b/ mentality else where.

>> No.692976

For whoever makes the next thread, probably the Trip:
Contract trading dates: http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_product_calendar_futures.html
Contract prices:
http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

EIA Weekly Report:
http://www.eia.gov/petroleum/supply/weekly/

Baker Hughes Rig Count:
http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-rigcountsoverview

Genscape: You have to pay for it, see if Financial Times released something on it

These are the basics, remember to do your due diligence.

>> No.693022

Jesus. My stop on DWTI got triggered at 141. Up to 150 now. Why.

>> No.693030

>>693022
because you're a pussy using tight stops when fundamentally oil will go down

>> No.693044

>>692090
Sorry bro, saudis don't want anyone to make money on oil but them.

>> No.693057

>>693030

don't go hating on him man, dwti is volatile as hell the past 2 days its. the saudi agreement might take a few months to be finalized and put into motion, sure OIL should go down logically with this production but even then, the markets more decided by the buyer/seller sentiment right now so you're not going to see an immediate drop the next 2 weeks

>> No.693088

>>693030
The market is irrational and so are most of the participants including oneself. Once one accepts that one will understand that qstops are necessary as a trader. I don't think he's playing purely on fundamentals.

>> No.693143

>>692090
>worse than 2008

stories plz.

>> No.693172

reposting something from another thread:

I'm thinking about investing for the first time, and in Petrobras (PBR), there were a lot of corruption scandals in the last few months so the stocks went down quite a lot (they were worth 20.65 in 9/2/2014, today they're worth 5.59), so I don't think it is much of a stretch to think they're going back up. Thoughts?

>> No.693175

>>693172
if oil prices drop and stay low or even stay this low for a couple years those small energy businesses are likely to go bankrupt.

>> No.693177

>>693175
It's not a small business, but I take it that you think that is not worth to invest in oil companies right now?

>> No.693193

>>693177
not yet brah

>> No.693236

>>693177
>>693193
bet on canadian financials, they're usually the first to recover before oil etc

>> No.693478

Anyone know who ExxonMobil is going to buy. T Boone Pickens thinks they are gonna buy a big independent oil producer. I was thinking more petrochemical.

>> No.693720

The stronger the dollar is, the less profits that are lost due to lower gas prices.

This means that while there are lower gas prices, the plants will stay alive and grow strong.

>screencap this post

>> No.694593

I haven't, but what characteristics of ETN's would make going in on both UWTI and DWTI and placing stop losses on both a bad idea? Or is that what people have been doing this whole time?

>> No.694605
File: 53 KB, 600x800, YSliz7z.jpg [View same] [iqdb] [saucenao] [google]
694605

http://blogs.platts.com/2015/03/20/tax-time-bakken-oil-summer

>But Bakken production could suddenly skyrocket, by nearly 10%, or an additional 75,000 b/d, to 100,000 b/d in June, Helms said

>> No.694951

>>694593
If you go long in both for the same amount, it would be like a hedge, but a really bad one at that. It doesn't make sense to go long 3X % oil in both directions. It will eat any profits, and you will have to deal with beta slippage in both. This isn't like a straddle in options because you're dealing with more than a loss of premiums. There's math you can do to prove that it's a bad idea, just calculate how % movements of oil would effect both of your positions, over time both would lose.

>> No.695855

>tfw bought DWTI before after-hours close on Friday

>> No.695888

>>695855

did you read what saudi arabia just said?

>> No.695898

>>695888
That's beautiful ;). going up even farther than anticipated

>> No.695901

>>695855
After hours doesnt include the weekend usually, got in dwti at 145, its going to be a fun week I think.

>> No.695906

I'm pretty upset about my stop loss kicking me out at $141 on DWTI now.

Assuming DWTI gaps up on Monday, and the fundamentals on oil are still bearish, when is a good time to be looking to get in?

>> No.695909
File: 103 KB, 640x1136, image.jpg [View same] [iqdb] [saucenao] [google]
695909

>>695901

>> No.695910

>>695906
Whenever its fundamentally sound to. I don't bother using TA here. I do trade momentum

>> No.695913

/cl taking a dive RIGHT NOW

>> No.695998

>>695855
Got in at $140 on Friday :)

>> No.696084

covered my UWTI short at 2.02.

Glad I held it over the weekend

>> No.696116

Might play the other side now with UWTI. Oil is starting to reverse.

>> No.696119

>>696116

Try playing poker. You seem to be subject to your emotions.

>> No.696120

>>696116
Fundamentals haven't seemed to change

>> No.696124

>>696116
can't find good news for oil... but volatility is still there. only gamble what you're willing to lose... this week looks like another WILD RIDE!!!!!!!!!!

>> No.696125

>>696119
I play both sides. Oil will most likely go down in the long run but I will take advantage of the times it pops on the short term.

>>696120
It doesn't mean Oil won't have it's green days once in a while, today is starting to look like one. I will most likely short it again once I feel it reached it's HOD.

>> No.696126

Are the ETNs tracking correctly?

>> No.696127

>>696126

They fuck up about a quarter of the time.

>> No.696129

>>696126
I'm seeing WTI down but UWTI up.

>> No.696132

>WTI goes back up to 46

Spring bull market is real. This shit is on life support.

>> No.696158

shorting UWTI again if it hits 2.20

>> No.696181

any other oil bears shorting UWTI? Seems like everyone else is just buying DWTI.

>> No.696225

>the ratio of long to short positions last week, at 1.8:1, was the lowest in four-and-a-half years, and among the lowest recorded since hedge fund positions have been reported separately.

>Total short positions rose by 36.5 million barrels over the seven days to March 17 and have risen by 75 percent over the last four weeks.

>> No.696233

>>696225
time to go long

>> No.696349

>However, the overall volume of debt raised globally by oil and gas companies in 2015 is 25 per cent higher from a year ago at almost $74bn, according to Dealogic.
>Companies with an investment grade rating have raised 88 per cent of all the debt oil and gas companies have issued this year, according to data provider Dealogic. That's the highest proportion since 2009.

Good news for those looking to short oil companies.

>> No.696385

Will oil break $48 right now stay tuned to find out! hope no ones in dwti too heavily.

>> No.696415

>>696385
Ouch I got burned. hust reenyered with a bigger pos

>> No.696429
File: 2.75 MB, 200x150, 1419973722108.gif [View same] [iqdb] [saucenao] [google]
696429

> Started buying EXXI at 15.75 before this entire oil fiasco
> average down at 14.50
> more at 13.70
> stop out at 8.90
> trading account now in full piker more under 5 digits
> Initiate long again at $4.50, 50% leverage, all in, oil has found bottom
> stop out under $3.50 of most
> all out at about $2.50
> account is double digits
> post on /biz/ with fellow plebs and foreverpikers
> the jews did this

>> No.696542
File: 28 KB, 785x431, this is why you're broke.png [View same] [iqdb] [saucenao] [google]
696542

>>696429

it took me literally 20 seconds to look on yahoo and see this company's assets/debt to know that this company would be going into the trash.

i hope you didn't lose your money over a shit company.

>> No.696570

>>696542
Would you mind elaborating a bit on what to look for in such a company? I mean they clearly have more assets than debt and I think this is already better than all startups.

Personally I would like to see 100% assets and zero debt, but many economy fags recommend having huge amounts of debt, so that you don't need to pay taxes or something like this.

>> No.696572

>>696570

Well come on look at the amount of debt they piled on in collecting those assets in just one year and that's only to june quarter. And then logically you look and say okay this company has almost as much debt as assets, in an environment where oils safely selling $80 and above like most oil companies project or whatever to make profit (i could be wrong on this number a bit) then its okay. but oils been tanking for 6months now? Or around that time if i'm not mistaken. It was a tower waiting for its supports to be taken off man and topple. Taking on a company with that much debt is never safe when logically (they cant pay it back)

>> No.696866

>>690853
Who was the target of this post?..

>> No.696917

>>696429
>>696542
As I wrote earlier in this thread, my oil recovery stocks are EXXI, MDR, and GTE. I'm confident in all of them, but EXXI is the riskiest. Those debt levels are troubling.

That said, less than a week ago plenty of major banks just gave them more. I sleep fine.

>> No.697230

>>696917

ya i mean some of these companies are so fucking huge that the banks will happily fund them with little fears and if they really wanted have enough assets to sell off and restructure if need be, so regardless of the debt they can definitely make a comeback as long as the price of oil goes up, all about when.

>> No.697371

>>690646
I have sacrificed my soul and my youth to the Bakken. I have tried to reintegrate into normal society, but I have failed. I want to go home where life is simple, where the pipes fit and a bitter, cold wind blows endlessly over the prairie.

>> No.697422

Right now oil is very dollar driven, but nothing has fundamentally changed for oil itself. Tomorrow is the EIA report. However, if you're currently short oil you may want to consider something to absorb the weakening dollar.

>> No.697462
File: 89 KB, 639x311, DSCN3384.jpg [View same] [iqdb] [saucenao] [google]
697462

>>697422
I have a liquidity crisis 'cause i'm still stuffed full of uwti... at least i'm not stuck in dwti like you silly bears!

as zerohedge (our favourite doom'n'gloom blog) puts it in an article reporting China's PMI miss: "So, to summarize, for anyone confused: both good and bad data is a green light to buy stocks." and "So with any "favorable" data being cherrypicked at will, it was only expected that with this week's latest API data on deck which is set to report anothet massive inventory build, that oil would rise, on however one wished to interpret the overnight data. WTI, Brent up for 2nd day amid weaker dollar and better-than-expected manufacturing data in Germany and Eurozone offset speculations of another build in U.S. crude stockpiles. Median est. in Bloomberg survey of EIA shows build of 4.75m bbl."

>> No.697476

Well the Hedge funds are short the dollar, but also are short oil. It's about waiting now.

>> No.697511

>Americans wake up
>Commodities go on a massive sell off, ruining the bullish overnight buildup.

kek.

>> No.697596

Why is UWTI going up still and is it going to dip again soon

>> No.697829

Bump

>> No.697832

>>697829
shhh... all the bears are sleeping.

>> No.697836

I bought erx the day of the fed rate announcmeent, i don't blame people for trying to go in on dwti i don't think the big oil recovery is happening right now but everytime it reaches a new low and there's no further big bearish news to push it, naturally rebounds for a few weeks.

>> No.697842

>>697832
Bulls are asleep at the wheel.

>> No.697874

>>690646
Will the EIA report make a difference tomorrow?

>> No.697883
File: 162 KB, 588x462, The Truth.png [View same] [iqdb] [saucenao] [google]
697883

>>697874
I'll also refer to this:
>>697462

Basically, it depends. The dollar might be done selling off by now though. Might.

>> No.697893

>>697883
Yea I think I'll sit back and wait for now

>> No.698024

anyone holding through the EIA report tomorrow?

>> No.698153

>>698024
I am. 50 shares. If I'm wrong, gonna long UWTI until summer or later (if SA still pumping).

>> No.698191

>>698153
I'm holding a small amount, but if oil continues sideways I'm going to bail out until a trend is reestablished, whether it be due to the dollar, or due to oil itself.

>> No.698198

>>698024
Well it's been building up so I might just short it on CFD right in the am and sell as soon as I make a buck

>> No.698851

>>698198
Reports out in a few minutes.... holding 150 shares of DWTI with a tight stop.

>> No.698857

More than 8 million barrels

>> No.698862

Report is very bearish but crude is still holding up. I'm guessing algos are readjusting and we'll see a drop soon

>> No.698865

Well it seems DWTI is finally reacting, UWTI sold off fairly quick.
For the bulls watching the thread, don't worry, oil fundamentals may look pretty bad; but, something will probably happen to the dollar.

>> No.698870

>>698865
So wtf is going to happen? And it took longer for the market to adjust than anticipated -___-. Kicked out at 134.... reentered at 138 with a looser stop

>> No.698871

>>698851
Yeah I fucked it up though, just playing with tiny money and bought the wrong way both ways.

>> No.698875

>>698870
That's the large percentage gains question.

Gentlemen, oil is screwed fundamentally. The only hope it has is grasping at straws.
For us when it comes to price we need to figure out an even more complicated beast: the dollar.
Only then can we hope to figure out if oil will go down.
As it currently stands oil can oil continue sideways. The only way up would be if the Fed goes negative interest rates or increases the money supply.
Everything is working against oil right now, inflation is bumping up against 2%, there's a lot of production and no sign of it stopping. But, oil won't drop because of the dollar, and it won't go up either because of oil.

>> No.698876

>>698870

Well there was less oils then last week so its possible it was predicted as "bullish" news even. I'm long half my position erx still, just waiting nice and patiently, i aint touching dwti anymore, that's fire.

>> No.698889

>>698870
i think its stabilizing. i'm not sure why the storage 'crisis' is losing power... maybe anticipation that europe and the US will be able to make gains against china's downturn... i dunno. but futures look a lot more realistic than just two weeks ago. market isn't anticipating $60/bbl until Jan 2017.

>> No.698895

crazy swings going on today. I might leave oil alone for awhile once I close out my short.

>> No.698897

If you're going to invest in oil, the only current safe bets are for distribution and storage entities. The mining, refining, and sale of oil shall not recover for a long, long time.

>> No.698898

There's probably still a little more room on the downside, which is why the shorts are stacking up. One final capitulation, but WTI in particular staying around $48-52 for the rest of the year is probably what will happen after the final push down.

As was said in previous threads the next bet will be on shorting companies who can't handle cheap oil.

>> No.698922

>>698898
i want to agree with this... but there is so much going on right now i wouldn't bank on it. i agree with you that the dollar is the beast that needs to be tamed. it's probably because i don't balance the doom i read with sunshine and rainbows, but the dollar being the top of the shit-pile doesn't fill me with much confidence.
brics, aiib, and cips in particular....

http://www.washingtonpost.com/blogs/innovations/wp/2015/03/10/the-one-chinese-innovation-that-could-change-the-way-we-think-about-money/

>> No.698957

>>698922
So do you believe there will be a crash? Recession? Oil will dive?
Or more money pumped in? Stocks rally hard while the world burns money for fuel instead?

>> No.699056

Oil is back where it was, that's the story of our lives at this point.

>> No.699074

Oil is being insane right now

>> No.699079

>>699056
>>699074

>shorting oil too hard after its had atleast a weak for traders to accept the fact it wasn't going to hit past $42 for the month

playing with fire if you're trading on fundamentals sometime

>> No.699083

>>699079
What do you mean?
Talk to me like I'm ten

>> No.699095

>>699079
Except this is entirely dollar based. The fundamentals for oil speak for themselves.
There's definitely territory to retrace before anything else comes in, but this story isn't based on one thing.
Here's what the trend says: good or bad news: buy oil. That says there's a strong up trend right now.

>> No.699097

another spike

glad my stopped kicked in earlier

>> No.699101

If I listened to myself about the bull statement, UWTI would have killed.
Though that's talking about potential trades, and you can get into a lot of trouble if you do that.

>> No.699102

Sold dwti at a loss. This ride is too crazy

>> No.699165

>>698957
no, sorry. I should have been more clear. I don't think we can count on 48-52 oil the rest of the year yet. for me, 48-52 oil is a rosy picture and I don't think we're 'in the clear' yet. sustained strong dollar will begin hurting gdp and I think oil futures are partially based off of the 2-3% gdp increase forecast for the US this year. and yes, I am still leary of oversupply and persistent low oil while clearing the glut.
the long-view for the dollar, imo (as a reflection of the potential economic impacts of cips), doesn't support its current strength.

>> No.699171

You guys realize Saudi Arabia is preparing for war with Yemen right? That's the recent spike.

>> No.699176

>>699101
I listened and rode uwti a bit with 1% stop. made $300 from 2.32 to 2.47 before I chickened out. When Mr. Market isn't paying attention to fundamentals what am I to do other than party along with him???

>> No.699177

>>699171
nope... had no idea what was going on. just got lucky and caught a crazy spike around 1.30 est.

>> No.699208

>>699165
US has been making a lot of headway in becoming less reliant on exports, but if the world economy weakens that will effect it more than a strong dollar would. Strong dollar in a weak global economy will mean exports aren't going to be very good. But the dollar will be a safe haven so US assets will be the safe play.
Inflation will most likely force the Fed's hand so interest rates will rise probably this year, unemployment has been good for a while now.
Over supply will become a less of a problem later in the year as the news of late has said since most of the effects will be felt then. Once consolidation starts happening in combination with Saudis adjusting and other things.
I'd expand my real price target to $45-$50 by end of year, it's a bit wide, but I don't see $30s as sustainable for the average price by end of year and dips to lower $40s are possible interday. Overall I think price would be moving around the $45 strike.
Also based on how futures are calculated price wise, interest rates getting a boost would result in a higher price, but the stronger dollar would send it down.

>> No.699212

I just want Canada to slay OPEC already.

>> No.699231

>>699208
>unemployment has been good
you know, I heard a radio spot yesterday where a local company is offering $100 just to show up for a pre-interview. I don't know the exact terms... maybe you have to have 3 yrs experience with whatever they do to get the cash... but I've never heard of cash incentives for pre-interviews before. at the same time, there are still lines at the shelter and food bank. crazy times.

>it's a bit wide
yes... but that is where I see it too with current information. however, being pulled into another regional war like >>699171 would change the entire outlook.


>

>> No.699259

>>699231
War especially in the Middle East would change the whole equation.

And you would be right to say like the good ol' days after 9/11 to that. Look at the historic price of oil.

This brings us to the Question of the Day:
What do you think is the fair value for oil?

>> No.699276

>>699176
>intraday fundamentals
you guys are funny

>> No.699427

So Oil had a good rally today, there will probably be profit taking tomorrow, though this doesn't mean oil won't go positive tomorrow.
>>699079
Like this guy insinuated, we're in a strong uptrend, today proved that, though the Yemen situation helped push it forward.
Oil could either retrace all the way up to $52, or it can start moving sideways at $50.
If you are in DWTI it would probably best to exit at the soonest possibility, though it depends how you're trading it.
Maybe the Fib guy can provide some insight.

>> No.699466

God I want to play with oil but I'm robinhood poorfag status and any time I sell I have to wait like four days to get my money to buy again.

But I can't use any other broker (do the even have faster turnarounds?) because the fees would eat my slim daily profits

>> No.699476

>>699466

robinhood forces you to hold for four days?

>> No.699481

>>699476
When you sell they hold the money for "up to three business days" which can turn into five real days if a weekend is involved. The proceeds from your sale are unavailable to purchase new stock or withdraw into your bank account (which also takes another five days)

>> No.699500

>>699481

that's awful man

>> No.699502

>>699481
that's how all cash accounts work.

Get a margin account

>> No.699514

>>699481

Do you the pattern day trader rules? If so, you can daytrade up a to a few times, unless you just simply don't have the capital to cover even two trades...

>> No.699735
File: 469 KB, 694x814, boom boom.png [View same] [iqdb] [saucenao] [google]
699735

So oils running at 49.70 right no, expect $50 by european trading hours i'm guessing maybe even higher by US. Not too positive but i imagine things might get bullish tomorrow from fear of oil supply/trade being disrupted if war spreads.

>> No.699740

Looks like it's taking off again.

Is the Iran deal already priced in?

>> No.699748

>>699740

If you mean the nuclear deal iran is being pretty shifty, they know they have some leverage because no one wants them to have nukes (unstable as fuck country) so estimates are it won't be finalized until june. No clue when markets are going to price that in

>> No.699791

>>699735

How is this gonna help WTI with inventories skyrocketing to its grave? The most plausible scenario I can think of is US exporters could depend on US oil to increase war profiteering, but I doubt that much would improve the current oil crisis.

>> No.699796

time to go bullish on Oil. I don't see this going down anytime soon with the Yemen conflict unless OPEC decides to raise production.

>> No.699809

if I was holding DWTI I would be on suicide watch right now

>> No.699820

>>699809
Ah it's all chance, this market ain't predictable. You win some, you lose some, it's going to bob up and down a hundred times before it gets dependable again.

Shit, today was a lucky one for me, very nearly hit my stop loss, thank shit I didnt'

>> No.699835

>>699820
Are you holding dwti like I am? Guess I'm going to sell tomorrow rather than lose the last bit of gains from this year.

>> No.699842

>>699791

The thing is..a war in the middle east even a small one really isn't going to affect things THAT much oil wise, i mean most of the middle east doesn't want things to fall apart so is helping saudi arabia if i'm not mistaken. When it comes to war fundamentals and everything else don't matter one bit

I've been holding erx for over a week so i'll see a nice little 10-15% return i'm sure.

>> No.699844

>>699842
that shouldn't affect us at all if Oil wasn't tradeable since we get 85% of our foreign oil from Canada and Mexico

>> No.699845

>>699835
Nah I'm on the CFD train.
Shorted Oil this morning and lost a handful.
Tried to bandwagon and nearly lost the same handful again. Got fed up and decided to stick to my stops rather than cut my losses and made two handfuls.

Not a bad day, but definitely far from expected at this hour...

>> No.699848

>>699844

the thing is if oil prices go up almost $5 or more in literally 1 trading day everyones going to be affected in my opinion just by bullish sentiment and emotions. I'm, not saying this is the big recovery but just knowing the market when literal bombs are dropping people panic and start buying. Same amount of oils going to be pumped out unless someone nukes saudi arabia but won't stop people

>> No.699865

>saudi crises
>WTI moves up more than Brent

why?

>> No.699911

>>690646

Not sure how much gasoline I bought but I did buy just under $50k in exxon stock in 2000 with life insurance money I got when my Mom died. There were probably better investments but I can't complain. Just about tripled my money.

>> No.699930

>>692918
no ,their not. EXXI, MDR, GTE financial sheets are awful. No, competitve advantage, and you're basically speculating not investing. Learn your accounting, sell those stocks, and buy better companies.

>> No.700067

>>699911

thank your mom for the sick dubs and sick life insurance policy

>> No.700070

>>699865

The Saudi shit had a small effect on markets today.

You'll start to see that tomorrow.

>> No.700071

>oil goes up
>stocks rebound hella
> canadian financials get their dick rammed up their own assholes

why? is the dollar getting stronger?

>> No.700177

Pre-market atm shows -17% for DWTI, +19% for UWTI. THE RIDE NEVER ENDS BOYS!

>> No.700183

HAPPENING TIME

>> No.700193
File: 51 KB, 3840x1080, merry christmas.png [View same] [iqdb] [saucenao] [google]
700193

Whoevers in utwi (not many i know compared to dwti) merry christmas. while sand niggers are dying money is pouring out from everywhere.

Wonder what erx will look like

>> No.700200

Probably gonna short this BULLshit rally like the waves, but there is no way in hell I'm gonna long with these high inventories.

>> No.700206

>>700200

if the nuclear deal is called off with iran cause of conflict in the middle east though i wouldn't get in too early, just MY 2 CENTS

>> No.700240

$52 it is, from a technical standpoint it'll be harder to go much further past there, but if people are feeling lucky they might beat this dead horse until they see oil. The Saudi news can only carry the market so far. If this turns into a major conflict with Saudi Arabia itself being attack and full mobilization in the region oil will probably continue upward.
Until then, oil could consolidate in the area around $52, or bounce off. Given the strength of the movement combined with other factors consolidation seems more likely.

>> No.700244

wonder is uwti will hit 3 today?

>> No.700349

Did I just get rused by the nuse?

>> No.700378

Whoever got in DWTI at 110 is making gains right now.

>> No.700425

Oil is basically a coinflip now. Fundamentals won't work short term anymore unless Yemen magically becomes stable in a few days.

>> No.700433

I take it back, I'm pretty glad I got stopped out of DWTI at $141

>> No.700449

>>700425
Man it's been a coin flip a lot longer than the Yemen news. Months longer

>> No.700467

Fuck I had to finally jump into UWTI at 2.70. Bought at 1.90 and sold at 2.20. By the time robinhood released the proceeds from the sale allowing me to buy again it was jacked up to like 2.50

I'm aging with $200 and it's giving me ulcers

>> No.700518

>USD
>yemen conflict
>high inventories
>grandma yellen tomorrow

This is like barebacking a crazy girlfriend on daddy issues, in the hopes that she won't get pregnant.

>> No.700549

I'm new to investing and kind of unsure still.

To me it looks like this is the best time ever to throw money at all. It's been dipping over a year, it's starting to climb AND the saudis just attacked yemen.

Am I wrong?

>> No.700552

>>700549
Go ahead throw all your money. Refinance the house do everything possible to make sure you have 110% of your money on oil right now

>> No.700607

>>700549
nobody knows. oil could flatline at $50/bbl for the next ten years and all your money would just sit there rotting. it could rocket to $200 like the Saudi prince promised... in some really extreme scenarios. or it could sputter all the way down to $30 (like goldman was predicting) with other extreme scenarios.

also, these oil threads have not been about investing... these are trading threads so far... filled with speculation and hypotheses. if you are interested in 'investing' you should probably start with bogle and graham... Also, stay away from traders. they are lying scum and usually broke.

in other news, I bought into both uwti and dwti with 1% stops... just waited to be kicked out of both... thought maybe i'd get lucky and catch a spike. ended up +$40. not worth the risk or downtime.
I think the fun might be over. I guess we'll see Wednesday............. :(

>> No.700619

>>700607
To be fair some people have talked about long term investing in Exxon and the like, also shorting bad companies which is sort of an investment strategy. Though, it's true most of this has been
>DWTI is crashing it's all over
>UWTI is crashing it's happening
>My SL just got hit I just lost all my savings
All in a day's work mind you.

>> No.700627

>>700518
Time to short?

>> No.700639

Will BAC ever be be a good stock to buy? My relative swears that it will reach $40

>> No.700657

>>700639
>BAC
I swear I'll fly someday!

>> No.700687

I don't even know what to think of oil anymore... I got in at 1.85 and got out at 2.25. I want to get back in but I know that the supply is still bearish.
One question... With rate hikes does oil go up or down?

>> No.700710

>>700687

>petrodollars

Rate hikes = stronger dollar = all commodities denominated in dollars should fall.

>> No.700718

>>700710
I bet theirs no rate hike or threat of it tomorrow, the economy is too fragile, so crude and uwti should rally tomorrow. Then again shit looks oversold again so who the fuck knows.

>> No.701032

Saudi escalation seems imminent, I'm going long tomorrow just to ride the hype

>> No.701035

>>701032
pepper it

http://www.theguardian.com/world/2015/mar/26/yemen-egypt-troops-houthi-rebels-air-strikes

>> No.701043

I'll go long tomorrow. If it does dip later on then I'll just keep adding.

>> No.701049

Obama and Iran are going to kiss and make up.

Oil's gonna go down.

>> No.701066
File: 79 KB, 490x368, image.jpg [View same] [iqdb] [saucenao] [google]
701066

>>701049
Probably, but my sources say SA is preparing for a lightning invasion with Egyptian help, I'm counting on this being the headline not something boringly rational like "Our relationship with Iran is probably fine, for now...kinda"

>> No.701305

Off topic, but what is the exact post and image limit?

>> No.701321

300. Someone should make another one. DWTi up 8% premarket.

>> No.701444

>>690646
Oil going down. FML..

>> No.701481

So, what do you guys think the queen of /biz/ aka Janet Yellen will say? No rate hike just yet? Things seems so volatile right now that ANYTHING could affect the price of oil these days.

>> No.701495

>>701481
I don't think a rate hike will happen until at least June. I don't think many are expecting that announcement to come today, so I doubt oil will be greatly affected by it

>> No.701659

-21 Rigs, it's slowing down now. Yellen will be the moving factor today.

>> No.701781

>>701659
-21 Rigs is bullish news but no effect on UWTI.

>> No.701809

>>701781
>bullish

no, it indicates a slowing of rig closures therefore UWTI is tanking.

>> No.701816

good god! what happened at 2 to move it like this??? dwti up to 126 from 117!

>> No.701820

anyone have a chart showing rig closures vs storage builds handy to post?

>> No.701823

so if there's a deal with the us/iran, will oil go up or down?

>> No.701864

I can't believe the Yemen rally only lasted 1 day

insane

>> No.701866

#beggingforthecrash

>> No.701867

someone make a new thread

>> No.701868

>>701823

Down

>>701864

It just goes to show how weak oil really is. At this point I am starting to think oil isn't coming back up at all until the Kingdom has destroyed every last little bit of non-traditional oil extraction competition in the US and Canada

>> No.701872

>>701869