Oil 11 (Nov 17 - Jan 21)

Re: Oil 10 (Sep 16 - Dec 17)

Postby winston » Mon Mar 12, 2018 10:07 am

Oil: 62.04, +1.92.

After breaking below the 50 day MA, Oil rebounded, but still in a lateral move along the 50 day MA the past four weeks.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Oil 10 (Sep 16 - Dec 17)

Postby winston » Wed Mar 14, 2018 9:29 am

Hedge funds start shorting oil again

Last week, hedge funds and other money managers increased their short bets on oil futures by the most this year, perhaps an indication that investors are not convinced that oil prices will hold at current levels.

The surge in U.S. shale production, which has forced forecasters to continuously revise up their expectations, is starting to weigh on sentiment.

“The market’s entire focus is on these just amazing production numbers,” Bill O’Grady, chief market strategist at Confluence Investment Management, told Bloomberg.

For the week ending on March 6, hedge funds and other money managers slashed their net-long position by 4.3%, which was largely the result of the 15% increase in short bets.

Source: Oil Price Intelligence
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Oil 10 (Sep 16 - Dec 17)

Postby behappyalways » Fri Mar 16, 2018 9:30 am

US shale to propel oil production growth beyond rising demand, admits Opec
https://www.telegraph.co.uk/business/20 ... nd-admits/
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Oil 10 (Sep 16 - Dec 17)

Postby winston » Mon Mar 19, 2018 8:39 am

Oil: 62.41, +1.22.

Still in the lateral move that started with the February selling.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Oil 10 (Sep 16 - Dec 17)

Postby winston » Mon Mar 26, 2018 8:26 am

Oil: 65.88, +1.58.

Surging upside and now putting the moves on the January peak at 66.66.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Oil 10 (Sep 16 - Dec 17)

Postby winston » Mon Apr 02, 2018 3:34 pm

Oil: 64.94, +0.56. Setting up a handle to a 2 month cup, forming up right
below the January peak.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Oil 10 (Sep 16 - Dec 17)

Postby winston » Mon Apr 02, 2018 3:34 pm

Oil: 64.94, +0.56. Setting up a handle to a 2 month cup, forming up right
below the January peak.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Oil 10 (Sep 16 - Dec 17)

Postby winston » Mon Apr 09, 2018 9:47 am

Oil: 62.06, -1.48.

After bumping the January high two weeks back, oil has faded and now is fighting to hold the 50 day MA.

Source: Investment House
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Oil 10 (Sep 16 - Dec 17)

Postby winston » Mon Apr 16, 2018 10:25 am

Oil: 67.39, +0.32.

Nice break higher off the 50 day MA to a higher high, moving past the last January peak.

Source: Invesment House
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118527
Joined: Wed May 07, 2008 9:28 am

Re: Oil 10 (Sep 16 - Dec 17)

Postby behappyalways » Sat Apr 21, 2018 9:03 pm

OPEC Can Live With Tweets So Long as Venezuela Gets Worse
https://www.bloomberg.com/gadfly/articl ... gets-worse
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

PreviousNext

Return to Archives

Who is online

Users browsing this forum: No registered users and 3 guests

cron