Crude Oil - Page 2
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Thread: Crude Oil

  1. #11
    how come nobody is interested in oil?
    It has been moving like crazy Nowadays

  2. #12

  3. #13
    Quote Originally Posted by ;
    how come no one is interested in oil?
    It's been moving like mad nowadays
    Its been moving like mad downward even when we had great news. I look at Crude Oil and im confuse. I am aware that global incertainty is bad for oil, but I dont understand why we keep moving downward all the time. Is it because the summer is over and people dont travel?

  4. #14
    Quote Originally Posted by ;
    Its been moving like crazy down even if we had great news. I look at Crude Oil and much more im confuse. I know that global incertainty is poor for oil, but that I dont even know why we keep moving down all of the time. Is it because the summer is over and people dont travel just as far as they did?
    The situation with Iran is still brewing. The USA has Iran thoroughly surrounded with all the focus of maintaining the Straits of Hormuz open. Up to 30 percent of the planet's oil supply passes through the Straits. Why do you believe that the U.S. deployed 4 aircraft carriers in the region?

    Accusing Iran about nuclear weapon development is a farce. Each of the U.S. is trying to do is to secure the oil supply and maintaining the Straits open is critical towards attainment that goal. As long as the situation stays status quo, the price of oil will stay suppressed.

    Moreover, economies around the world are still struggling to keep any semblance of expansion. The market is expecting entire demand for oil to collapse as the economies continues to be weak. As such, the price of oil will struggle to rally.

    Having said the above, if war breaks out in the Middle East, all hell breaks loose and you may see the price of oil increase at a relative short span of time.

  5. #15
    Have you guys have a look at commo?

    When I look at sugar/coffee it's seems it's being bought greatly at each bottoms...

    Oil too but not as strong as the ones that are soft.

    Can't wait to see the outcome of it at the next few weeks/months.

  6. #16
    Oil appears to have gained support from the mid to high $84's. I believe it's likely to go up into the 90's short term and break $100 in January.

  7. #17
    Friday knocked oil back down to the former support area giving everyone another opportunity to load up before the next leg up. Gold and silver are at attractive levels . Let's see what this week brings us.

  8. #18
    Quote Originally Posted by ;
    This may sound like a dumb question so please don't make fun of me. Considering that the oil prices are going up does this mean that the USD would be going up also?
    Think about the crude oil demand and supply.

  9. #19
    Quote Originally Posted by ;
    I trade Oil occasionally. Not having much luck with it however.
    Same here. I have done much better with Gold and Silver than anything else. Natural Gas is kinda hit and miss with me.

  10. #20
    Quote Originally Posted by ;
    This might seem like a stupid question so please don't make fun of me. Since the oil prices are moving up does this mean that the USD will be moving up also?
    Good luck for you65292; are you a trader or analyst#65311;

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