With the US election due that's not gonna happen |
Although the above report is from November 23 there is no difference. |
https://auroraer.com/insight/strait-of-hormuz-report/ |
Close the Hormuz straight and oil hits $120. |
*BIDEN SAYS DISCUSSING ISRAEL STRIKING IRAN OIL FACILITIES |
keep rallying Oil! burn the shorts give them generational nightmares. |
Probably. The Iranians appear to be targeting military units. Sadly the other side seem to be craving fir innocent lives |
They won't go after Israeli oil, they will just make the Hormuz straight untenable to any shipping. |
A massive spike coming |
Israel can go after oil refineries but so can iran. They can go after israels oil as well. |
Yen always rallies on every geo incident. This week Yen crashed, Dollar went up. This shouldn't have happened. Oil was supposed to go down after the missiles but it's threatening to burn the shorts first. Good R/R in oil long trade. Long $60 range, short $80 range. Buy 69 call, sell 80 call expiring Dec. |
Israel attack is one factor, but the main factor is non-commercial's very large short position against oil. If crude goes above $75, there will be massive short covering rally. Danger here. So for short term oil and oil stocks could rally till late Oct. |
Article in today's Guardian newspaper re Israel may go after Iranian oil infrastructure to crush it's economy as payback for missile barrage.. |
In 1973 POO rose by 5 times. So in today's price poo will be 350dollas a barrel.
Not happening. All countries will collapse. |
When the Israelis go for Iran's oil infrastructure, just a matter of time, poo will fly.. |
Agree wolf. This whole thing wil be over by xmas |
You confirmed the overcrowded bearish sentiment. First they going to take your lunch and mortgage money before it goes to low 60s. |
All this escalation won't last long.Oil will be back in the 60's after a week! |
Israel may attack Iran's oil facility Abadan Refinery. If so, the risk is to the upside for a short period. Oil sentiment is crowded bearish by non-commercials, but commercials are mega bullish similar to Dec 2023. Good risk reward here. |
My shirt has gone short. I've pit on weight |
Or there loose there shirt lol ! |
Short !!!! |
Any one shirt on oil stocks will be re buying now !!! |
Good volume on a spike....back in here. |
FWIW afaics average of all 2024 2H gross Jubilee cargos to date (which in itself is ave of the post 5 day brent price on/after bill of lading date) is about $78.75. Jubilee would seem to be somewhat under 90K now, maybe 87.5K bopd. Aug was probably closer to 90K.
Isn't the arbitration result (unless delayed) due Oct/Nov? |
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