Wt Wti Crud 1xs Discussion Threads

[miguelh21] 17/7/2015 13:57

Least I am making some money here!

[dead on the water] 16/2/2015 10:52

are you out now spob?

[spob] 10/1/2015 18:02

No doubt we are near the top here

But to succeed in trend following, you have to have cold hard rules based on price movement that dictate when you exit a position

The market will decide when I get out, not me

[nofool] 08/1/2015 18:01

Well done spob, another of your screamers. Must be nearing the top now though?

[spob] 08/1/2015 08:19

No bail out for me

Follow the trend

When the trend reverses, my profit protection trailing stop loss, will exit my position

Not before

[rivet] 12/12/2014 10:30

Bail out at 70 or 75? ...... Or could we have a 2008 rewind.

[spob] 11/12/2014 09:08

Thanks Praipus

[praipus] 08/12/2014 16:50

SBRT?

First noted by hpcg on the SHA thread

Daily Short Brent Crude Oil added to energy complex on "ETF Futures" thread below

[spob] 21/6/2012 08:14

I notice that OILB is based on Brent

and SOIL is based on WTI

has that always been the case ?

and is there an alternative short vehicle for Brent crude ?

[spob] 21/6/2012 04:24

Oil prices have been detached from reality for too long

when the Oil price is manipulated too high

people stop using it and the economy crashes

[spob] 21/6/2012 04:17

Oil Falls to Eight-Month Low as U.S. Supplies Increase

Bloomberg

By Ben Sharples - Jun 21, 2012 2:06 AM

Oil fell to the lowest price in eight months after crude stockpiles unexpectedly climbed to the highest level in 22 years in the U.S., the world's biggest user of the commodity.

Futures slipped as much as 1.3 percent in New York after dropping 2.7 percent yesterday. Inventories increased 2.9 million barrels last week to 387 million, the most since July 1990, an Energy Department report showed. Supplies were forecast to shrink 1.3 million barrels, according to a Bloomberg News survey of analysts. Prices extended their decline after Federal Reserve policy makers lowered the outlook for U.S. economic growth and employment.

."The Fed comments combined with the inventory numbers give a sense that the demand destruction is still there," said Jonathan Barratt, chief executive officer of Barratt's Bulletin, a commodity-markets newsletter in Sydney, who forecasts that New York crude has support at $80 a barrel. "I think you'll see OPEC starting to murmur about quotas" if oil drops below $80.

Oil for August delivery slipped as much as $1.06 to $80.39 a barrel, the lowest price for a front-month contract since Oct. 6, in electronic trading on the New York Mercantile Exchange. It was at $80.42 at 11:01 a.m. Sydney time. The July contract, which expired yesterday, fell $2.23 to $81.80. Futures are down 19 percent this year.

Brent oil for August settlement decreased 58 cents, or 0.6 percent, to $92.11 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium to West Texas Intermediate of $11.69 after closing at $11.24 yesterday, the lowest level since January.

Fuel Demand
U.S. crude inventories increased in the week ended June 15 as production and imports gained, while total fuel demand fell 4.2 percent, the biggest decrease since March, the Energy Department report showed yesterday.

Crude production climbed 117,000 barrels a day to 6.35 million, the highest level since February 1999. Imports rose 328,000 barrels a day to 9.45 million, the highest level since March.

Gasoline stockpiles increased 943,000 barrels. They were forecast to increase 1 million barrels, according to the median estimate of 11 analysts in the Bloomberg survey. Distillate supplies, a category that includes diesel and heating oil, climbed 1.16 million barrels, compared with a projected 1 million barrel gain.

The Organization of Petroleum Exporting Countries resolved to adhere more closely to its output limit of 30 million barrels a day at a meeting in Vienna on June 14. The decision gives flexibility to Saudi Arabia to cut output depending on demand, former Algerian Oil Minister Chakib Khelil said yesterday in a Bloomberg Television interview.

Fed Forecast
Fed officials lowered their estimate for growth in gross domestic product this year to a range of 1.9 percent to 2.4 percent, compared with an April forecast of 2.4 percent to 2.9 percent. The unemployment rate will end the year at 8 percent to 8.2 percent, up from a previous range of 7.8 percent to 8 percent, they said.

The policy makers extended a program until the end of this year aimed at reducing borrowing costs to spur the economy, by selling $267 billion of shorter-term securities and buying the same amount of longer-term debt.

[spob] 23/5/2012 19:33

aye, along with short copper for me

SCOP

[chrisis33] 23/5/2012 18:08

With both Oil and the GBP falling versus US$ over the past few sessions, this has proved quite a good folio hedge for me.

[daz] 04/5/2011 12:10

Bought in today, I think oil has to come back at some point, the US driving season has to be affected by the high oil price.

[spob] 12/4/2011 14:53

Bought some SOIL today


I anticipate very significant demand destruction at current oil price levels.

Quickly followed by The Great Crash of 2008 - PART TWO.

Hold on to your Tin hats folks.


OILB 67ish

SOIL 50

BARC price 3068.8

Sterling 1.63 ish

NYMEX $107.44

BRENT $122



12 Apr 2011

[machoolahan] 08/9/2009 14:10

That'll be a no then :S

[machoolahan] 01/9/2009 09:26

This time lucky?

[machoolahan] 11/8/2009 20:46

Mid-way on the roll-over then....?

Nov - Sep still ~ 4.5%

[machoolahan] 06/8/2009 17:53

Sorry Andrew but frankly that's a wild prediction.... What makes you so sure!?

Personally I think it will go to the right from here, over time...

[andrewbaker] 06/8/2009 15:38

Belay post 51! In this mad market, it seems that crude oil is going to continue going up at this time: or is it. I'm not going to take any position until a reversal occurs at an extreme. Believe me, either it will go up, or go down, or stay the same. Quote me on this.

[machoolahan] 06/8/2009 13:46

It's just fu*king crackers this (FTSE now at 4720). Surely gonna end badly.....