USOIL is really taking a beating? No summer travel, everyone stays at home.
The low is in for oil.
Posted 24 March 2020 - 05:52 PM
USOIL is really taking a beating? No summer travel, everyone stays at home.
The low is in for oil.
Posted 24 March 2020 - 05:54 PM
Posted 24 March 2020 - 05:57 PM
where would you short the spx ?
OIL may make new lows since demand has plummeted, less driving, airlines grounded, stay home mode etc
However, at any time there could be TALK of a deal between Saudis and Putin or even talk of a meeting that will produce a 25% rally in crude, or more.
Posted 24 March 2020 - 06:04 PM
Quite possible!
Posted 24 March 2020 - 06:05 PM
Posted 24 March 2020 - 06:05 PM
If one person gets sick on a cruise, you'll be extending your "vacation" a month.
"When your position is underwater, average down" - Professional Trader
Posted 24 March 2020 - 06:10 PM
USOIL is really taking a beating? No summer travel, everyone stays at home.
The low is in for oil.
You could be right! One thing about this market, everyone has their ewaves pointing toward $15.......kiss of death in this market.
Posted 24 March 2020 - 06:21 PM
It's going to crap out quick?
Posted 24 March 2020 - 06:21 PM
USOIL is really taking a beating? No summer travel, everyone stays at home.
The low is in for oil.
You could be right! One thing about this market, everyone has their ewaves pointing toward $15.......kiss of death in this market.
If I remember correctly, oll led stocks down. Now off about 50-60%. If it goes to 15 it won't stay there long.
Now if you want to look at something to short look at alternative energy were oil competes. I have't looked but at these low levels for oil alternative energy is expensive. A very risky idea but it feels right.
Posted 24 March 2020 - 09:26 PM