eom
Oil is not buying it ... down 7% as I write this.
Started by
Dex
, Mar 26 2020 01:41 PM
4 replies to this topic
#1
Dex
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Posted 26 March 2020 - 01:41 PM
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#2
pdx5
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I want return OF my money more than return ON my money
Posted 26 March 2020 - 02:09 PM
eom
Oil is all about supply war between Saudi's and Russia. Until that reaches a truce, oil will stay low regardless of covid-19.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
Dex
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Posted 26 March 2020 - 02:34 PM
eom
Oil is all about supply war between Saudi's and Russia. Until that reaches a truce, oil will stay low regardless of covid-19.
I think that is priced in. This action is about an economic pick up. If those who play oil thought the economy is going to pick up they would buy.
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#4
LMF
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Posted 26 March 2020 - 02:42 PM
The oil top began forming middle of 2016......way before the current virus shenanigans.
#5
Dex
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Posted 07 April 2020 - 02:26 PM
Oil not buying it again. Down 7% as I write this.
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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