Dont quite understand.
Oil move becuz Libya said that they will cut production because of oversupply in the markets.
If there is oversupply in the markets, why are prices at record high ?
Something is not right...
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Oil & Gas 01 (May 08 - Jul 08)
Re: Oil & Gas
by winston » Fri Jun 27, 2008 10:30 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Oil & Gas
by kennynah » Fri Jun 27, 2008 10:36 am
i oso think so.... to me, it's not been acting right for the last 2 weeks..
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Re: Oil & Gas
by iam802 » Fri Jun 27, 2008 10:42 am
---
Libya pumped about 1.71 million barrels per day (bpd) of oil in May out of total OPEC output of 32.12 million bpd.
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So, Libya only has about 5% of OPEC's output. And they only 'commented' about cutting output. Knee-jerk reaction very big.
Libya pumped about 1.71 million barrels per day (bpd) of oil in May out of total OPEC output of 32.12 million bpd.
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So, Libya only has about 5% of OPEC's output. And they only 'commented' about cutting output. Knee-jerk reaction very big.
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2. The trend will END but I don't know WHEN.
TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Oil & Gas
by HengHeng » Fri Jun 27, 2008 1:48 pm
prices nowadays .. has nothng to do with demand and supply .. with more than 40% of the trades speculative .. it is no longer like before where is it is a hedger's market but good things don't last .. now boom easy money now can earn earn first .. next time when market decides to turn itself on u .. then u need to know when to stop.
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Re: Oil & Gas
by kennynah » Fri Jun 27, 2008 2:19 pm
knn....by the time, i get a platform to trade crude oil...this kuniang might have already turned its tail.... 
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Re: Oil & Gas
by blid2def » Fri Jun 27, 2008 2:33 pm
kennynah wrote:knn....by the time, i get a platform to trade crude oil...this kuniang might have already turned its tail....
You cannot trade /CL on TOS meh?
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Re: Oil & Gas
by kennynah » Fri Jun 27, 2008 2:59 pm
as my PRC friends used to say :
我说ä¸å¯ä»¥ï¼Œå°±æ˜¯ä¸å¯ä»¥ (add to the beijing slang for effects)
我说ä¸å¯ä»¥ï¼Œå°±æ˜¯ä¸å¯ä»¥
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Re: Oil & Gas
by millionairemind » Fri Jun 27, 2008 3:30 pm
Just saw August Brent Crude crossed $141...
If it does not come down, get ready for Round 2 of nose bleeding in the US indices tonight..
If it does not come down, get ready for Round 2 of nose bleeding in the US indices tonight..
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Oil & Gas
by HengHeng » Fri Jun 27, 2008 3:31 pm
haha get local brokeage firm lor ..
i think quite fast 3 day settled if u got no bad debt and stuff.
anyway oil is ranging anyway .. see sawing upwards .. beh ki jiu loh lor .. anyway sold at 141.80 just now .. haha
just enter nia .. it turn .. scared me .. i key wrong.
i think quite fast 3 day settled if u got no bad debt and stuff.
anyway oil is ranging anyway .. see sawing upwards .. beh ki jiu loh lor .. anyway sold at 141.80 just now .. haha
just enter nia .. it turn .. scared me .. i key wrong.
Beh Ki Jiu Lou , Beh lou Jiu Ki lor < Newton's law of gravity , but what don't might not come back
In the game of poker , "if you've been in the game 30mins and you don't know who the patsy is, you are the patsy
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Re: Oil & Gas
by blid2def » Fri Jun 27, 2008 3:34 pm
HengHeng wrote:just enter nia .. it turn .. scared me .. i key wrong.
Okay, just enter, it turn, scare me... I can understand. "i key wrong" means?
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