inthemoneystocks wrote:The commodity oil is going lower, as I predicted a week ago. The $75 level was a major technical resistance point (seen on the chart) spanning back years and common sense told you not only would July 4th mark a high pivot, but President Donald Trump would start ripping OPEC to get oil down into the mid-term elections. Every political party in charge talks oil down into elections to get a few extra votes. This November is one of the most important elections in recent history. These factors all spell major trouble for oil. I have a first support target of $66 in the charts from my short alert at $75.00. The first target is just that, a quick bounce before oil heads even lower into November. The final target into November is $55.00/bbl. See you there!
Gareth Soloway
onlooker wrote:https://markets.businessinsider.com/commodities/oil-price?type=wti
WTI $44 as per Short once it hits $40 kiss the good times goodbye
Cog wrote:onlooker wrote:https://markets.businessinsider.com/commodities/oil-price?type=wti
WTI $44 as per Short once it hits $40 kiss the good times goodbye
Uh we have had sub$40 bbl oil before and didn't resort to eating long pig. I'm sure you are trying to make a point. But no one here knows what it might be.
onlooker wrote:https://markets.businessinsider.com/commodities/oil-price?type=wti
WTI $44 as per Short once it hits $40 kiss the good times goodbye
Cog wrote:onlooker wrote:https://markets.businessinsider.com/commodities/oil-price?type=wti
WTI $44 as per Short once it hits $40 kiss the good times goodbye
Uh we have had sub$40 bbl oil before and didn't resort to eating long pig. I'm sure you are trying to make a point. But no one here knows what it might be.
jedrider wrote:Cog wrote:onlooker wrote:https://markets.businessinsider.com/commodities/oil-price?type=wti
WTI $44 as per Short once it hits $40 kiss the good times goodbye
Uh we have had sub$40 bbl oil before and didn't resort to eating long pig. I'm sure you are trying to make a point. But no one here knows what it might be.
I presume peak oil AND $40 bbl oil combination doesn't bode well. It means nobody wants the oil, it is not economical to go after shale oil, and as the economy runs on oil, what 'economy' would be left? Something like that, possibly, no?
Get on here and make a SPECIFIC prediction for oil
Uh we have had sub$40 bbl oil before and didn't resort to eating long pig. I'm sure you are trying to make a point. But no one here knows what it might be.
FuelShortageComing wrote:The rich are about to become poor real fast. All banking records are stored on digital medias. Once the electricity goes out the rich become poor right away. Sweden is done. They moved to digital currency. No paper currency in Sweden. How is mass migration working out for you globalists ???????????????????????????????????????????????
South Korea has a LOW population (56 million). They will never go back to pre-corona manufacturing level.
it is just the flu people.
https://twitter.com/jenniferatntd/statu ... 2497573894
loooooooooooooooooooooooooooooooooooooooooooooooool
Cog wrote:FuelShortageComing wrote:The rich are about to become poor real fast. All banking records are stored on digital medias. Once the electricity goes out the rich become poor right away. Sweden is done. They moved to digital currency. No paper currency in Sweden. How is mass migration working out for you globalists ???????????????????????????????????????????????
South Korea has a LOW population (56 million). They will never go back to pre-corona manufacturing level.
it is just the flu people.
https://twitter.com/jenniferatntd/statu ... 2497573894
loooooooooooooooooooooooooooooooooooooooooooooooool
Another of shorty's sock puppets. Hey remind shorty he lost a bet on this forum and should pay it off. With interest.
JuanP wrote:Russia rejects new production cut agreement with OPEC. Maybe the Russians are trying to burst the shale oil bubble? I believe that the Russians are better positioned for an oil price crash than the Americans are at this time. The Russians have been saving money for years while Americans keep borrowing like there will be a tomorrow. Would this be a good time for Russia to sink oil prices and pop that bubble? It could be.
https://www.rt.com/business/482499-opec ... ction-cut/
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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