Oil

Discussion in 'Commodity Futures' started by BKR88, Jan 27, 2022.

  1. BKR88

    BKR88

    Time to hit the exit for oil bulls?
    I would now or soon (low/mid 90s) if long.

    a.oil.png
     
    Last edited: Jan 27, 2022
  2. zghorner

    zghorner

    why do you anticipate a drop?
     
  3. maxinger

    maxinger

    This is probably the 1000th thread about the oil.
     
  4. Overnight

    Overnight

    Well, since the site has been around for ~1,198 weeks (or 23 years ), assuming a Jan 1 1998 start date, that would mean that there is 1.2 threads per week about oil. I do not see that ratio here.
    @Baron

    I like maths.

     
    countryBoy641 likes this.
  5. ph1l

    ph1l

    This isn't a thread count, but there have been a significant number of posts with oil in them.
    upload_2022-1-27_20-34-23.png
     
  6. Overnight

    Overnight

    Well, you suggested that there have been 1000 THREADS about oil.

    "This is probably the 1000th thread about the oil."

    There are a significant number of posts with the word "and" in them, but that does not mean there have been threads started about the word "and".

    You dig? Oy!
     
  7. ph1l

    ph1l

    It's never good enough for you. You're like a second father to me!:)
    upload_2022-1-27_20-58-48.png
     
  8. Overnight

    Overnight

    That last number you circled is key. 774? That is a hint that by mid summer, WTI will be back around 77.4.

    Sign and wonders. :)
     
    BKR88 likes this.
  9. I think very few investors have a plan of what to do if $WTIC goes over $100 and stays there.
    Scalpers don't care about it, but they don't ever really make any money anyway.
     
  10. Don't underestimate scalpers. The few who can transist a position into a longer time horizon as they see fit belong to the best daytraders there are.
     
    #10     Jan 28, 2022