Why are oil prices so low?

Discussion in 'Commodity Futures' started by Laissez Faire, Dec 4, 2014.

  1. I moved my stop on STL to 155. today. It's a fairly tight stop and to be frank, part of the reason I'm so aggressive is that I'm in need of cash. If not, I could just have held it at 150 like forever, cause I do think it will clear 160 eventually without taking out 150 first.

    While the day was green, I was disappointed by it's lack of initiative above 160 (and dipping back below). OSE is closed tomorrow, so let's see what Friday brings.

    Regards.
     
    #221     May 13, 2015
  2. bh_prop

    bh_prop

    #222     May 13, 2015
    Laissez Faire likes this.
  3. I was stopped out of my Statoil trade today on an aggressive trailing stop at 156 NOK. That's a return of 102,59% (not-annualized) after interest and commissions.

    Unlike the after-the-fact gurus on this board who simply runs a big mouth without being able to back it with anything, I will only be too happy to post the exact blotter if anyone should doubt this, but I suppose no one really cares. ;)
     
    #223     May 15, 2015
    bh_prop and Redneck like this.
  4. barcadia

    barcadia

    Well done, LF
     
    #224     May 15, 2015
    Laissez Faire likes this.
  5. Handle123

    Handle123

    Just a matter of time before Crude Breaks below $45 and support at $25.
    Where are all the newspaper screaming day traders making Crude Oil go down?
     
    #225     Jul 16, 2015
  6. I'm sorry, but I don't see that happening. If it does, I will be buying for sure.

    In fact, I considered re-entering on a Statoil long, but it bounced 10 NOK before I had the time to react. So my analysis was once again on point. Sadly, this time without me. :)
     
    #226     Jul 16, 2015
  7. xandman

    xandman

    Do you think $50 oil is the floor?
     
    #227     Jul 20, 2015
  8. I don't make such predictions unless I'm certain, something I'm not at the time being for various reasons. Currently, I'm in no position to make an intelligent comment on the topic.

    But let's just say that I would buy after a slide, should it happen. :)
     
    #228     Jul 22, 2015
  9. bone

    bone

    #229     Jul 30, 2015
  10. xandman

    xandman

    Schlumberger thinks rig counts have bottomed. From what I have read, they have a very short half-life.

    Additionally, the multi-month bottom in CL that we just made was awfully quiet. I saw the bottom get made with a $1.00 jump down during after hours with very little volume.
     
    #230     Jul 30, 2015