Oil is Going Bananas

Oil traders can't make their minds up.

The price of Brent and crude spiked overnight amid escalating tensions between Saudi Arabia and Iran. Saudi Arabia has cut off diplomatic relations with Iran, getting people worried about the supply of oil from the Middle East.

But oil prices fell back dramatically in early morning trade in London on Monday, even slipping into the red at one point.
http://www.businessinsider.com/oil-price-january-4-2016-1

 

Lol on this articles dramatics and charts... It's JUST a dollar range, very normal for oil.

 

OMG!!!! The sky is falling!!!!!

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While all those around us lose their heads - here we calmly..., and patiently sit

Exploiting the shit out of them

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Contextualize it up - trade it..., keep the losers small - on to the next one



RN

 

No reasons to panic, oil is always nuts. There are no ways to predict the price it's not possible at all. But I agree with GS, most likely it's going to be a tough year for oil.

 

like the man said, just because it goes down in a hurry doesn't mean it will go back up in a hurry

 

Oil finished out with just a hair over 200 tick/cent range today. Slightly higher than average daily range but not earth shattering. Check back in when it moves 500 plus

 

Oil goes nuts to the upside, then eventually goes nuts to the downside, then back up again.

It's what oil does and will continue to do.

 

There was a bit of bullish divergence in oil this morning as front contract outperforms all day even on the dip, flattening the calendar curve $CL_F

 

I'm pretty sure that oil will bounce back to $100 but it's definitely won't be in 2016.
I prefer solar stocks, they're more predictable.

 

RN