Oil is surging ..15% rally from lows

yo handjob, Oil is up from it's lows because of something called a roll gap which happened to be $9. It has just fluctuated in a range since.

You couldn't trade your way out of a paper bag.

 

Oil can;t even rally and take out $40 on this conflict.
Oil is headed lower over the coming weeks/months.
Sell into any strength.

 

I agree oil cnat even take $40 off
IT going to probably $30
$20 can be possible but it will very low in my oponion

 

I'm still baffled b how it fell so much. Oil should be at 80 at the very least.

 

Oil might be manipulated upward going into the 31st so the oil cos can report higher reserves.

 

Take $80 as the pre-bubble fair price, now demand has fallen by 7 million bpd while OPEC only cut 2 million bpd in prod, you get a supply glut. At least for a while.

Now all those marginal projects are getting shut down, so just wait and see what happens when demand starts picking up again...

 

Gee he's really on to something - noticing oil is up in the morning, and getting all gung ho about it.

 

What's to be baffled about? You aren't a commodity speculator , you have no idea how commodities trade.

 

believe bottom was out in place on uso today

 

Why?