Oil rises to new six-month high.....Do I hear $75, $100, $150, $300

Discussion in 'Wall St. News' started by S2007S, May 28, 2009.

  1. plan

    plan

    I think oil should be around $40 -$50 according to supply/demand. The last $20 is just the inflation trade/USD weakness.
     
    #51     Jun 6, 2009
  2. Didn't they predict $200 oil last summer?
     
    #52     Jun 8, 2009
  3. ttbodnar

    ttbodnar

    Yes they did which means they are doing the standard Goldman cover their position into their upgrade/downgrade
     
    #53     Jun 8, 2009
  4. Speculation drives oil prices, not (much) supply-demand

    The big speculators (banks) have no money now.
     
    #54     Jun 8, 2009
  5. As a "paper-trader" you obviously live in Fantasy Land.

    Right now, crude oil is nearly 40% above your $50.00 number and 100% above your so-called "fair value" number for Crude at $35.

    In fact, it's been SUSTAINING TRADE > $50.00 since March 17th.

    You obviously don't trade for a living.
    You obviously have no clue what you are doing, yet you post on these message boards as if you do.

    Your predictions have been ( and are ) a TOTAL JOKE!

    :D
     
    #55     Jun 8, 2009
  6. S2007S

    S2007S

    $75 ever so close, maybe $80 next week, will be getting very close to shorting oil. No chance what so ever of a turn around in this economy with oil moving higher, the economy cannot sustain any growth with skyrocketing oil prices. $85+ oil will feel like $130+ oil in todays slow economy.
     
    #56     Jun 10, 2009
  7. cashcow

    cashcow

    All depends upon what the dollar does, however I would be selling around $72 and expecting a drop back down to $66 over next few weeks.
     
    #57     Jun 10, 2009
  8. Saying is one thing which is different from acting. Learn the market, buddy.
     
    #58     Jun 10, 2009
  9. usman88

    usman88

    couldnt agree more
    but hey without these type of people how else can we earn easy money ;)?
     
    #59     Jun 10, 2009

  10. where ever would this market be without positive thinkers?

    never mind about the human costs, and the damage to the economy and to personal ecomomies of real families, suffering real damage due to these speculative / damaging spikes,

    never mind about that, just let's bank the profits and run...

    Oil $71.33 +$1.43 Wed June 10th, 8:43am Est

    never mind about the consumers of oil

    just us traders, bankers, lawyers and such....

    anyone else say: "dollar, dollar, dollar Bill, y'all"?
     
    #60     Jun 10, 2009