OPEC Can't Agree on Cuts.....

Go figure.
The only thing that's gonna move oil up is trouble.
... don't rule it out. We are near a low.
But short any spike above $80
Thats a 52 week call btw.

 

I feel an upward tumble, I went long on oil today. Bought into UWTI. My gut was screaming.

 

best to stay away from trading oil this whole week

 

I got his feeling I should listen to that, but noooooo.

 

I don't think even trouble will move oil up eg major oil producing countries Iraq, Libya and to a lesser extent Nigeria have been in turmoil close to a decade....

 

Oil will go up when cap-ex goes down to oil demand....Basically shale-oil ko'd oil prices...

 

WTF. Dude, you are living in another universe. Here, I'll make a call, short any spike in AAPL above $200. Seriously, just do it.

 

hahahahHAHA
That was a typo.. I meant $60, I didn't catch it.
But you are right... short apple above $200.
hahahah good one.

 

I predict OPEC will plan to cut oil 1.2M barrel a day and oil will hit 49.90 and then it will drop to 49 but that will not last as OPEC cannot keep its promises and once oil goes up a $1, they compete to flood the market. Problem with oil is not over production. It is shift in use and making effective cars which literally use half the gas.

 

We should see CL at $47 soon. Huge appetite to short CL. By the way I do not trade CL or oil stocks