Why are oil prices so low?

Big oil doesn't set market prices cuz if they did they sure as hell wouldn't be setting them at $50

 

SHORT here at 49.25 for a swing down.
Could see 15-20 soon

 

already nearly 70 ticks in profit!
not bad for 20 mins - lots more to go, though. It's what I call a very safe short

 

new lows
keep holding, gents! another 20 dollars or so to go

 

getting on for $2 profit on that short. Hope some of you joined me! Won't be much easier money for a good few months yet!

 

lets see if we can carry on the fun this week!

 

Nice trade so far.
Trading at 45.75 now.
Should see 42.00 or so this week.

 

Although the opportunity has been very good, we are categorizing the crude trade as “low reward,” simply because there remains much political risk in the commodity. Experienced investors may enter/-re-enter into crude short positions if the commodity trades back up to immediate resistance. We are leaning towards the probability that the commodity will trade down to our Target Pivot before retracing back to immediate resistance.

 

Supply > Demand