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MY OILS GONE CRAZY


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MY OILS GONE CRAZY

  #11 (permalink)
Mozart2112
Minoqua Wi USA
 
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Important level that oil is back at. Technically, there's some resistance here. Even if oil goes back to 36 it would still be a normal move in this overall downtrend.... and to try to get a grasp on fundamentals is too difficult right now. I think it's important to pay attention to technicals.

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 SMCJB 
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One thing different this time to the last big oil downturn is that a lot more of the shale assets are now owned by the majors who won't crumble as quickly as small producers.

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 Skyfly1715 
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SMCJB View Post
One thing different this time to the last big oil downturn is that a lot more of the shale assets are now owned by the majors who won't crumble as quickly as small producers.

I've quit trading oil. It's a DOG, complete dog. What takes two to three hours on one setup can be done five or six times on the ES, same setup. Just pull backs. I mean it moves in big distances, but just a dog for patterns. The ES used to be like that. The ES now looks like oil did about two months ago.

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Last Updated on April 22, 2020


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