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Price support up thru month end Contract Settlement. Pulls back in January after China trade signed
Continue trend as usual. Don't expect anything new. My calculation OPEC+ cuts are an illusion. Oil supply out grows the increased demand 2020. Many traders see...- Jabbar Replied
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Fundamental Analysis and Price Evaluation of WTI
Dec 22 2019 I'll be using a 4-week average of EIA data ending tbe second week of December to compare the Supply/Demand for...- Gary LeBlanc Replied
- 15 replies
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Big reversal day
Dec 20 2019 WTI sold off today 81 cents or 1.32%. This was confirmed as the OSDs sold off much more significantly. They will always...- Gary LeBlanc Replied
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China trade deal mentions OIL /GAS as part of phase 1 but no detail
When Trump or his surrogates discuss the Phase 1 terms they include Oil/Gas in addition to agriculture. Could be good for WTI . . ...- Jabbar Replied
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TRADING CRUDE OIL
Hai Everyone Anyone here Trade OIL? if yes, Do you guys depends on Fundamental or 100% Technical? Looking forward to hear from you guys- blackgoldtycoon Replied
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The NUMBERS DON'T LIE . . . SAUDIs DO LIE . . . NO CUTS . . . NEVER HAVE
SAUDI ARABIA TOLD OPEC THEY PRODUCED 9.7 Million Barrels/Day all of 2019. ARAMCO AUDITED FINANCIAL STATEMENT SAID PRODUCED 10 Million BARRELS/DAY 2019 . . . LOWER...- Jabbar Replied
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Bloomberg: "OPEC+ deal isn't worth the paper it is printed on"
https://m.economictimes.com/markets/commodities/views/opec-deal-isnt-worth-the-paper-its-written-on/articleshow/72674088.cms " . . that appeared to indicate that OPEC+ output would be slashed by a very substantial 900,000 barrels a day . ....- Jabbar Replied
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WallStreet Journal: Investors doubt OPEC cuts boost Prices
https://www.wsj.com/articles/investors-doubt-opec-cuts-can-boost-oil-prices-11576501200- Jabbar Replied
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Goldman Sachs : U.S. Markets could face major sell-off if Democrats win 2020 election
https://www.cnbc.com/2019/12/13/us-markets-may-see-a-correction-if-democrats-sweep-2020-goldman-sachs.html- Jabbar Replied
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- Dr.Masih Rezvani Replied
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Oil Traders Flock to Burgeoning Petrostate Guyana for Taste of Oil Riches
Guyana in South America might be getting a bit of spotlight in the global oil & gas biz. It's not often that an opportunity is...- Tom Kirkman Replied
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- 1,893 views
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If this Trade Deal includes Oil & Gas purchase commitments in addition to Soybeans we get a nice bump up in oil prices.
Apparently an agreement in principle. Apparently China wants to stem the loss of supply chain . . . They also NEED U.S. pork (swine disease)...- Jabbar Replied
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Saudi Aramco stock up 10% opening day . . . . for now
Saudis issued 1.5% of Aramco equity. With 1% to institutions and .5% to retail. Saudi institutions and couple foreign institutions (UAE , Kuwait , etc)...- Jabbar Replied
- 2 replies
- 1,404 views
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A build in gasoline for the API report will spell doom for the crude bulls
API estimate came out as a build of 4.92 mb as demand continues to wane. Last week there was a build of 3.5 mb...- Gary LeBlanc Replied
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Oil journalist believes increased open interest means increased oil prices. . . .
Doesnt mean so The increased volume is not all NAKED Longs It's hedged I put a "Collar" on these prices. Waiting on China Trade news. If good news...- Jabbar Replied
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Saudi/OPEC "Cuts" fake per Aramco filings . . . all of 2018 and 2019 avg 10 million bbls/day
I . . . LOWER PRICES ONLY MONTHS AWAY when Investors realize Saudis never cut and NonOpec supply increases 2.26 million bbls/day in 2020. * Saudis produced...- Jabbar Replied
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- 3,470 views
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Does Trading requires volatility ???
There are different kinds of oil price movements. The first case, which today is only of historical interest, arises when oil prices in international...- Dr.Masih Rezvani Replied
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OPEC+ major production cuts . . No, not really. More smoke and mirrors.
Let's look at the numbers. Oil crashed as algorithms linked to S&P kicked in which made oil price crash October 1, 2018. The regular OPEC meeting...- Jabbar Replied
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RBOB continued weakness will result in WTI selling off
Dec 3 2019 On Nov 29 WTI reached $58.30 as its high. RBOB hit $1.71. RBOB has since pulled back 8.4% to 1.56. This will...- Gary LeBlanc Replied
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WTI being propped up by speculators prior to the ARAMCO IPO
Dec 2 2019 As RBOB continues to be sold off below $1.60 WTI maintains $56.00/barrel. Two days from now is the date for the ARAMCO...- Gary LeBlanc Replied
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- SENTHILKUMAR Replied
- 0 replies
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- eagle Replied
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US 4thQ GDP will struggle to report 1%
Estimates for US GDP growth rate are slowly approaching 0% with each new estimate. The current GDP estimate is .5% issued by the Federal...- Gary LeBlanc Replied
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Mideast tensions high. Lebanon, Iraq, Iran protests. Iran protests growing. U.S. sends more troops and hardware last week. Now 14000 additional troops in theater since April.
INCREASED CHANCE IRAN LASHES OUT. OPEC cuts, U.S. weekly inventory, China trade deal are ALL secondary to Mideast volatility . . . . . . ....- Jabbar Replied
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Price
It's again increasing, crude wti, what the news again, it just wanted to eat sl or what? Reply if knowing anything, will came back...- Can Replied
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- canadas canadas Replied
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Mid October post "bias upside" . Cashed in on nice return. Bit cautious now.
Built position mid October. Posted opinion "bias to upside next 60 days" Oct 18. I still believe have some to go on upside but...- Jabbar Replied
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Oil price
Is there any possibility for 53 in this contract? Why it's increasing? Any news are there? Do I have to squeroff my possision or wait?...- Can Replied
- 1 reply
- 1,348 views
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Any correction is possible in WTI Crude oil price?
Crude prices gone up by 3.80% on Friday. Is there any redection in price is possible? Any signals.... or any news ...- IARK Replied
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- Rashid Replied
- 0 replies
- 1,102 views