What is your current outlook as a day trader for WTI

[Muskaan Dewan + 1]

Will WTI go up cause of US Iran tension?? and Saudi's investment in India.

if you look at demand supply factors. Demand is normal, and supply is stored in Inventories, which is a lot.

Goes down due to US China tension, may go down more if China invests in Iran.

[SKEP + 229]

20 minutes ago, Muskaan Dewan said:

Will WTI go up cause of US Iran tension?? and Saudi's investment in India.

if you look at demand supply factors. Demand is normal, and supply is stored in Inventories, which is a lot.

Goes down due to US China tension, may go down more if China invests in Iran.

Yes

[Zhong Lu + 845]

Down because of the charts.  Shorted it @55.  

Edited August 13, 2019 by Zhong Lu

[Zhong Lu + 845]

And... I was wrong.  

[SKEP + 229]

5 hours ago, Muskaan Dewan said:

Will WTI go up cause of US Iran tension?? and Saudi's investment in India.

if you look at demand supply factors. Demand is normal, and supply is stored in Inventories, which is a lot.

Goes down due to US China tension, may go down more if China invests in Iran.

 

 

 

.

 

Edited August 13, 2019 by SKEP

[Jan van Eck + 7,558]

13 hours ago, Muskaan Dewan said:

if you look at demand supply factors. Demand is normal, and supply is stored in Inventories, which is a lot.

I would gently mention that "supply" is always there, always greater than "demand," by which I suspect you really intend "consumption."  When was the last time you pulled up to the gasoline pumps at a filling station and were told, "Sorry, no more gas until next Tuesday?"  Never happens.  There is always supply. 

The real issue is:  when the consumption drops off, which eager supplier will be shut out of the markets due to requiring a price higher than the other sellers, who can and will drop their price in order to stay in the game?  (Some betting here on Oilprice suggests Canada.) 

[SKEP + 229]

21 hours ago, Muskaan Dewan said:

Will WTI go up cause of US Iran tension?? and Saudi's investment in India.

if you look at demand supply factors. Demand is normal, and supply is stored in Inventories, which is a lot.

Goes down due to US China tension, may go down more if China invests in Iran.

I agree

[Zhong Lu + 845]

Shorted again earlier in the day.  Made back half of what was lost yesterday.  

Edited August 14, 2019 by Zhong Lu

[James Regan + 1,776]

Gloomy

[SKEP + 229]

On 8/13/2019 at 9:16 AM, Muskaan Dewan said:

Will WTI go up cause of US Iran tension?? and Saudi's investment in India.

if you look at demand supply factors. Demand is normal, and supply is stored in Inventories, which is a lot.

Goes down due to US China tension, may go down more if China invests in Iran.

Where ?

[SKEP + 229]

On 8/13/2019 at 9:16 AM, Muskaan Dewan said:

Will WTI go up cause of US Iran tension?? and Saudi's investment in India.

if you look at demand supply factors. Demand is normal, and supply is stored in Inventories, which is a lot.

Goes down due to US China tension, may go down more if China invests in Iran.

Sure

[SKEP + 229]

On 8/13/2019 at 9:16 AM, Muskaan Dewan said:

Will WTI go up cause of US Iran tension?? and Saudi's investment in India.

if you look at demand supply factors. Demand is normal, and supply is stored in Inventories, which is a lot.

Goes down due to US China tension, may go down more if China invests in Iran.

Oui

[SKEP + 229]

On 8/13/2019 at 9:16 AM, Muskaan Dewan said:

Will WTI go up cause of US Iran tension?? and Saudi's investment in India.

if you look at demand supply factors. Demand is normal, and supply is stored in Inventories, which is a lot.

Goes down due to US China tension, may go down more if China invests in Iran.

Ko