Buy Oil Monday?

[Zhong Lu + 737]

https://www.wsj.com/articles/saudi-oil-attack-this-is-the-big-one-11568480576

[Guest]

Just read this too. Yep but shorting 'soon' after, depends on your timescales.

Waiting for Asia open, see what happens. Think NY open it could drop, depends how much Asia markets rally it up. Saudi will say recovered the issues, which doesn't mean a lot to me. Have a feeling there'll be a lot of confusion and with Bolton / Iran news that could even things out and market stays in range and undecided. 

Think any rally will be short lived, then short the hell out of it. 

Edited September 14, 2019 by Guest

[Zhong Lu + 737]

The problem is getting whipsawed.  "Soon" is a vague term.  

We'll see on Monday.  

[DocManfred + 42]

What can happen once can also happen twice.

This shows the vulnerability of Saudi and global oil supply.

Oil price will get a kick.

[Guest]

5 minutes ago, Zhong Lu said:

We'll see on Monday.

58-60 key zone. Haha well I say 'soon' as you may trade for hours or months, I've no idea. 

Saudi officials say hoping to restore to regular 9.8 million a day by Monday. Yep, ok.

Edited September 14, 2019 by Guest

[Zhong Lu + 737]

Probably safest to trade the momentum.  It's too bad the attack happened on a Sat.  Much happier if it happened on a weekday.  Someone should tell the Houthis to attack oil facilities Monday-Thursday so it's more convenient for the rest of us.  

[Guest]

Yeah was a bit inconsiderate, true.

As Doc suggests, this could become a regular thing. Maybe future drones will be on weekdays.

[Guest]

@Zhong Lu  , look now.

Gone from 'hope to' recover production back on Monday to 'will'. 

[Zhong Lu + 737]

Eh.  Probably going to stay away then.  

[Guest]

Yep, I don't believe a word of it. Short the hell out of the pop and buy the big dip if anything.