Tom Kirkman + 8,860 January 8, 2020 The WSJ headline amuses me. What exactly is the "faith" of Oil Traders? Hail Mary Throws? Magic 8 Ball? Goat Entrails? Oil Traders Lose Faith in Geopolitical Rallies ‘If you bought any geopolitical rally last year, you were wrong,’ one trader says Escalating tensions in the Middle East are boosting oil prices, but some investors are skeptical the rally has legs after other recent geopolitical flare-ups in the market quickly eased. Crude futures shot up as much as 4.9% Friday after President Trump ordered a strike in Baghdad that killed Iranian Maj. Gen. Qassem Soleimani. A top Iraqi paramilitary commander, Abu Mahdi al-Mohandes, also died. ... Quote Share this post Link to post Share on other sites
Rob Plant + 2,631 RP January 8, 2020 8 minutes ago, Tom Kirkman said: What exactly is the "faith" of Oil Traders? Hail Mary Throws? Magic 8 Ball? Goat Entrails? Its clearly magic 8 balls! Just ask @DayTrader 1 1 Quote Share this post Link to post Share on other sites
rossh + 18 RH January 9, 2020 From October to the end of the year, the trend line is up,up,up. But it looks rather artificial, and I think the culprits were likely the interests behind the Aramco IPO, to give it a good head start. Have they stopped now? Can we come back and trade the charts again? This Iran thing has made for an interesting reflection point, so where do we go next?. Quote Share this post Link to post Share on other sites
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