Trading Financial markets : Oil / Brent Crude

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Dallas
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Tue Jan 12, 2016 9:11 am

I was waiting for sub $30 to open a small but v.long term long position, think i may try and hold off to at least $25s

http://www.cnbc.com/2016/01/10/us-crude ... bound.html

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marksmeets302
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Tue Jan 12, 2016 11:10 am

No crystal ball here either, but due to a little bit of rebalancing my average price for oil got a lot lower. Don't think I can go wrong with that... And even if oil is going to 20 or 10.. Happy to buy more when we're there!

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Euler
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Fri Jan 15, 2016 10:05 pm

1c short of <$29 today, just never ever thought I would see that. I remember the $20 barrel in the 90's. It's seem remarkable that a scare resource can plunge so much.

I noticed Iron Ore is less than $40 as well from near on $200. That's a more worrying trend. There's a whiff of crisis out there.

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Dallas
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Fri Jan 15, 2016 10:14 pm

Euler wrote:1c short of <$29 today, just never ever thought I would see that. I remember the $20 barrel in the 90's. It's seem remarkable that a scare resource can plunge so much.

I noticed Iron Ore is less than $40 as well from near on $200. That's a more worrying trend. There's a whiff of crisis out there.
Absolutely crazy

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superfrank
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Sun Jan 17, 2016 10:35 pm

Dallas wrote:Absolutely crazy
crazy is the prices of bonds, stocks and property (where all the funny money has ended up). commodity prices reflect weak demand in real economies (aggravated in the case of oil by the demise of a price fixing cartel).

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Euler
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Wed Jan 20, 2016 11:32 am

7c short of $28 in this mornings trading. Most indexes down 3% or so. Market is very nervous at the moment.

The problem is cheap money has created more capacity, too much. And asset prices have chased yield beyond reasonable levels. Nothing has really changed apart from monetary policy is now totally ineffective in combating a recession, as there is no wiggle room.

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superfrank
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Wed Jan 20, 2016 2:51 pm

Euler wrote:The problem is cheap money has created more capacity, too much. And asset prices have chased yield beyond reasonable levels. Nothing has really changed apart from monetary policy is now totally ineffective in combating a recession, as there is no wiggle room.
good article in Telegraph highlighting the pickle central banks have got themselves into by taking the easy option of ever cheaper money...
World faces wave of epic debt defaults, fears central bank veteran
http://www.telegraph.co.uk/finance/fina ... teran.html

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Euler
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Wed Jan 20, 2016 8:48 pm

On the way past $27, my finger is getting itchy.

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Dallas
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Thu Jan 21, 2016 9:55 am

Not so long ago i was just occasionally glancing at the prices sometimes just once a week, now i always have the chart open and checking it every few hours

steven1976
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Sat Jan 23, 2016 3:20 pm

If you were to buy into oil, what is the best way to go about it?

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