Oil shooting for 2 cents a barrel | Forex Factory

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Oil shooting for 2 cents a barrel

  • #1
  • First Post: Mar 18, 2020 12:46pm Mar 18, 2020 12:46pm
Oil shooting for 2 cents a barrel!

I wonder if it would be too expensive at that level still.
  • #2
  • Mar 19, 2020 9:39am Mar 19, 2020 9:39am
Quoting desertninja
Oil shooting for 2 cents a barrel! I wonder if it would be too expensive at that level still.
I'm sure this is just the beginning.
  • #3
  • Mar 19, 2020 2:36pm Mar 19, 2020 2:36pm
Quoting desertninja
Oil shooting for 2 cents a barrel! I wonder if it would be too expensive at that level still.
Haha! Well but I won't bet on any "too low" price now Since this bottom seems to be endless... Maybe they will subsidise the oil per barrel!
Or they would "helicopter money" it.. So like very citizen will get at least ONE barrel for FREE, to stimulate the OIL industry etc... And also the AUTOMOTIVE industry that have ben suffering.. You might have nailed it!
Can you afford to take that chance?
  • #4
  • Mar 19, 2020 3:48pm Mar 19, 2020 3:48pm
  •  dmj120
  • | Joined Jan 2020 | Status: Newbie with professional aspiration | 108 Posts
Quoting auricforecas
{quote} Haha! Well but I won't bet on any "too low" price now Since this bottom seems to be endless... Maybe they will subsidise the oil per barrel! Or they would "helicopter money" it.. So like very citizen will get at least ONE barrel for FREE, to stimulate the OIL industry etc... And also the AUTOMOTIVE industry that have ben suffering.. You might have nailed it!
This is why I wish I could trade Oil (WIT). The shorting opportunities look mighty tasty
School of hard knocks
dmj120 Return This Year: na
  • #5
  • Apr 20, 2020 2:42pm Apr 20, 2020 2:42pm
Quoting desertninja
Oil shooting for 2 cents a barrel! I wonder if it would be too expensive at that level still.
Looks like my forecast was a bit optimistic!

On a serious note, on my CL futures chart I am seeing -38.30, how is this possible and what does it mean in practice?
  • #6
  • Last Post: Apr 21, 2020 1:55am Apr 21, 2020 1:55am
Well seems like a good time to invest in oil
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