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  • #1,241
  • Mar 26, 2015 9:27am Mar 26, 2015 9:27am
Quoting alayinizAMK
{quote} when you get stupid news like this knocking on your door. I want to thank bloomberg btw they are my favorite reverse indicator {image}
When you post something someone else said it is always helpful to include a link so others can actually read what they said.

I guess you expect them to have a crystal ball to know (big dog in crude) Saudi Arabia was going to attack Yemen.

Anyway for those who ARE interested in reading the Bloomberg story which starts off:

"There's the makings of a crisis swirling in America's oil-storage tanks, and the next few months will determine whether it's a minor annoyance, or a major blow, to U.S. oil. "

here is the link:

http://www.bloomberg.com/news/articl...orage-runs-out
  • #1,242
  • Mar 27, 2015 2:45am Mar 27, 2015 2:45am
Hi everyone

Would like to join this forum.... i'm becoming quite interested in oil trading. Mainly BRENT.

See you soon
90% of traders use TA, indicators and prediction
  • #1,243
  • Mar 27, 2015 3:39am Mar 27, 2015 3:39am
Quoting kweiss10
man, some havoc in Yemen and that pushes oil prices massively higher? Yemen is not even an oil producing country, nor can it threaten supply or demand with its mini population or army. Something doesn't fit in this price movement up.
My belief is that Yemen is a small producer - but maybe that is incorrect.

The real issue is that Saudi is being dragged into confrontation that could spread to a more general series of attacks.
The Saudis are vulnerable to attacks on their oil infrastructure.
In that event all the other oil producers would demurely offer sympathies, whilst their cash started rolling in...
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,244
  • Mar 27, 2015 3:58am Mar 27, 2015 3:58am
US try to make it look like a big sunni shii conflict is about to happen think they will gladly arm both sides with funny stuff and make dollars on it. Iran invades Iraq, Yemen, Syria and Saudis are starting to get annoyed about the situation.
  • #1,245
  • Mar 27, 2015 4:22am Mar 27, 2015 4:22am
Oil production in the Yemen peaked in 2001/2 and has been declining ever since.

http://www.indexmundi.com/energy.asp...aph=production
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,246
  • Mar 27, 2015 7:56am Mar 27, 2015 7:56am
Yea Yemen is miniscule compared to even Kuwait or the U.A.E.

Saudi Arabia is concerned the conflict will spill across their southern border. That's it.

They already had their concerns with Syria and Iraq on their north border.

Anytime there is uncertainty the markets think the worst.
  • #1,247
  • Mar 29, 2015 8:55pm Mar 29, 2015 8:55pm
Just few hours ago seen russian take on situation. Saudis taking koalition of sunni countries against jemen shiites and Iran. Also Yemen is on oil sea route. Also In Saudi Arabia 90 percent oil is in the east , there are not so much sunnis too. USA don't know to get into war or to stay aside. For now they thinkig, and Iran could get with ISIS. Russians are clapping and shouting that oil is going only up... Also on weekly chart looks oil found its bottom.
  • #1,248
  • Mar 29, 2015 8:57pm Mar 29, 2015 8:57pm
It has found a bottom ... for now.
  • #1,249
  • Mar 29, 2015 9:19pm Mar 29, 2015 9:19pm
its not bullish though.......gonna remain sideways to bearish as of now.
  • #1,250
  • Mar 30, 2015 2:51am Mar 30, 2015 2:51am
Interesting....
Also I do not know how close to being full is the storage capacity in the US.
It must be close because people are talking about it.
...and is any other country building inventory, maybe China is waiting for the US to be full.
When the US reaches full capacity the market surplus will increase by around 5mbopd.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,251
  • Mar 30, 2015 8:17am Mar 30, 2015 8:17am
Quoting vaidas7777
Just few hours ago seen russian take on situation. Saudis taking koalition of sunni countries against jemen shiites and Iran. Also Yemen is on oil sea route. Also In Saudi Arabia 90 percent oil is in the east , there are not so much sunnis too. USA don't know to get into war or to stay aside. For now they thinkig, and Iran could get with ISIS. Russians are clapping and shouting that oil is going only up... Also on weekly chart looks oil found its bottom.
good analysis but one thing is off namely IRAN would never coop with ISIS. they are like cats and dogs. one side is extreme shia and the other extreme sunni with the goal of destroying each other. of ISIS main programms is to eradict IRAN. so the day IRAN and ISIS team up will the day jesus returns if you get what i mean.
  • #1,252
  • Mar 30, 2015 11:00am Mar 30, 2015 11:00am
Quoting Exodus
Interesting.... Also I do not know how close to being full is the storage capacity in the US. It must be close because people are talking about it. ...and is any other country building inventory, maybe China is waiting for the US to be full. When the US reaches full capacity the market surplus will increase by around 5mbopd.
in us storages should be full in may
  • #1,253
  • Mar 30, 2015 11:38am Mar 30, 2015 11:38am
Tuesday, potentially big info if Iranian nuclear deal goes through and they start pumping their oil into the market…
  • #1,254
  • Mar 30, 2015 11:55am Mar 30, 2015 11:55am
Any deal that is completed will be killed by U S Congress.
  • #1,255
  • Mar 30, 2015 1:40pm Mar 30, 2015 1:40pm
Quoting vaidas7777
{quote} in us storages should be full in may
Thanks. ...and I should have written 5mbo per week, which is the average crude build-rate it seems.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,256
  • Mar 31, 2015 1:31am Mar 31, 2015 1:31am
today is the last trading day in the quarter. Should traders be wary and careful? Any insights?
  • #1,257
  • Mar 31, 2015 2:24am Mar 31, 2015 2:24am
Quoting SunTrader
Any deal that is completed will be killed by U S Congress.
Obviously you dont what your talking about again, 6 UN super powers want restrictions on nuclear development for easing sanctions…Nothing to do with American congress…
  • #1,258
  • Mar 31, 2015 2:25am Mar 31, 2015 2:25am
Quoting DaTokyoHustl
{quote} Obviously you dont what your talking about again, 6 UN super powers want restrictions on nuclear development for easing sanctionsNothing to do with American congress
Besides, US has king obama with a rubber stamp and doesn't need congress
  • #1,259
  • Mar 31, 2015 9:40am Mar 31, 2015 9:40am
looks to be a start but strong resistance close to 50 i think.

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  • #1,260
  • Mar 31, 2015 11:40am Mar 31, 2015 11:40am
Quoting DaTokyoHustl
{quote} Obviously you dont what your talking about again, 6 UN super powers want restrictions on nuclear development for easing sanctionsNothing to do with American congress
Obviously you don't.

Only Congress can approve or disapprove a treaty. Who the f... cares what any other country does. Germany and France have been known in the past to get around U.N. sanctions.

And the reason why Iran wants the U.S. sanctions in particular lifted is because our sanctions are also against ANY company (U.S. based or any where else in the world) dealing with Iran. Big dogs can do that.

Either way it won't effect crude up or down except for a few days.
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