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  • #1,050,341
  • Jan 14, 2016 1:34pm Jan 14, 2016 1:34pm
Quoting gatorinla
{quote} dono... its unlikely producers will be willing to risk money on new wells at 14 unless they can do it for less (+ a reasonable profit).. i dont think oil can reach 0..
I see , thanks ( for now oil found support ) seems like
These days kinda oil moving the market by his own ...
Saaudi last summer announce they produce at 1$
  • #1,050,342
  • Jan 14, 2016 1:44pm Jan 14, 2016 1:44pm
Quoting edyraper
{quote} I see , thanks ( for now oil found support ) seems like These days kinda oil moving the market by his own ... Saaudi last summer announce they produce at 1$
i produce for free and got many pimples
money ain't shit,i'm the shit..
  • #1,050,343
  • Jan 14, 2016 1:46pm Jan 14, 2016 1:46pm
Quoting Pharm0r
{image}
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  • #1,050,344
  • Jan 14, 2016 1:49pm Jan 14, 2016 1:49pm
Quoting gatorinla
{quote} Expecting both bulls and bears will show their hands early in the day {image}
some pronounce it tomato, i pronounce it tomato. some say it was a bull trap some say its a bear trap.. i guess both are correct. the earth is flat. and those who dont believe it are damned to hell. still needing 0969, and not 0801..[/quote]
i think as you do and dying coz of stress since 1 week..i cannot concentrate my job or anything during the day..
money ain't shit,i'm the shit..
  • #1,050,345
  • Jan 14, 2016 1:53pm Jan 14, 2016 1:53pm
Quoting edyraper
{quote} I see , thanks ( for now oil found support ) seems like These days kinda oil moving the market by his own ... Saaudi last summer announce they produce at 1$
yeah,,, they are on shaky ground. they can produce cheap, but they have a budget based on much higher oil. so they are borrowing now. once investors get their head out their ass. they may stop loaning. my guess is those banks/investors holding some of that paper will be less willing to loan the saudis money. its going to be hard to pay those bonds/loans back at cheap oil prices. to lure more investors they will be paying high interest with cheaper oil. its going to be hard for the kingdom to keep power with more debt and cheaper oil.
what goes around comes around to the ones where the 911 hijackers got their funding. the same u.s. friends that helped oil climb to 147 pb. with friends like that, who needs enemies? i doubt the iranians will mind pumping at cheap prices if it hurts the saudis. peasants may be at the king's gate in time.

add that budget to that production cost, because w/o it.. that's the true cost.
those who can, do. those who cant, talk about those who can
  • #1,050,346
  • Jan 14, 2016 2:03pm Jan 14, 2016 2:03pm
Quoting gatorinla
{quote} yeah,,, they are on shaky ground. they can produce cheap, but they have a budget based on much higher oil. so they are borrowing now. once investors get their head out their ass. they may stop loaning. my guess is those banks/investors holding some of that paper will be less willing to loan the saudis money. its going to be hard to pay those bonds/loans back at cheap oil prices. to lure more investors they will be paying high interest with cheaper oil. its going to be hard for the kingdom to keep power with more debt and cheaper oil. what...
Well hard to make comments for me in fundies and thanks for sharing your thoughts
As you say world needs a reset and we are so close to that imho.
  • #1,050,347
  • Jan 14, 2016 2:05pm Jan 14, 2016 2:05pm
Quoting MaxDoom
{quote} don't give me kisses you are becoming an artist....
My target reached - closed some
  • #1,050,348
  • Jan 14, 2016 2:06pm Jan 14, 2016 2:06pm
later.. 0875 should happen.. i have no illusion, it dont have to happen. from there closed above 0868 may test 0921.. or so forth.. if we had gotten to 1115 i may have the opposite bias.
those who can, do. those who cant, talk about those who can
  • #1,050,349
  • Jan 14, 2016 2:17pm Jan 14, 2016 2:17pm
Quoting gatorinla
later.. 0875 should happen.. i have no illusion, it dont have to happen. from there closed above 0868 may test 0921.. or so forth.. if we had gotten to 1115 i may have the opposite bias.
So how long have you been trading for?
  • #1,050,350
  • Jan 14, 2016 2:30pm Jan 14, 2016 2:30pm
Quoting MaxDoom
{quote} what's going on, I always just double clicked an image and it would open in a new window expanded, now it does nothing, is this FF issue? and where is your ambition gone 10004 crying out
Check your image viewing mode settings under Forum tab.
  • #1,050,351
  • Jan 14, 2016 2:37pm Jan 14, 2016 2:37pm
Quoting gatorinla
{quote} yeah,,, they are on shaky ground. they can produce cheap, but they have a budget based on much higher oil. so they are borrowing now. once investors get their head out their ass. they may stop loaning. my guess is those banks/investors holding some of that paper will be less willing to loan the saudis money. its going to be hard to pay those bonds/loans back at cheap oil prices. to lure more investors they will be paying high interest with cheaper oil. its going to be hard for the kingdom to keep power with more debt and cheaper oil. what...
There is a lot of criticism of Saudi Arabia (and Qatar) in the middle east and north Africa. That they fund terrorism and the wahhabe is apparently no big secret. This in itself adds to the anti american, anti west sentiments that exist in general in those regions added bonus for the shiites in Iran when attacking those devil americans and their "friends" .
I agree with gator "with friends like that", and know your friends are trying to F you over and a bunch of opec countries at the same time. This I think is why the US administration has opened to Iran and their oil.
IMHO the world without Saudi Arabia would be a better place (at least how its run now). The middle east for sure.
don't get in love with pairs ... up or down is the same pip value
  • #1,050,352
  • Jan 14, 2016 3:17pm Jan 14, 2016 3:17pm
Quoting gatorinla
{quote} 0801 or 0969,,,,, LL or HH,,,, either may be attracted to 0886.. no different than 0842 is/was
The smaller within the larger....this maybe the larger
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  • #1,050,353
  • Edited Jan 15, 2016 6:42am Jan 14, 2016 4:34pm | Edited Jan 15, 2016 6:42am
Its alot higher than $3 according to this, from Oct 2015 when oil was at $45 :-
(And Saudi is expected to run out of money within 5 years if oil is kept at $50........ Putin saying he'll do his best to keep it around $40 for more than 7 years...)

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  • #1,050,354
  • Jan 14, 2016 4:47pm Jan 14, 2016 4:47pm
Quoting cspip
{quote} Its alot higher than $3 according to this:- (And Saudi is expected to run out of money within 5 years if oil is kept at $50........ Putin saying he'll do his best to keep it around $40 for more than 7 years...) {image}
gatorila is correct the iranians have progressed so far that even if it fells below 5USD/barrel they will still be above break even.

we are talking of the total cost of "getting" oil out of the well and of course that doesnt include the "last mile" to the customer i.e like cost of "door to door" delivery to the customer, refinery costs etc


at the other end the graph pointed is in its respect correct as well to the point of what price each respective country needs in order to be able to accommodate its "expenses"... i believe it was last week the saudis announced that they are going to cut expenses to the public sector and a few months ago that UAE's gasoline (car) prices increased...well it seems we are going to start seeing a lot of them ....

bare in mind that these government cost cuts will create other social issues (dont forget we are talking for countries which dont have democratic systems nor their people are accustomed to democracy in general and on the other end they are not accustomed on "paying" things they had granted for "free" -metaphorically speaking-)

from all those mentioned above i believe the one which will have the least issues as such will be UAE and especially the emirate of Dubai due to its diversity
  • #1,050,355
  • Jan 14, 2016 5:00pm Jan 14, 2016 5:00pm
Quoting KGP
{quote} gatorila is correct the iranians have progressed so far that even if it fells below 5USD/barrel they will still be above break even. we are talking of the total cost of "getting" oil out of the well and of course that doesnt include the "last mile" to the customer i.e like cost of "door to door" delivery to the customer, refinery costs etc at the other end the graph pointed is in its respect correct as well to the point of what price each respective country needs in order to be able to accommodate its "expenses"... i believe it was last...
Yes, must be the countrywide expenses they need, as most of them dont have much else going. Scotland was the same when they had they Independence vote when oil was over $120, saying they can use the big profits to run the country and UK gov saying its too volatile to rely on oil.

Middle East could be in for some rough times ahead,... I'm sure Dubai tourist numbers are coming down due to the regions instability.
A few days ago Kuwait sentenced two Iranians to execution for allegedly spying for Iran.
  • #1,050,356
  • Jan 14, 2016 5:05pm Jan 14, 2016 5:05pm
Pending H1 and M30 techs I may be bearish to 8380. Short from 8676 watching manual.
  • #1,050,357
  • Jan 14, 2016 6:08pm Jan 14, 2016 6:08pm
Quoting cspip
{quote} Yes, must be the countrywide expenses they need, as most of them dont have much else going. Scotland was the same when they had they Independence vote when oil was over $120, saying they can use the big profits to run the country and UK gov saying its too volatile to rely on oil. Middle East could be in for some rough times ahead,... I'm sure Dubai tourist numbers are coming down due to the regions instability. A few days ago Kuwait sentenced two Iranians to execution for allegedly spying for Iran.

i mentioned dubai in particular because they are the first (to my knowledge) state/country (whatever you call it in regards to the other "ones") which took measures to diversify since the mid 80s!!! they dont rely only on tourism...i believe they are the only ones who spent their very few (they drill just 10 to 20 times more than greece does!) petrodollars...wisely

anyway lets see... there is no clear direction short term wise on eurusd hopefully after mid of next week or end of this month we will with who the force is...
  • #1,050,358
  • Jan 14, 2016 6:10pm Jan 14, 2016 6:10pm
Quoting brianIOT
Pending H1 and M30 techs I may be bearish to 8380. Short from 8676 watching manual.
instead of manual....you should get an airbus which does everything automatic and also takes care of itself ....
  • #1,050,359
  • Jan 14, 2016 6:29pm Jan 14, 2016 6:29pm
Quoting KGP
{quote} instead of manual....you should get an airbus which does everything automatic and also takes care of itself ....
I can only dream
  • #1,050,360
  • Jan 14, 2016 6:37pm Jan 14, 2016 6:37pm
Quoting brianIOT
{quote} I can only dream
market will move up that is my thought,, i can be wrong
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