Day Trading Stocks & Futures

1 day of holiday and had too many works.
I like this a lot. I strongly believe however that we will have a few good months of crude oil until it breaches the $ 100 levels. After that it is anybody's call really.

Now Gita Gopinath is going to helm IMF. She has always been anm advocate against floating exchange rates. Typically the arbitrage between exchange rates has also contributed in part to a rally in crude oil prices, alongside the supply-demand dynamics ofcourse. So this along with a changing preference towards a less oil future would indeed add credence to your technical analysis.
 
1 day of holiday and had too many works.


I like this a lot. I strongly believe however that we will have a few good months of crude oil until it breaches the $ 100 levels. After that it is anybody's call really.

Now Gita Gopinath is going to helm IMF. She has always been anm advocate against floating exchange rates. Typically the arbitrage between exchange rates has also contributed in part to a rally in crude oil prices, alongside the supply-demand dynamics ofcourse. So this along with a changing preference towards a less oil future would indeed add credence to your technical analysis.
However part of me still would like to see oil at around $ 125 levels. This is because the entire aviation industry is still fdependent on oil; so is the shipping industry. The automobiles industry is transitioning towards an oil free future slowly but till 2030 atleast we could see conventional internal combustion vehicles being sold. I don't wanna stop trading crude oil :p
 

vikas2131

Well-Known Member
1 day of holiday and had too many works.


I like this a lot. I strongly believe however that we will have a few good months of crude oil until it breaches the $ 100 levels. After that it is anybody's call really.

Now Gita Gopinath is going to helm IMF. She has always been anm advocate against floating exchange rates. Typically the arbitrage between exchange rates has also contributed in part to a rally in crude oil prices, alongside the supply-demand dynamics ofcourse. So this along with a changing preference towards a less oil future would indeed add credence to your technical analysis.
i have doubt about oil crossing 100 $ in this cycle but in the next cycle there would be massive inflation so i would not be surprised to see oil touching even 150 $
 
i have doubt about oil crossing 100 $ in this cycle but in the next cycle there would be massive inflation so i would not be surprised to see oil touching even 150 $
As an oil trader, I would love for that to happen. A box of Agra Peta (my favorite sweet) from my side when that happens!! :)
 

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