No shorting here. When I started trading in 2020, my first buy was 8 shares of UCO at $25. Today it is sitting at $108. Instead of trading all this time, I wish I had just bought a shit ton more😂 You live, you learn.
12 USA ships in the last 24 hours , left Virginia heading I believe to the Ukraine area. Looking to start a war with Putin? He will just shut off the gas pipeline to Europe if sanctions are implemented and freeze everyone to death !This is craziness!
A safe, methodical strategy is better than "swinging for the fences" every time especially in this market - be patient and over time you will be rewarded.
Shorting crude here would be a money losing venture and quite premature. There has been no sign of distribution. A close above 87.50 would be a confirmed breakout of the 10/26/2021 closing high opening up a move to $96. Additionally DX/Y rolling over is Bullish for oil.
Greg's right, shorting crude is a bad idea. Go to StockCharts.com and look at the chart for $WTIC and select ADX Line. When the green line (buy orders) is above the red line (sell orders) the bias is to the upside. Right now crude has a bias to the upside so shorting it is a bad idea.
TPTB just blew up a pipeline between Iraq and Turkey in the last week taking 475K bbl/day offline. It's back in operation now, but think about w bbl.hat Greg is saying.. A couple of months ago there was a major oil disruption with rebels in Libya taking a lot of oil offline (now it is back). Just a couple of days ago, the Yemen Houthis bombed Abu Dhabi which is literally unheard of.. China and the US will continue reserve releases but nothing can stop oil from going above $100.
With moronic dwindling down there is need for another distraction: Ukraine! What will these tensions do with crude? Even without a shooting war? Exactly!
No shorting here. When I started trading in 2020, my first buy was 8 shares of UCO at $25. Today it is sitting at $108. Instead of trading all this time, I wish I had just bought a shit ton more😂 You live, you learn.
I'm learning from my mistakes too
We all do. If we don't we are doomed to destroy ourselves.
12 USA ships in the last 24 hours , left Virginia heading I believe to the Ukraine area. Looking to start a war with Putin? He will just shut off the gas pipeline to Europe if sanctions are implemented and freeze everyone to death !This is craziness!
IF anything, The BIG GUY, sent our ships to help stage the false flag……
A safe, methodical strategy is better than "swinging for the fences" every time especially in this market - be patient and over time you will be rewarded.
I truly believe that shorting a bull run is much like pissing into the wind. Same risk analysis anyways.
Shorting crude here would be a money losing venture and quite premature. There has been no sign of distribution. A close above 87.50 would be a confirmed breakout of the 10/26/2021 closing high opening up a move to $96. Additionally DX/Y rolling over is Bullish for oil.
Greg's right, shorting crude is a bad idea. Go to StockCharts.com and look at the chart for $WTIC and select ADX Line. When the green line (buy orders) is above the red line (sell orders) the bias is to the upside. Right now crude has a bias to the upside so shorting it is a bad idea.
Im in a small inverse instrument its a trade
Crude of all things I would not short.
NO shorts in OIL when the world in on the brink of war, You'll be sorry!
Shorting at these levels is insane....start thinking about around $120
Crude has a lot more room to move upward. I’ll follow Greg’s advise.
How high do you think crude oil will go when world war 3 starts?
To the moon? $202.20 for a barrel of crude is my guess.
Putin is taking action against Ukraine now.
The price of a. barrel of oil could double in a day along with everything else.
I wish I had some more capital to invest right the you know what NOW!!!
Bought USO calls at 10 (eastern). Up up up and away!!!!
Yes 🙌 I’m buying dips !
TPTB just blew up a pipeline between Iraq and Turkey in the last week taking 475K bbl/day offline. It's back in operation now, but think about w bbl.hat Greg is saying.. A couple of months ago there was a major oil disruption with rebels in Libya taking a lot of oil offline (now it is back). Just a couple of days ago, the Yemen Houthis bombed Abu Dhabi which is literally unheard of.. China and the US will continue reserve releases but nothing can stop oil from going above $100.
With moronic dwindling down there is need for another distraction: Ukraine! What will these tensions do with crude? Even without a shooting war? Exactly!