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Electric car sales about to pickup
McInnis 03 said:OIL FUTURES SOAR TO HIGHEST SINCE JULY 2008, BRENT HITS $139.13/BBL, US CRUDE HITS $130.50/BBL
— First Squawk (@FirstSquawk) March 6, 2022
Glad I saw this. Decided to go and fill up. Had half tank and still nearly set a record. $76.50 and had slightly under half a tank. Yeesh
Oil is the new GameStop
— Dr. Parik Patel, BA, CFA, ACCA Esq. (drpatel.eth) (@ParikPatelCFA) March 6, 2022
Can't believe I sold OXY at 45 last week…
This is for you, Brew and other cyclists in here.
I do all of my cycling in my closet
Oil will come down soon. It has to
$SLB had an 8/21 cross.
ProgN
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$30,000 Millionaire said:
Oil will come down soon. It has to
Still think $150 is in the cards, we were going to $90-$100 just with demand returning and the world still net short oil. The wartime premium tough to calculate. Not sustainable long term but think we still have a way to go.
Iran deal not close. Urals supply offline. US way underinvested. Levers to pull start running out quick - hence the talks with *checks notes* Venezuela of all countries to try and balance the book. Just ain't there yet.
Is that really your setup? That must be an oven even if you have what I hope is a wall of fans in front of that.
Futures at that magical 4260 level
$30,000 Millionaire said:
Oil will come down soon. It has to
Why do you think that will be the case?
They are talking about taking Russia out completely. That's 10% of the world's oil supply, 40% of Europe's.
We've been short here in the U.S. due to inflation and supply chain stuff. The administration continues to cancel federal land leases, offshore permits, etc., making it harder to drill here.
Now we're talking with Venezuela and Iran about oil? That doesn't paint the picture of a shortage ending anytime soon.
You have a lot of the same Obama Energy Dept. Ivy league clowns running the show now at the DOE, and their incredible energy policies got us up to 147 a barrel, and that was without something like Russia in the mix.
Just curious, any systematic / trend followers on this thread?
Besides catalytic converters what else Palladium for?
It is my setup and isn't bad right now. It does get warm in the summer. I have a fan low and in front of me and keep the door open with the bathroom vent pulling the air out. Better than than in the garage.
Fuel cells and batteries (the one for cars and applications like that, not AAs).Dan Scott said:
Besides catalytic converters what else Palladium for?
Also, guidance systems for weapons.
holy seatpost batman!Ragoo said:
I do all of my cycling in my closet
yeah I zwift in the garage (crack the door a bit and have an exhaust fan into the attic). I've ridden at 40 and at 95 in the garage, 40 bundled up was much more bearable, lol. Most of the winter is pretty nice though. We usually move indoors by April some time.
haha, wow. He's either a bad*** or a dumba**, not sure which.ProgN said:
This is for you, Brew and other cyclists in here.
Mancini thinks this is about it. Last chance to hold this level, (very weak now, most likely we break downward).Dan Scott said:
Futures at that magical 4260 level
Moves are rarely linear.
During times like this, you stop traveling as much and don't buy anything. A 25% move normally has some retracement.
I was long oil before this big move. If you want to go long oil here, go for it.
During times like this, you stop traveling as much and don't buy anything. A 25% move normally has some retracement.
I was long oil before this big move. If you want to go long oil here, go for it.
WTI Hits 130 Dollars a Barrel...S+P Down 50..Ukranian War Goes From Bad to Worse
US futures markets opened lower with S+P now down 57 and gaping, while the Nasdaq is down 238 and the Dow down 320...WTI CRUDE HIT 130, before backing off to 126... If my BB is correct, BRENT HIT 139.13.... UGLY... And getting worse....It seems like Russia no longer wants to take over Ukraine ,but to destroy it... US bond futures show the 10 year up while 5 years are up 9 ticks...
Update 1... Looks like it will be a long night
US futures markets opened lower with S+P now down 57 and gaping, while the Nasdaq is down 238 and the Dow down 320...WTI CRUDE HIT 130, before backing off to 126... If my BB is correct, BRENT HIT 139.13.... UGLY... And getting worse....It seems like Russia no longer wants to take over Ukraine ,but to destroy it... US bond futures show the 10 year up while 5 years are up 9 ticks...
Update 1... Looks like it will be a long night
Let's say Putin decides to stop the war, how quickly will all these companies go back to Russia? I don't know how quickly things go back to normal or when the sanctions are lifted. Netflix lost 1M subscribers. Google losing about $1B in revenue. These higher commodity prices are completely wrecking forecasted costs these companies were planning. There's going to be earnings revisions to downside.
U.S. Officials Meet With Regime in Venezuela, to Discuss Oil Exports to Rep
Seems like we are meeting with all the bad boys...Vennie here, Iran there... Why not just take the gloves off on US fracking and reopen the pipelines....seems like it would be easier
Seems like we are meeting with all the bad boys...Vennie here, Iran there... Why not just take the gloves off on US fracking and reopen the pipelines....seems like it would be easier
BREwmaster said:Mancini thinks this is about it. Last chance to hold this level, (very weak now, most likely we break downward).Dan Scott said:
Futures at that magical 4260 level
It's breaking down
I think if Putin were to stop the war the companies would offer to return to Russia immediately after all Russian troops are withdrawn from Ukraine
$CVNA in the process of getting repriced, looks like they have further to fall and they need to raise money too. Tough spot.
I'm not so sure this time......We have become such a vindictive society that post this why spend the capital....Russia beat down has no economic value actually....Irish 2.0 said:
I think if Putin were to stop the war the companies would offer to return to Russia immediately after all Russian troops are withdrawn from Ukraine
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AG
That's why the only way for Russia to recover from this at all is with putin out of the picture, one way or the other. He knows that, and the various media outlets are portraying him as having gone rogue in preparation for allowing a path to recovery on the other side of this
MaroonDynasty said:
$CVNA in the process of getting repriced, looks like they have further to fall and they need to raise money too. Tough spot.
What happened? Unfortunately I've ridden it down pretty damn far.
Hong Kong market breached its March 2020 low. It's done 33% since last February. Early 2021 is when China really started cracking down in HK
Theirs is heavily self-inflicted from still having over the top COVID regulations
Ok, so I'm neither bullish or bearish right now. Seriously. I don't want to see you guys get hurt, so here's my two cents:
S&P: 4150 area is in play if SPX stays under the 4260-4275 area. I'm not willing to try a long unless price clears 4300 or around/below 4200. I'd want to see support hold or a downtrend break. You could try being short here, but let's see cash session open.
Nasdaq: same story with corresponding levels. 14000 is pretty important to really get going.
O&G: everyone is excited and there are lots of new global energy experts. Crude has also blown past its weekly and daily Bolinger bands and it's well past +3. Do I think oil eventually goes down? Yes! But am I going to actively short it (aside from our small $DRIP position where we don't have time decay and IV will keep us fed on covered calls)? No. Am I entering new longs here. NO WAY. Can it keep going up, yes. Am I OK missing out, yes.
Commodities: they will go up
Crypto: probably stabilizes
Don't panic. We aren't going to 3000 this week.
S&P: 4150 area is in play if SPX stays under the 4260-4275 area. I'm not willing to try a long unless price clears 4300 or around/below 4200. I'd want to see support hold or a downtrend break. You could try being short here, but let's see cash session open.
Nasdaq: same story with corresponding levels. 14000 is pretty important to really get going.
O&G: everyone is excited and there are lots of new global energy experts. Crude has also blown past its weekly and daily Bolinger bands and it's well past +3. Do I think oil eventually goes down? Yes! But am I going to actively short it (aside from our small $DRIP position where we don't have time decay and IV will keep us fed on covered calls)? No. Am I entering new longs here. NO WAY. Can it keep going up, yes. Am I OK missing out, yes.
Commodities: they will go up
Crypto: probably stabilizes
Don't panic. We aren't going to 3000 this week.
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