Post by
jmaan on Apr 26, 2023 12:08pm
Old school trading out!
Trading as we know it is out! This is a new style of Trading now! Any positive report's, Trading on fundamentals etc.. seems no more! Especially in oil market's! Most trades are done automatically on hundreds of computer's which seem not to take in fundamentals or such positive report's! For example if conflict broke out in middle east like when saudi oil plant was hit by I believe by it's neighbor in sudan rebels missile attack oil price didn't even move! Red sea friction roughly year or so ago oil didn't even move! And now with civil war on Saudis door step sudan oil is moving down! Just a few examples were oil in old day's would of taken off on a tear! Sure everything is more efficient and quicker with these high tech computers but seems there not taking in the human aspect of everything we knew of Trading! Anyways hang in there long, Financials I believe next week and once this deal closes we should be rewarded!
Comment by
raven16 on Apr 26, 2023 2:03pm
Jmaan,It's Really Pretty Simple, Biden And His Wallstreet Street Friends Are Shorting The Barrel To Bring Down The Price To Help Inflation But The Problem With That Is The Shortage With Oil And That My Friend Is Going To Bite Them In The A$$. I Say Accumulate At These Prices And You Will Be Rewarded In The Second Half Of The Year. I Wonder What OPEC And The Boys In Texas Are Thinking!?