RE:RE:RE:Strange oil upMightyMorf wrote: Might be time to pick up some more as it looks like we are being held down so big money can buy more. Time to buy again.
scary time to buy, too much pressure on what Opec is gonna do. If there's no deal and thing fall apart this could drop bigtime. I'd go short on the oils and the markets in general. I bought a long position a month ago after Opec announced a cut but would be will to hedge half my position.
I think if Saudi's say the market will be rebalanced itself in later 2017 this tells me there is no glut. This has all been a political game against Russia since they prevented the Ukraine from entering the Euro Zone. Now that Trump is a Putin supporter watch oil prices rise after sactions are lifted on Russia. Its all bigtime bullshit. gl