Post by
smallcaptdr on Oct 18, 2022 3:32pm
Oil at $82 is perfect for these times
Oil was trading at a low of $76 in Sept then Oil rallied to $93 in a week because of OPEC cuts now Oil has given back $10 from the bull run so we sit here at $82 which I feel is in line with the times and the positive driver could be better than expected US Housing starts and Building Permits tomorrow morning at 8:30am or Oil might have found its low today and will bounce back tomorrow on anticipation of Oil heading higher due to OPEC cuts, as of right now Oil has bounced $1 higher off the lows and if US Data comes in lower then Oil could play off that, I think that Oil could recover tomorrow because it bounced $1 off the low so it might have bottomed out at $81 making that cheap Oil for the times. Something will change the direction so today could have been a day to be buying if you're going long and my definition of going long is more than an hour, I see Oil rebounding because it's rebounding now. Our questions will be answered tomorrow at 9:30 and maybe overseas will drive it higher tonight it always hits a day high when trading overseas then US traders take over and hammer Oil lower more often than none, Oil is due for green and Oil might get pushed higher tomorrow so that Oil traders can sell their cheaper Oil bought today, Pick a scenario for tomorrow but I see higher Oil from today.
Comment by
realcdn on Oct 18, 2022 4:00pm
Useless drivel and certainly not worth posting on multiple boards. Why do you even bother?
Comment by
BigJoe778 on Oct 18, 2022 5:00pm
This is what he does day in and day out. He's a hornswoggler lol