Shorting Oil - Page 2

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  1. #11
    dc350 is offline Senior Member
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    Quote Originally Posted by StockLife View Post
    Well I am currently down, bad entry and got stuck doing tasks at work that I wasn't even able to place a stop sell or a stop loss. looks like I'll be holding into the weekend which I really did not want to do.
    Yeah, too uncertain for me. I stayed out of this one.
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  2. #12
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    Good thing you did, Oil finished at $29.65/b according the the live chart. Great sign as it did not go back over $30, we'll see what Monday holds. Have a great weekend!
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  3. #13
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    EXTRA! EXTRA! EXTRA!

    UN lifted sanctions on Iran on Saturday and Tehran is adding 500k b/d to the markets!!! Tomorrow is going to be a great day!
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  5. #14
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    EXTRA! EXTRA! EXTRA!

    UN lifted sanctions on Iran on Saturday and Tehran is adding 500k b/d to the markets!!! Tomorrow is going to be a great day!

    Oil price woes deepen as Iran vows to add 500,000 barrels a day | Business | The Guardian

    That is the article
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  6. #15
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    Iran oil coming onto markets just caused 7 Middle Eastern markets to drop 7% +

    Stock market CRASH: ‘Billions’ wiped off investments as Iran sparks oil price war | World | News | Daily Express
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  7. #16
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    Oil back online, showing $28.58 from $29.65 close on Friday. It's funny because news all weekend has been saying that oil is going to drop more because of Iran but then the last 2 hours they were all putting a positive spin trying to say that this is all good for oil and that the market already anticipated Iran to bring the 500K b/d to markets etc. meanwhile before they were all stating that the 500k would be later in the year and now it seems that it will be more immediate "but we expected this" people are funny sometimes.. It's going to be a great Monday!
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  8. #17
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    I keep seeing the same switching sentiment; Marketwatch needs to decide which way it wants to push and stick with it!
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  9. #18
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    That will never happen cause of their bosses, it could literally be the end of the world but they would have to print that there are unicorns shitting out rainbows instead.
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  10. #19
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    "I drink a great deal. I sleep a little, and I smoke cigar after cigar. That is why I am in two-hundred-percent form." Winston Churchill

  11. #20
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    Wow this is nuts, no positive news what so ever, sanctions lifted on Iran and Iran adding 500k b/d to the markets yet oil has been rallying after the initial drop since last night... Any ideas?
    2000 Subaru Impreza 2.5 RS - Dead due to racing
    2011 Mitsubishi RVR - Traded for vehicle below!
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