Another bloodbath tomorrow would put us in an area where it
bounced hard before .... round numbers (80) will start
getting some attention ... we start hitting the 70's, then
the media's spotlight will flash this all over ....
I read somewhere that increased oil exports
from the US are a great concern to the Shieks of Saudi/?They don't
want competition
A major export on a million-barrel tanker
recently sailed from Valdez, Alaska to South Korea. (A million
Barrel!)The first major export in over 10 years according to Byron
King '(Saudi's price cut announcement came a few days later.
Coincidence?)'
Oil
Posted by mla127 on 14th of Oct 2014 at 03:28 pm
Another bloodbath tomorrow would put us in an area where it bounced hard before .... round numbers (80) will start getting some attention ... we start hitting the 70's, then the media's spotlight will flash this all over ....
Big macro problems for oil:
Posted by a_l_ on 14th of Oct 2014 at 03:33 pm
Big macro problems for oil: global growth slowing + deflation + rising supplies + OPEC talking it lower all at the same time.
Title: Might the Saudi
Posted by saturn6 on 14th of Oct 2014 at 03:40 pm
I read somewhere that increased oil exports from the US are a great concern to the Shieks of Saudi/?They don't want competition
A major export on a million-barrel tanker recently sailed from Valdez, Alaska to South Korea. (A million Barrel!)The first major export in over 10 years according to Byron King '(Saudi's price cut announcement came a few days later. Coincidence?)'
Yes, they want margins squeezed
Posted by a_l_ on 14th of Oct 2014 at 03:42 pm
Yes, they want margins squeezed on shale operators.
that support zone matches the
Posted by matt on 14th of Oct 2014 at 03:31 pm
that support zone matches the long term trendline from late 1998 that Steve showed on the weekend