Posted by elementsix on 1st of Apr 2026 at 02:48 pm
Oil - I've also heard that the actual "oil shock" is still
traveling across the ocean... yet to hit any shores because it
takes that time for the Oil to be shipped and arrive places.
On the flip side, I'm trying hard not to short oil on the
thought that Trump will say something that causes prices to finally
crash back down. It's a coin flip, who knows...
Personally, I ignore these pundits, commentators etc. Putting
that aside, I do think there may be another leg up in
Oil.
Brent, for example, is forming a bullish wedge. (Ignoring the
Trump bearish Oil comments short term spike down last night which
was quickly bought probably due to waning belief in his
comments)
Gulf Oil CEO chief adviser
Posted by rbreese on 1st of Apr 2026 at 01:50 pm
On Bloomberg stated he feels Oil is likely going higher in price.
Jeff Currie said the same
Posted by frtaylor on 1st of Apr 2026 at 02:34 pm
Jeff Currie said the same thing a couple weeks ago. Based on the "flow rate," regardless of whether the Strait was reopened.
Oil - I've also heard
Posted by elementsix on 1st of Apr 2026 at 02:48 pm
Oil - I've also heard that the actual "oil shock" is still traveling across the ocean... yet to hit any shores because it takes that time for the Oil to be shipped and arrive places.
On the flip side, I'm trying hard not to short oil on the thought that Trump will say something that causes prices to finally crash back down. It's a coin flip, who knows...
"I'm trying hard not to
Posted by mla127 on 1st of Apr 2026 at 03:10 pm
"I'm trying hard not to short oil" .... same here ... lol
Oil needs a move up
Posted by rbreese on 1st of Apr 2026 at 02:36 pm
If we are going to get the Matt ABC set up he just discussed would be a great buy.
Personally, I ignore these pundits,
Posted by vimal on 1st of Apr 2026 at 02:22 pm
Personally, I ignore these pundits, commentators etc. Putting that aside, I do think there may be another leg up in Oil.
Brent, for example, is forming a bullish wedge. (Ignoring the Trump bearish Oil comments short term spike down last night which was quickly bought probably due to waning belief in his comments)
He's an oracle ... that's
Posted by mla127 on 1st of Apr 2026 at 02:21 pm
He's an oracle ... that's a bold prediction