I genuinely can't tellA lot of creeping pumps up, followed by dumps which quickly recoverNot sure if to short or longNews goes from Strait is closed to strait is open and back to closed within hours. My news feeds cant even keep up The whole chart seems faker than a meme coin
>>62141778my personal opinion is that it is being suppressed see SPR releases constant news to dissuade concern over the longevity of the disruption and how it is in every governments interests to keep it low
I think Trump is going to graciously suspend the blockade today and schedule peace talks for Friday
>>62141778>suppressedyes>propped upyes>I genuinely can't tellthat's the point>A lot of creeping pumps up, followed by dumps which quickly recovermmm hmm>Not sure if to short or longyou're not supposed to be sure>is closed to strait is open and back to closed within hoursmmm hmm>The whole chart seems faker than a meme coinyup whales a' whalin'
>>62141778I've never had success trading WTI or brent etc... Too many variables, impossible to trade. Orange MIGA man can shitpost on his personal blog and drive the market up or down... i just have XLE XOP OIH and recently added LNGX spot; LEAPS on XOP CVX. happy with my exposure and free to spend my mental energy elswhere
>>62141854yep this is the way, trading futures on oil unless you have a direct line to the white house is pointless due to how many have deep rooted interests in keeping its prices controlled its better to long equity's related to it then the actual raw resource
>>62141778Paper and physical is disconnected. What you see is a scheme to constantly liquidate retarded leveragetards and fomo niggers. That’s all there is to it. Large cash funds have the ability to see the leveraged positions and liquidate highly leveraged idiots and these retards still use leverage despite this fact.
Futures are garbage. Is there some kind of synthetic spot ETF for oil?
>>62141949several
>>62141778>why is this thing that goes up and down going up and down? what manner of sorcery is this?it's all so tiresome
>>62141778Oil is being priced as if Hormuz is opening next month, and on top of that it's being slightly suppressed
>>62141778>Is Oil being suppressedApparently the gap between physical and paper is the biggest ever. Physical is 120-130 these days
I hope it goes to $200 per barrel so that we can all relax
>>62141932;-;
>>62144900lol
>>62141778suppressed...we had $5 dollar gas when obongo was president.
