So, oilbros, things are ramping up and we're past the redline regarding the situation becoming normal by june. Now the question is what do we do next, what comes next, and for how long do we hold our oil stocks positions? Obviously in the short and near term, it's a hold. But the situation will reach a point we'll enter a recession, and likely a depression. Which WILL make oil dump. How do we perfectly time the top, not selling too soon but not selling too late either? What will be the signs?The Economist magazine is a good Cramer-like reverse bottom or top indicator, but we can't solely rely on that.Discuss everything oil related and events in the Gulf impacting oil. Feel, free to give tickers ideas (fully integrated, refiners, transportation, oil utilities for reconstruction, etc)
>>62497478This shit seems manipulated. Not sure how you regular traders work with it without insider knowledge.
>>62497598I mean, it's obviously heavily manipulated, but it can only be done for so long. The solution is to NOT engage in paper oil trading. I stay away from anything that has a timer on it. And I do so not only for oil, but for everything else.As such, I'm simply in actual oil stonks, sitting comfy, I have all the time in the world while the events unfold. And I rack in nice divies in the meantime all while refiners and fully integrated oil companies are racking in mad cash with refined oil margins never seen in History. The earnings reports will be absolutely insane.But yeah, all in all, you're fighting against governments that have all the reasons to make oil be as low as possible. For good reasons, I mean. Strategic reserves exist for a reason, and obviously they were made for such circumstances. You thus have to trade with this in mind, but it's very doable.
