Brent closed below US$ 67.50 for the week... price rollback?
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April 7th, 2018 08:13 PM #4642May ROLLBACK next week! estimates:
Gas= P0.40-P0.50/Liter
Diesel = P0.25-P0.35/Liter
Kerosene = no movement
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April 7th, 2018 10:55 PM #4644"Ang liit naman ng rollback, Morgan...."
Originally Posted by Monseratto
"Sticky downwards, dude....."😎😉😊
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April 11th, 2018 06:45 PM #4646brent holds above 70
since this morning Asia session
to this afternoon European session
something's gonna happen
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April 12th, 2018 02:49 PM #4649Brent above 72, what do you mean by "buy the rumor"? Originally Posted by uls
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April 12th, 2018 02:58 PM #4650i posted that last night before brent broke thru 72 Originally Posted by jakewise
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buy the rumor sell the news
traders do not wait for something to become news before they react
when there's rumor, react quickly
then you sell after news confirms the rumor
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April 12th, 2018 03:08 PM #4651oil went up not because of a rumor. Originally Posted by jakewise
Stocks on edge, oil soars on escalating Middle East tensions | Reuters
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April 12th, 2018 03:25 PM #4652by the time news came out, oil already rallied
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if you waited for news before you BUY, you're too late
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as early as yesterday morning traders already bid up brent above 71
coz EU air traffic control warned commercial flights to avoid Syria
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you don't wait for reuters or bloomberg to tell the world Trump wants to strike Syria
by the time the world finds out, the money has already been made
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April 12th, 2018 03:30 PM #4653non-traders don't know "buy the rumor..."
only dumb investors buy on headlines
Last edited by uls; April 12th, 2018 at 03:33 PM.
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April 12th, 2018 03:49 PM #4654Hit a peak of US$ 73.50... now lower at 72.80...
France, Britain and US move forces off Syria to show they have taken the political high ground. Waiting for a token strike against evil Assad... Just don't kill any of Poohtin's troops.Last edited by Monseratto; April 12th, 2018 at 03:51 PM.
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April 12th, 2018 04:03 PM #4655another factor driving oil prices higher -- Saudi Arabia signaled they want oil at around $80
to support their government’s spending (Saudi govt spends a lot!)
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April 12th, 2018 04:04 PM #4656Mapifeel kaya natin agad yung effect sa gas prices?
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April 12th, 2018 04:21 PM #4658aside from fiscal break even, SA is planning to take Saudi Aramco public
they need oil prices to be high para mataas ang value (they're aiming for $2 trillion!!)
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April 12th, 2018 04:27 PM #4660malamang next week meron fuel price hike Originally Posted by zbraganza
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Originally Posted by Monseratto
