Light Sweet Crude Oil Futures (CL\F15)

[Bertsllc]

lol. i got home tonight and said WTF! and oil down again. big time volatility in both markets

[hotrod34racer]

It hovered around that 300 for a while and right at the close it jumped 120 like right now! almost looked like a painted close Lol...



Cheers Buds \_/

[Bertsllc]

421 points. hasnt done anything like that in 3 years

[hotrod34racer]

If oil is the tail it's waging the dog IMO

Dow closing spike 120 points! Was this a spike high? I guess we will see

[Bertsllc]

high/low today... 57.14/53.62 its getting wacky

[boommer]

well WTI looks like its at a 5 year low

[IL Padrino]

Some are saying $30, but I doubt that and I don't want to look a gift horse in the mouth. $40 is plenty low for me and if it does go to $30 I'll average down.
In the oil world, what goes down, must go up.

Cheers

[hotrod34racer]

Yes I believe that your $40 is spot on, well at least today



Cheers Buds \_/

[IL Padrino]

Yes, I'm waiting for oil to go to around $40 a barrel. I'm looking at NBR and HAL right now as my main pics. Also thinking about buying some roubles as well.

So many opportunities, so little capital in my bank :)

[hotrod34racer]

Unless your looking to go short I would just keep watching my friend!



Cheers Buds \_/ and welcome to the board.

[Bertsllc]

i dont know if i would touch it rite now myself. this will play out till 2nd Q 2015 but i do watch to see what Russia plans to do to get price up again.

[IL Padrino]

Question for the board. Been looking into oil since the drop and plan on getting in soon.
Should I open a futures account or just trade stocks like HAL, CVX, and NBR?
What are the benefits/downfalls of each? I know I need $10K to open a futures account so I'm leaning towards just trading oil stocks.

As I understand, I'll need a futures account to trade WTI. Correct?

TIA!

[hotrod34racer]

My DD is coming up with, they don't care until it hits $40 and if it doesn't they will reevaluate in 3 months. Could get even worse IMO or better? depends on how your looking at it I suppose.

Still see it as sick economies, violent world, world war financial III



Cheers Buds \_/

[Bertsllc]

wow! ADX (indicating the strength of the trend) is at all time high of 70.43 on the daily chart

[Bertsllc]

WTI crude opened a dollar down. getting a bounce now but look for 55 soon
then i get 53 and 51

[hotrod34racer]

OPEC will stand by its decision not to cut output even if oil prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting, the United Arab Emirates’ energy minister said.

[Bertsllc]

Look at the drop in dividends of the junk bonds



Stock Traders Ignoring the Message From Junk Bond Traders

Perhaps 2014 will go down in history as the year that junk bonds sent a warning signal as oil plummeted and stocks just kept rallying.

Prices on high-yield bonds have declined 2.4 percent this month and 5.7 percent since the end of August, even as U.S. equities have climbed to new highs. The dollar-denominated debt is now yielding the most relative to a comparable measure on the Standard & Poor’s 500 index since 2011.

The divergence may signal junk-bond traders are picking up on a fundamental problem of overvalued energy companies in frothy markets fueled by six years of record Federal Reserve stimulus -- and that stock investors should pay attention. While falling oil prices mean consumers have extra cash to deploy elsewhere, boosting the economy, the price plunge may also crimp the capital spending by energy companies that has been a driver of growth in recent years.

“The big question is whether oil’s problems are going to stay local or whether they’re going to spread out,” Michael Shaoul, chief executive officer of Marketfield Asset Management said in a Dec. 9 Bloomberg Television interview. The test will be whether “this big decline in oil really provokes some kind of credit problems in either high-yield energy or in one of the emerging markets.”

Crude oil prices have fallen to the lowest since 2009 as the U.S. produces the most in 31 years at the same time that global growth slows. This has eaten into the values of junk bonds in particular, since energy companies accounted for an unprecedented proportion of that market earlier this year (conversely, it should be noted, their share of the S&P 500 Index (SPX) has dropped to the smallest since 2005).

http://www.bloomberg.com/news/2014-12-11/stock-traders-ignoring-the-message-from-junk-bond-traders.html

[TenKay]

We can thank the Saudi's then...they want to kill, or at least maim, two birds with one stone....US shale oil and Iran.

Rip OPEC.

[hotrod34racer]

This particular sword in sharp on both sides IMO

Personally love the lower fuel prices but also know that this could be a sign of a financial sickness.



Cheers Buds \_/

[TenKay]

WTI Jan/15 just dipped below $60...WOW.

[Bertsllc]

its funny, i have family and friends that were saying how great it is
now i think their getting nervous. msm has caught on a little now too.

[hotrod34racer]

I have seen bad penny stock charts that didn't look that bad

IMO the world is giving the US the finger right now, really I cant blame them! Lol...



Cheers Buds \_/

[Bertsllc]

nope. ran right threw that...

[hotrod34racer]

I'm not sure it's the bottom!

[Bertsllc]

double bottom

[Bertsllc]

somethime we get lucky

[hotrod34racer]

I still cant believe you times that bottom like that! Lol...



Cheers Buds \_/

[Bertsllc]

NetDania: New 1 month High: Gold, spot
Gold, spot
New 1 month High: 1221.11
Previous 1 month High: 1221.08

Source: NetDania Notify

09-December-2014 09:38:39

[hotrod34racer]

Still getting hammered here! lol...



Cheers Buds \_/

[Bertsllc]

62.78 this morning

[hotrod34racer]

Looks like everything is getting hammered!



Cheers Buds \_/

[Bertsllc]

52 week low for WTI crude

[Bertsllc]

bankers, money, power. russia is one of those to toss out the elites. and the B.R.I.C.K.S backing currency with gold is a shot across the bow as well

[doinit]

maybe it's all connected to private central banking getting their way in the last of the countries still denying them a spot in their country ,,,follow that topic and "always follow the money",,,,,,,top player is usually moving the pawns ,,,
find the list of those holding firm in 2000 (13) and those still holding out today (4),,,

[Bertsllc]

ha, that will do it

[hotrod34racer]

To make it work all I had to do was turn the TV off



Cheers Buds \_/

[Bertsllc]

I bet it is. Am sure I couldn't do it

[hotrod34racer]

Yes could be any day now, we set this farm up for 2 workers so now it's non stop for me started breading the goats and have them down to milking just once a day but it's still loads of work.



Cheers Buds \_/

[Bertsllc]

yeah same problem here. i say its all one big puzzle. but im too busy to figure it out.
its almost baby time isnt it ?

[hotrod34racer]

I read that somewhere are well but really how much stuff can a guy watch and still do his day job



Cheers Buds \_/

[Bertsllc]

also i read to watch junk bond market. another indicator

[hotrod34racer]

You know maybe? it has been lower and the world didn't stop turning but IMO it doesn't look good!

The world economy seem like it is going to implode but I still cant help but feel like when this is over or at least different that I will be standing here saying "How did I not see that coming?" Lol...

now we both know that Oil, silver, gold and the like are leading indicators and they are going off like a tornado warning system right now!



Cheers Buds \_/ and Happy Friday

[Bertsllc]

yep, i just posted a few articles at E/c board. i wonder if saudi's are in with other countries to sink the economy

[hotrod34racer]

Sub 66

Going to get a load of fuel

[Bertsllc]

i suspected this all along too. cold war

[hotrod34racer]

can no longer rely on the same oil revenues to rescue an economy suffering from European and U.S. sanctions

That one line gives me the feeling that the US has something to do with "No were not slowing the flow of oil" thing!

Nice post!



Cheers Buds \_/

[Bertsllc]

Oil at $40 Possible as Market Transforms From Caracas to Tehran
Oil's decline is proving to be the worst since the collapse of the financial system in 2008 and threatening to have the same global impact of falling prices three decades ago that led to the Mexican debt crisis and the end of the Soviet Union.

Russia, the world's largest producer, can no longer rely on the same oil revenues to rescue an economy suffering from European and U.S. sanctions. Iran, also reeling from similar sanctions, will need to reduce subsidies that have partly insulated its growing population. Nigeria, fighting an Islamic insurgency, and Venezuela, crippled by failing political and economic policies, also rank among the biggest losers from the decision by the Organization of Petroleum Exporting Countries last week to let the force of the market determine what some experts say will be the first free-fall in decades.
http://finance.yahoo.com/news/oil-40-possible-market-transforms-210100351.html

[Bertsllc]

for sure.

[Bertsllc]

works for me

[hotrod34racer]

Seamed fitting Lol...