Oil Still bearish IMO 42.66-41could be support

Mar 13, 2017

Higher the supply lower the price. US keep injecting more barrels day and day hence price drops.

Injected 8.5M barrels last week

Next US OIL inventory scheduled on Wed with FED US Rate decision.

Mar 14, 2017

Note

Tomorrow We have FED rate Decision Oil inventory Figures and Saudis Meeting with Trump

Supply vs Demand

Higher the supply lower the price of oil
Lower the supply higher the price of oil
Lower the demand lower the price of oil
Higher the demand higher the price of oil

POSSIBLE OUTCOMES

IF FED HIKES and Higher the Inventory (Higher the supply) OIL will tank (go down)

IF FED REMAIN UNCHANGED and Lower the inventory (Lower the supply) OIL will Rally (go up)

IF FED HIKES and Lower the inventory (Lower the supply) OIL neutral

IF FED REMAIN UNCHANGED and Higher the inventory (Higher the supply) OIL netural

Mar 14, 2017

Note

reuters.com/article/us-saudi-usa-idUSKBN16K06Z

independent.co.uk/news/world/americas/donald-trump-saudi-arabia-crown-prince-white-house-visit-date-confirmed-a7626796.html

rt.com/usa/380560-top-saudi-prince-meeting-trump/

Mar 14, 2017

Note

My Take IF FED HIKES and Higher the Inventory (Higher the supply) OIL will tank (go down)

Mar 14, 2017

Note

Tomorrow. Watch Oil Inventory level and Fed Rate

Mar 15, 2017

Note

IF FED HIKES and Lower the inventory (Lower the supply) OIL neutral

Nov 13, 2017

Note

m not trading oil just got some though on replaying this idea.. 1.13 level 65$ would be some resistance to test 50% 53.5. 78.6 88.6 1 1.13 ultimate resistance..

Nov 17, 2017

Note

bloomberg.com/news/articles/2017-11-16/norway-s-1-trillion-wealth-fund-wants-out-of-oil-and-gas-stocks there has been some news on largest funds quiting on oil and gas

Nov 17, 2017

Note

seekingalpha.com/article/4125681-expect-upcoming-opec-meeting Some prediction OPEC oil cuts to be exteneded till March or till 2018 end ,, *OPEC is expected to extend cuts at meeting on Nov. 30. SINGAPORE, Nov 16- Oil markets edged up on Thursday as expectations that OPEC will extend production cuts at a meeting at the end of this month outweighed rising U.S. crude production and inventories

Nov 17, 2017

Note

the simple demand and supply is if more cuts lesser supply higher the price of oil goes 65$ is some top for some time then 53.5 47-45 35 will be supported. I dont trade oil quick replaying on oil idea gave me this thought and left tracking us oil inventory long time ago..