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Started By
Message
Is now the time to short oil? Buy Inverse oil etf SCO
Posted on 3/1/22 at 11:56 pm
Posted on 3/1/22 at 11:56 pm
I’m extremely tempted to start dipping into SCO at the open if oil is still hovering around $110/barrel. This price is obviously unsustainable and headline driven. Tough to guess what Putin will do next but I don’t see oil staying at this level for long. Thoughts??
15
Posted on 3/2/22 at 4:34 am to jlu03
I like the idea but not quite yet.. 150$ oil seems realistic at this point
Posted on 3/2/22 at 6:34 am to jlu03
Be a man and short contracts baw, lol no risk there
Posted on 3/2/22 at 6:38 am to jlu03
BofA says if we sanction Russian oil, we'll be looking at $200/bbl
Posted on 3/2/22 at 7:09 am to jlu03
If we truly sanction Russian oil we are 150 easy, if not more.
Posted on 3/2/22 at 7:30 am to jlu03
Oil reversal? shite I'm pissed that I sold most my oil stocks a couple weeks ago before the war. I'm going to miss out on a good run.
Posted on 3/2/22 at 7:55 am to jlu03
Yes, short oil when the affects of these Russian sanctions hasn't flown through supply. The traders are scared to touch oil even in India and China. Urals crude prices are crashing because there's no demand. Buyers won't even accept free freight.
Posted on 3/2/22 at 8:03 am to NC_Tigah
quote:
BofA says if we sanction Russian oil, we'll be looking at $200/bbl
Link?
Posted on 3/2/22 at 8:08 am to jlu03
Watch DRIP also
Posted on 3/2/22 at 8:11 am to Hussss
The last time oil spiked they were practically giving 3/4 and 1 tons away. I might make some lemonade if that repeats.
Posted on 3/2/22 at 8:25 am to Wraytex
They are going to be forced to reopen all oil/ gas production and restart some of the coal operated power plants ASAP before the November election. It’s the democrats only hope of starving off a total wipeout at the polls.
Posted on 3/2/22 at 9:07 am to jlu03
I thought you shorted things that were going down. Oil is going to climb for a while.
Posted on 3/2/22 at 9:38 am to deathvalleytiger10
quote:Live report on CNBC
BofA says if we sanction Russian oil, we'll be looking at $200/bbl
Link?
quote:
Daniel Turner argued on Wednesday that the price of oil can "easily" hit $150 a barrel amid the tension overseas and warned that if sanctions are ever imposed on Russian oil, which he admitted is "doubtful," the price will soar to $200 a barrel.
LINK
quote:
Analysts at Bank of America have said that oil could go as high as $200 a barrel if the Russian supply was completely cut off.
LINK
Posted on 3/2/22 at 9:48 am to NC_Tigah
$200 barrel oil will send our entire economy into a tailspin.
Posted on 3/2/22 at 11:34 am to Triple Bogey
quote:Thus, Biden will continue to fund Russia's war vis-a-vis Russian oil purchases.
$200 barrel oil will send our entire economy into a tailspin.
Posted on 3/2/22 at 12:45 pm to NC_Tigah
Pressure will force him to reopen everything. Every day production is closed in the US the worse politically it gets for him.
Posted on 3/2/22 at 1:04 pm to Triple Bogey
quote:
$200 barrel oil will send our entire economy into a tailspin.
Since that is the goal, I expect it will happen.
Posted on 3/2/22 at 2:45 pm to tigerfoot
quote:
I thought you shorted things that were going down. Oil is going to climb for a while.
Usually when everyone is saying this then it's time to do the opposite
Posted on 3/2/22 at 2:52 pm to jlu03
When obama drove oil prices sky high, dubya wasn't in any hurry to get them back down.
Posted on 3/2/22 at 3:28 pm to jlu03
I'd be scared to short it at $110. Plus I don't know how to short it 
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