Goldman's got skin in the oil game.

[dmedin]

They've been 'calling for' $20 a barrel even before the cuts were announced.  It's almost as if they have a short position open.  Or maybe that's where they'd just love to buy 

https://uk.reuters.com/article/uk-global-oil-research-goldman/strategic-reserve-purchases-not-enough-to-balance-oil-market-goldman-idUKKCN21X0WR?il=0

Edited April 15, 2020 by dmedin

[dmedin]

Seems to me like Goldman did a good thing to get his foreskin into the game

[dmedin]

He's a clever guy, is our Goldman.  😉

[dmedin]

Oh dear, and this comes right off the back of all the doom and gloom.

Cognitive dissonance, much? 

The Goldman must be rubbing his hands with glee!

Edited May 20, 2020 by dmedin

[dmedin]

Go long, Jeroboam.

[dmedin]

Oil made a significant penetration overnight, missed it again.

I hate missing out on big penetrations.

[dmedin]

Brent has hoisted down its breeches and slapped down a tidy pile of number two.

But this could be a new opportunity to buy in the making.  

[dmedin]

Ay me, Samantha 🤔

Goldman expects Brent prices to reach $35 per barrel in the short term, compared with around $43 hit on Monday.

https://uk.reuters.com/article/uk-global-oil-research-goldman/goldman-sachs-expects-oil-rally-to-run-out-of-steam-soon-idUKKBN23G0JU

[dmedin]

What's this I see here, Samwise Gamgee?

Patricia, Veronica - what's your take?

Doesn't it look like a tempting long?  Ay me - the temptation!

 

[dmedin]

Thank g*d I didn't, although I lost plenty elsewhere - stupid fecker that I am 

[dmedin]

There it goes, Tamsin.  Don't make daddy disappointed, now.

[dmedin]

Well it's rising again now and I'm out.  I shouldn't be trading counter-trend anyway.  Silly fecker that I am.

[dmedin]

Oil is still parping away

[dmedin]

What a sweet surprise, oil is on the rise 😘

[dmedin]

I don't see evidence for this supposed short-term $35 a barrel ...

[dmedin]

That candle is about as welcome as a f4rt in a lift ...

[dmedin]

Another stinky f4rt in the elevator 🤢

[gball1975]

Why the drop since 09:45 today?

[dmedin]

There is goes back up again, after two very bearish candles and a build-up in inventories.  Just goes to show, you can be an expert 'market analyst' all you like but your guess is as good as anyone else's ... what a load of old tosh.

[dmedin]

There she goes ...

[dmedin]

The Goldman could still be right!

[dmedin]

Look at oil go, breaking another resistance level 🐮

[dmedin]

Here comes the oil again, bonnie loon 🐮

 

[dmedin]

Back up again now, bonnie loon? 🐮

[dmedin]

Eileen?

[dmedin]

78% of 501+ clients long 🤔

[Caseynotes]

3 minutes ago, dmedin said:

78% of 501+ clients long 🤔

which oil? are you calling Monte a liar? 👀

 

US Crude;

[dmedin]

$46 for a barrel of oil, Eileen? 🐮

[dmedin]

Oil has a stiffie 🤓

[dmedin]

Will the Goldman's magical foreskin come true?  Will oil hit $35?