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Goldman's got skin in the oil game.

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Posted (edited)

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 by dmedin

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

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He's a clever guy, is our Goldman.  😉

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Posted (edited)

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!

1364511378_Oil-BrentCrude_20200520_15_05.thumb.png.e711d2ca4b0dd3bb980ef4f10c4dc2d6.png

Edited by dmedin

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Oil made a significant penetration overnight, missed it again.

I hate missing out on big penetrations. :(

1900374444_Oil-BrentCrude_20200605_11_15.thumb.png.1a033cb917121e1e5672eefb84a05b8d.png

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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.  

680812631_Oil-BrentCrude_20200608_20_44.thumb.png.f0de9f928161977fc16329f3ef0d779b.png

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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!

1406612849_Oil-BrentCrude_20200610_17_28.thumb.png.efc039ad254532f5137a5ddc61cfac81.png

 

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

92138853_Oil-BrentCrude_20200611_06_52.thumb.png.f26f922d89cdbb92f3b9d4d12e3ae284.png

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

1297394045_Oil-BrentCrude_20200611_14_40.thumb.png.2a771e7aa31d1fbacc593ee5704bb31f.png

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

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What a sweet surprise, oil is on the rise 😘

546228113_Oil-BrentCrude_20200615_18_10.thumb.png.801fbf897e34a72a6f24331ee60b1af9.png

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

853830758_Oil-BrentCrude_20200616_13_53.thumb.png.5b68d2c3796a5dd3932c22b33d4f66d9.png

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

13492802_Oil-BrentCrude_20200616_17_11.thumb.png.44ae379f5c9b1754ab60f910085b53d6.png

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Another stinky f4rt in the elevator 🤢

1306996487_Oil-BrentCrude_20200617_11_11.thumb.png.f11aec4c74102a1edfff92cb9fbb90bd.png

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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.

402637178_Oil-BrentCrude_20200618_17_52.thumb.png.39e0eaad844d1125717372b00ab102ed.png

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The Goldman could still be right!

1237654742_Oil-BrentCrude_20200619_17_45.thumb.png.e1078f3621c24e317c46bbd16aaad76c.png

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Look at oil go, breaking another resistance level 🐮

829295185_Oil-BrentCrude_20200622_22_03.thumb.png.c645200f387e1ecb60e846d59e842f31.png

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Here comes the oil again, bonnie loon 🐮

 

234627217_Oil-BrentCrude_20200625_18_27.thumb.png.6bc559c88016b2e824e5097ed92fdaa9.png

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Back up again now, bonnie loon? 🐮

1110225152_Oil-BrentCrude_20200629_11_24.thumb.png.c8acb18a772cad9b9fb4fa4d732bd495.png

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3 minutes ago, dmedin said:

78% of 501+ clients long 🤔

which oil? are you calling Monte a liar? 👀

 

US Crude;

image.png.1ea71bf57fc3a1ecc5fb123767584a81.png

  • Thought provoking 1

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