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Goldman's got skin in the oil game.

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There seems to be a correction in Brent oil every 10-14 days since the April lows, occasionally prefaced with a smaller drop and bounce. Is this just another correction before next leg higher or are we gonna see a narrower range traded here for a while til the second wave of Rona sorts herself out?

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A big selling candle, almost immediately followed by a big buying candle.

Make sense of that if you will.

Trade it up and down both ways, if you can.

Makes no sense to me :)

190342424_Oil-BrentCrude_20200710_20_34.thumb.png.b18beeb5018de8ab1bbc0c7ee66850e2.png

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11 minutes ago, dmedin said:

A big selling candle, almost immediately followed by a big buying candle.

Make sense of that if you will.

yeah sure. In a one way auction price can only move in one direction (up),

BUT in a two way auction price can move both up AND down. 

For the last 12 months you have been participating in a TWO way auction.

Sorry to be the one to break the news to you.

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Posted (edited)
3 hours ago, Caseynotes said:

 

BUT in a two way auction price can move both up AND down. 

 

 

Oh really?😨😨😨😨😨😨

 

Edited by dmedin

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Still no sign of $36 oil - no long for the Goldman.  :)

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Only to go straight back up again :)

1443167860_Oil-BrentCrude_20200720_15_59.thumb.png.67edec4bdf7e9eb7a46b3ef9c0eba8d0.png

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Looks more like $46 a barrel is on the cards 😎

1693568668_Oil-BrentCrude_20200721_09_02.thumb.png.44e60a7088c6b1730e8039cab431a909.png

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Could be gearing up for another thrust higher, stuck in a range between R2 and Piv at the moment toots 😘

624388576_Oil-BrentCrude_20200725_13_55.thumb.png.e97f7c03730c50cd24270100a7198859.png

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Gearing up for a thrust Eileen 😘

1742747858_Oil-BrentCrude_20200727_12_02.thumb.png.241355cd11b480517a819a966cc48127.png

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Oil sh!ts the bed!  Funny old game!

1632515376_Oil-BrentCrude_20200727_15_06.thumb.png.aab926710ed7ff2d90d90c1b12a55ef4.png

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Look at that big stonker Irene :D

1997670513_Oil-BrentCrude_20200727_18_49.thumb.png.c9c78f45278f60014c8a4b7cbb9cb711.png

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Well, the Goldman's foreskin has lost its magic charm :P $46 oil comes before $36 oil!

 

Oil - Brent Crude_20200805_12.12.png

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Well now Tamsin, will $45 hold and if so will it go on and have a stab at $49 😘

 

Oil - Brent Crude_20200805_22.55.png

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Here's oil about to thrust higher Josephine 🤓

 

Oil - Brent Crude_20200810_14.36.png

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Is oil about to thrust higher, Samwise Gamgee 🤓

 

Oil - Brent Crude_20200816_23.27.png

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Are you gearing up for another move higher my dear? 💨

 

Oil - Brent Crude_20200824_09.28.png

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Come on Eileen, let's have $47.50 for a barrel of crude oil 😘

 

Oil - Brent Crude_20200825_07.47.png

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Well, Cassandra?  Well, Eileen?  Well, Tom Bombadil? 🐮

 

Oil - Brent Crude_20200827_17.12.png

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Not any more though!  Oil totally and utterly sh!ts the bed.

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Kiss goodbye to your job if you work in the oil industry.

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