Why shouldnt I be shorting crude right now?
All of you cynical fucks seem to think it still isnt close to the bottom
Because you can't predict which way it will go and it's volatile as fuck.
Could go to $25 tomorrow, could go to $40 next week.
Your chances of winning and predicting what happens are better playing roulette.
I can whip the ass of any roulette player any day in the energy markets. Any fucking day. Probability says so.
I'm only paper trading but I have Brent and WTI and an oil company shorted the last few days. I'm in the green right now. I'm not seeing any signs of it raising any time soon. But when it does start going back up I'll probably buy back in for that too.
That's what they said when it went under 40.
That's what they said when it went under 35.
That's what they said when it went under 30.
In 1986, that's what they said when it went under $10.
Just wager your money already and shut the fuck up.
Are you seeking validation or something? Do you think you are the smartest person in the world for coming up with this idea?
Guess again, faggot.
Goldman Sachs just came out and called a $20 bottom.
I bet they are waiting for the noobs like you to borrow and sell, so that they can load up on almost a billion+ dollars into crude. Price will get frozen at $27-28 and then rocket out.
The jew is hoping to make grand profits from the Arab stupidity.
The truth doesn't hurt the experienced. Go back to piercing your tattooed genitals and perusing dragon dildo ads while at work. Men are talking here.
You can buy a refined product in barrels. Oil? No. Unless you are Nigerian and drill holes in oil pipelines.
Oil thieves in the US use vacuum trucks to steal oil. Oil isn't produced and put into barrels. Oil is measured in "barrels", that "barrel" being 42 gallons.
I would personnally bet on a further descent on a short term - like 18-20$ -> some lump-sum money immediately on a warrant.
And then on skyrocketing prices on a long row -> investing on a tracker/ETF a little bit every month. What do you guys think?