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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (72171)10/14/2022 12:06:21 PM
From: Sun Tzu1 Recommendation

Recommended By
ajtj99

  Read Replies (1) | Respond to of 97947
 
They didn't say that. This is what happened.

OPEC said that they are cutting production in order to preserve long term investment viability (pretty much a BS, but ok). The administration then told the Saudis, in that case, don't worry about it b/c we will buy at *75* to refill SPR and that will prevent the prices from falling. To which the Saudis replied, not a chance - you just want to string us along till the elections.

The bottom line, it is now every man for himself.

Was there any news on oil today or just couldn't keep its weight?



To: ajtj99 who wrote (72171)10/14/2022 12:22:18 PM
From: Sun Tzu  Read Replies (1) | Respond to of 97947
 
Presending the first intraday SCI vs SPX (at the bottom).
SCI divergences with SPX in sell/buy zones are a tell?

What do you think?




To: ajtj99 who wrote (72171)10/14/2022 12:56:06 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 97947
 
They have supposedly denied that buying rumor, saying they are under no timeframe to refill. If you have a specific recent link I'd love to see it, maybe I missed something. I'm tempted to hedge my energy positions again, but I'm net short enough in excess that there's no real pressure account wise.