Legendary Oil Trader (Andy Hall) Expects Crude Prices To Rebound

https://oilprice.com/Energy/Energy-General/Legendary-Oil-Trader-Expects-Crude-Prices-To-Rebound.html

Just like it was Syria-Russia who eventually won in Syria, in the end.

Donald Trump is fighting a lone losing battle trying to press oil down. He is in fact klllling his own domestic shale sector with his illogical effort. Shale cannot live with low oil.

It is OPEC-Russia who is eventually going to win, in the end.

The Genting effect is going to start dissipating by tomorrow. Now, that is certainly going to kill the tide of naysayers, gloom merchants and negativistic dickheads and their momentum.

If so easily scared & worried about everything, then better not be playing in Bursa. It is only for people with stout hearts.

Brent has broken past 62 again

Brent has broken past 62 again

The cockerel is flapping his wings. Readying himself up for a good strong fly.

In a case like that one, what you can do, sometimes, is look around at something else & make a switch at the most suitable time. For example, on a day when Reach is up & either Reach WA or Perdana is down, then you can switch to either Reach WA or Perdana.

When you have made some profit there, then you can switch back to Reach, again at the right time. Then, you might reduce your paper loss. Or, if you're lucky, you might even wipe it out completely.

Good things in store for us all.

Better quit the sentimentality, ToffeeMoose. We're all in the oil business now. Oil is our commodity. Now, tell me, you want to sell your merchandise for chicken feed, or at a more proper price.

Brent has breached 66. Could be breaking through 67 by tomorrow.

Among some initial headlines from OPEC Abu Dhabi meeting ...

"We do feel that the oil markets will be at risk to volatility as financial markets become more aware over the potentiality of a slowdown in the global economy next year, and that a REDUCTION in oil supply next year would be APPROPRIATE with the risks of lower economic growth."

https://www.zawya.com/mena/en/markets/story/OPEC_Initial_impressions_from_the_Abu_Dhabi_meeting-ZAWYA20181112093351/

Ha ha ha

LOL

Donald Trump losing power

Democratic House Brings Uncertainty To Trump Foreign Policy

https://www.rferl.org/a/democratic-house-brings-uncertainty-to-trump-foreign-policy/29587470.html

OPEC, Non-Cartel Partners Suggest Production Cuts To Come

Last Updated: November 11, 2018 18:38 GMT

https://www.rferl.org/a/opec-non-cartel-partners-meet-in-u-a-e-to-consider-output-cuts/29594097.html

Ha ha. We understand.

But he can still crow, though. Can'stop him crowing. He is a natural crower.

Brent resuming uptrend

And then it's going to be, Bye Bye 40 ...

Brent still holding above 72. Good sign.

Anyone playing Perdana? Did very well today.

How are you going to lead your men to keep fighting & to win the battle, if minor setback also you start crying already.

Stay strong, stay cool, and stay positive, Jeffrey Ng. Must maintain the warrior mindset all the time.

Brent now nearly breaching 73 again. Tomorrow attacking 74.

DreamConqueror, you promised us an Arabic song & dance if break 40. Now it's touched 41.

Well ...

Well, we can do with something to warm us up in this coolish weather.

Ha ha

Coming qrtr should be better than last one, logically. Becos avrg oil price higher.

+328.07 (1.32%) now, and still going strong. You're going to have sweet green dreams, Nicholas.

LOL. Bring it on, man.

Well, what can you say. The world is full of crazy people, these days.

Dow Jones & KL Composite Index have zero effect on profitability of oil company in Malaysia. Nil. Nought. Zilch.

So, no need to worry about either of them at all.

Brent latest 77.4

Who cares about Dow Jones.

And that will mean oil eventually resuming its upward path again, GH1.

If PH cancels job award to Gamuda & gvs it to foreign company, political shit might snowball, and PH gov might fall in GE15.

November 4 looming not so far away. Only 10 days to go from today.

Forget about Dow Jones. Oil company profit in Malaysia is not impacted whatsoever by trends in DJIA.

Brent gone up past 77 now. Looking strong. Could be breaching 78 by tomorrow.

Four years ago, they intentionally made the oil price crash from $120 down to $35. And they believed that it would be good for them.

Now, two weeks ago, they sent well over a dozen army thugs to torture & kill a harmless middle aged part-time journalist in a consulate of theirs in Istanbul, and expect that they can easily cover it up & pass it off as an unintended accidental death. After trying to bluff that the man had already gone out of the building.

There is simply no end to Saudi stupidity.

Moving up

Amen

Reach can still do 47 today. Not impossible, even with DJ drop.

Brent oil 80.1

Why keep mentioning WTI price. You make it look low.

150? If friction & tension builds up & sustains between US & Saudi, could happen.

Only Donald Trump is dangerously unpredictable. But he won't be around forever. Only two years left for him. And the last 6 months of that, he'll be a lame duck by then.

6 months ago, even 80 everybody was saying impossible. Let alone 100. But now 100 is beginning to look quite possible.

Dow Jones up 400+ points, so far.

Brent now 81.3

Weak volume