This page has been archived and commenting is disabled.
WTI Crude Surges Towards $58 - Completes "Manic Wtf" Pattern
From below $56 to $58 in a few hours as terrible Asian, European, and US PMIs prompt a spoofed, manic stop-run to Tuesday's highs.
The "Wtf" is complete...
These are your markets...
»
- 18194 reads
- Printer-friendly version
- Send to friend
- advertisements -
Oil in a Dubya pattern. Shocker
log of inverse no head, double high shoulders new charting pattern called "hands up, don't shoot".
Wtf.. best in all caps.. and BOLD
Like.. WTF, over?
Biggest WTF since Lehman?
Oil should be like $150 in the' Puff the Magic Negro' economy
.
Lehman's is old news, we're for a whole new class of disaster.....
well poop...
spoof me once, uhh shame on ...won't get spoofed again...?
it's the big W! just like in the movie It's a Mad, Mad, Mad, Mad World.
Love that movie
So.... we can re-hire the laid-off oil workers and stop panicing about HY drilling company bond defualts?
Nein. All news is bad news, forever and ever, amen.
Happiness verboten ist!
No, we wait for them to drop out of the labor force so our unemployment rate drops down. The amazing Obama, he saved the eCONomy and lowered the sea levels.
Funemployment for everyone.....
Full manipulation mode engaged, can't have those hyper-levered shale companies bankrupting our banks, now can we...
It was all a guy in his mother's basement with a $2MM account. In a couple years he'll get arrested by the new govvy oil price watchdog, or by the CFTC.
WTFTB "what the fuck to buy"?
the dip.....buy the fucking dip.
waiting for it.
Buy all the things.
Buy a fucking Saudi Arabia prostitute who drives and let's you breastfeed her while driving in desert at 230 km/h.
you breastfeed her? god you guys are twisted
I'd rather she breastfeed me
That deserves a What The Fuck, Really?
Good, higher oil prices means higher gas prices. I love being fucked.
We are pretty much fucked either way.....
It's dutch door action.
Financial Dutch Oven
Gold is up minutely though....
It's funny how the article writers on this site believe they are the best arbiters of value and the tone of the articles always is reflective of disbelief and cynicism when things don't go according to their suppositions.
Have to generate clicks somehow. It's tough being a bear in a centrally planned world.
yeah and the amount of glib shitheads who's only point is to point out what they perceive as cynicism. Go rail on marketwatch and see how long your account lasts....
<<what they perceive as cynicism>>
It's not manipulation when it's up! Fundamentals, baby.
Just snapped up a pair of Yellen's soiled panties from her hey-day on e-bay for a song. Yep cunt still stinks. You want crude?
Memorial Day is approaching. Get down to your local dealer to purchase a channel stuffing inventoried vehicle.
Big Bill's Hell
http://m.youtube.com/watch?v=4sZuN0xXWLc
Ask them about refinancing rates for a used Chevy Volt.
I almost spit my coffee on the screen when I watched that. LOL
USD slipping today - supports a move up in commodities
WTI oil daily has shown resistance near 57-58 for a while
http://bullandbearmash.com/chart/wti-oil-daily-closes-5758-resistance-pl...
Bloated inventories will crush crude very soon. From peak oil to peak oil storage - yet another reason the MSM is useless.
Who provides the information about storage that you rely so heavily on to determine if there is in fact a glut? Who owns that oil in the storage and why did they buy it if they expected it to go down? So far they look to be the smart ones and the ones posting here look about as clueless as ever.
Are we at $20 yet? Let me know when we get there, I thought it was already supposed to have happened........
Actually he's partially correct. The paper market is buying the softer $usd = higher commodity prices meme. The markets are completely inverted because of CB policies.
The commodity currencies are also bid on the softer $usd today. In a normal world strong demand would drive higher commodity prices. In this centrally planned world weaker demand is driving $usd weakness and higher commodity prices.
the $USD needs to come back a bit before rates go higher and $USD goes bid
the trend is clearly established
oil back to $45 by Dec.
long term oil average $40 imo
that's why the layoffs and the mothballing of projects
wrs1 makes an excellent point.
Sure, for whatever reason, my original comment #5966823 has been removed (along with everyone else's)
but FWIW:
Tue, 04/07/2015 - 15:22 | 5966823 GoinFawr
" if POBrent pops ~59.75 and WCS (Western Captured Supplier) discount holds <~13fiatscos..."
Can I get a witness?
I ought to be selling tix...
This is preparation for a new gasoline tax hike. Mark my words. Consumption hasn't gone up, lack of taxation revenues has gone down. And low market share for carbon electric clown cars transition has sent them into the red.
These are your markets on crack
It took months for the market 'planners' to get control of the oil market. The PM markets were easy by comparison. How long will it take to capture the lumber market?!?
What?
You mean Saudi production rates can only move the market so-far, and no further???
Who knew?
These are your markets driven by magically created money, ZIRP, yield chasing, stop hunting, and PHD mathematician programmed algos with leveraged billions to make and move markets.
Did I pass the test?
+1 highest in the class.
The Saudis want the US to go in to Yemen but we will not do that.
Therefore Saudi Arabia itself will have to do this.
This is very good news for shale drillers in North Dakota.
We molested some folks.
Anyone who still thinks Goldman is going to let the US consumer pump sub-$3.00 gas on the Fourth of July is sadly mistaken...
MSM is saying oil is up because of SUPPLY CONCERNS!
W T F