iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,843 Blog Posts

OUTLOOK FOR OIL – DECIDEDLY NEUTRAL

Well, here’s my final tally…

Which Comes First for Crude? $40 or $50?

$50 – 52%

$40 – 48%

Seems the crowd is torn on the next 10% move from here. I was simply trying to gauge the level of optimism/pessimism here, but am very surprised to get such a neutral response.

If we’ve really found neutral ground, it likely means we’ve found a price that we’ll pin or trade around for the next few weeks. We’ll see how that goes.

Thanks for your participation.

If you enjoy the content at iBankCoin, please follow us on Twitter

16 comments

  1. dlrago8

    OA, thoughts on LIT (an EFT). Thanks

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Option Addict

      I always prefer to pick a stock against an ETF. I own LIXXF. Any of the holdings you like in there?

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • dlrago8

        I was trying to diversify a little. Had LIXXF – didn’t buy more back at $1.08 and subsequently sold it – like a dummy. Tough to pull the trigger again unless it comes down a little. Dumb logic I know.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  2. Beechoo

    OA- any views on miners here? Think we go lower?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. philsy13

    $P Bot some Sep calls.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. tonka

    I do love a boring range trade every now and then.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. Z

    I’ll give you credit for perhaps wanting a slow two weeks and writing about a neutral topic. You might have chosen to write an article about the destruction of TSLA this week and weekly puts paying thousands and thousands of percents but then you might have had to wade through many, many emotional, strange, and argumentative comments.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Option Addict

      Yeah, but then I always lose IQ points getting into those types of debates here.

      If you can’t tell I sorta ran out of shits to give.

      • 1
      • 0
      • 0 Deem this to be "Fake News"
  6. btfd

    Option, what do you think about RAD down here?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. ThomasJefferson

    $OZRK interesting earning play this week.

    Next week: $LHO, $PACW, $QCOM (but imp.vol. is up).

    And there’s something about $UNP (reports next week). I have a ‘hunch play’ that usually comes up every quarter, and that might be it.

    The shining stars in set ups still look like regional banks. There were 10 other good ones, but I liked $OZRK and $PACW best.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Stella

    I am a newly grad and just started trading. Could you please recommend good Index fund to put 30% of my money? Appreciate.

    • 0
    • 0
    • 0 Deem this to be "Fake News"