Oil

[bpcw]

What do people think of shorting oil at some poin soon?

Natural gas has the potential to fly, have a profitable position on the long side with a stop loss at break even.

[Budge]

What do people think of shorting oil at some poin soon?

If it's not intraday futures, probably not.

[Yodean]

I've been keeping an eye on oil as well, mostly because of its implications for other markets. Personally, I wouldn't short it at this point - I've been using Heikin-Ashi charts to help determine turning points in particularly volatile markets - and they haven't met my criteria, in terms of risk vs. reward, to enter that particular trade at this point. Doesn't mean it won't work, of course.

After all, the TIT, in one of the recent MUs, predicted that oil would top out in the $81-$83 range, and the TIT usually turns out to be right at some point. In addition, the U.S. and some of the other big players are going to release some oil from their strategic reserves soon.

Still, I don't like shorting oil. Gotta save some funds for the Russian asset accumulation plan, probably starting tomorrow onwards. Have to see what the Heikin-Ashi tea leaves tell me.

[bpcw]

Yes I agree, now not the time, need to see the MACD's closing.

Have a profitable long position in natural gas with a stop loss at break even, could possibly surge on Russian supply disruption.

[harryg]

In these type of situations the charts don't tell you much. It will drop, but when and from which level?

Distressed Russian securities such as Polymetal could be worth a look. Drop of 70%, gold & silver mining company. Russian currency devalued so their domestic operations cost less.

On the flipside, could be delisted or possibly even nationalised (?)

Back to oil:
Dear Trader,
In light of ongoing geopolitical tensions and unprecedented volatility in the energy sector, IBKR has increased the margin requirement on all oil derivatives (Futures and Futures options).
The margin requirement for oil derivatives was increased by as much as 15% from previous day’s level, effective for Trade Date 2 March 2022. Additional initial and maintenance margin increases should be expected with changes in market conditions, along with a higher initial margin to maintenance margin ratio (currently 125%).

[AstuteShift]

Best time to buy oil was during the hysteria 2020 nonsense

Now, no way Jose. Tech and the Nasdaq are at mouth watering levels so I rotate to that

[bpcw]

Best time to buy oil was during the hysteria 2020 nonsense

Now, no way Jose. Tech and the Nasdaq are at mouth watering levels so I rotate to that

I was asking about shorting it! Don't think I will though!

[SOL]

Best time to buy oil was during the hysteria 2020 nonsense

Now, no way Jose. Tech and the Nasdaq are at mouth watering levels so I rotate to that

I was asking about shorting it! Don't think I will though!

SCO is a safer option than shorting Oil Futures. If I were to short oil I would divide the funds into at least 4 lots. Shorting is always risky but if you are right SCO could easily double. Many Tech stocks are on sale. It appears that the markets have put in a bottom and another low is possible in April or end of March probably higher low, the zig zag action will continue for roughly 6 months and then a much larger top should take shape.

[Yodean]

Distressed Russian securities such as Polymetal could be worth a look. Drop of 70%, gold & silver mining company. Russian currency devalued so their domestic operations cost less.

For the RAAP (Russian Asset Accumulation Plan), I am sticking with RSX. The eventual losers/delisted will be more than outweighed by the winners, is my current thesis. RSX has 4.15% Polymetal or so.

My 1st lot is coming soon, and it's going to be a big one, not the usual size.

[bpcw]

Shorting always more risky, had varying success!

[Yodean]

Feels a bit like April 2008 wrt oil, bought my 1st lot of SCO, here we go, c'mon Queen Greta, destroy those evil oil barons, Metaverse Earth only has 6.66 years before it burns, yo ...

[Budge]

Russia's strategic moves:

Gazprom's 30-year deal with China in 2014, went online 2019. Power of Siberia pumps 38 bn cu m/pa of gas. Now there are plans to build Power of Siberia 2/Soyuz Vostok pipeline (50 bn cu m/pa).

"If the deal with China goes through, Russia will also build an interconnector between its west and east-bound pipelines paving the way to redirect the gas, that is currently being supplied to Europe, towards China, thereby reducing its dependence on European imports."

https://interestingengineering.com/russ ... e-to-china

Russia also developing its Artic Silk Road:

https://interestingengineering.com/vide ... -heres-why