it's one of those "sell first think later" decisions like what Don always said.
make sense though since it's quite heavy on uncertainty now....OPEC + Fed....

revisit of 08-09 low possible....32-33?.....

ya, saudi wants to "prove" he is right, this policy can kill shale. He got the pride to win. Well, pride, is kind of fatal character, be it win or loss.

ok, correction. Just google, it said "On December 23, 2008, WTI crude oil spot price fell to US$30.28 a barrel"

This post has been edited by yok70: Dec 5 2015, 12:42 AM

suddenly good news is good news.
rate hike is good news.

highly possible

if it break down 40 barrier without any positive news (very unlikely to have one), i guess it will go much lower of fear coming from even expanding oil production (iran coming, saudi say no to cut) next year. Saudi really wants to kill more shale companies at least for next year, a big gamble placed.

This post has been edited by yok70: Dec 5 2015, 11:18 PM

ya, these experts follows the trend and forecast like a smart ass.

speaking of energy alternative, battery technology is improving significantly lately that's why we are seeing electric cars being produced from Tesla, and more coming. By the use of batteries, power consuming will be reduced significantly too.

As we understand, global warming issue has been discussing for decades, but not much improvement and support coming from the world. However, in recent few years (especially late 2 years), the situation is getting really bad and world powerhouse countries such as US and China are working harder to it. We know a lot of technology was being invented far before they are being expose and actually applied to everyday's live. Meaning, technology goes far beyond our daily life. So, when the super powerhouse high tech countries such as US, Japan and now even China are all putting their effort on this issue, time for us to see a big jump on environmental friendly energy technology can be far sooner then we could imagine.

Well, these are the things in my mind if we try to find the other side of story regarding oil energy role in future. However, probably not, probably oil will stay for another 100 years because it's still the most economic (cheapest to produce and highest margin for companies). We never know. Economy and politics are always stick together as one.

ps: one weak point about crude oil is that, it really has not much use beside to be used to generate energy. Without this "business", it is dead. Not worth then mineral water, definitely.

This post has been edited by yok70: Dec 8 2015, 01:51 AM

longing energy etf is also very daring move.
chicken out unless it corrected 20% or so....

This post has been edited by yok70: Dec 8 2015, 02:44 AM

ya, a weaker right shoulder than the left shoulder, however volume is quite equivalent. Lets watch that 60 support, guess it's a break or rebound point. If break down, it's gonna be deep. On fundamental side, i don't see anything positive for oil companies right now. So, where to find positive sentiment for them to rebound? that's my question. Well for stocks, fed rate hike could be a catalyst though, lets see if this could pull oil stocks up or not.

lets watch if it could go 32-33....

no strong bear spotted yet.
hmm....if it won't appear before 16th, high chance good news is good news once again, rally into new year.
still 7 days to go. we'll see.

my friend said XLE gives good dividend, wondering what's its yield at current price.

Thanks. Wow, that's quite high.

32-33 could be its next target....we'll see.

another day of weak bear it seems....lets see how it goes later of the day.

the fear is back.....lets see how it ends today, looking bearish a little.....

dangerous before 16th.

sending you all my luck.

HK index broke down support, looks like investors don't want to risk the weekend, actually the fed 16th. Next week's close will be interesting, the week after will be even more interesting. Totally unpredictable.

turning fierce....

quite a show. friday usually double the fear.