Oil kept going down shit hit my stop loss and lost 10k not the end of the world whatever,

    But I am too stupid to understand how did it fall so low, infrastructure still destroyed strait is blocked tankers are rerouting choosing routes that are months longer instead of waiting outside it, my brain is telling me number go up?

    https://i.redd.it/6xmittpi46vg1.jpeg

    Posted by Ok-Birthday-2096

    40 Comments

    1. Run-Forever1989 on

      Don’t trade stuff you don’t understand. I promise the guy on the other side of your trade understands it better than you do.

    2. Because these markets are retarded and Trump keeps edging the world claiming we’re about to have a peace deal. Same shit he’s been saying for two months and yet these dumb fucks still believe this retard.

    3. There are two factors at play: first the U.S. blockade is not of the strait of Hormuz like headlines are saying. The U.S. blockade it at the strait of Hormuz because it’s an excellent choke point but the blockade only affects ships heading to or from Iranian ports. Other gulf nations can potentially still export oil and import goods. We had a mildly tense moment yesterday which put the word of that promise to the test when a Chinese chip transversed the strait, docked in the UAE and unloaded goods freely. The U.S. blockade presence also provides some security for ships transversing the strait against the ongoing Iranian blockade which is supposed to be total and enforced by drone bombardment.

      With the U.S. blockade and defense in place we’re not cutting off 20% of the world’s supply of oil, just the 4% of the global oil supply that Iran contributes. Other gulf nations have suffered from destroyed infrastructure but they aren’t wholly crippled. We aren’t necessarily returning to pre-war oil prices but the situation is comparatively better than it was when crude futures were 115.

      The second factor is a headline from yesterday that Iranian officials are weighing giving up on enriching uranium for another 20 years. If they give up on that then we could conceivably return to business as normal soonish.

    4. Welcome to commodities trading: where everyone knows it’s manipulated as fuck and logic is thrown out the window to both buyers and sellers.

      What’s that you ask? Historic oil shock? Most oil shocks take about a year and half to recover in best case scenarios? Spot oil is trading $50 over paper oil? Oil shortages haven’t even started yet? Hormuz is still closed? Stop speaking your silly facts.

      Joking aside, paper market has a historic level disconnect right now with the physical market. At this point, buyers are throwing in the towel because they just expect more tweets to hit to cause panic selling. You have to remember there can be a disconnect if you’re going to gamble on it.

    5. Green-Discussion6128 on

      This is futures market where everything is a casino. The physical oil is being sold in some markets at 150usd.

    6. get_MEAN_yall on

      So we have big guns now pointed at the guys who were pointing big guns at the merchant ships. Bullish

    7. There was this guy that got q delivery notice for 2000 barels , maybe he got that sold

    8. GushingAnusCheese on

      It is going down as people are pricing in de-escalation in the near future. There is optimism that all parties will come to the table and work out a deal, this is why you are seeing huge drops based on headlines of potential fresh talks, I do think that this may be over optimistic considering that you would need compliance from Hezbollah and Israel and also the fact that trump can lie and say progress is being made and the market will and has reacted every time. I personally don’t think it will ease off anytime soon and also have a 10x leveraged long position.

    9. Puzzleheaded_Tie5967 on

      The slot machine always wins. Commodities trading will get you broke fast.

    10. Ready_Scratch_1902 on

      oil sits in oceans below ground.

      humans control the spigot above ground.

      humans.

    11. Because the big boys wants it down. Futures has not much to do with spot price apparently.

    12. Environmental_Fix488 on

      The market is green and that means the market know something we don’t know (at least you and me). Maybe there are new routes, maybe the situation is not that bad as they want you to think, who knows. My amundi is at +5,7 today so, after all, might be a good year. Let’s keep it like that haha

    13. You probably waited til the cease fire in Iran & the open hormuz tenative agreement. Classic rookie mistake. You FOMO’d. The money was made the couple weeks before talks between the US & Iran. When Donnie t was going all pew pew pew and oil spiked. You missed the window.

    14. Oils going down because He cut off china to Greenland and got those mineral deposits going. He cutting off all need for the eastern hemisphere while trying to set up a US export of oil. If Iran did this one time they might as well do it forever and It showed nato won’t do anything about it. Get people used to coming here for it and promise it won’t happen here and it will always run smoothly. Energy independence even with oil and exporting it as well

    15. Aromatic_Ad_3892 on

      Easing tensions is what’s making oil drop, ceasefire is helping. Them blockading the strait makes no difference because the strait was already basically blocked. Them not continuing the war even though a deal wasn’t agreed to makes a bigger impact.

    16. Middle_Cockroach_709 on

      The blockade on Iranian ports is OP. The regime is in a cash crunch, this is costing them $400m a day and if they can’t export their oil their infrastructure will be damaged. Additionally, they have no refinery capacity thus they import their gasoline. They will quickly be facing food and fuel shortages and no way to pay their soldiers which puts the regime at a huge risk of collapse.

    17. Lonely_Ebb_6228 on

      because you bought calls dude. the market literally revolves around doing the exact opposite of whatever your portfolio needs tbh. the algos saw you enter the trade and immediately dumped the price ngl.

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