Any oil traders out here on SS???

Discussion in 'Other Investments' started by Len82, Oct 10, 2012.

  1. Len82

    Len82 Member

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    Hi

    Just like to know if there are any SS members that trade the black gold stuff a.k.a OIL?

    Anyone know any good websites, eg. fundamental analysis, charts....
     
    Len82, Oct 10, 2012
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  2. atmidnight

    atmidnight New Member

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    Good question, ive been thinking about it for a while aswell, ive added what i thought were "etf"s or whatever to my ticker list
    but they dont seem to mirror the oil price much at all
    are there any ways to "go long" oil on the ASX? (Not a regular drilling or exploration company)
    or is it on some sort of commodities index that i dont know anything about?
     
    atmidnight, Oct 10, 2012
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  3. Len82

    Len82 Member

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    atmidnight - have you looked into CFD's??
     
    Len82, Oct 10, 2012
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  4. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    @atmidnight - Betashares crude oil ETF - ASX code OOO is the only one I know of on the ASX. It is currency hedged and tracks oil futures price - NOT SPOT PRICE. This is probably why you notice it doesn't track the oil price as closely as you'd expect.

    As Len82 mentioned, CFD's are by far your best opton IMHO.
     
    wrcmad, Oct 10, 2012
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  5. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    Ive got some Castrol GTX stashed out in the shed. :p

    Might also be some BP Corse+....damn fine oil that. :D

    What you after? :lol:
     
    Eureka Moments, Oct 10, 2012
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  6. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Snake oil :cool:
     
    wrcmad, Oct 10, 2012
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  7. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    I don't trade it
    The Shaguar consumes about 1litre a month :p
     
    spannermonkey, Oct 10, 2012
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  8. thatguy

    thatguy Active Member

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    Going long after the US election with the thought that the US (or one it's Proxy armies) will have a go at Iran soon after the inauguration
    [​IMG]
    BIG Pennant... really in no mans land at the moment (well I think it is a bargain :) )
     
    thatguy, Oct 10, 2012
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  9. atmidnight

    atmidnight New Member

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    cheers guys, ill have a look into CFD's
    Yeah OOO was the ticker i was looking at aswell, makes more sense now you've said that

    thanks again
     
    atmidnight, Oct 10, 2012
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  10. Len82

    Len82 Member

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    Just make sure you do your homework with CFD's

    Was on a winner last week with OIL!! now not so good :(
     
    Len82, Oct 10, 2012
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  11. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Stops! MUST. USE. STOPS. :)
     
    wrcmad, Oct 10, 2012
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  12. Len82

    Len82 Member

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    I do... cashed out last friday... went back in today... and have been ripped a new one!

    In for one last trade tonight... if get stopped out tonight... will call it a day - for the week...
     
    Len82, Oct 10, 2012
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  13. Len82

    Len82 Member

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    Any insights on where oil is headed in the next few days?

    Anyone come across any articles or charts???

    got short in around 93 and now is currently 91.... I think it will head south more...???
     
    Len82, Oct 19, 2012
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  14. Lav

    Lav New Member

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    I personally think you will get a steady decline until after the elections.
     
    Lav, Oct 20, 2012
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  15. Len82

    Len82 Member

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    Yep, I believe with the poor earnings this qtr... should see oil drop next week (unless middle east tension pops up again).

    However, not sure if it will keep declining until US elections... currently its ranged bound between 89-93.

    Fingers crossed if it does tank!! :D
     
    Len82, Oct 20, 2012
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