Very violent Oil swings

Discussion in 'Commodities Forum' started by Hedonologist, Feb 5, 2015.

  1. Hedonologist

    Hedonologist Well-Known Member

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    Down over 8% yesterday, and a slight recovery today.

    So essentially a month long crash, then a sudden rebound, now it's back on the floor. What on earth can we expect from oil over the next 2 weeks?
     
  2. Gelsemium

    Gelsemium Senior Investor

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    That is a good question and the person that knows the answer to that can make a lot of money in the times to come. The fact is that it's more volatile than ever, so it's hard to predict.
     
  3. Hedonologist

    Hedonologist Well-Known Member

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    I believe the rally was the biggest 1 day rise since mid 2009, and the fall was the largest since mid 2008.
     
  4. crimsonghost747

    crimsonghost747 Senior Investor

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    This volatility is really making me want to day trade. So many great opportunities but obviously also very risky, too bad the capital required for any significant gains would take a huge bite out of my portfolio so I'm not willing to risk that much.
     
  5. Gelsemium

    Gelsemium Senior Investor

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    Yes, that is the big question about day trade, huge rewards associated with huge risks too, you might make a lot of money or lose it all... Good luck though!
     
  6. crimsonghost747

    crimsonghost747 Senior Investor

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    Well I did start yesterday! Though with small amounts, not enough to earn a living with but this is for the fun just as much as it's for the cash. Managed to profit a bit but again... would have needed to trade with 20k instead of 2k to make any real money.
     

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