So much for the stable price narrative: Saudi Arabia may require prices of almost $100 a barrel to cover government spending as well as the ambitious projects ofCrown Prince Mohammed Bin Salman, estimates from Bloomberg Economics indicate. The kingdom has spent considerable sums on ventures ranging from the futuristic city known as Neom to the acquisition of top-flight footballers like Cristiano Ronaldo for its domestic league.
@elerianm@ecb Just no way @Lagarde is going to pause in September. This is Europe, it does the job in one go. It pauses when its done. Its not the USA, it doesn't need time off or a break to confuse everyone. #interestrates#inflation
my wife (and business partner!) described our work to her best friends as “oil and gas influencer” and then they all just nodded like that cleared everything up
Crude prices continue to ease back but we're still within the higher of the two ranges in which the barrel has been stuck year-to-date.
I personally won't get too concerned until Brent drops below $80.
Gonna need to see those sustained inventory draws before we break above $90.
US oil production is expected to hit a record 12.8 million barrels a day in 2023, helping supply a market that has tightened on Saudi output cuts https://t.co/T7DIjgtD9K
@_swiftjournal Journaling is essential to review past performance, the why of the trade, what lead you to enter, stop out,
how your emotions dealt with trade management during the trade. Recording the frequency of each type of mistake you continue to make.
@MacroMicroMe@elerianm@ecb What no one is talking about is that come 2024.. instead of rate rises ( even if monetarily appropriate) we are going to have to get used to extensions in analysts guesses and Fed speak regarding when the first rate cuts will start.. could be pushed into 2025 imo. @FerroTV
@albertedwards99 Problem is that 'analysts' read delayed as mild in recession terms. whereas what we will get is an 'elongated recession'.. that will feel never ending. Where dollar cost averagers will call the concept itself into question.
@Bull_B3ar Totally get this. I have recently been experiencing the same. So to brainwash myself to 'stop thinking I know better' and overriding my rules, I am trading a tiny size for a week or two. #rules_over_profits
@bsurveillance@tomkeene 2000-2002 is a taster of the carnage to come for a good part of the rest of this decade. We have built up so much over so long. Thank me in 2026 😆
@toritrades Tori.. stop looking at the crude price 😱and the pips you left on the table. 5K still very good money on a single trade. Tbf any lifestyle or non trading change pretty much always messes with your psychology until things settle down.
@kaileyleinz Interesting. my son at 21, just said a similar thing "I'm so used to that recognisable logo, now its a different one." Those who have lived through multiple candy name changes are maybe able to cope better.. @ferroTV knows what I mean.