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Oil Prices: $62.54 to $108.78

Started by sharkbok147 REPLIES1,861 VIEWS· 19 Mar 2026, 11:34
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PL
PlumCaptain21,007 posts
05 May 2026, 12:05
#121
05 May 2026, 12:05#121

..:by the way...have a look at the images I posted..:since early on, there is a nice yellow box there that says "Short Here".


Does that mean anything to you?


Haha pleb!



sharkbok
sharkbokCaptain23,261 posts
05 May 2026, 12:15
#122
05 May 2026, 12:15#122

@ButtPlug, try this prompt:


Is Trump's crypto firm doing well? (e.g. is it making people money or losing them money?)


RESPONSE:


No, Trump's crypto ventures are largely losing money for investors right now.


Key Ventures

Trump-associated crypto efforts include World Liberty Financial (WLFI, with its USD1 stablecoin), meme coins like TRUMP and MELANIA, and American Bitcoin Corp (ABTC), a bitcoin mining firm backed by his sons. The family has earned over $1.2 billion in profits from token sales and fees, mainly via early allocations and structures favoring insiders.


Investor Performance

Tokens such as TRUMP (down ~96% from $73–75 peak to $2.80–2.90), MELANIA (down ~99% to $0.10–0.17), WLFI (down 76–90%+ to ~$0.08), and ABTC stock (down 84–93% to ~$1) have cratered from highs, with retail holders facing the bulk of losses amid market crashes and controversies like WLFI's borrowing issues. USD1 stablecoin has grown to $4.2 billion market cap (up 476%), providing some stability, but overall, post-hype declines dominate.


Family vs. Public Gains

While the Trumps cashed out billions pre-tax through sales and fees (e.g., $390M+ from WLFI, $315M from TRUMP), ongoing holdings and new investors suffer from volatility and downturns, as seen in recent 19% WLFI drops and ABTC short-selling pressure


sharkbok
sharkbokCaptain23,261 posts
05 May 2026, 12:52
#123
05 May 2026, 12:52#123

Your recommendations to short proved to be bullshit. Oil is now at its highest it has been in ages. So if you acted on your own "advice", you would be making a substantial loss.


Just before a deal is about to be signed is the time to sell oil. However, only the Trump insiders know when this will happen. They are privy to information that everyone else is not - including the best economists or investors.


PL
PlumCaptain21,007 posts
05 May 2026, 13:32
#124
05 May 2026, 13:32#124

Lol ou Visser.


Trump lives in your tiny mind.


The poor man must be cramped as hell in there.

sharkbok
sharkbokCaptain23,261 posts
05 May 2026, 13:55
#125
05 May 2026, 13:55#125

Did you buy Trump Crypto? LOL.

PL
PlumCaptain21,007 posts
05 May 2026, 17:10
#126
05 May 2026, 17:10#126

No.


You are getting off topic.


Did you look up what trading actually is?


...or do you still think it's the same as investing?


Instead of trying to be a doos, go and read this page.


https://investingoal.com/trading/chart-pattern/


It's got some beginner info on charting.


...then go on the tradingview.com website and look at some chart histories. See if you can spot how often those patterns play out.


Then come back here and say thank you because I just showed you something interesting.


Not everything has to be a fight, VisKop.



sharkbok
sharkbokCaptain23,261 posts
05 May 2026, 23:33
#127
05 May 2026, 23:33#127

ButtPlug, trading is short-term investment. Investment is long-term investment. Insider Trading is using information that the market is not privy to. (e.g. Before Trump makes a big announcement on Iran, their is usually a buy or sell off just before this.

DB
DbDraadCaptain26,388 posts
05 May 2026, 23:39
#128
05 May 2026, 23:39#128

Insider trading is illegal for company directors and other insiders...not for politicians...it should be though.

PL
PlumCaptain21,007 posts
06 May 2026, 07:33
#129
06 May 2026, 07:33#129

Yes, Visser, we know that Trump lives in your head.


Is there any more Trump related news, conspiracies, retarded speculations, opinions, rants or snippets you'd like to get off your hoender bors today?

PL
PlumCaptain21,007 posts
06 May 2026, 11:44
#130
06 May 2026, 11:44#130

Okay, Fishnuts...here you go...from my previous post...


"What seems more likely is a completed bounce toward position (5) and then a move back down to the bottom of the ascending channel."


Here is that chart again for you...



Note that I made this post at the start of the bounce off of the bottom of the channel...


Does that mean i am an "inside trader? Could you call it that accurately?


You said it's not possible to make calls without having access to all the variables...and yet the drawing right in front you proves you wrong. So what now?


And now price has broken down through the bottom of the channel and looks like it will again follow the rule of a 10% move downwards from the price at channel break.



Tell me, how i am doing it?


Here you are, giving it the big one, while I'm predicting the future.


By the way, here is an empty chart...because i think having my analysis over it all the time has given you a sense that it's easy to do. So tell me, looking at this chart...where would you start?



sharkbok
sharkbokCaptain23,261 posts
06 May 2026, 11:58
#131
06 May 2026, 11:58#131

That chart has no labels, so it could be anything. (e.g. -


PL
PlumCaptain21,007 posts
06 May 2026, 12:46
#132
06 May 2026, 12:46#132

Exactly.


As i said before, you're totally out of your depth.


And far too immature to admit that i called it exactly as it would happen. Not only something you can't do, but something you claimed was impossible.


Sucks to be you hahahaha

DB
DbDraadCaptain26,388 posts
06 May 2026, 13:25
#133
06 May 2026, 13:25#133

Shorting is basically the opposite of investing...for a marketing graduate not to know this doesn't make sense...we studied a bit of it in Civils... he's trolling us Plum.

sharkbok
sharkbokCaptain23,261 posts
06 May 2026, 13:37
#134
06 May 2026, 13:37#134

@Buttplug,


What exactly did you predict? Your style of writing is vague, and sometimes hard to infer what you mean.

I am not sure if this is intentional or unintentional. Your chart has no dates, which seems bizarre when referencing shorting.


I have no idea what you predicted,


However, the time is short (trading). It is just before the value goes down. The price of oil is now higher than it has been in ages, and since the start of the war.


P.s - Do you now see Crypto as shorting- and not a proper investment?

So you just want to benefit from people holding onto Crypto for too long?

Day trading is a profession, a day-to-day job. Leave it to people who know markets, and possibly insider information


So really, the time to short is just before a trade deal is signed.



When is the best time to shortsell/trade

Completed 2 steps

The best time to short is usually after confirmation of weakness, not just when a price looks “high.” In practice, that often means shorting into a breakdown, a failed rally, or a clear downtrend with risk controlled above recent resistance.


Practical timing

For swing trades, many traders prefer names already trading below the 200-day moving average or showing lower highs and lower lows. For day trading, some traders focus on the morning period after the opening move has shown weakness, but that’s highly dependent on the stock, liquidity, and news flow.


When to avoid it

It is usually a bad idea to short right before earnings, regulatory decisions, major central bank announcements, or other big news because sharp squeezes can wipe out a position quickly. Low-liquidity stocks and euphoric momentum names are also dangerous because they can gap hard against you.


Simple rule

A cleaner rule is: wait for a breakdown plus confirmation, then size the trade small enough that a squeeze won’t damage you badly. If you mean shorting stocks, options, or crypto, the “best time” changes a lot by market and timeframe


sharkbok
sharkbokCaptain23,261 posts
06 May 2026, 14:02
#135
06 May 2026, 14:02#135

Look,I also made a chart. Shortsell here, or forever regret it





PL
PlumCaptain21,007 posts
06 May 2026, 15:37
#136
06 May 2026, 15:37#136

"What exactly did you predict? "


hahaha


Totally and utterly out of your depth bud.


Lol...like completely!


...but that doesn't stop you running your mouth.



sharkbok
sharkbokCaptain23,261 posts
06 May 2026, 18:29
#137
06 May 2026, 18:29#137

So you are scared to say:


  1. What you predicted
  2. What date/timeframe this would this happen
  3. The recommended action (e.g. Sell)


If I were a pretentious person, I would use that "diagram" to wipe my digital arse



PL
PlumCaptain21,007 posts
06 May 2026, 18:51
#138
06 May 2026, 18:51#138

lol it's all up above in this thread, and it's all very clear. It could not be clearer. Price targets, break down levels...literally everything is right there.


...but somehow I'm scared to say it.


Is this like that time when you couldn't do basic maths? Perhaps like the time I have to explain the difference between possibility and probability to you?



sharkbok
sharkbokCaptain23,261 posts
06 May 2026, 19:11
#139
06 May 2026, 19:11#139

My analogy: "If you throw a ball up, it will eventually go back down". That is what you predicted.

Imagine a day trader looked at your chart with no labels; they could not act on it - even if it was right.

PL
PlumCaptain21,007 posts
06 May 2026, 20:13
#140
06 May 2026, 20:13#140

No. That is not what I predicted.


I am gonna say it again. You are out of your depth.


I'll help you a little, put into Chat...


"In trading and chart analysis what is a breakdown level?"


PS it's a daily chart. All in the information you need is there. Each candle represents one day.



PL
PlumCaptain21,007 posts
07 May 2026, 11:23
#141
07 May 2026, 11:23#141

Hey, Visser...has the proverbial penny dropped yet?


RO
RooinekCaptain18,117 posts
07 May 2026, 12:27
#142
07 May 2026, 12:27#142

A few quotes from Plum:


March 9: "Brent price dropped from $116 to $103 since 04:00 this morning. I wouldn't bank on the Brent price remaining elevated."


March 9: "I'm thinking it's going all the way back down to $80."


Since those comments the price of oil has risen steadily (which is what I predicted at the time). Not sure why Plum is still pretending he got anything right. He couldn't have got it more wrong if he tried.




sharkbok
sharkbokCaptain23,261 posts
07 May 2026, 14:43
#143
07 May 2026, 14:43#143

Bitcoin ButtPlug make the wrong call...


Most people were expecting the price of oil to go down - but only after the war was ended, not when it was getting worse. No charts were needed, given it was the war which caused the price to increase.


I see Trump just announced that Operation Fury (Strike down on thee with Furious anger - Pulp Fiction), was over, and Project Freedom had replaced it.

Although Project Freedom did not even last one day. Are we on Project "End of times" now, or back to operation Fury?

PL
PlumCaptain21,007 posts
07 May 2026, 14:47
#144
07 May 2026, 14:47#144

March 9: "Brent price dropped from $116 to $103 since 04:00 this morning. I wouldn't bank on the Brent price remaining elevated."


March 9: "I'm thinking it's going all the way back down to $80."


...and it went back down to $82...look at the chart.


Simply scroll through this thread from the top and look at how i predicted where price would be rejected or bounce.


I think the confusing thing here is that I'm making trading calls and you guys area treating them as long term positions. Probably my fault as i mentioned a trading range right at the start but never explained what that is.


I'll quickly explain.


When i say price is going back down to 80$...that does not mean that i think it will remain there.


Assume price is at 110 and moving up...and i say it will get rejected at 120 and move down to 90. What i am saying is that when it gets close to 120, put in a short position. When it then goes down near to 90, exit your short position and take your profit.


So, what I have been doing on this thread is showing bounce and rejection zones that a trader would use as confirmation to enter into short term positions. As I said at the start of this...there is a trading range here. The volatility can be played. And i showed how to do it. This was never about..."buy this and hold it for years". It was about "when it gets there, make a play", and then "when it gets to the next spot exit your play". That is what trading is.


That is why i said that price will drop by about 10% when it falls out of the channel...it did that almost exactly. So the moment it dropped out of the channel, you would enter a short...and then when it completes its 10% downward move from there you would exit you position. Then you wait for the next move.


Now, go back through this thread, look at how i showed where what price would do and you'll notice that for the most part I managed to show where price would go, before it do so.


Again, this was a perfect example of how to play the volatility within a trading range and i kept it nice and simple.







PL
PlumCaptain21,007 posts
07 May 2026, 14:59
#145
07 May 2026, 14:59#145

Ja, ou Visser...I know you can't stop thinking about Trump.


Any other genius insights you wanna share today?





sharkbok
sharkbokCaptain23,261 posts
07 May 2026, 20:10
#146
07 May 2026, 20:10#146

As I said, ButtPlug, you have a very obtuse style of writing. It is often difficult to understand what point you are trying to get across.


An obtuse style of writing is characterised as being difficult to understand, unclear, or intentionally evasive. While often confused with "abstruse" (which means complex or profound), an obtuse writing style is "dull," "blunt," or lacks precision, making it challenging for readers to grasp the point. [1, 2, 3]


Characteristics of Obtuse Writing

  1. Ambiguous and Vague: Language that is intentionally indirect, designed to evade meaning rather than express it clearly.
  2. Overgeneralized: Vague assertions that lack specific, concrete details.
  3. Excessive Jargon: Dense, technical language that masks the core message.
  4. Ineffective Noun Strings: Compounding too many nouns together, making sentences laborious to parse.
  5. Insensitive or Dull: Often used to describe communication that is tactless, blunt, or displays a lack of perception. [1, 2, 3, 4, 5]


Obtuse vs. Abstruse

While frequently interchanged, these terms have different nuances:

  1. Obtuse (Writing): Dull, unclear, or intentionally evasive language.
  2. Abstruse (Subject Matter): Complex, hidden, or esoteric topics that are difficult to understand. [1, 2, 3, 4, 5]


Examples in Writing

  1. Bureaucratic/Legalistic: "It is incumbent upon the authorized personnel to facilitate the optimization of utilization" (meaning: "Staff should use this efficiently").
  2. "Purple Prose": Excessive, flowery language where the style overwhelms the substance, often seen as pretentious.
  3. Deliberately Obscure: Using complex phrasing to avoid taking a firm, clear stance on a topic. [1, 2, 3, 4, 5]

In essence, an obtuse writing style is "not the sharpest tool in the shed"—it fails to be pointed and direct

PL
PlumCaptain21,007 posts
07 May 2026, 22:51
#147
07 May 2026, 22:51#147

Query; Is this clear?


"Simply scroll through this thread from the top and look at how i predicted where price would be rejected or bounce.


I think the confusing thing here is that I'm making trading calls and you guys area treating them as long term positions. Probably my fault as i mentioned a trading range right at the start but never explained what that is.


I'll quickly explain.


When i say price is going back down to 80$...that does not mean that i think it will remain there.


Assume price is at 110 and moving up...and i say it will get rejected at 120 and move down to 90. What i am saying is that when it gets close to 120, put in a short position. When it then goes down near to 90, exit your short position and take your profit.


So, what I have been doing on this thread is showing bounce and rejection zones that a trader would use as confirmation to enter into short term positions. As I said at the start of this...there is a trading range here. The volatility can be played. And i showed how to do it. This was never about..."buy this and hold it for years". It was about "when it gets there, make a play", and then "when it gets to the next spot exit your play". That is what trading is.


That is why i said that price will drop by about 10% when it falls out of the channel...it did that almost exactly. So the moment it dropped out of the channel, you would enter a short...and then when it completes its 10% downward move from there you would exit you position. Then you wait for the next move.


Now, go back through this thread, look at how i showed where what price would do and you'll notice that for the most part I managed to show where price would go, before it do so.


Again, this was a perfect example of how to play the volatility within a trading range and i kept it nice and simple."



Response;


Yes — it’s clear.

You’re distinguishing between:

  1. Short-term trading calls within a range
  2. vs.
  3. Long-term investment theses

And your point is that people interpreted your targets as final destination prices rather than trade setup levels.

The core logic you’re describing is:

  1. Identify a trading range/channel.
  2. Mark likely rejection and bounce zones.
  3. Enter positions near those levels.
  4. Exit at the next expected move.
  5. Repeat as volatility oscillates within the range.

Your example explains it well:

  1. Price approaches resistance ? short setup.
  2. Price falls toward support ? close short/take profit.
  3. Wait for the next setup.

So when you said:

  1. “price will go to $80”
  2. you meant:
  3. “there’s a tradable move toward $80,”
  4. not:
  5. “the asset belongs at $80 forever.”

The clarification about the 10% channel breakdown also makes sense in a trading context:

  1. break of structure = entry trigger
  2. projected move = profit target
  3. not a permanent directional prediction

Overall, the message is coherent and internally consistent. The only thing that was probably missing earlier was explicitly saying:

“These are swing-trading levels, not long-term valuation targets.”

That one sentence would have prevented most of the misunderstanding.



-----------------------------------------------------------


VisKop...the fact you can't understand what you are reading does not mean that what you are reading is obtuse. What it likely means is that you are lacking.


DB
DbDraadCaptain26,388 posts
08 May 2026, 04:51
#148
08 May 2026, 04:51#148

Wolle weet dit nie, hy's net lief vir Husky...LOL!

— END OF THREAD —

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