Direxion Daily S&P Oil & Gas Exp & Prod Bear 2X Shares (DRIP) Quote

Time to rocket?

19.85

long 24.23

Russia considers accepting Bitcoin for oil and gas
https://bbc.com/news/business-60870100 $DRIP

DRIP ?? drip is working for a change getting some leakage finally in @ $14.20

Looks like they had to R/S this again.
Will it survive a blowoff?
Should be shorting markets this area of resistance. Wait for confirmation before you hit it too hard. Probably the 15th.

sweet move today

OIL DOWN $12 AND DRIP UP ONLY $0.04.... BROKEN ETF AWAITING REVERSE SPLIT!!!!

For now $120 to $130 is price with US banning purchases Russian CRUDE.

The top? Recent high $130.50

We need good news. U.S. reopen Keystone. Venezuela increasing supplies. Iranian nuclear resolution.

$150 is possible. I would shoot for $140.00 as top. That is when you start to leverage in DRIP and NRGD. Look for the first leg down to $90.00

Some heavy coin will be made here when CRUDE rolls over. Also NRGD.

Don't know if a reversal in CRUDE will save DRIP from a reverse split.

OUT $2.89, TRADE DRIP'S SHORT TERM VOLATILITY!!!!

BACK IN DRIP @ $2.59

Yes, but I think, not sure, the bulk already started working remotely during the pandemic and stayed working remotely until now.

OIL EDGING UP... BIG DECISION TOMORROW ON BLOCKING RUSSIAN IMPORTS!

SOLD $3.00 ... FOR A QUICK FLIP

BOUGHT AT $2.75

DRIP $2.6801 -0.2099 (-7.26%) REVERSE SPLIT IMMINENT? AT THIS RATE IT WILL BE WORTHLESS!!!!

ITS TRICKY TO TIME A DRIP ENTRY POINT IN CORRELATION WITH OIL PRICES WHILE AT THE SAME TIME THE ETF ITSELF IS DROPPING INTO REVERSE SPLIT TERRITORY.

IF DAILY TRAVEL BECOMES TOO EXPENSIVE FOR EMPLOYEES THOSE WHO CAN WORK REMOTELY WILL ASK TO DO SO.

$5-$10 GAS WILL KILL DEMAND! SIMPLE ECONOMICS.

Right I was thinking about the lockdowns, I figured that was like a once in a century occurrence which caused remote work and hardly any flights. I dont see that happening again or cant think of another time when oil would not be used.

OR better yet NRGD

Will Putin stop until Ukraine surrenders? I don't think so. This conflict will by approx March 20th. IMO

THIS IS AN EASY QUESTION TO ANSWER..... THE INSTANT THE RAGING WAR IN UKRAINE STOPS OR PUTIN SIGNALS HIS INTENTIONS TO STOP IT OIL WILL REVERSE HARD!

YOU WANT TO OWN DRIP WHEN THIS HAPPENS.

WHEN IT COSTS MORE TO USE OIL THAN CAN BE MADE USING IT DEMAND COLLAPSES.

I.E. AIRLINES WILL GROUND FLIGHTS IF OPERATING COSTS EXCEED REVENUE.

EMPLOYEES WHO CAN WORK REMOTELY WILL GO BACK TO WORKING FROM HOME LIKE DURING COVID-19. REMEMBER HOW OIL COLLAPSED IN 2020 DURING THE LOCKDOWN?

EXTRA HIGH OIL PRICES WILL FORCE ECONOMIC LOCKDOWNS!

How does demand collapse? Are there certain sectors in the market that can do without oil thereby decreasing demand?

In one week, one month, one year?

WHEN OIL UTLIMATLEY COLLAPSES.

PREVIOUS DRIP HIGH OVER MULTIPLE YEARS IS IRRELEVANT DUE TO CONTANGO, HOWEVER, THERE IS A GREAT OPPORTUNITY FOR 5-10 BAGGAR GAIN WHEN OIL UTLIMATLEY COLLAPSES.

THE HISTORICAL CHART OF CRUDE SPIKES SHOWS THEY QUICKLY REVERSE INTO A SEVERE CORRECTION.

ECONOMICS CAN NOT SUPPORT ABNORMALLY HIGH OIL PRICES FOR AN EXTENDED DURATION SINCE DEMAND COLLAPSES.

Western sanctions have sent the ruble into a nosedive, with the currency tumbling 30% overnight to an all-time low versus the dollar. In response, Russia's central bank more than doubled its key interest rate to 20%, freed local bank reserves to boost liquidity and ordered exporters to sell 80% of their hard currency revenues. In a bid to shield the nation's assets, brokers were also banned from handling sales of securities by non-residents, while Russian oligarchs were put on watch by many Western nations.

All the uncertainty has led to renewed risk-off sentiment, with U.S. stock index futures falling as much as 3% after major comeback sessions last week. Concerns over energy disruptions sent crude oil futures in the opposite direction, with the contracts climbing 4% to $95/bbl. Risk aversion was also seen elsewhere, as gold futures rose 1.2% to about $1,910 a troy ounce, the dollar index advanced 0.8% to 97.368 and the yield on the benchmark 10-year U.S. Treasury note fell 7 bps to 1.91%.

"A bank run has already started in Russia over the weekend... and inflation will immediately spike massively, and the Russian banking system is likely to be in trouble," declared Jeffrey Halley, senior market analyst at OANDA. "These sanctions from the West are likely to eventually hurt trade flows out of Russia [around 80% of FX transactions handled by Russian financial institutions are denominated in USD], which will also hurt the growth outlook of Russia's key trading partners including Europe and lead to greater inflationary pressures and risk of stagflation, we think," added analysts at Nomura.

Iranian crude exports rise above 1 million bpd - trackers
Nuclear talks resumed this week

Rueters

China takes the bulk of Iran's exported crude

LONDON, Feb 10 (Reuters) - Iranian oil exports have risen to more than 1 million barrels per day for the first time in almost three years, based on estimates from companies that track the flows, reflecting increased shipments to China.

You want to be back in 2 weeks from now. IMO

When I plow into DRIP and NRGD in two weeks, fireworks baby, fireworks!!!

All-time high $1,000

Are you ready for a blowoff top in CRUDE?? This takes place as soon as we hear that Putin will back away from Ukraine.

SCO
OILD
DRIP

wooo gonna pull the 'blue' dragon out,gas gonna to 1 dollar

rippn

yay,

its time..
https://www.washingtonpost.com/us-policy/2021/11/23/white-house-strategic-petroleum-reserve/


i would say 'they' know the top of the market

lets run it

got march 9 dollar calls .33 and 34s

Out at $5.60s

Bought the $4.93 pullback for a day trade flip

Drip drip out at $5.48 can’t be greedy

Started a drip position in $4.40s

Time to start dipping in drip.

Oil cant go much higher it will smother the economy. They need a crash here soon.

Bought some calls as a hedge...cheap asf only 6 cents. I dont like the treasury rates.

If i am wrong hey its only $600 but i think a major correction is at hand.

Smoked out here.. oil&gas top sector 2021 ouch, gl...