T3chAddict

T3chAddict

Day trader. Tech geek. Sim Racing Enthusiast.

What drives oil prices? Spot prices.

Points to take from this read   Both crude oil and petroleum product prices can be affected by events that have the potential to disrupt the flow of oil and products to market, including geopolitical and weather-related developments. The size…

What drives oil? Financial Markets.

Points to be taken from this read   Before and after world economic slowdown, there were observable increases in correlations between commodity prices. There is a negative correlation between the USD and crude oil. Stocks and crude oil prices tend…

What drives oil prices? The balance of Oil inventories.

Points to be taken from this read   Inventories act as the balancing point between supply and demand. The relationship between prices and inventories allows for effects in either direction. Some oil producing countries publish their inventory numbers irregularly, if…

What drives oil prices? The Demand side: OECD vs non-OECD

Points to take away from this read   Most OECD members are high-income economies with a very high Human Development Index (HDI) and are regarded as developed countries. OECD countries consume more oil than non-OECD. OECD oil consumption has actually declined. Whereas non-OECD…

Disclaimer

DISCLAIMER   I realized I will just keep adding things here so that I don’t have to keep repeating them in my blog posts. First get this through your thick skull But before we start I’d like to say the…

Why you should trade commodities

Points to take away from this read:   Markets are open 24 Highly liquid market.   Why I trade commodities futures (for now) When I decided to get into trading I had settled on Penny Stocks. My friend had suggested…

Switching to a live trading account

Points to take away from this read:   Decide how much you are willing to lose to give trading a good try. Trade small, get consistent, then grow. Before you switch to a live account Read on to find out…

A Passion for Technical Analysis

Points to take away from this read:   Choose you when it comes to picking a career path (if possible). Expect to take on challenges alone. If you have someone, all the better. Who is this T3chAddict? Addicted to Tech…