The Survival Podcast Forum

Finance and Economics => The Money Board => Economic News, the Global Economy and all Things Monetary => Topic started by: barnesglobal on December 09, 2008, 09:57:48 AM

Title: How to watch the oil markets the way the people in the industry watch it
Post by: barnesglobal on December 09, 2008, 09:57:48 AM
As with all forecasts, one should be aware that what ever is predicted, it is wrong.  Watching the near term spot prices can be extremely deceptive.  For a longer perspective, you should watch the future market.  Many in the industry watch links like http://quotes.ino.com/exchanges/?r=NYMEX_CL (http://quotes.ino.com/exchanges/?r=NYMEX_CL).  If someone can explain how to upload a graph, I will give an example.

Barnesglobal
Title: Re: How to watch the oil markets the way the people in the industry watch it
Post by: barnesglobal on December 09, 2008, 10:08:36 AM
The real value of this is that this the expectation of the institutional markets.  Sometimes this is referred to as the "smart money".