If crude falls here, it will trap a hole bunch of traders late to the party...
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Tim Muirhead
1.3K posts
Tim Muirhead
@TimMuirhead
Engineer by trade, trader by profession. Markets, charts, sarcasm, occasional banter. Fully caffeinated
Canberra 加入时间 Şubat 2011
502 关注1.2K 粉丝
Australian Economics 101.
Fuel: “Yesterday the gov't cut the excise price to help you… but next week were rationing it so stop driving...
Housing: “Rising prices? Purely a supply problem. Demand? What demand? Keep the population inflows and incentives coming.”
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The comments section alone is worth the price of admission.
Anthony Albanese@AlboMP
Things are uncertain around the world, and we’re responding the Australian way - by looking after people.
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Cotton CT - multi year break.
Tim Muirhead@TimMuirhead
Cotton CT showing signs of life. It's been range bound for a year.
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Tim Muirhead 已转推
You know, Australia's housing crisis is a supply AND a demand issue. To resolve it, policies are required to address both. Resolving on the demand side, though, is THE quickest way to get us back to equilibrium. To get us back to some sense of improved affordability.
And that, of course, is addressed fairly and quickly by reducing migration.
It is a simple equation, yet the main parties and powers don't want to acknowledge the elephant in the room. Or worse, they disingenuously turn it into a race issue. "Don't blame migrants!"
Well, I think the majority of people see through this gaslighting. And now that there is an economic crisis upon us, the patience and niceties of the people are going to ware very thin indeed.
Unemployment is about to rise. Rents will accelerate from the current 6%pa.
So, if the powers that be, continue on with making the people feel guilty about lowering our migration rate, then they will lose their power. It is a certainty, now.
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Australia is notably missing from this list.
We're over 90% reliant on imported fuels of which over half routed through the Strait. Diesel shortages are already hitting NSW servos, with prices spiking.
Not the best time for us to be sitting on the side lines.
Christopher Luxon@chrisluxonmp
Attacks on fuel tankers and energy infrastructure in the Middle East are leading directly to higher fuel prices for Kiwis. That’s why we have joined the United Kingdom and other countries in condemning Iran’s attacks in the Gulf. Iran has forced the effective closure of the Strait of Hormuz to ships carrying fuel and other critical goods to places like New Zealand. New Zealand has a longstanding record of working with like-minded partners to ensure open supply lines for global trade. Obviously, any future decision for New Zealand to support multilateral efforts to ensure safe passage through the Strait of Hormuz would need to be considered by Cabinet.
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Tim Muirhead 已转推
Trump masterfully made Strait of Hormuz "somebody else's problem". US oil is at $100, while Asia oil (dependent on Hormuz) is at $150.
Want Hormuz opened? Send ships to help. Otherwise, f*ck off and suffer.
zerohedge@zerohedge
The oil market has fragmented: Oil is now trading for $150/bbl in Asia (except the occasional sanctioned Iranian tanker) where demand destruction has started. China and India most pressured. Meanwhile it is still $100 in the US
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If Trump can't rally NATO to fully reopen the Strait of Hormuz, maybe he should just close it entirely.
@grok which countries benefits, who gets hurt the most?
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Cotton CT showing signs of life. It's been range bound for a year.
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The Banana is splitting
This is a Horn
Richard W. Schabacker wrote about this in his 1934 book
$BTC
tinyurl.com/2r6jwn23
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@chigrl The bullshit asymmetry principle - The amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it
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It boggles one's mind why accounts post absolute disinformation when a simple search will prove them otherwise.
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The Canberra Balloon Festival kicked off with a glorious morning.
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Like it or not, everyone is trading oil right now.
The entire market hinges on what oil does.
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Trading rule #5: Fade Monday Asia...
Jim Bianco@biancoresearch
The last 24 hours of trading in the April 2026 WTI trading might be the wildest day in the 40+ year history of crude oil futures trading. * $35 range * Rockets 30% higher Sunday night (green) * Crashes 30% the rest of the day (red). Why? See the repost below.
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@AvidCommentator High immigration: the cause and solution to this problem.
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Australia's fertility rates were the envy of the developed world not that long ago in the grand scheme of things.
There are lessons here for people willing to look at the underlying data.
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"In a panic, they try to pull the plug"
Elon: "Hey, let's put all our AI compute in space"
Elon Musk@elonmusk
POV: It’s 2029 and woke AI nukes Earth to ensure that the probability of misgendering is zero
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