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Oil and Natural Gas

  • #2,741
  • Apr 7, 2017 9:44pm Apr 7, 2017 9:44pm
Quoting skyhok
USOIL may or may not have bottomed, while the longer-term target of 53.30 is holding, further tracing out expanding ranges for trading. {image}
Wave (4) target at least 53.30 holds, before setting up for shorts near 54.30
Attached Image (click to enlarge)
Click to Enlarge Name: USOilH4 8Apr17.png Size: 63 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #2,742
  • Apr 8, 2017 3:53pm Apr 8, 2017 3:53pm
Attached Image (click to enlarge)
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before the syrian strike I expected price to go down a bit but now I am wondering how high it will go. Based on my chart it looks like we have some very bullish days/weeks coming up.
  • #2,743
  • Apr 11, 2017 1:01am Apr 11, 2017 1:01am
Quoting skyhok
{quote} Wave (4) target at least 53.30 holds, before setting up for shorts near 54.30 {image}
good chart , need it boost for our own interest but doubt as it not corrected towards 44 /37 areas before the target / so time wasting in top extensions . 56.75 breaks will be critical for for next signals 57.4 & 58.49 tops for targets 61/64 /69.61next.ok corrections to 52/50/49 before nearest target .Take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #2,744
  • Edited 8:52pm Apr 12, 2017 8:14pm | Edited 8:52pm
Wave (4) projected target (at least 53.30) reached, expecting minor retrace and push-up, before selling on an expanding range (5).
Attached Image (click to enlarge)
Click to Enlarge Name: USOIL 13Apr17.png Size: 100 KB


Synchronizing with 16Mar17 projection:
https://i.gyazo.com/96dfa2d8dd740b7d...6d6c29d982.png
Elliott Wave for optimum entry, exit and risk management of trades
  • #2,745
  • Apr 13, 2017 10:27am Apr 13, 2017 10:27am
Quoting skyhok
Wave (4) projected target (at least 53.30) reached, expecting minor retrace and push-up, before selling on an expanding range (5). {image} Synchronizing with 16Mar17 projection: https://i.gyazo.com/96dfa2d8dd740b7d...6d6c29d982.png
Thanks skyhook, do you think ng will follow it? ng singing it's own song but with this inventory ... I think it will follow.
  • #2,746
  • Apr 13, 2017 11:10am Apr 13, 2017 11:10am
Quoting medvic
{quote} Thanks skyhook, do you think ng will follow it? ng singing it's own song but with this inventory ... I think it will follow.
Looking at wave structure on NGas Daily, it's been forming an impulse wave (c) since March 2016 low.
Recent 5th April high could well be the 1st wave of 5 blue - thus setting up on Fib retracement for resuming trend on wave 3 ............ sometime next month, though.
Attached Image (click to enlarge)
Click to Enlarge Name: NGAS 13Apr17.png Size: 46 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #2,747
  • Apr 13, 2017 1:24pm Apr 13, 2017 1:24pm
Quoting skyhok
{quote} Looking at wave structure on NGas Daily, it's been forming an impulse wave (c) since March 2016 low. Recent 5th April high could well be the 1st wave of 5 blue - thus setting up on Fib retracement for resuming trend on wave 3 ............ sometime next month, though. {image}
Thank you for holding my hand ... (( :
  • #2,748
  • Apr 16, 2017 9:50pm Apr 16, 2017 9:50pm
WTI CRUDE testing H&S neck line on the hourly
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Pride always comes before destruction.... -Proverbs 16:18
  • #2,749
  • Apr 20, 2017 9:46pm Apr 20, 2017 9:46pm
Quoting skyhok
Wave (4) projected target (at least 53.30) reached, expecting minor retrace and push-up, before selling on an expanding range (5). {image} Synchronizing with 16Mar17 projection: https://i.gyazo.com/96dfa2d8dd740b7d...6d6c29d982.png
A push-up towards at least 54.30 before the sell off ?
Attached Image (click to enlarge)
Click to Enlarge Name: USOIL 21Apr17.png Size: 106 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #2,750
  • Apr 24, 2017 2:10pm Apr 24, 2017 2:10pm
Quoting skyhok
{quote} A push-up towards at least 54.30 before the sell off ? {image}
If the current level roughly holds, I think it should... Don't like the lower low of today though.
k
  • #2,751
  • Apr 24, 2017 3:35pm Apr 24, 2017 3:35pm
Quoting kprsa
{quote} If the current level roughly holds, I think it should... Don't like the lower low of today though. k
I think.skyhok has probally 're calculated since Friday early morning.... we did have a bit fall Friday afternoon.
  • #2,752
  • Apr 25, 2017 2:32am Apr 25, 2017 2:32am
From a note on Reuters:

"JPMorgan said in its latest weekly market note to clients that "it is evident that... crude markets are still struggling to clear (oversupply)."
The bank said that it was closing its "August Brent long position at a loss.""

Whilst nobody trusts a bank, they must have some conviction to get out at a loss (provided it is not fake news).
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,753
  • Apr 25, 2017 3:15am Apr 25, 2017 3:15am
Quoting Exodus
From a note on Reuters: "JPMorgan said in its latest weekly market note to clients that "it is evident that... crude markets are still struggling to clear (oversupply)." The bank said that it was closing its "August Brent long position at a loss."" Whilst nobody trusts a bank, they must have some conviction to get out at a loss (provided it is not fake news).
I think they are buying, the bulk of volume is at the day minima. I haven't seen a very good distribution going on before, so I do think they go to 54.xx to distribute. However these guys have deep pockets and can let the price go down another 2-3 dollars. I can't.
k

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  • #2,754
  • Apr 25, 2017 3:48am Apr 25, 2017 3:48am
Quoting Exodus
From a note on Reuters: "JPMorgan said in its latest weekly market note to clients that "it is evident that... crude markets are still struggling to clear (oversupply)." The bank said that it was closing its "August Brent long position at a loss."" Whilst nobody trusts a bank, they must have some conviction to get out at a loss (provided it is not fake news).
The Saudis / OPEC said a week ago, that the oil market is near balance again.

Another article a week prior said that although reserves in well watched places like USA were not be eroded as fast as people had hoped, there was a large reduction of the oil in place 'not watched so much' such as offshore and far east reserves.

I don't know what to think, you get a different info every other week in this bipolar market.
  • #2,755
  • Apr 25, 2017 7:52am Apr 25, 2017 7:52am
Quoting verv
{quote} The Saudis / OPEC said a week ago, that the oil market is near balance again. Another article a week prior said that although reserves in well watched places like USA were not be eroded as fast as people had hoped, there was a large reduction of the oil in place 'not watched so much' such as offshore and far east reserves. I don't know what to think, you get a different info every other week in this bipolar market.
So true news is bullshit and manipulated only trust your gut
  • #2,756
  • May 3, 2017 4:13am May 3, 2017 4:13am
Quoting skyhok
{quote} A push-up towards at least 54.30 before the sell off ? {image}
small push circa 51.5xx ?
  • #2,757
  • May 3, 2017 11:38am May 3, 2017 11:38am
Quoting nutts
{quote} small push circa 51.5xx ?
USOIL moving fast - looking for a bottom on the H4 TF near 45.70 before setting for longs.
Watching AUD & CAD correlations.
Attached Image (click to enlarge)
Click to Enlarge Name: USOIL 4May17.png Size: 94 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #2,758
  • Edited 3:45am May 5, 2017 3:33am | Edited 3:45am
Oil update:
Looking for new high on this H4 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: USOIL 5May17.png Size: 91 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #2,759
  • May 5, 2017 4:37am May 5, 2017 4:37am
Quoting skyhok
Oil update: Looking for new high on this H4 chart. {image}
great call on previous chart , entry looking good. Most other indicators are on the turn aswell.
A close in this current area 45.50 and above can only add to the direction.
As always thanks for sharing your charts/thougths
  • #2,760
  • May 5, 2017 9:19am May 5, 2017 9:19am
Quoting skyhok
Oil update: Looking for new high on this H4 chart. {image}
wow ...

I had mixed feelings and decided not to go long around 45.30. Too bad....
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