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Oil and Natural Gas

  • #3,001
  • Oct 5, 2017 2:37pm Oct 5, 2017 2:37pm
Quoting kprsa
{quote} If the top continues to hold, I expect skyhok's scenario above and price proceeding down to the point he labelled 4c (blue). Cheers, k
I think this was the first pullback upon going down. I added more to my short position. Updated estimates of swing bottom are given.
k

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  • #3,002
  • Oct 6, 2017 5:51am Oct 6, 2017 5:51am
Crude oil may likely to fall further today. So much bearish
  • #3,003
  • Oct 6, 2017 2:00pm Oct 6, 2017 2:00pm
Up before UN meeting down after. Same old same old..
  • #3,004
  • Oct 6, 2017 2:03pm Oct 6, 2017 2:03pm
NG kicking my ass... ) :
  • #3,005
  • Oct 8, 2017 7:36pm Oct 8, 2017 7:36pm
middle east problem...may cause jump oil 5-6 usd up. before every unwaited TA actions they always kick both buyers and sellers till most of them promise not to trade till it is clear.
  • #3,006
  • Edited 8:55am Oct 10, 2017 7:01am | Edited 8:55am
Quoting kprsa
{quote} I think this was the first pullback upon going down. I added more to my short position. Updated estimates of swing bottom are given. k {image}
Potential sell opportunity of the second push down is now imho. It shouldn't make any more highs.
k

edit: widened the sl, it would have been a loss otherwise. it is difficult to guess intermediate tops/bottoms. :/
edit2: s/o
  • #3,007
  • Oct 10, 2017 7:09am Oct 10, 2017 7:09am
Quoting kprsa
{quote} Potential sell opportunity of the second push down is now imho. It shouldn't make any more highs. k
Sell confirmation.
https://www.forexfactory.com/news.php?do=news&id=706025

k
  • #3,008
  • Oct 10, 2017 8:32am Oct 10, 2017 8:32am
still looking like wil try 62 usd around...before any shake or not not sure. when the subject is oil better not to get position to death.
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  • #3,009
  • Oct 11, 2017 2:19am Oct 11, 2017 2:19am
Quoting kprsa
{quote} If the top continues to hold, I expect skyhok's scenario above and price proceeding down to the point he labelled 4c (blue). Cheers, k
The top for oil may be retested (and would probably hold, as far as I can predict).
k
  • #3,010
  • Oct 12, 2017 7:07am Oct 12, 2017 7:07am
USOIL (H4 time frame) is still in the middle of a multi-months complex expanding diagonal C red since January 2017 top.
While the near-term downside potential is towards 45.00 in completing wave 4 of a minor expanding diagonal wave c yellow.
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  • #3,011
  • Oct 13, 2017 3:49am Oct 13, 2017 3:49am
Hi, traders brother
I would like to share my opinion about oil here

As China economy had slowed down and OPEC prolonged their production cut, the major demand of oil just depend on US consumption. US economy is still healthy now shown by Transportation sector XTN is leading and Energy sector XLE is improving:
http://stockcharts.com/freecharts/rrg/…
By technical approach, the oil/gold ratio and oil/CRB index ratio also broken the down trend from Jan 2017, price is correcting nearly the MA (50) & MA (200), the RSI (14) is above and retesting 50 level.
All of these things are supporting for oil and now is the good time for us to go long oil at price 51, target at 55 stop loss at 50.
http://stockcharts.com/h-sc/ui?s=%24...97&a=550085484
  • #3,012
  • Oct 16, 2017 2:57am Oct 16, 2017 2:57am
I think to open a short soon, around 52.20$ mainly because thats a resistance area and secondly I feel oil is a bit expensive with target, mm maybe 50$
  • #3,013
  • Oct 16, 2017 3:00am Oct 16, 2017 3:00am
Today's hot off the wires 'opinion'

Kurdistan has declared, or wants to declare, independence from Iraq.
Iraq is not happy about this and has sent an army (they have an army !! ? ) to state their disagreement.
A lot of oil production is in the Kurdistan region.
Iraq produces 500k bpd and that production is now seen as being under threat.

...therefore the price of oil is going up this week
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #3,014
  • Oct 16, 2017 3:01am Oct 16, 2017 3:01am
Quoting kprsa
{quote} The top for oil may be retested (and would probably hold, as far as I can predict). k
I think this was all the bulls can do.
k
  • #3,015
  • Oct 16, 2017 3:41am Oct 16, 2017 3:41am
Quoting Exodus
Today's hot off the wires 'opinion' Kurdistan has declared, or wants to declare, independence from Iraq. Iraq is not happy about this and has sent an army (they have an army !! ? ) to state their disagreement. A lot of oil production is in the Kurdistan region. Iraq produces 500k bpd and that production is now seen as being under threat. ...therefore the price of oil is going up this week
Ok, I didnt know that, I can move my entry point up to 53.50$ but I still think short side has more potential currently
  • #3,016
  • Oct 16, 2017 5:40am Oct 16, 2017 5:40am
Quoting atom3
{quote} Ok, I didnt know that, I can move my entry point up to 53.50$ but I still think short side has more potential currently
Of course, it is your call after all. I was just repeating this morning's view of pricing from an analyst on the Radio.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #3,017
  • Oct 16, 2017 7:04am Oct 16, 2017 7:04am
Quoting kprsa
{quote} The top for oil may be retested (and would probably hold, as far as I can predict). k
Broken through my (sub-)swing top estimate. Bears, if any, should be careful. The top might not hold.
k
  • #3,018
  • Oct 16, 2017 10:06am Oct 16, 2017 10:06am
Quoting kprsa
{quote} The top might not hold. k
OK, so far, so good.
The price might possibly approach the top once again but should be more inclined to drop from now on.
k
  • #3,019
  • Oct 16, 2017 10:30am Oct 16, 2017 10:30am
Good thing that I sold at 52.50 after all, but half of what I was planing before you told me about that Iraq thing
  • #3,020
  • Oct 16, 2017 10:49am Oct 16, 2017 10:49am
Interesting OIL downside potential.
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