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Oil and Natural Gas

  • #3,081
  • Nov 8, 2017 2:56am Nov 8, 2017 2:56am
Some insight on Saudi Arabia's public debt and OPEC pact http://brokerarena.com/education/fun...-saudi-arabia/
  • #3,082
  • Nov 12, 2017 7:58am Nov 12, 2017 7:58am
Quoting kprsa
{quote} Next resistance above current price I find is 57.562 in the Oanda notation (WTICOUSD on tradingview).
Weekend analysis: The most likely future path of oil along with the current s/r lines imho. The top should be at about 60 dollars, and after this, a very prolonged fall.
If it so happens, downward bounces from s/r levels should give good entry trades. If it manages to find support on the 59.946, I’ll broadcast the upper levels.
I am currently flat, but will be trading the bounces from the next resistance 57.562 in any direction.
Cheers,
k

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  • #3,083
  • Nov 12, 2017 11:27am Nov 12, 2017 11:27am
Quoting kprsa
{quote} . Next resistance above current price I find is 57.562 in the Oanda notation (WTICOUSD on tradingview).
KPRSA

on the Envelopes chart 57,562 is righy on the Upper Limit of the Envelope 256 Time Unit
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  • #3,084
  • Nov 12, 2017 12:14pm Nov 12, 2017 12:14pm
Quoting parisboy
{quote} KPRSA on the Envelopes chart 57,562 is righy on the Upper Limit of the Envelope 256 Time Unit {image}

Note that on the Square of nine wheel, the bottom of June 21., 2017. price=41.822 corresponds to 418 (one scales the numbers to fit between 100 and 1000), 360 degrees away from it is 504 (we crossed the price 50.4), 2*360 degrees away is 598, corresponding to 59.8 dollars.

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My “projected top” is 59.946, which is very close to this result. My calculations of s/r lines are based on confluence of “proper Fibonacci“ extensions from previous swings. It has nothing to do with Sq. of 9. However, the sq. of 9 somehow manages to obtain levels suspiciously close to mine, also for several previous swings... And as I mentioned before, the sq. of 9 cannot possibly work.


Cheers,
k
  • #3,085
  • Nov 12, 2017 12:32pm Nov 12, 2017 12:32pm
KPRSA originally the Square of Nine was used as an approximative Square Root Calculator

we do not need anymore to use it this way

a) Gann made an equivalence between

365 days of the year
360 ° of the circle
and 361 numbers of the Square of Nine up to the 19 th spiral

so you have to use it modulo 361

this gives you the relationship between Top and Bottom and their respective "Angles"

b) I use it with the "octave" I calculate for a specific financial instrument or a sub harmonic

for WTI you can try with the Envelope parameters : 0,625 / 0,3125 / 0,15625
  • #3,086
  • Nov 12, 2017 1:01pm Nov 12, 2017 1:01pm
KPRSA

Let assume that on January 2nd 1983 WTI price is 30,86 - could be slightly different it is just a graphical estimation

let'say that WTI fluctuates within the "Fractal of Price" 0-50

Octave / Vibration is 50 / 8 = 6,25

let's divide this Octave by 8 = 6,25 / 0,78125

let's use this result = 0,78125 as the increment for the WTI Square of Nine, with 30,86 as the Start Number

we notice that 58,985 is on the 315 ° Angle (or - 45°) and that 61,329 is on the Zero degree Angle
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Attached Image
  • #3,087
  • Nov 12, 2017 1:14pm Nov 12, 2017 1:14pm
Quoting parisboy
KPRSA Let assume that on January 2nd 1983 WTI price is 30,86 - could be slightly different it is just a graphical estimation let'say that WTI fluctuates within the "Fractal of Price" 0-50 Octave / Vibration is 50 / 8 = 6,25 let's divide this Octave by 8 = 6,25 / 0,78125 let's use this result = 0,78125 as the increment for the WTI Square of Nine, with 30,86 as the Start Number we notice that 58,985 is on the 315 ° Angle (or - 45°) and that 61,329 is on the Zero degree Angle {image} {image}
Very interesting, thanks.
I need to process this a bit better.
Cheers,
k
  • #3,088
  • Nov 12, 2017 1:19pm Nov 12, 2017 1:19pm
kprsa?

to apply this process you just need to have the exact price value for a significant Start Low or Top and then to check the positions of the following Lows and tops on the relevant Square of Nine to see if we get something of interest
  • #3,089
  • Nov 12, 2017 1:23pm Nov 12, 2017 1:23pm
Attached Image (click to enlarge)
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  • #3,090
  • Nov 12, 2017 1:39pm Nov 12, 2017 1:39pm
Quoting parisboy
kprsa? to apply this process you just need to have the exact price value for a significant Start Low or Top and then to check the positions of the following Lows and tops on the relevant Square of Nine to see if we get something of interest
Can you try placing 41.882 as the start price into your spreadsheet?
(Also, how do you decide about the “fractal of price” value? This determines the step size, and if one makes a different choice, one will end up with a different result.)
Cheers,
k
  • #3,091
  • Nov 12, 2017 2:09pm Nov 12, 2017 2:09pm
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  • #3,092
  • Nov 13, 2017 3:00am Nov 13, 2017 3:00am
Quoting kprsa
{quote} Can you try placing 41.882 as the start price into your spreadsheet? (Also, how do you decide about the “fractal of price” value? This determines the step size, and if one makes a different choice, one will end up with a different result.) Cheers, k
KPRSA I will go in more details on my thread because it is a key point

to make a long story short here you have 2 possibilities :

A) Up to recently WTI Price Action fluctuated within the " Fractal of Price" (Range) 0-50

then its Octave / Vibration = 50 / 8 = 6,25

sub-harmonics are 3,125 / 1,5625 / 0,78125 / 0,390625 / 0,1953125 etc

in that case I divided once again the Vibration by 8 which gives 6,25 / 8 = 0,78125

anyway according to your needs you can test the other sub-harmonics and check what is the most adapted (having the most Tops and Bottoms on the 0 / 45 / 90 / 135 / 180 ° lines)

as soon as you have determined the "correct" Vibration the Vibration stays very stable

B) as WTI Price is now above 50 you can prefer to use the "Fractal of Price " 0-62,5

then the Octave / Vibration is 62,5 / 8 = 7,8125

sub-harmonics are 3,90625 , 1,953125 etc
  • #3,093
  • Nov 13, 2017 12:28pm Nov 13, 2017 12:28pm
PA on daily chart kind of looks like Crude is preparing for another jump but my last several trades on Oil weren't the most profitable so I am reluctant to enter a trade right now. But if we do reach 60$ being such a major resistance I will be looking for some big shorts. On the other side is 53$ zone for longs.
  • #3,094
  • Nov 13, 2017 1:25pm Nov 13, 2017 1:25pm
[quote=atom3;10489037]PA on daily chart kind of looks like Crude is preparing for another jump but my last several trades on Oil weren't the most profitable so I am reluctant to enter a trade right now.

But if we do reach 60$ being such a major resistance I will be looking for some big shorts.

!

Look where 53$ and 60$ are on the Square of Nine
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  • #3,095
  • Edited 2:01pm Nov 13, 2017 1:31pm | Edited 2:01pm
[quote=parisboy;10489164]
Quoting atom3
PA on daily chart kind of looks like Crude is preparing for another jump but my last several trades on Oil weren't the most profitable so I am reluctant to enter a trade right now. But if we do reach 60$ being such a major resistance I will be looking for some big shorts. ! Look where 53$ and 60$ are on the Square of Nine {image}
Sorry, I have never seen this square and I don't know what's the logic behind it. If you briefly explain it to me, maybe I can say something about it.
  • #3,096
  • Nov 15, 2017 10:11pm Nov 15, 2017 10:11pm
I think we head back up from here again
  • #3,097
  • Nov 16, 2017 3:20am Nov 16, 2017 3:20am
How I see it currently:
So far it's going up after bouncing from support at 54.75 (where I bought aiming at the 57.562 resistance). I suspect that if the price breaks below the green pitchfork, the support will also break. The big fight between the bulls (symbolized by the green pitchfork) and the bears (red pitchfork) would most likely occur later today, at the close of London session.
Cheers,
k

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  • #3,098
  • Nov 16, 2017 4:19am Nov 16, 2017 4:19am
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  • #3,099
  • Nov 17, 2017 4:48pm Nov 17, 2017 4:48pm
My current view on oil. So far looks very bullish , bears look overcome for the moment. The price will most likely break the resistance at 57.562 which should then turn into support. I intend to buy any bounces upward from it next week aiming at 59.946. I'll keep my eyes on the chart for the test of 57.562 particularly next Thursday late NY session.

Cheers,
k

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  • #3,100
  • Nov 17, 2017 6:03pm Nov 17, 2017 6:03pm
WTI 5 Days / 5 minutes
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