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Oil and Natural Gas

  • #3,121
  • Edited Nov 30, 2017 12:16am Nov 29, 2017 11:48pm | Edited Nov 30, 2017 12:16am
somehow trying reach break 69.61 having risks of falling down to 53/50 any times before & after also , anyway well done & should do bull good for next 2 years +.Take care ,fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #3,122
  • Dec 1, 2017 1:59am Dec 1, 2017 1:59am
since last 7 trading sessions crude seems o be trying so hard to break 57 but to no avail..
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  • #3,123
  • Dec 4, 2017 3:54am Dec 4, 2017 3:54am
Quoting kprsa
{quote} options as far as I can see them. {image} edit: s/o with my trade, waiting for another bounce.
Bought WTICOUSD since we're at support (57.562) now. Aiming 60.
k
  • #3,124
  • Dec 4, 2017 6:54am Dec 4, 2017 6:54am
Quoting kprsa
{quote} Bought WTICOUSD since we're at support (57.562) now. Aiming 60. k
Looks like it may drag on (in my view: accumulate below support) a bit more. I'm still waiting for an upswing followed by a clean bounce up from this support.

k
  • #3,125
  • Dec 4, 2017 12:55pm Dec 4, 2017 12:55pm
Quoting kprsa
{quote} Bought WTICOUSD since we're at support (57.562) now. Aiming 60. k
Buying currently looks like, well not ideal because look:
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Thats a clear double top on 1 and 4h charts. I don't want to say selling right now at the buy support is recommended either. But while we were at 58+$ was a good idea, I didn't sold anything tho because I have large longs placed on Silver and don't want to expose my account any further before I close those...
  • #3,126
  • Dec 4, 2017 1:52pm Dec 4, 2017 1:52pm
How I see it (both directions are possible, I still think up is more likely at the moment):

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  • #3,127
  • Dec 4, 2017 5:10pm Dec 4, 2017 5:10pm
still waiting for more clear understanding of what is going on
  • #3,128
  • Dec 5, 2017 1:37pm Dec 5, 2017 1:37pm
Quoting kprsa
How I see it (both directions are possible, I still think up is more likely at the moment): {image}
I agree with you. Currently price is held up by the 57.00 level. But Iwould give 60% for North to 59.00 area and 40% for South.

To avoide missing those good moves... I use channels 20....50....100....200. These give powerful gravity areas for easy profit entries
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  • #3,129
  • Dec 8, 2017 4:51am Dec 8, 2017 4:51am
Sold at resistance, expecting a lower low before real upthrust to 60.
  • #3,130
  • Dec 10, 2017 8:46pm Dec 10, 2017 8:46pm
Oil Daily
An impulse wave C up from February 2016 low, with a very complex wave 4 blue alternating with simple 2, also, the full extent of downside potential towards 35.30
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Elliott Wave for optimum entry, exit and risk management of trades
  • #3,131
  • Dec 11, 2017 7:11am Dec 11, 2017 7:11am
Quoting skyhok
Oil Daily An impulse wave C up from February 2016 low, with a very complex wave 4 blue alternating with simple 2, also, the full extent of downside potential towards 35.30 {image}

I share a similar view regarding the push down. My downside long-term support/target is 36, which very much agrees with your number.
Cheers,
k
  • #3,132
  • Dec 12, 2017 4:25am Dec 12, 2017 4:25am
Short tp57
  • #3,133
  • Dec 13, 2017 9:47am Dec 13, 2017 9:47am
NGAS Daily upside potential
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Elliott Wave for optimum entry, exit and risk management of trades
  • #3,134
  • Dec 13, 2017 11:29am Dec 13, 2017 11:29am
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  • #3,135
  • Dec 14, 2017 7:26pm Dec 14, 2017 7:26pm
short tp 55.50
  • #3,136
  • Dec 26, 2017 11:43am Dec 26, 2017 11:43am
Quoting kprsa
{quote} Bought WTICOUSD since we're at support (57.562) now. Aiming 60. k
I will be looking to sell oil from now on, as soon as the opportunity presents itself.
Best of luck to everyone in 2018,
k
  • #3,137
  • Dec 28, 2017 8:23am Dec 28, 2017 8:23am
I agree with kprsa that Crude Oil is topping.

Sixer
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  • #3,138
  • Dec 28, 2017 9:26am Dec 28, 2017 9:26am
I trade brent...now 66.28...target still 69.XX...70.17 .will try short over there not before..weekly 244 Ema and dbl top 03.05.2015 W High.
  • #3,139
  • Dec 29, 2017 11:40pm Dec 29, 2017 11:40pm
2018 oil bets. This Friday we broke $60 mark for US Oil futures. My guess is the trend is up for 2018. Looking for new highs in 2018 Probably see and test $70 some time in 2018
  • #3,140
  • Jan 3, 2018 2:18am Jan 3, 2018 2:18am
NYMEX Crude Oil-Mar18 projection
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