Sweet, sweet Oil | Page 22 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: Sweet, sweet Oil
Exit Attachments

Sweet, sweet Oil

  • #421
  • Mar 6, 2018 4:05pm Mar 6, 2018 4:05pm
WTI on daily - Possible 5th wave on daily, with still more space to 4th wave re-test. On long term outlook seems we already confirmed that retracement last leg, but fundamentals are pointing towards that level once again (at least for now since there are still no reactions on catalysts). Over priced oil, many may agree, still bullish bias is still around. Will stay as observer this time and wait more suitable opportunities to enter. Watch 60 as next support and 63.87 still valid resistance as historical pivot point and last resistance level. ''Crude oil settling into $50-$65/bbl 'fairway,'' BP CEO Dudley says - still remains to see as we're definitely more dependable on demand in economic co-relations. On bigger moves will re-post and most probably place some trades. Stay tuned!
Attached Image (click to enlarge)
Click to Enlarge Name: wti-analysys.png Size: 134 KB
  • #422
  • Edited 11:44am Mar 12, 2018 10:21am | Edited 11:44am
Quoting Ivan0501
WTI on daily - Possible 5th wave on daily, with still more space to 4th wave re-test. On long term outlook seems we already confirmed that retracement last leg, but fundamentals are pointing towards that level once again (at least for now since there are still no reactions on catalysts). Over priced oil, many may agree, still bullish bias is still around. Will stay as observer this time and wait more suitable opportunities to enter. Watch 60 as next support and 63.87 still valid resistance as historical pivot point and last resistance level. ''Crude...
The same as saying that price closed below the cloud is time to go short.?
Attached Image (click to enlarge)
Click to Enlarge Name: 29.png Size: 81 KB
  • #423
  • Mar 12, 2018 9:00pm Mar 12, 2018 9:00pm
Quoting Pedroall
{quote} The same as saying that price closed below the cloud is time to go short.? {image}
sell
Attached Image (click to enlarge)
Click to Enlarge Name: 58.png Size: 68 KB
  • #424
  • Nov 24, 2018 9:22am Nov 24, 2018 9:22am
Guys (and girls) :-) - whatch our the UsOil bottoming soon! Do not miss spot Oil opportunities. I remember those fruitful days when oil hit 27$ - it was long long long 12 months! Monitor the price next 2 weeks!
  • #425
  • Nov 24, 2018 9:45am Nov 24, 2018 9:45am
Some things to keep in mind is November, December, January, and February, oil is seasonally weak. Also while opec talk of more production cuts, USA has become the global leader in oil production thanks to shale. I think we will see more weakness until the fundamentals change or there is a political event that puts pressure on production.
Attached Image (click to enlarge)
Click to Enlarge Name: FUTURE_CL1.PNG Size: 25 KB
  • #426
  • Nov 24, 2018 10:10am Nov 24, 2018 10:10am
It’s a commodity! I’m not shorting bellow 50$. It might get more downfall but expect spikes.
  • #427
  • Nov 24, 2018 11:36am Nov 24, 2018 11:36am
On what basis do you expect spikes?
  • #428
  • Nov 24, 2018 1:01pm Nov 24, 2018 1:01pm
Oil traded between 40 and 60...just my openion..
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -299
  • #429
  • Nov 25, 2018 1:45am Nov 25, 2018 1:45am
Quoting EcoTrader
On what basis do you expect spikes?
Seven weeks of falling?
  • #430
  • Nov 25, 2018 3:48am Nov 25, 2018 3:48am
Quoting michaelpelly
{quote} Seven weeks of falling?
It has fallen for 28 consecutive weeks in the past - just saying.
  • #431
  • Nov 25, 2018 6:08am Nov 25, 2018 6:08am
Question

Why is price falling like this
  • #432
  • Nov 25, 2018 6:38am Nov 25, 2018 6:38am
Point is if you don't know why it has dropped like this
How do you know if what has caused it has changed
  • #433
  • Nov 25, 2018 8:14am Nov 25, 2018 8:14am
Question is - what do you think is the price where it possibly might go? And if it goes any lower - how much time it will stay there? Forever? Or 3-4 weeks before bumping back to 65-70...
  • #434
  • Nov 25, 2018 8:15am Nov 25, 2018 8:15am
Quoting EcoTrader
{quote} It has fallen for 28 consecutive weeks in the past - just saying.
When it was way above 120$ and world consumption is no joke right now. Price might range violently with 25-30$ difference in a matter of weeks.
  • #435
  • Nov 25, 2018 8:57am Nov 25, 2018 8:57am
The fundamentals needs to be in place for that to happen. Right now there is no catalyst to change the course of price
  • #436
  • Nov 25, 2018 10:07am Nov 25, 2018 10:07am
Quoting michaelpelly
Guys (and girls) :-)I remember those fruitful days when oil hit 27$ - it was long long long 12 months! Monitor the price next 2 weeks!
Then your memory isn't very good, OR you weren't around in 99....... Oil went to the low $11 dollar range.
  • #437
  • Edited 10:59am Nov 25, 2018 10:36am | Edited 10:59am
Quoting michaelpelly
Question is - what do you think is the price where it possibly might go? And if it goes any lower - how much time it will stay there? Forever? Or 3-4 weeks before bumping back to 65-70...
I don't trade oil - I trade bonds (ZB) on an intra day basis -
However, I will have a look
But without saying why
Will post something this week
  • #438
  • Nov 25, 2018 11:43pm Nov 25, 2018 11:43pm
Quoting tradestar1
{quote} Then your memory isn't very good, OR you weren't around in 99....... Oil went to the low $11 dollar range.
Ooh, let this baby comes around for 11$ again! Will tear it’s ass from buying! Unfortunately after all these QE programs and cheap money - 25-28$ per barrel is the lowest I think it might goes.
  • #439
  • Nov 29, 2018 6:28am Nov 29, 2018 6:28am
As I’ve said - oil guys!
  • #440
  • Nov 29, 2018 9:01am Nov 29, 2018 9:01am
at present oil market going good, so this is the right time to invest here?
0 traders viewing now