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Oil and Natural Gas

  • #3,201
  • Apr 6, 2018 8:29am Apr 6, 2018 8:29am
It is difficult to call at the moment. Oil storage draw-down on this week's figures, you might expect price to rise. Trump opens his mouth and the price goes down.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #3,202
  • Apr 6, 2018 10:17am Apr 6, 2018 10:17am
It seems to be the push down I was expecting yesterday.
Unfortunately, haven't caught it.

I stay out of the market till Monday/Tuesday and then it will hopefully be clearer if the bears take over or bulls proceed.

Cheers,
k
  • #3,203
  • Apr 9, 2018 5:31am Apr 9, 2018 5:31am
After the weekend analysis, as far as I can see, I think the possible bottom could be around the 61.15 (for the WTICOUSD ticker at Tradingview, prices by Oanda) I mentioned previously. Most likely time of reaching this would be today, close to the end of the NY session. Of course, it is also possible that the price proceeds further down, I wouldn't fade the push down with a large trade.
Cheers,
K
  • #3,204
  • Apr 9, 2018 6:58am Apr 9, 2018 6:58am
We don't often have the chance for a strong Martingale. I thought I'd post it out here anyway.

First position starting at around 9% risk I think it was, coming out to around 30% risk at ATL I think it was 60% at zero - but gives you many profit options whether you want to play the ranges of keep them open for a bigger payday.
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  • #3,205
  • Apr 11, 2018 2:26am Apr 11, 2018 2:26am
So guys should we buy the rumor of a possible american campaign in Syria on oil now ? At 65$ it's a bit higher than I would like it to be though... Near a 3 year double top it's a difficult decision to go long.
  • #3,206
  • Apr 11, 2018 3:06am Apr 11, 2018 3:06am
Quoting atom3
So guys should we buy the rumor of a possible american campaign in Syria on oil now ? At 65$ it's a bit higher than I would like it to be though... Near a 3 year double top it's a difficult decision to go long.
Can split your position and start buying in, but I would expect it to fall quite a lot at some point anyway, so there should be another opportunity.
  • #3,207
  • Apr 11, 2018 5:41am Apr 11, 2018 5:41am
The Syria situation is not that bad as talks are planned to settle the matter.

WTI could see 66.5 today.

Getting news flow come in quite often for this and its weighing on my cad trades
  • #3,208
  • Apr 11, 2018 6:22am Apr 11, 2018 6:22am
Trump tweeted missiles will be fired. so oil will rally and equities decline and jpy strength
  • #3,209
  • Apr 11, 2018 7:02am Apr 11, 2018 7:02am
short
  • #3,210
  • Apr 11, 2018 7:08am Apr 11, 2018 7:08am
Quoting mihrutkanik
short
You're going short on WTI? OR JPY/EQUITIES?
  • #3,211
  • Apr 11, 2018 7:18am Apr 11, 2018 7:18am
not sure about everyone. im going short wti
  • #3,212
  • Apr 12, 2018 7:12am Apr 12, 2018 7:12am
Always a pull back but this is what ived been watching for a long while. Inverse hs along with major tl
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Wooooohooooo or Boooooohooooo
  • #3,213
  • Apr 12, 2018 7:21am Apr 12, 2018 7:21am
Quoting gnomoneey
Always a pull back but this is what ived been watching for a long while. Inverse hs along with major tl {image}
Trumps tweet ruined the upward trend!!!!
  • #3,214
  • Apr 12, 2018 11:51am Apr 12, 2018 11:51am
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  • #3,215
  • Apr 12, 2018 2:11pm Apr 12, 2018 2:11pm
probably.
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  • #3,216
  • Apr 13, 2018 2:38pm Apr 13, 2018 2:38pm
i reckon its no good for bulls
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  • #3,217
  • Apr 13, 2018 10:18pm Apr 13, 2018 10:18pm
Quoting mihrutkanik
i reckon its no good for bulls {image}
Anyone who is holding oil you should see heavy movement upwards as attacks on syria now confirmed.
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  • #3,218
  • Edited 1:03am Apr 14, 2018 12:41am | Edited 1:03am
Lets not have Amnesia.

Last year on the 7th of April which is exactly 1 year ago, POTUS gave orders for the 2017 Shayrat missile strike in Syria. 59 Tomahawk cruise rockets were launched at the Shayrat Airbase and was a significantly larger attack than the recent attack today.

Go look at USOIL in your charts on the 7th of April of last year, it was a friday. The price of oil did not spike, it just followed the trend. There was no anomaly in the price action related to this event.

I'm not giving advice here since i could very well be wrong, but if we are comparing geopolitical events which are identical and we use the logic that the price respects / remembers last years events, i have no reason to assume price will spike, it may retest resistance and then continue short.

Oil rigs went up, oil supply stock was high.

I'd also like to add that price this time last year was $52 a barrel.
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  • #3,219
  • Apr 14, 2018 4:51am Apr 14, 2018 4:51am
Quoting RockDove
Lets not have Amnesia. Last year on the 7th of April which is exactly 1 year ago, POTUS gave orders for the 2017 Shayrat missile strike in Syria. 59 Tomahawk cruise rockets were launched at the Shayrat Airbase and was a significantly larger attack than the recent attack today. Go look at USOIL in your charts on the 7th of April of last year, it was a friday. The price of oil did not spike, it just followed the trend. There was no anomaly in the price action related to this event. I'm not giving advice here since i could very well be wrong, but if...
% true brother. Thank you for sharing. (Shovo Nobovorsho 1425) that mean Happy new year 1425 in Bengali.
  • #3,220
  • Apr 14, 2018 4:59am Apr 14, 2018 4:59am
Quoting RockDove
Lets not have Amnesia. Last year on the 7th of April which is exactly 1 year ago, POTUS gave orders for the 2017 Shayrat missile strike in Syria. 59 Tomahawk cruise rockets were launched at the Shayrat Airbase and was a significantly larger attack than the recent attack today. Go look at USOIL in your charts on the 7th of April of last year, it was a friday. The price of oil did not spike, it just followed the trend. There was no anomaly in the price action related to this event. I'm not giving advice here since i could very well be wrong, but if...

Well the main strength theis week came from the Saudis saying they want to see $80. Syria move also contributed to it although it had little effect on safe haven currencies but commodity currencies like cad benefited.

Let's see how the market digest the news as this also involves Russia as well
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