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Sweet, sweet Oil

  • #661
  • Oct 23, 2019 7:53pm Oct 23, 2019 7:53pm
Oil made a nice move today. Now I expect a pullback to 55.12/47 before continue higher.
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  • #662
  • Oct 24, 2019 12:51am Oct 24, 2019 12:51am
Quoting LCForex
Oil made a nice move today. Now I expect a pullback to 55.12/47 before continue higher. {image}
I think that move was on inventory levels. I don’t see the trend continuing though.
  • #663
  • Oct 24, 2019 8:06pm Oct 24, 2019 8:06pm
Oil should continue lower for now.
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  • #664
  • Oct 28, 2019 7:51pm Oct 28, 2019 7:51pm
Let see if after this ending wedge we could continue lower.
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  • #665
  • Oct 30, 2019 8:29pm Oct 30, 2019 8:29pm
Oil should continue lower to 53.85/56
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  • #666
  • Nov 4, 2019 7:37pm Nov 4, 2019 7:37pm
Quoting LCForex
Oil should continue lower to 53.85/56 {image}
Oil bounce hard from the 53,XX area breaking high. Possible to retest 55.XX for now.
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  • #667
  • Nov 6, 2019 6:12pm Nov 6, 2019 6:12pm
Another wedgy in OIL
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  • #668
  • Nov 6, 2019 8:38pm Nov 6, 2019 8:38pm
Quoting LCForex
Another wedgy in OIL {image}
Did you trade it?
  • #669
  • Nov 6, 2019 8:56pm Nov 6, 2019 8:56pm
Quoting helgastrxd
{quote} Did you trade it?
Really I do not remember wwhen the last time I trade oil. I will wait below 50 until I see possibilities
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  • #670
  • Nov 6, 2019 10:58pm Nov 6, 2019 10:58pm
Quoting LCForex
{quote} Really I do not remember wwhen the last time I trade oil. I will wait below 50 until I see possibilities
I’m with you on this - have some capital buffer on the side of Sweet Crude slides good bellow 50. It bottoms somewhere between December and February.
  • #671
  • Nov 11, 2019 1:55pm Nov 11, 2019 1:55pm
Quoting LCForex
{quote} Really I do not remember wwhen the last time I trade oil. I will wait below 50 until I see possibilities
We will see it but it may take a number of months, if Middle East tensions crop up again maybe more.
  • #672
  • Nov 11, 2019 5:43pm Nov 11, 2019 5:43pm
Quoting helgastrxd
{quote} We will see it but it may take a number of months, if Middle East tensions crop up again maybe more.
when do you change your mind about trend?
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  • #673
  • Nov 11, 2019 11:21pm Nov 11, 2019 11:21pm
Quoting LCForex
{quote} when do you change your mind about trend?
Honestly - I’ve never had the “right” swing sentiment - every time it is either a little bit later or a little bit sooner :-).

The only real tool I have is a consideration when a price is “low enough” - especially for energies. And also - how much time I can wait before reaping some profits. It works - to a different degree of “profitability” - but it works.
  • #674
  • Nov 12, 2019 6:19pm Nov 12, 2019 6:19pm
Quoting michaelpelly
{quote} Honestly - I’ve never had the “right” swing sentiment - every time it is either a little bit later or a little bit sooner :-). The only real tool I have is a consideration when a price is “low enough” - especially for energies. And also - how much time I can wait before reaping some profits. It works - to a different degree of “profitability” - but it works.
Well said. Nobody out there can time the market. As michaelpelly eluded to, there's a lot of instinct and intuition that goes into some decisions. But just too add to this convo, it's not about timing sentiment change. It's more about knowing that there's a shift and why. If you make a trade it's smart to always give yourself enough room in case you're early on a call. As far as being late on taking profits, that's more about money management.

As far as where oil is going. I'm not as certain as I used to be when I was very bearish. Bloomberg shows most economists are predicting $55-$56 through Q3 2020.
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  • #675
  • Nov 12, 2019 7:58pm Nov 12, 2019 7:58pm
Quoting EventsTrader
{quote} Well said. Nobody out there can time the market. As michaelpelly eluded to, there's a lot of instinct and intuition that goes into some decisions. But just too add to this convo, it's not about timing sentiment change. It's more about knowing that there's a shift and why. If you make a trade it's smart to always give yourself enough room in case you're early on a call. As far as being late on taking profits, that's more about money management. As far as where oil is going. I'm not as certain as I used to be when I was very bearish. Bloomberg...
55-56 for me is too conservative. Above $70 for next year, i want to catch it below 50.
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  • #676
  • Nov 13, 2019 12:43am Nov 13, 2019 12:43am
Quoting EventsTrader
{quote} Well said. Nobody out there can time the market.
I can. I have been known to buy at the extreme top and sell at the bottom tick. Shh, don't tell anyone.
  • #677
  • Nov 13, 2019 2:22am Nov 13, 2019 2:22am
Quoting LloydOz
{quote} I can. I have been known to buy at the extreme top and sell at the bottom tick. Shh, don't tell anyone.
The secret's out LloydOz. Give us the goods.
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  • #678
  • Nov 19, 2019 12:47pm Nov 19, 2019 12:47pm
Things are not looking good with US-China trade talks. Oil prices in decline:
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  • #679
  • Last Post: Nov 19, 2019 8:08pm Nov 19, 2019 8:08pm
OIL4H
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