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  • #10,541
  • Jun 8, 2022 2:02pm Jun 8, 2022 2:02pm
#CRUDEOIL / H4
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  • #10,542
  • Jun 8, 2022 4:19pm Jun 8, 2022 4:19pm
Nat Gas on a free fall
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  • #10,543
  • Jun 8, 2022 7:14pm Jun 8, 2022 7:14pm
Quoting yani38
112.73 looking a bit scary atm resis at that level, went in anyway this morning long obviously trusting it will break above, reasonably tight stops back to 100/111, no doubt a bit of to and fro in the meantime around that 112/113 level. Target 113.60 then123/4. {image}
Made it, where to from here? !50.00, maybe.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,544
  • Jun 8, 2022 7:47pm Jun 8, 2022 7:47pm
Get ready, the stock market and economy are about to crash. No way energy costs this high can be withstood.
Be humble or be humbled.
  • #10,545
  • Jun 8, 2022 9:20pm Jun 8, 2022 9:20pm
Quoting Temujin
Get ready, the stock market and economy are about to crash. No way energy costs this high can be withstood.
We all heard this before!
  • #10,546
  • Jun 9, 2022 12:26am Jun 9, 2022 12:26am
Quoting Temujin
Get ready, the stock market and economy are about to crash. No way energy costs this high can be withstood.
Quoting Savager
{quote} We all heard this before!
Both correct, in any boom/bust cycle, only the strong survive. Interesting tho : )
"Don't Shoot Me I'm Only the Piano Player"
  • #10,547
  • Edited 8:18am Jun 9, 2022 2:06am | Edited 8:18am
Quoting yani38
{quote} Made it, where to from here? !50.00, maybe. {image}
Well done!

Consolidation?
If this was the top, looking for 115.40 / 111.00
Daily
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  • #10,548
  • Jun 9, 2022 7:38am Jun 9, 2022 7:38am
Quoting Jolita
{quote} Well done! Consolidation? If this was the top, looking for 115.40 / 111.00 Daily {image}

Not much is happening, stack on daily pivot and close to daily resistance.
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  • #10,549
  • Jun 9, 2022 8:02am Jun 9, 2022 8:02am
Quoting Jolita
{quote} Not much is happening, stack on daily pivot and close to daily resistance.{image}
probably winding up for a breakout
  • #10,550
  • Jun 9, 2022 8:17am Jun 9, 2022 8:17am
Quoting Kwame Freder
{quote} probably winding up for a breakout

Rejection would be nice, could create new balance
  • #10,551
  • Jun 9, 2022 9:39am Jun 9, 2022 9:39am
i think its winding up to break north. but i could be wrong, it could also stay in consolidation and do nothing for the rest of the week (which is very likely)
  • #10,552
  • Jun 9, 2022 9:58am Jun 9, 2022 9:58am
Yesterdays gas drop 50% recovered today.
We need Powell to keep pressing the sell button

Volatility dropping..meaning buyers are dropping. I still think we should revisit $100 ish.
  • #10,553
  • Jun 9, 2022 10:18am Jun 9, 2022 10:18am
Quoting Kwame Freder
i think its winding up to break north. but i could be wrong, it could also stay in consolidation and do nothing for the rest of the week (which is very likely)

Easing all day, we know is shortage, we also know is way too expensive.
Petrol in London today - £1.80-84/ltr equivalent to around $1.50.
  • #10,554
  • Edited 8:23pm Jun 12, 2022 8:10pm | Edited 8:23pm
Quoting Jolita
{quote} Easing all day, we know is shortage, we also know is way too expensive. Petrol in London today - £1.80-84/ltr equivalent to around $1.50.
We're paying around $9.08/Gal in Aus, about $2/ltr. Pretty desperate, but no choice. WTI could easily go to $150.00, no big surprise there. Currencies, one of note for me AUD diving, pundits all over the sell, all of a sudden. Still waters run deep, I wouldn't dump it just yet.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,555
  • Jun 12, 2022 8:30pm Jun 12, 2022 8:30pm
Unleaded, local.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,556
  • Jun 12, 2022 10:36pm Jun 12, 2022 10:36pm
Half off the table, quiet day, QB Holiday in Aus, but all good. WTI steady 119/20, Precious down a few, 1864 or thereabouts. See how we go when A200 futs open in an hour or so.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,557
  • Jun 13, 2022 1:49pm Jun 13, 2022 1:49pm
Quoting yani38
{quote} We're paying around $9.08/Gal in Aus, about $2/ltr. Pretty desperate, but no choice. WTI could easily go to $150.00, no big surprise there. Currencies, one of note for me AUD diving, pundits all over the sell, all of a sudden. Still waters run deep, I wouldn't dump it just yet. {image}
Sorry, just noticed your post and realised I've misculcatated exchange rate £1=$1.2, so petrol around £1.80 is above $2.18. London is cheaper then the rest of UK. People started stealing fuel from the cars. Petrol stations no longer allow to fill up first and pay later, pay upfont only option now, as lots of drivers drive off without paying . Crazy days.

Noticed AU - since the HH bears took charge. Do you think AU will recover? Was this effect after last rate decision?
As we entered below 7000, I would think price probably will touch lower support 6830. I would prefer weak dollar though.
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  • #10,558
  • Jun 13, 2022 2:42pm Jun 13, 2022 2:42pm
Bearish week so far, hope will continue this way, lowest support was 115.20, after inflation news bulls took price up to close the weekend gap.
Which one next 111 or 122?

4hr
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  • #10,559
  • Jun 13, 2022 10:19pm Jun 13, 2022 10:19pm
Half off the table, quiet day, QB Holiday in Aus, cple off the table, but all good. WTI steady 119/20, Precious down a few, 1864 or thereabouts. *See how we go when A200 opens in an hour or so.

*And a scary thing that was/has been, but all safe and cosy. : )

WTI $121/2, Precious $1824, or close enough.
"Don't Shoot Me I'm Only the Piano Player"
  • #10,560
  • Jun 13, 2022 11:04pm Jun 13, 2022 11:04pm
Quoting Jolita
{quote} Sorry, just noticed your post and realised I've misculcatated exchange rate £1=$1.2, so petrol around £1.80 is above $2.18. London is cheaper then the rest of UK. People started stealing fuel from the cars. Petrol stations no longer allow to fill up first and pay later, pay upfont only option now, as lots of drivers drive off without paying . Crazy days. Noticed AU - since the HH bears took charge. Do you think AU will recover? Was this effect after last rate decision? As we entered below 7000, I would think price probably will touch...

1. No probs, and yes sure are Crazy days, but when aren't they I guess, re the Markets, and the flow on effect to the Public's budget.

2. Yes, 7000 A200 and 0.7000 AUD have both been flogged to death, so had to go, a flush out thing. Trust AUD holds up from here, currently 0.6960.

Good luck J. : )
"Don't Shoot Me I'm Only the Piano Player"
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