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I see oil reaching 100 USD?!

  • #101
  • Nov 12, 2007 10:45am Nov 12, 2007 10:45am
Quoting philmcgrew
What is that "something?"
speculators!!

oh and, politics and fear play a part as well.
Relax and be happy.
  • #102
  • Nov 12, 2007 10:53am Nov 12, 2007 10:53am
oh btw, see that very insightful chart phil posted? i bet you MT guys cant do that:
Relax and be happy.
  • #103
  • Nov 12, 2007 10:58am Nov 12, 2007 10:58am
Fridays close made the weekly a Doji or Spinning Top whatever.
  • #104
  • Nov 12, 2007 10:58am Nov 12, 2007 10:58am
Quoting SeekingLight
Are those the ones that tend to dish out cancer causing waste after a while which radiates with a half life of a few hundred+ years or are we talking about some other safe and clean nuclear energy? ;p
I assume this was said in jest and that you know fact from fiction.

Here's a fun fact for the day: coal plants emit more radiation then nuclear power plants.
  • #105
  • Nov 12, 2007 11:09am Nov 12, 2007 11:09am
Quoting philmcgrew
I assume this was said in jest and that you know fact from fiction.

Here's a fun fact for the day: coal plants emit more radiation then nuclear power plants.
My older brother is a instructor and VP with a company that inspects pipelines. He told me one of the big problems with natural gas pipelines, is they collect radioactivity. The inspectors in the field have to carry a handheld geiger counters to make sure they are working in safe conditions.
  • #106
  • Nov 12, 2007 11:27am Nov 12, 2007 11:27am
Quoting philmcgrew
I assume this was said in jest and that you know fact from fiction.

Here's a fun fact for the day: coal plants emit more radiation then nuclear power plants.


I actually was putting it out there mostly to see whether it'd turn into some cool information..since you seem to have a physics background =)
I do admit though that the tying-oneself-to-railroadtracks propagandists have me, I instantly thought "ohhhh, how can toxic radioactive waste be clean" the second I read that bit..I still think those burnt out "sticks" are a problem - the dimensions and relative terms compared to other energy sources are what I've got really zero factual background on...hence the poke ;p

Worked a charm, learning from both replies =)

Need to read up on this stuff at some point..public is usually completely misinformed(wait, that reminds me of something else, too...hmmmmmmmm...hehehehe).
Trust price. Know yourself.
  • #107
  • Nov 12, 2007 11:35am Nov 12, 2007 11:35am
Quoting merlin
oh btw, see that very insightful chart phil posted? i bet you MT guys cant do that:

There's actually an indicator for that(overlaying feeds), but it looks really crappy and is like putting a bandaid on the black hole that is MT4s lack of advanced features(let's not even start on disappearing and moving trendlines).

I WISH I could do that, I'd prolly start doing all sorts of nonsense with it ;p
Trust price. Know yourself.
  • #108
  • Nov 12, 2007 11:56am Nov 12, 2007 11:56am
Quoting SeekingLight
There's actually an indicator for that(overlaying feeds),
the overlay feature is pretty common, its being able to access so many markets and instruments that is really remarkable with TS. can MT do dollar index and crude oil futures all on the same chart? not to mention you can add bonds, stocks, the vix, or anything else that tickles your fancy
Relax and be happy.
  • #109
  • Nov 12, 2007 12:16pm Nov 12, 2007 12:16pm
i made some nice scalps today in usd/cad......global reversal took place last week, and it aint showing its over,..till its over.....oil 100 this year not so likely...bemac was right,...i guess
its just money
  • #110
  • Nov 12, 2007 12:37pm Nov 12, 2007 12:37pm
Coming short of $100 by only $1.40 is pretty much $100 oil if you ask me after starting the rally down in the $50's.
  • #111
  • Nov 12, 2007 12:51pm Nov 12, 2007 12:51pm
i fully agree,..margin for trading 500 barels is up to 3881 usd,...when it was 50usd i traded 1k brent for 4.2k...
its just money
  • #112
  • Nov 12, 2007 3:24pm Nov 12, 2007 3:24pm
Quoting merlin
the overlay feature is pretty common, its being able to access so many markets and instruments that is really remarkable with TS. can MT do dollar index and crude oil futures all on the same chart? not to mention you can add bonds, stocks, the vix, or anything else that tickles your fancy
Well North Finance has Oil, Gold, Silver, Indices, Index futures, a handful of stocks, truckloads of exotic FX pairs, etc...what they supply MT4 with isn't dependent on the interface, it's what they feed it with( => broker / feed provider dependent).

The trouble is the way it's displayed / charted / handled :/

Anyway, getting off track. Seems Oil has taken a detour before that 100$.

I still believe that the USDX has an influence on oil price and any and all commodities btw. Doesn't have to be a perfect % match for it to matter imho - as long as it can change direction of price at all it's "big enough" for me.

I also still think pretending Canada(=USDCAD) is really a big oil lake is BS. The pin bar was on the USDX, so what a surprise that a USDxxx pair was to show one as well. I also think USDCAD moved first and more(monthly channel low here), not oil.

Btw I think there was a really nice post / discussion about "peak oil" being utter nonsense by Darkstar, Narafa and others in the original oil thread if I remember correctly.
Trust price. Know yourself.
  • #113
  • Nov 12, 2007 9:53pm Nov 12, 2007 9:53pm
Quoting merlin
oh btw, see that very insightful chart phil posted? i bet you MT guys cant do that:
MT, Schmee Tee. How would you utilize said chart in your "Trade Timing"
  • #114
  • Nov 13, 2007 11:48am Nov 13, 2007 11:48am
Quoting merlin
that was a great trade and im waiting for it to happen agian!
http://www.forexfactory.com/news.php?do=news&id=55985

oh boy, it could be coming faster than i thought. i sure hope not, im not ready to start playing in the oil fields at the moment, too much currency craziness to deal with!
Relax and be happy.
  • #115
  • Nov 13, 2007 2:54pm Nov 13, 2007 2:54pm
Quoting merlin
http://www.forexfactory.com/news.php?do=news&id=55985

oh boy, it could be coming faster than i thought. i sure hope not, im not ready to start playing in the oil fields at the moment, too much currency craziness to deal with!
  • #116
  • Nov 18, 2007 1:35pm Nov 18, 2007 1:35pm
http://article.wn.com/view/2007/11/1..._could_double/
...,...but i dont think the attack of iran is a serious question,..i think chavez is 2 greedy this time...he could just say 100 euros...
its just money
  • #117
  • Nov 19, 2007 7:45pm Nov 19, 2007 7:45pm
For all those who have gotten their panties in a bunch about reports oil exporters especially OPEC looking to price their oil in something other than US$ - from a financial news program here on public radio (NPR) called Marketplace:

JOHN DIMSDALE: Iran began moving away from the dollar two years ago, and already prices 80 percent of its crude in either euros or yen.


TOM WALLIN: There's a lot less to it than meets the eye.

Tom Wallin of the publishing company, Energy Intelligence, says the long-term oil contracts Iran sells for euros and yen are actually pegged to the dollar. That's because all oil sold on short-term spot markets is still priced in dollars, and those markets influence how Iran and other countries set long-term prices.


WALLIN: They could insist that they get paid in euros or in yen or some other currency, but they're always going to be in a dollar starting point. It's more symbolic, I think than, you know, having much real commercial or financial impact.

Wallin says Iran's leaders want to show local audiences they're standing up to the U.S. Still, given the greenback's falling value, Martin Baily at the Brookings Institution expects oil exporters, like Russia or Mexico, to start using other currencies.
  • #118
  • Edited 8:39am Nov 20, 2007 2:55am | Edited 8:39am
Quoting SunTrader
Iran began moving away from the dollar two years ago
Indeed. But just like headlines saying "the EURUSD is rising" still appear after 3-5 years of it doing so, there's always a salary that has to be earned writing them articles


It's a bit the "gotta write SOMETHING" syndrome some days..whether there's a real world impact or not from things, you just have to imply it verbally and off you go. Who can really prove or disprove WHY the people who did the large scale buying and selling had factor x y or z that caused them to press the button?

It's not like there are significant large scale post-fact surveys researched to reveal this..
Trust price. Know yourself.
  • #119
  • Nov 20, 2007 8:17am Nov 20, 2007 8:17am
Quoting SeekingLight
Indeed. But just like headlines saying "the EURUSD is rising" still appear after 5-7 years of it doing so, there's always a salary that has to be earned writing them articles
..
How about keeping it to 5 years ago. Remember the Euro first had to first get back to parity. This was a radio program, not print and yes the media does not always stick to the exact facts. The main point is that the doomgloomers and the US bashers (not just US$ bashers) point to what Iran or Venezuela wants to do as something of significant. Who gives a f#*&.

Right now the Euro zone is more upset with the weak dollar than anyone here in the USA. Oh maybe the Gstaad ski crowd in NYC who are crying over their imported French wineeeeeeeeeeeee.

:
  • #120
  • Nov 20, 2007 8:32am Nov 20, 2007 8:32am
Quoting SunTrader
The main point is that the doomgloomers and the US bashers (not just US$ bashers) point to what Iran or Venezuela wants to do as something of significant. Who gives a f#*&.
That's pretty funny.

I just got a PM fron a Venezuelan gentleman who had this to say:

hahaha, you dont have any money or wealth you just create money printed out of air and thats why you are so troubled right now.

the world is starting to realize it, but anyway after you payback what you debt us working a thousands years maybe you can change your system and start earning something.
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