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The Right Trade to Make If You Are Targeting $100 Oil, by Kathy Lien 1 reply

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I see oil reaching 100 USD?!

  • #121
  • Nov 20, 2007 8:55pm Nov 20, 2007 8:55pm
Well a sneeze from some nutcase like Chavez and only $0.80 more will hit the mark.
  • #122
  • Nov 21, 2007 3:08am Nov 21, 2007 3:08am
Quoting SunTrader
Well a sneeze from some nutcase like Chavez and only $0.80 more will hit the mark.
couldnt agree more,...comunist swine, after that i saw him being a poet...Chavez Pavarotti...
its just money
  • #123
  • Nov 21, 2007 3:17am Nov 21, 2007 3:17am
The problem it's not Chavez is a MORON.

He is a MORON with Oil. And all other Latin American MORON Presidents - like Lula, thank you very much - bend over.

Lula had the NERVES to say "Nobody can deny there's democracy in Venezuela. They even voted!".

All in all, oil $99 today, Chavez laughing his sick f´n buttocks off and Petrobras with a MONSTROUS amount of oil at 6,000 meters below sea level. Nobody knows how to pump it up
  • #124
  • Nov 25, 2007 10:57am Nov 25, 2007 10:57am
nice articel ...

http://www.economist.com/opinion/dis...ry_id=10177927

http://www.economist.com/opinion/dis...ry_id=10191717

,...
its just money
  • #125
  • Nov 28, 2007 11:17am Nov 28, 2007 11:17am
Looks like a possible support area ($91) for another attempt @ $100
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  • #126
  • Nov 28, 2007 11:28am Nov 28, 2007 11:28am
Quoting SunTrader
Looks like a possible support area ($91) for another attempt @ $100
that weekly bar in the making, is not very encouraging for bulls..
if we get another attempt... ,94-96 would be good area to start building short positions imho..
Attached Image
  • #127
  • Nov 28, 2007 12:15pm Nov 28, 2007 12:15pm
Oh I agree, I would only look to go long only if support holds and there is confirmation. Otherwise I would look to see if there is further weakness and if a lower high pivot sets up.
  • #128
  • Nov 29, 2007 8:11am Nov 29, 2007 8:11am
Quoting raczekfx
that weekly bar in the making, is not very encouraging for bulls..
if we get another attempt... ,94-96 would be good area to start building short positions imho..
...so technically we should start going down now..... 88, ..84....79...70...
I think oil price will get some decent support around low 70s...
.
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  • #129
  • Nov 30, 2007 5:07am Nov 30, 2007 5:07am
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!
Well, I think we missed this trade Merlin...We should have been paying attention to oil at $98 for a possible short just as last time...All the hype in the market were talking about oil going to $120 and the market was actually having a tough time with $100...It's being hit now at $89


Thanks,

Nader
  • #130
  • Dec 4, 2007 10:55pm Dec 4, 2007 10:55pm
Quoting narafa
Well, I think we missed this trade Merlin...We should have been paying attention to oil at $98 for a possible short just as last time...All the hype in the market were talking about oil going to $120 and the market was actually having a tough time with $100...It's being hit now at $89


Thanks,

Nader
you'll get your second chance Nader... at 93.. maybe even tomorrow...
  • #131
  • Dec 4, 2007 11:30pm Dec 4, 2007 11:30pm
I' d say down to about $85 before we bounce, but have to wait for Oil Inventory Figures and see what the boys from OPEC say after their meeting in Abu Dhabi.
  • #132
  • Dec 4, 2007 11:51pm Dec 4, 2007 11:51pm
The other reasons why I am thinking lower before it goes up some is: Chavez needing a little humility with Sunday election loss and intel on Iran regarding nuke plans should temper the noise coming from Pres Bush. So this might mean possible reduction in war premium.
  • #133
  • Dec 5, 2007 1:14am Dec 5, 2007 1:14am
i got a feeling it will go down for 10 dolars till 15.12 ...russian parliamentary elections are over,...only iran issue debated on cnn might hold,....but opec did increase production, so if it doesnt start to go down,...ill will again become agresive shorter like at 80 last year, tp 66.
its just money
  • #134
  • Dec 5, 2007 8:30am Dec 5, 2007 8:30am
Quoting de123
i got a feeling it will go down for 10 dolars till 15.12 ...russian parliamentary elections are over,...only iran issue debated on cnn might hold,....but opec did increase production, so if it doesnt start to go down,...ill will again become agresive shorter like at 80 last year, tp 66.
It will eventually go to low 70s, but I still think we'll see 93 before that happens....
These are my oil trades in the last 7 days, using just S/R and fibs.
.... before anyone asks,... these were taken on demo....
Attached File(s)
File Type: pdf crude.pdf   62 KB | 543 downloads
  • #135
  • Dec 5, 2007 8:37am Dec 5, 2007 8:37am
it wants to shoot higher based on 4hr..
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  • #136
  • Dec 5, 2007 9:13am Dec 5, 2007 9:13am
Thats not a MA curling up from the bottom of your chart, is it?
  • #137
  • Dec 5, 2007 2:08pm Dec 5, 2007 2:08pm
Down we go!!
  • #138
  • Dec 5, 2007 2:30pm Dec 5, 2007 2:30pm
Quoting SunTrader
Down we go!!
indeed...
next stop 86 and then perhaps 84.
93 is still an option as well.
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  • #139
  • Dec 5, 2007 2:59pm Dec 5, 2007 2:59pm
Although it has to go through $86 to get to $84, I think $84 is where the firm support might be.
  • #140
  • Dec 6, 2007 6:53am Dec 6, 2007 6:53am
next week, the whole week, there might be a strike in Italy for road transport,...that might be a catalist for oil to drop heavily....
its just money
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