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Sweet, sweet Oil

  • #301
  • Sep 30, 2009 1:35am Sep 30, 2009 1:35am
Quoting Monaji
I am hoping to start trading oil soon. My read of all factors tells me that oil prices will go over 100$ by mid 2010. would anyone care to share their predicitions for oil prices in the short term?

When I left Spot Currency Oil is where my trading headed in the Futures market. After many countless frustrating hours I learned the hard way to ignore all the Hyper News oil specific and rather monitor the Stock market Indices.
Since oil is a Stock driven commodity as well as by consumption / Production or lack of. It is best to be more in tune with the price action than the talking heads. Oil does not move quite like the currencies do you'd best watch the contract and sit on your hands for a bit of time before you pull the trigger. Don't be concerned where the Oil price can peak out at or bottom at. Just do your day to day trading with typical technical measures. The random movment is enough to blow up a 10k account in no time. It will not just peak one way for a quick cash cow pay day!!!
"Look Left Think Right"
  • #302
  • Sep 30, 2009 6:35am Sep 30, 2009 6:35am
In the end of the spring two of the Oil Ministers of the Cartel said prices would soar up to $200 per barrel in the next few years.
  • #303
  • Sep 30, 2009 10:20am Sep 30, 2009 10:20am
can help me to find active thread for oil .
i need oil support and Resistance.
  • #304
  • Sep 30, 2009 3:02pm Sep 30, 2009 3:02pm
Quoting CurrencyAnalyst
When I left Spot Currency Oil is where my trading headed in the Futures market. After many countless frustrating hours I learned the hard way to ignore all the Hyper News oil specific and rather monitor the Stock market Indices.
Since oil is a Stock driven commodity as well as by consumption / Production or lack of. It is best to be more in tune with the price action than the talking heads. Oil does not move quite like the currencies do you'd best watch the contract and sit on your hands for a bit of time before you pull the trigger. Don't be concerned...
Well said, Crude oil, if you day trade it, is best to trade off the swings.
I have been trading Oil exclusivly for the past couple months and if you look at a 2 min chart for each day, you will see the patterns. Just Swing trade. Get in then GET OUT as soon as it turns. You have to wait for these swing to develop, just don't jump right in. When I miss an entry, I just wait for the next one, and do not chase it. Pivot point, and Fib extension are helpful for exit targets.
  • #305
  • Oct 25, 2009 12:34am Oct 25, 2009 12:34am
a) Supply and demand - neutral in my view.

b) Speculation - also neutral in my view.

Supply & demand - as the world cranks up it's engines again there will be a lot of new technologies and substitution with renewable, so a dramatic increase in consumption, I do not see.

Speculation - there are a lot more bets available such as housing/debt markets, stocks, other commodities and new grounds for forex.
These had kinda peaked in July 08 and that brought the players to oil and that fed a frenzy of sorts.
  • #306
  • Nov 4, 2009 8:33am Nov 4, 2009 8:33am
Buy Crude Oil December @ 78.60

Stop Loss @ 77.29

Target 1: 85.00

TS: 150 PIP
  • #307
  • Nov 5, 2009 6:47pm Nov 5, 2009 6:47pm
Quoting Value-global
Buy Crude Oil December @ 78.60

Stop Loss @ 77.29

Target 1: 85.00

TS: 150 PIP
Agree,

Hang on to $90 my friend !!

golferfx
Attached Image (click to enlarge)
Click to Enlarge Name: dec crude oil.gif Size: 22 KB
  • #308
  • Nov 5, 2009 6:50pm Nov 5, 2009 6:50pm
Quoting shahram261
2 days ago i set my target at 41.5 according to below chart but latter i changed my target to 44 and now market been back and i missed this move to sell out.
http://i41.tinypic.com/6se2qd.gif

Yea....god bless america.

$90 was a better target ...dude
  • #309
  • Nov 5, 2009 8:00pm Nov 5, 2009 8:00pm
Quoting golferfx
Yea....god bless america.

$90 was a better target ...dude

ohhhhhhhhhhhhhhhh i am sure is
  • #310
  • Nov 5, 2009 8:32pm Nov 5, 2009 8:32pm
Quoting Value-global
ohhhhhhhhhhhhhhhh i am sure is


Ride the bronco my friend...if you sell out I will kill you!!!

yea baby!

golferfx
  • #311
  • Nov 5, 2009 8:36pm Nov 5, 2009 8:36pm
Quoting golferfx
Ride the bronco my friend...if you sell out I will kill you!!!

yea baby!

golferfx

i bought @79.80 my target
i
will
meet
you
@
85.00

  • #312
  • Nov 5, 2009 8:53pm Nov 5, 2009 8:53pm
Quoting Value-global
[center]i bought @79.80 my target

i
will
meet
you
@

[b][FONT=Century...


Not a dime under $90 my friend !!!!!!!!!!!


  • #313
  • Nov 6, 2009 7:05am Nov 6, 2009 7:05am
Pivot: 77.70

LONG positions above 77.7 with 81 & 81.7 as next targets.

Alternative scenario: The downside penetration of 77.7 will call for 76.6 & 75.5.

Comment: The price is banging against its bullish flag upper boundary. Caution.

Trend: ST Ltd upside; MT Consolidation

Key levels Comment

83** Intraday resistance
81.7*** Intraday resistance
81** Intraday resistance
79.32 Last
77.7** Intraday Pivot point
76.6** Intraday support
75.5** Intraday support
Attached Image
  • #314
  • Nov 13, 2009 4:29pm Nov 13, 2009 4:29pm
Good Evenning all,

Anyone agree with me when i said that when oil up, EURUSD up, and When Oil Down, EURUSD down... some curious but i think that is a really fact. What you think?!?!
  • #315
  • Nov 19, 2009 12:52pm Nov 19, 2009 12:52pm
According to ACMs news the most important support is found at 78.90, while the next resistance is found at 79.35 dollars.
Do you agree?
  • #316
  • Nov 23, 2009 11:53am Nov 23, 2009 11:53am
A thirst for more Demand is on the brink, Oil is High given the current global overall economic condition. Production is underpinned by the lack of drilling interest during the cheap phase. Peak OIL is Here The talking heads can not hold on to the lies any longer... Just wait when things get busy again. Oil will most obviously cling topside Look for a touch of the 85.00 area as the next step higher.


" Higher prices appearing at a gas station near you .."
"Look Left Think Right"
  • #317
  • Nov 27, 2009 7:37am Nov 27, 2009 7:37am
Quoting FX_Advisor
Good Evenning all,

Anyone agree with me when i said that when oil up, EURUSD up, and When Oil Down, EURUSD down... some curious but i think that is a really fact. What you think?!?!
For the previous 180 days, the correlation between CL and 6E is +88%.

If you have access to the daily data for the two instruments, Excel can be used to find the correlation coefficient - Tools >> Data Analysis >> Correlation.
  • #318
  • Dec 25, 2009 11:13am Dec 25, 2009 11:13am
I got lucky recently with oil and almost caught the exact bottom. I Elliott waved it on this one, literally drew an arrow on my chart and willed it to come to me.

I have to warn you, the drops and runs on oil are second to none. They are vicious, only Natural Gas is more treacherous imo.
  • #319
  • Dec 26, 2009 7:18am Dec 26, 2009 7:18am
Just read page one. We have some pretty diverse opinions here. There is a wee company I am trying to get in touch with, that could really upset the oil apple cart.

I am not going to give out the name yet, because they haven't returned any of my calls yet. They seem, according to my scientist partner, to have really come up with a technology in the solar field that is light years ahead of everyone else, but they havea solid bunker mentality it seems.

I have been involved with these hopeful types of technologies before, my father was the facilitator for one that ran from a few dollars to 188. It never did what everyone anticipated, and the stock fell to the thirties.

Check out www.nanosolar.com They may go public, and it may be an Obama sponsored thing to get the US markets to go nuts. nano solar being the new green google. My sources tell me that they may try to get the US markets going with a new green bubble. A la internet stocks in the 90's. nanosolar has raised over 500 million. And the little company I am researching is quite a bit ahead of them, it 'seems'. Keep ya posted.
  • #320
  • Dec 27, 2009 11:23am Dec 27, 2009 11:23am
Quoting Monaji
I am hoping to start trading oil soon. My read of all factors tells me that oil prices will go over 100$ by mid 2010. would anyone care to share their predicitions for oil prices in the short term?
Gold and Oil are bullish and soon they will make new highs. Oil will go above 100 and Gold is predicted as near1400. Take last weak's closing all currencies closed on lower side but Gold and Oil closed on higher side.
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