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Oil and Natural Gas

  • #221
  • Jan 9, 2014 10:57pm Jan 9, 2014 10:57pm
Quoting Razi89
raza bhai your views about oil.
i agreed with g, technically next stop is around 89 which i told u couple of days ago , if closed below 92.75 than target is 89
stick on this , historically february is bullish for gold

decision will yours, u want to go with technicals or history
  • #222
  • Jan 9, 2014 10:59pm Jan 9, 2014 10:59pm
Quoting Razi89
{quote} actually i want to catch the correction. long at 91.41 sl 91.21. small sl but if oil manage to correct 200 to 300 point then we could earn good profit with bettet RR
not a bad idea to use sl when go against trend
  • #223
  • Jan 9, 2014 11:05pm Jan 9, 2014 11:05pm
Quoting razaali
{quote} i agreed with g, technically next stop is arou nd 89 which i told u couple of days ago , if closed below 92.75 than target is 89 stick on this , historically february is bullish for gold decision will yours, u want to go with technicals or history

thanks.although my 95% are based on tech and trend and other 5% based historical level support and resistance.
so history tell us oil has good support around 91-92 level.
my current trade is showing 104 point profit but i am not going to take it.
i want to take a chance if history could repeat itself.
  • #224
  • Jan 9, 2014 11:18pm Jan 9, 2014 11:18pm
Well now looks G & Razi89 taking this thread active.
I was following this trade little long but no activities was there, now having some technical levels encouraging contribution.
  • #225
  • Jan 10, 2014 12:21am Jan 10, 2014 12:21am
Can have a bounce from these levels. All I will say is that this will probably be one of the stronger trends of 2014. I still have a downside target of $77.50 this year. Any bounce to $95-98 would be free money at this point. Playing momentum to downside will be very very profitable in crude oil this year, because the trend is strongly down.
  • #226
  • Jan 10, 2014 12:45am Jan 10, 2014 12:45am
Quoting Amk Khan
Well now looks G & Razi89 taking this thread active. I was following this trade little long but no activities was there, now having some technical levels encouraging contribution.
thanks.we are all looking forward for yours contribution.
the purpose of this thread is not by any mean that i am right and some body is wrong.
instead we all are here to learn and grow in a very cooperative environment.
  • #227
  • Jan 10, 2014 12:47am Jan 10, 2014 12:47am
Quoting Ck87
Can have a bounce from these levels. All I will say is that this will probably be one of the stronger trends of 2014. I still have a downside target of $77.50 this year. Any bounce to $95-98 would be free money at this point. Playing momentum to downside will be very very profitable in crude oil this year, because the trend is strongly down.

95-96 area serve very good resistant level.i am also looking at these level to close my long and initiate a short entry.
  • #228
  • Jan 10, 2014 12:50am Jan 10, 2014 12:50am
Quoting Razi89
{quote} actually i want to catch the correction. long at 91.41 sl 91.21. small sl but if oil manage to correct 200 to 300 point then we could earn good profit with bettet RR

sl moved to 91.91 level to lock in some profit.
  • #229
  • Jan 10, 2014 1:33am Jan 10, 2014 1:33am
My SAR setting is 0.44; 0.2.
Appreciate if Anyone who has a setting which is more sensitive.
Face both Win and Lose bravely
  • #230
  • Jan 10, 2014 1:45am Jan 10, 2014 1:45am
believe that tomorrow’s closing will be very important for bears as a break below the support line connecting the movements from 77.15 will assist them to re-experience 91.60 once again followed by the main technical target at 85.00.
Attached Image (click to enlarge)
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  • #231
  • Jan 10, 2014 1:53am Jan 10, 2014 1:53am
Quoting razaali
believe that tomorrow’s closing will be very important for bears as a break below the support line connecting the movements from 77.15 will assist them to re-experience 91.60 once again followed by the main technical target at 85.00. {image}
The chart posted is very clear that which is the long wave.
Face both Win and Lose bravely
  • #232
  • Jan 10, 2014 2:06am Jan 10, 2014 2:06am
Quoting Cowboy11
{quote} The chart posted is very clear that which is the long wave.
for strong bearish scenerio , it should close below the last support line
  • #233
  • Jan 10, 2014 2:14am Jan 10, 2014 2:14am
When it break the support line, it will not just break couple of sen. I believe that at least couple of dollars.
Face both Win and Lose bravely
  • #234
  • Jan 10, 2014 7:05am Jan 10, 2014 7:05am
will crude hit 90 today
any opinion
MRMALIK1
  • #235
  • Jan 10, 2014 7:23am Jan 10, 2014 7:23am
What Crude will do is anybody's guess, but 1 thing is certain. As long as you trade your planned thesis with some objectivity, and don't stray away from it, call it a good trade.

Some traders trade higher time frames, thus having different objectives & expectations in regards to TP / SL / in trade management.

Know what you're comfortable with... saying crude will hit 85 or 95 really doesn't help anyone esp no one knows how you will trade it to that level & risk parameters that goes along with it.

Never get greedy, and always respect SL.

Good job Razi for holding it overnight. I hope you had more than 1 contract, so you can scale out and reduce risk at this point.

GL all
  • #236
  • Jan 10, 2014 8:13am Jan 10, 2014 8:13am
Quoting Orientxpress
What Crude will do is anybody's guess, but 1 thing is certain. As long as you trade your planned thesis with some objectivity, and don't stray away from it, call it a good trade. Some traders trade higher time frames, thus having different objectives & expectations in regards to TP / SL / in trade management. Know what you're comfortable with... saying crude will hit 85 or 95 really doesn't help anyone esp no one knows how you will trade it to that level & risk parameters that goes along with it. Never get greedy, and always respect SL. [color=#ff0000][u]Good...
thanks.actually due to limited equity i just trade 1 contract.
  • #237
  • Jan 10, 2014 8:34am Jan 10, 2014 8:34am
Quoting Razi89
{quote} sl moved to 91.91 level to lock in some profit.

stop move to 92.1
  • #238
  • Jan 10, 2014 8:35am Jan 10, 2014 8:35am
one thing that you are all forgetting is that the usa is going to very independent from opec soon....

usa is now getting to produce not only crude but sand oils....of which costs around $60/barrel to extract....therefore price should be around $60-$80 in the near future imo.....

yes fluctuation up or down will occur but in reality oil should eventually drop to those prices....lower could be achieved if opec decides they want to give away their oil as so they can still milk usa as long as possible and prevent the production of sand oil....

in any case oil is dropping from now on....
Wooooohooooo or Boooooohooooo
  • #239
  • Jan 10, 2014 8:48am Jan 10, 2014 8:48am
Quoting gnomoneey
one thing that you are all forgetting is that the usa is going to very independent from opec soon.... usa is now getting to produce not only crude but sand oils....of which costs around $60/barrel to extract....therefore price should be around $60-$80 in the near future imo..... yes fluctuation up or down will occur but in reality oil should eventually drop to those prices....lower could be achieved if opec decides they want to give away their oil as so they can still milk usa as long as possible and prevent the production of sand oil.... in any...

thanks for sharing such a valuable information.
  • #240
  • Jan 10, 2014 11:44am Jan 10, 2014 11:44am
still holding long taken from91.41 profit stop now 91.95
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