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Oil and Natural Gas

  • #241
  • Jan 10, 2014 11:58am Jan 10, 2014 11:58am
Quoting Razi89
still holding long taken from91.41 profit stop now 91.95

acidguy did you took the profit from long
  • #242
  • Jan 10, 2014 1:06pm Jan 10, 2014 1:06pm
Quoting Razi89
{quote} acidguy did you took the profit from long
yes, exited that trade as fast as i could, im personally not taking this unless it falls to 91 area again then will closely pay attention to price action,
look like china slowdown is having a big impact in oil prices as supply is very big.

but as the market is speculative most part, who knows how will be the fall.
  • #243
  • Jan 10, 2014 1:12pm Jan 10, 2014 1:12pm
Quoting acidguy
{quote} yes, exited that trade as fast as i could, im personally not taking this unless it falls to 91 area again then will closely pay attention to price action, look like china slowdown is having a big impact in oil prices as supply is very big. but as the market is speculative most part, who knows how will be the fall.

your plan seem good. 91 level is important one, it should be closely watch.
if i am stop out i have almost same plan
first same to you
2nd one if we get 94 to 95 level i would go for short entry to join the current bearish trend
  • #244
  • Jan 10, 2014 1:24pm Jan 10, 2014 1:24pm
Quoting Razi89
{quote} your plan seem good. 91 level is important one, it should be closely watch. if i am stop out i have almost same plan first same to you 2nd one if we get 94 to 95 level i would go for short entry to join the current bearish trend
yes, thats 94 or 95 look like a nice entry if we ever get there again shor term, market right now in my opinion kinda drunk cause usa employment confusing data,
so there should be lot of crazy movements for today.
  • #245
  • Jan 10, 2014 1:31pm Jan 10, 2014 1:31pm
Quoting acidguy
{quote} yes, thats 94 or 95 look like a nice entry if we ever get there again shor term, market right now in my opinion kinda drunk cause usa employment confusing data, so there should be lot of crazy movements for today.

yes today price action was very confusing.
it is very difficult to spot oil direction at this movement.
however today closing might clear some picture.
  • #246
  • Jan 11, 2014 10:05am Jan 11, 2014 10:05am
Quoting Razi89
{quote} yes today price action was very confusing. it is very difficult to spot oil direction at this movement. however today closing might clear some picture.
hi Razi89 market is closed now and it has closed above 92.50 i think it will go to 94.00 and might go to 95.50 and than come back to break 91.00 level what is your opinion.

regards
MRMALIK1
  • #247
  • Jan 11, 2014 10:08am Jan 11, 2014 10:08am
Quoting mrmalik1
{quote} hi Razi89 market is closed now and it has closed above 92.50 i think it will go to 94.00 and might go to 95.50 and than come back to break 91.00 level what is your opinion. regards

yes i agree with you.it looks like oil interim support resides at 91.95 level.
  • #248
  • Jan 11, 2014 10:11am Jan 11, 2014 10:11am
Quoting Razi89
{quote} yes i agree with you.it looks like oil interim support resides at 91.95 level.

thanks for your quick reply
MRMALIK1
  • #249
  • Jan 11, 2014 12:38pm Jan 11, 2014 12:38pm
Quoting mrmalik1
{quote} thanks for your quick reply

you always welcome
  • #250
  • Jan 11, 2014 5:40pm Jan 11, 2014 5:40pm
If us bears are lucky we'll go back up and retest the top of this bearish daily channel.
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  • #251
  • Jan 12, 2014 10:07am Jan 12, 2014 10:07am
Nice hammer on daily chart. Good place to go long I think.
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  • #252
  • Jan 12, 2014 10:39pm Jan 12, 2014 10:39pm
Quoting Gopixus
Nice hammer on daily chart. Good place to go long I think. {image}
i personally think well see 0.90xx this week but wont be easy going much lower, there will start adding longs, bearish momentum will be very limited because
usa employment data and the rumors the fed is not going to taper as expected which will weaken the dollar and press commodities up.

market is nervous and very dissapointed, just take a look at yen.
  • #253
  • Jan 13, 2014 5:00am Jan 13, 2014 5:00am
WTI crude market remained below pivot since its has opened it has also broke the 4hr trend line and rsi bearish too i think crude might go down to 91 level to day this is my opinion any comments are welcome.
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MRMALIK1
  • #254
  • Jan 13, 2014 6:09am Jan 13, 2014 6:09am
Quoting Razi89
{quote} sl moved to 91.91 level to lock in some profit.

stop out.book profit 50 points
  • #255
  • Jan 13, 2014 6:11am Jan 13, 2014 6:11am
Quoting mrmalik1
WTI crude market remained below pivot since its has opened it has also broke the 4hr trend line and rsi bearish too i think crude might go down to 91 level to day this is my opinion any comments are welcome. {image}

yes you are right.it might go 91 or even below 90.
but the point is that as a trader what we should do sell????? but right now at what levels what sl would be?
what you think
  • #256
  • Jan 13, 2014 6:21am Jan 13, 2014 6:21am
acidguy you welcome
  • #257
  • Jan 13, 2014 6:50am Jan 13, 2014 6:50am
Quoting Razi89
{quote} yes you are right.it might go 91 or even below 90. but the point is that as a trader what we should do sell????? but right now at what levels what sl would be? what you think
hi razi,

i had 0.2 sell from 92.30 and S/L was 92.50 and t/p 0.1 was 91.90 that gone hit and the second is 91.30 let see what it does my target is 91 today and my second trade is in BE now let see.
MRMALIK1
  • #258
  • Jan 13, 2014 6:54am Jan 13, 2014 6:54am
Quoting mrmalik1
{quote} hi razi, i had 0.2 sell from 92.30 and S/L was 92.50 and t/p 0.1 was 91.90 that gone hit and the second is 91.30 let see what it does my target is 91 today and my second trade is in BE now let see.

well done brother.i think oil is going down to your target.
  • #259
  • Jan 13, 2014 7:03am Jan 13, 2014 7:03am
Quoting Razi89
{quote} well done brother.i think oil is going down to your target.

but now there is bullish engulfing on 1hr TF lets see what is does
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MRMALIK1
  • #260
  • Jan 13, 2014 7:05am Jan 13, 2014 7:05am
for further bearish confirmation need to close 4hr candle below 92
MRMALIK1
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