Oil and Natural Gas | Page 31 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Natural gas trading 113 replies

Natural Gas Stopped out Bad start 8 replies

Why is natural gas going down? 6 replies

Differences in Oanda natural gas prices? 6 replies

natural gas - 10 consecutive red candles in a row 10 replies

Attachments: Oil and Natural Gas
Exit Attachments

Oil and Natural Gas

  • #601
  • Jul 22, 2014 11:28am Jul 22, 2014 11:28am
Quoting Ck87
Apparently no end in sight for this NG sell off.. I was super bearish at 4.8 but this just seems way oversold short term but the mkt doesn't care what i think.. oh well.
I would think Ng is seasonal pricing.
Therefore summer no demand and winter demand.
Wooooohooooo or Boooooohooooo
  • #602
  • Jul 22, 2014 11:47am Jul 22, 2014 11:47am
Looking at the minor wave count it could be heading for the 3.74 area just under the channel line. I think I'l put a buy stop at 3.80 and let it comes back up, before I go to bed.
Attached Image (click to enlarge)
Click to Enlarge Name: NGASM5 05.png Size: 25 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #603
  • Jul 22, 2014 12:13pm Jul 22, 2014 12:13pm
I'm sure it's bottomed now because I covered… Go long and you'll make a few 100 points no doubt.
  • #604
  • Jul 22, 2014 12:18pm Jul 22, 2014 12:18pm
Quoting Ck87
I'm sure it's bottomed now because I covered… Go long and you'll make a few 100 points no doubt.
May the green pips be with us.
Elliott Wave for optimum entry, exit and risk management of trades
  • #605
  • Jul 23, 2014 1:34am Jul 23, 2014 1:34am
NGas
The wave count from the top of 4.80 wave C down is complete, thus completing larger wave a (white). If it doesn't go further south, it's looking at a reversal or a trend change. Setting up for a 3 legged wave b up to top of [a] near 6.40.
However, this wave will be corrective and unpredictable, especially in the middle section where wave x is, to be trade with caution.
Attached Image (click to enlarge)
Click to Enlarge Name: NGASDaily 06.png Size: 39 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #606
  • Jul 23, 2014 7:18pm Jul 23, 2014 7:18pm
Glad I got out, however it does seem 3.731 could be good support for NG. It will still probably head way lower over next year or so…. but it's at least unlikely that it doesn't get a decent few 100 point rally not too far from here to go back to the 4 level at very least..


Oil spanked me nicely for not taking my $1 profit and now back over 103… not sure where we're heading from here, but I still think a retest of 100 coming.
  • #607
  • Edited 11:52pm Jul 24, 2014 11:07pm | Edited 11:52pm
By luck, I'm still holding on a 3.80 long. However, the setting up for longs is only just beginning. Breaking those channel lines above would confirm uptrend.
Attached Image (click to enlarge)
Click to Enlarge Name: NGASH1 07.png Size: 33 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #608
  • Jul 30, 2014 6:31pm Jul 30, 2014 6:31pm
Oil below 100 now…. looks nasty bearish to me. Think we could go to sub 90 levels this year.
  • #609
  • Jul 30, 2014 7:23pm Jul 30, 2014 7:23pm
Quoting gnomoneey
{quote} instead of bullish crab the pattern now is bullish butterfly x=85.41 a=112.21 b=91.41 c=105.19 d=78.41?
is this what being played....but if usd is bullish then we bounce off this fib level to 115.xx
Attached Image (click to enlarge)
Click to Enlarge Name: usoiljuly302014w1.png Size: 120 KB
Wooooohooooo or Boooooohooooo
  • #610
  • Aug 4, 2014 8:07am Aug 4, 2014 8:07am
Test of 96.50 TL imminent ?
Attached Image (click to enlarge)
Click to Enlarge Name: 1WklyLC.png Size: 12 KB
Hear the music before the song is over ...
  • #611
  • Aug 4, 2014 8:18am Aug 4, 2014 8:18am
Quoting GlobalMacro
Test of 96.50 TL imminent ? {image}
Bounce or penetrate.
Wooooohooooo or Boooooohooooo
  • #612
  • Aug 4, 2014 8:50am Aug 4, 2014 8:50am
Quoting gnomoneey
{quote} Bounce or penetrate.
Brent's already out to the cleaners . Will Light follow suit ? ..... spread around $7.01
Attached Image (click to enlarge)
Click to Enlarge Name: 1WklyBC.png Size: 13 KB
Hear the music before the song is over ...
  • #613
  • Aug 4, 2014 9:45am Aug 4, 2014 9:45am
Quoting skyhok
By luck, I'm still holding on a 3.80 long. However, the setting up for longs is only just beginning. Breaking those channel lines above would confirm uptrend. {image}
Skyhok i Really like your analysis. But be aware that there can be a last very sharp move down. The reason is we both expect a major reversal and before that something dramatic usually happens. I think the move could be sharp and that is due to, both i and ii is a bit complex.
Attached Image (click to enlarge)
Click to Enlarge Name: NaturalGasH1.png Size: 23 KB

Attached Image (click to enlarge)
Click to Enlarge Name: NaturalGasDaily.png Size: 33 KB
  • #614
  • Aug 4, 2014 10:09am Aug 4, 2014 10:09am
Quoting ottmnslap
{quote} Skyhok i Really like your analysis. But be aware that there can be a last very sharp move down. The reason is we both expect a major reversal and before that something dramatic usually happens. I think the move could be sharp and that is due to, both i and ii is a bit complex. {image} {image}
sorry, I mean i and iii
  • #615
  • Aug 6, 2014 1:28am Aug 6, 2014 1:28am
Light Oil. The main level in 100$ was broken. Next level 90$ in longterm period. For today 97.50 plays. As for me, better to find the place where to short
Attached Image (click to enlarge)
Click to Enlarge Name: 123456789.jpg Size: 103 KB
  • #616
  • Aug 6, 2014 3:10am Aug 6, 2014 3:10am
Looking for a retrace of Gas, up inside 4.040/60. And next leg up to 4.180/200.

All eyes on Gas storage tomorrow.

We had a 1000 pips drop without any retrace at all. Probabilities are for one.
COT: The precious data ignored
  • #617
  • Aug 7, 2014 4:40am Aug 7, 2014 4:40am
Quoting GlobalMacro
Test of 96.50 TL imminent ? {image}
There ya go 96.50s , now bounce ?

Attached Image (click to enlarge)
Click to Enlarge Name: 1WklyLC.png Size: 13 KB
Hear the music before the song is over ...
  • #618
  • Aug 7, 2014 4:43am Aug 7, 2014 4:43am
Good one GlobalMacro:
however I would not be surprised if today strict SL towards lows get triggered before the pull back starts.
  • #619
  • Aug 7, 2014 6:20am Aug 7, 2014 6:20am
Quoting GlobalMacro
{quote} There ya go 96.50s , now bounce ? {image}
something to think about.......
pay attn. to the red tl from 2008
also same tl you're pointing out
but also pay attn. aqua ab=cd
-your red tl is 50% of the ab=cd
Attached Image (click to enlarge)
Click to Enlarge Name: usoilaug72014w1.png Size: 104 KB


now pay attn. to aqua horizontal lines
those corresponse to about 78% retracement from those peaks you have your tl...
-95.86 is from your last right retracement
-91.30 is from the middle largest peak
-86.46 is from left peak retracement -which is target of ab=cd
Attached Image (click to enlarge)
Click to Enlarge Name: usoilaug72014d1.png Size: 115 KB


fib all the major rise n fall since 2010 and you'll understand....ratio is always 78%-88%
next if you can fib the 2004 bottom/top/bottom....ratio is around 78%-88%
Wooooohooooo or Boooooohooooo
  • #620
  • Aug 7, 2014 6:43am Aug 7, 2014 6:43am
hi all, first post in this thread.

I had moderate success swing trading oil in the past.

what do you think of that idea :

West applying sanctions to Russia. One would think that lowering price of oil could be another piece in the pipeline. Actually maybe already happening.

That means one should be bearish till Russian thing is over ...

see any holes in this logic ?
3 traders viewing now