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Oil and Natural Gas

  • #741
  • Nov 27, 2014 10:26am Nov 27, 2014 10:26am
SELL OIL SELL!! 65 target!! FAST!!
  • #742
  • Nov 27, 2014 10:27am Nov 27, 2014 10:27am
My pants are slipping with every tick down in OIL charts
  • #743
  • Nov 27, 2014 10:29am Nov 27, 2014 10:29am
Quoting Forexgain
My pants are slipping with every tick down in OIL charts
SELL SELL!!
  • #744
  • Nov 27, 2014 10:30am Nov 27, 2014 10:30am
yeah apparently 65 is the target, poor American traders, not getting a break for thanksgiving. lets watch where this is gonna open in australia
  • #745
  • Nov 27, 2014 10:31am Nov 27, 2014 10:31am
Totally letting the greed soak up, loaded up 3 times already, tp, than loaded again! Just waiting for the big players to tp before we see a bounce, perhaps around 65？
  • #746
  • Nov 27, 2014 10:33am Nov 27, 2014 10:33am
WELL my tp is 65... but this is timely... if it breaks to 60 i think the real price will stay between 70-65!!
  • #747
  • Nov 27, 2014 10:34am Nov 27, 2014 10:34am
Quoting DaTokyoHustl
Totally letting the greed soak up, loaded up 3 times already, tp, than loaded again! Just waiting for the big players to tp before we see a bounce, perhaps around 65？
Considering this price action i can only call it a brutal SL hunting. I am not sure but i think we might close above 70 today...!
  • #748
  • Nov 27, 2014 10:37am Nov 27, 2014 10:37am
I don't think that is sl hunting ....
  • #749
  • Nov 27, 2014 10:37am Nov 27, 2014 10:37am
Quoting Forexgain
{quote} Considering this price action i can only call it a brutal SL hunting. I am not sure but i think we might close above 70 today...!
YES 70 close makes sense!! since they didn't cut production i doubt it will close in the 60s range... I'm buying now to 70-72!!
  • #750
  • Nov 27, 2014 10:41am Nov 27, 2014 10:41am
Seems like an overreaction to me? Nobody was really expecting OPEC to cut production today, so why the shock reaction from the market? Weird...
"Where you want to be is always in control, never wishing, always trading.
  • #751
  • Nov 27, 2014 10:42am Nov 27, 2014 10:42am
Highest h4 volume since months, if not years. No surprise if we end the bearish momentum around here, or a bit lower to get some stops, then back up
COT: The precious data ignored
  • #752
  • Nov 27, 2014 11:25am Nov 27, 2014 11:25am
Quoting Spec_And
Seems like an overreaction to me? Nobody was really expecting OPEC to cut production today, so why the shock reaction from the market? Weird...
always the case with energy cmd
  • #753
  • Nov 27, 2014 11:29am Nov 27, 2014 11:29am
look usdcad....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
resilience....
  • #754
  • Nov 27, 2014 12:40pm Nov 27, 2014 12:40pm
This is not sl hunting bit a reaction to no action by OPEC

there is a definite coordination between OPEC and USA to drop oil prices.
One hurt Russian
stimulate USA economy by making people move with their vehicles and people going out
Wooooohooooo or Boooooohooooo
  • #755
  • Nov 27, 2014 8:38pm Nov 27, 2014 8:38pm
Quoting poseikwame
{quote} YES 70 close makes sense!! since they didn't cut production i doubt it will close in the 60s range... I'm buying now to 70-72!!
Some backwards logic, needless to say, you're a lot more brave than me to buy anything in this market.
how do you figure that NOT cutting production would rebound the price up in the 70's again?

I can respect a price bounce given that it is probably super over sold....
  • #756
  • Nov 27, 2014 8:40pm Nov 27, 2014 8:40pm
...all the newfies in Ft Mac Alberta Canada are about to get sent packing back to the Atlantic to go and ruin their coast some more instead of central Canada....
  • #757
  • Nov 27, 2014 8:42pm Nov 27, 2014 8:42pm
Housing prices are similar to Vancouver! Man did they get ripped off... Especially if they get laid off or take a pay cut, good luck paying that mortgage in their soon to be ghost town oil patch
  • #758
  • Nov 27, 2014 9:55pm Nov 27, 2014 9:55pm
Quoting forexer11
whats up? they decrease production or not?
no production cut, and venezuela looks angry (but the said no)
the ceiling level still 30 million barrel per day
Saudi may be pursuing market share, instead of higher price
.........

Still bearish for all commo
  • #759
  • Nov 28, 2014 2:53am Nov 28, 2014 2:53am
Now appears to be the time to scalp a bull... Not my flavour though, too risky,, I'm holding out to go bear again soon...
  • #760
  • Nov 28, 2014 3:03am Nov 28, 2014 3:03am
This thing fell so steep yesterday. There has to be some retrace or even profit taking bound. What I dont get is why it fell that much although there was no suprise in the OPEC news. Any ideas on which way this is headed?
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