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Oil and Natural Gas

  • #761
  • Nov 28, 2014 3:07am Nov 28, 2014 3:07am
USOil is poised to slip down to 57s conservatively while anything can happen with oil.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #762
  • Nov 28, 2014 3:15am Nov 28, 2014 3:15am
Just look at usd jpy... Virtually no retrace... This is going down,,, slow activities globally plus us has more oil than the Saudis since August .... Hello cheap fuel... Until 2 planes take out 3 buildings again!
  • #763
  • Nov 28, 2014 4:59am Nov 28, 2014 4:59am
dare to long anyone?
  • #764
  • Nov 28, 2014 5:53am Nov 28, 2014 5:53am
Quoting kweiss10
dare to long anyone?
going up!!!!
  • #765
  • Nov 28, 2014 6:31am Nov 28, 2014 6:31am
usoil current 69.30

weekly
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h4
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Wooooohooooo or Boooooohooooo
  • #766
  • Nov 28, 2014 6:36am Nov 28, 2014 6:36am
monthly view

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Wooooohooooo or Boooooohooooo
  • #767
  • Nov 28, 2014 6:39am Nov 28, 2014 6:39am
Quoting gnomoneey
monthly view {image}
whats the conclusion ???
it will go up to 71.8??
  • #768
  • Nov 28, 2014 8:25am Nov 28, 2014 8:25am
Quoting forexer11
{quote} whats the conclusion ??? it will go up to 71.8??
projected to go down to 65-60, but we will wait and see. Should have kept my shorts in place for BCO but decided to exit before the opec meeting, now I sit and wait for another good short entry before I go long-term long.
  • #769
  • Nov 28, 2014 9:17am Nov 28, 2014 9:17am
Quoting moen
{quote} projected to go down to 65-60, but we will wait and see. Should have kept my shorts in place for BCO but decided to exit before the opec meeting, now I sit and wait for another good short entry before I go long-term long.
opec meeteing after 6 months !?
  • #770
  • Nov 28, 2014 9:35am Nov 28, 2014 9:35am
Tempted to short given the results of the opec meeting, however the gap worries me.

Went back to look at the charts. Gaps are closed usually in a week.

Short or long?
  • #771
  • Nov 28, 2014 9:37am Nov 28, 2014 9:37am
Quoting forexer11
{quote} opec meeteing after 6 months !?
Who cares.

OPEC can survive for years and have the price at lower levels.
Wooooohooooo or Boooooohooooo
  • #772
  • Nov 28, 2014 11:16am Nov 28, 2014 11:16am
placed short on BCO @ 72.84
  • #773
  • Nov 28, 2014 11:48am Nov 28, 2014 11:48am
going back to the depths where it came from
  • #774
  • Nov 28, 2014 12:58pm Nov 28, 2014 12:58pm
Quoting kweiss10
going back to the depths where it came from
100 pips lower than an hour ago!
  • #775
  • Nov 28, 2014 1:29pm Nov 28, 2014 1:29pm
300 pips in almost 4 hours
  • #776
  • Nov 28, 2014 1:34pm Nov 28, 2014 1:34pm
I am new to oil. Is it normal for oil to fall 100s of pips and not even retrace?
  • #777
  • Nov 28, 2014 5:08pm Nov 28, 2014 5:08pm
Quoting kweiss10
I am new to oil. Is it normal for oil to fall 100s of pips and not even retrace?
Yes
Wooooohooooo or Boooooohooooo
  • #778
  • Nov 29, 2014 10:38am Nov 29, 2014 10:38am
Crude oil fall is began with Saudi Arabia cutting oil prices in US and the recent fall is OPEC not cutting production to contain the weakness in crude oil. I have read somewhere it is because of a global effort to damage ISIS. They make a lot of money from smuggling crude oil. Low crude means less money for ISIS. I can almost guarantee you that Iran nuclear talks were extended because US demanded not to cut production in return for an extension and other things. It might sounds like a conspiracy but it will probably be revealed sometime in the next few years. Just remember who told it to you lol
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #779
  • Nov 29, 2014 1:17pm Nov 29, 2014 1:17pm
do you think the oil goes lower
  • #780
  • Nov 30, 2014 3:31am Nov 30, 2014 3:31am
according to ondicators as ma 4h tf and daily it looks oil will go more down may be less than 50 ,,,
please if any body will help us with chart showing fibo level from present price

3nx
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