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Attachments: US Crude Oil with smart VSA and Dark Seasons [only]
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US Crude Oil with smart VSA and Dark Seasons [only]

  • #301
  • Jan 15, 2015 6:25am Jan 15, 2015 6:25am
Quoting ClockTrader
{quote} It appears to be going up atm.. My sentiment remains Oil Up..
A battle for the 50 level but I still think unfinished business at lower levels..... certainly going up right now though.
  • #302
  • Jan 15, 2015 6:34am Jan 15, 2015 6:34am
Figured we'd retest 50... don't think it's going to go much further..yet... but it could explode for sure.
  • #303
  • Jan 15, 2015 6:49am Jan 15, 2015 6:49am
Quoting ClockTrader
{quote} It appears to be going up atm.. My sentiment remains Oil Up..
VSA not showing you bearish indications on this recent run up this morning? Certainly is for me but I shorted a bit too early, Need to be more patient right now as crude is becoming more bullish and will be more violent to the upside.
  • #304
  • Jan 15, 2015 7:25am Jan 15, 2015 7:25am
Quoting Ck87
{quote} VSA not showing you bearish indications on this recent run up this morning? Certainly is for me but I shorted a bit too early, Need to be more patient right now as crude is becoming more bullish and will be more violent to the upside.
There was a peak-out yesterday, but, then that correction fixed it.. Right now, there is some volatility on M15 though

Yea, there is supposed to be some resistance in 50 range.. mostly in the 52-59 area..

Dark Seasons are playing out well..
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  • #305
  • Jan 15, 2015 7:41am Jan 15, 2015 7:41am
Welp, that's certainly quite a move.
  • #306
  • Jan 15, 2015 7:45am Jan 15, 2015 7:45am
Quoting ClockTrader
{quote} There was a peak-out yesterday, but, then that correction fixed it.. Right now, there is some volatility on M15 though Yea, there is supposed to be some resistance in 50 range.. mostly in the 52-59 area.. Dark Seasons are playing out well.. {image}
seems a bit stretched here... what's your price target around? $55-60 a barrel?
  • #307
  • Jan 15, 2015 7:52am Jan 15, 2015 7:52am
Finally some resistance @ 50-51

I'll begin hedging now.. only begin.. add only if it falls..
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  • #308
  • Jan 15, 2015 7:54am Jan 15, 2015 7:54am
Quoting Ck87
{quote} seems a bit stretched here... what's your price target around? $55-60 a barrel?
By June we should reach 80-100 or above.. IMO.. this is based on Dark Seasons..
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  • #309
  • Jan 15, 2015 8:28am Jan 15, 2015 8:28am
Quoting ClockTrader
{quote} By June we should reach 80-100 or above.. IMO.. this is based on Dark Seasons..
That isn't happening IMO. I've called this crash a year and half ago. $50-$65 will be the new normal.
Still some unfinished business below 50, but overall it is time to start looking for longs on big dips, targeting high 50s -65 area i think... good luck buddy
  • #310
  • Jan 15, 2015 8:40am Jan 15, 2015 8:40am
my broker emailed me from yesterday which tonight is expiry of US oil contracts and all positions will be closed automatically.
unfortunately I lost $$$$ in my sell position,
I think that all things are for outing small players like me, and tomorrow we will see another bearish move.
  • #311
  • Jan 15, 2015 8:59am Jan 15, 2015 8:59am
I agree Arshamv,

this looks like a nice shake out and possible lower prices to come.

In my opinion it might not finish going down until something somewhere on this world snaps. Oil is going down for a reason.
  • #312
  • Jan 15, 2015 9:23am Jan 15, 2015 9:23am
Quoting rockya1
I agree Arshamv, this looks like a nice shake out and possible lower prices to come. In my opinion it might not finish going down until something somewhere on this world snaps. Oil is going down for a reason.
It should be capped at 65 a barrel or so , sometime this year... February/May should be the start of some nice strength.
  • #313
  • Jan 15, 2015 9:30am Jan 15, 2015 9:30am
Quoting Ck87
{quote} That isn't happening IMO. I've called this crash a year and half ago. $50-$65 will be the new normal. Still some unfinished business below 50, but overall it is time to start looking for longs on big dips, targeting high 50s -65 area i think... good luck buddy
Quoting Ck87
{quote} It should be capped at 65 a barrel or so , sometime this year... February/May should be the start of some nice strength.
Jan & Feb are going to be volatile up/down, the Jan bottom should remain in place.. then in Mar & May it'll climb & stay nicely on the top IMO..

After Feb.. its supposed to climb higher & higher until June start.. unless a catastrophe takes place.

This is based on past trends..
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  • #314
  • Jan 15, 2015 9:34am Jan 15, 2015 9:34am
Quoting Arshamv
my broker emailed me from yesterday which tonight is expiry of US oil contracts and all positions will be closed automatically. unfortunately I lost $$$$ in my sell position, I think that all things are for outing small players like me, and tomorrow we will see another bearish move.
Which country is your broker located in?
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  • #315
  • Jan 15, 2015 9:35am Jan 15, 2015 9:35am
Does anyone know when the expiry in NYMEX takes place?
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  • #316
  • Jan 15, 2015 9:36am Jan 15, 2015 9:36am
Quoting ClockTrader
{quote} {quote} Jan & Feb are going to be volatile up/down, the Jan bottom should remain in place.. then in Mar & May it'll climb & stay nicely on the top IMO.. After Feb.. its supposed to climb higher & higher until June start.. unless a catastrophe takes place. This is based on past trends..
Yes I expect this. weakness till Feb area, then strength probably picks up , but certainly no $80 a barrel, 65-70 no more than that. Could always be wrong I guess Man, the currency markets going nuts. Nothing compares to being short Eur with 1.0 target. This will happen within 2 years i'm sure of that more than anything else.
  • #317
  • Jan 15, 2015 9:54am Jan 15, 2015 9:54am
Quoting Ck87
{quote} Yes I expect this. weakness till Feb area, then strength probably picks up , but certainly no $80 a barrel, 65-70 no more than that. Could always be wrong I guess Man, the currency markets going nuts. Nothing compares to being short Eur with 1.0 target. This will happen within 2 years i'm sure of that more than anything else.
I agree with your Euro target..

IF I can trade Crude right, even 60 would be fine, I'll target June though.. whatever the high, I'll take it..

But right now, I need to trade this thing right..

Been hedging the longs.. placing SL below shorts @ BE..
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  • #318
  • Jan 15, 2015 10:27am Jan 15, 2015 10:27am
Quoting ClockTrader
{quote} I agree with your Euro target.. IF I can trade Crude right, even 60 would be fine, I'll target June though.. whatever the high, I'll take it.. But right now, I need to trade this thing right.. Been hedging the longs.. placing SL below shorts @ BE..
These are the best markets possible for traders. Nothing like it. Specifically USD strength and shorting crude for a while now. Of course crude short term trend will change soon. USD strength is here to stay.
  • #319
  • Jan 15, 2015 11:15am Jan 15, 2015 11:15am
Quoting ClockTrader
{quote} Which country is your broker located in?
hi CT
my broker is HOT FOREX
and end of tonight is expiry
  • #320
  • Jan 15, 2015 1:29pm Jan 15, 2015 1:29pm
it is like a joke, they moved oil price $6 up and then down, only for our stops and our money
it is a dirty game
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