Oil and Natural Gas

Short from 48 targeting 46 and 45.3 intraday based on fibs

SL PLZ

161.8 now reached.

Short at 49 also longer target of 42-40

Those above expected barrels of oil in the report made many small traders short oil which in term gave big time investors a lot of stop losses to take out

400 pips up and down. anyone have an idea what caused the move?

February contract expiry probably which i also had forgot to account

I would not waste time trying to figure out of this move, better focus on future, fundamental factors didn't change so 40 USD is still the level where we are heading for.

heard it was eminent hedge on chf losses. so killing good trades to hedge the loss on chf

usoil current 48.85

-watching 50.44 for penetration or resistance

hi guys ive a quesiton as a new trader - have done a lot of background study on trading and oil but still new

with a small account say 5-10k usd what do you guys try to get out of oil each day/week/month, eg i was thinking of trading 1000 untis short looking for a 1 dollar move that would make me 660 usd lets say, im trying to develop a strategy to scalp and another strategy to let trades run, im calling it the "banker" and the "runner" - so when i place a trade i might do two 500 units looking to watch price action, place trade well, see if it moves 10-15 cent off and then bring stop into break even, if i get stopped out ok, but hopefully every few times ill get break out price move, then i close the banker at say 100-200 profit by bringing stop to say 20 cents off original price entry, then i let the other trade run with stop at break-even, hoping for larger move - worse case i win 100-200 and best case both trades or one trades runs away to a dollar giving me 660 profit --- i just need one of these sorts of wins per day to be having a good life

i dont have a big enough account to trade time, eg days and weeks, unless i trade very small

what kind of strategy do you guys employ and what kind of risk reward do you work to on oil

ps ive been watching oil every day for three months - kicking myself i didnt get into trading a year ago when i would have grasped the fall in oil trend, sold at 100 and kept adding in shorts each ten dollars down - by now id own my own apartment

glad I didn't touch it despite of all sma support, (monthly 300) if "they" wants to bring it down they will do it not looking on technicals ..., congrats who short it...

I expect oil to fall lower following the death of the saudi king and the comment of the new king who wants to proceed with the previous policies on oil.

I think This is first time we here that OPEC is hurting from all this supply.
Are we in a start of decreasing production?

http://www.forexfactory.com/news.php?do=news&id=523560

always fascinated with triangles let's see how this will work
U.S CRUDE OIL / FUTURE M15

bulls trying to close the week up?

Here's my count.. temp bottom wave 3 of 5

Probably a good level to take some longs with stops below lowest level!

I can HARDLY wait for the begining of this week! Questionable how far the minus rig count & fourth quarterly US GDP will swing this boat up the latter... I`m pacing whether or not to scalp a bull from the kick off or patiently wait for a spike to go bear again!
Technically speaking, still waiting for this b.tch to crack the $40 before any long term bulls set into books!
Anywhere from $49-$52 looks like MASSIVE resistance, although I wouldn`t mind the scalp if it where to back near the $49/50 territory...

sideways market last week had me waiting for the Swiss money mechanics to produce some quantative easing action... oil is so much BETTER!

Tomorrow, UK may give some tax breaks to oil producers, pro^longing the envitable ... drill baby drill

Levels I'm looking at

People arent spending their saved gas loot, they are saving it. Less products, less factory production in China, less oil used. Unless we get on with this new thing on the Ukaraine or Baker & Hughes gives us another super minus count on the rigs, etc., my bias is still bear, looking for high points with SL planted still on the profit side of the line for extra precaution...
Thanks for your phone chart GNOMoney! Very nice! suprising how many years you can back that up to on your phone!