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Oil and Natural Gas

  • #1,001
  • Feb 17, 2015 1:31pm Feb 17, 2015 1:31pm
These are some of the craziest crude moves I've ever seen. Been watching this market for 3-4 years never seen anything like it. That move up from the lows was psychotic. Think we're going to see a big drop coming days/weeks and then bottom out and rally up to 65 possibly. Wish I had taken my profit earlier, damn.
  • #1,002
  • Feb 17, 2015 1:36pm Feb 17, 2015 1:36pm
If it closes above 54.00 I think we will see more upside rallies in coming days.
  • #1,003
  • Feb 17, 2015 1:41pm Feb 17, 2015 1:41pm
Quoting Ck87
These are some of the craziest crude moves I've ever seen. Been watching this market for 3-4 years never seen anything like it. That move up from the lows was psychotic. Think we're going to see a big drop coming days/weeks and then bottom out and rally up to 65 possibly. Wish I had taken my profit earlier, damn.
exactly what I wanted to ask. I've been at this for a couple of months now and in that time there has been 200-700 pips moves in one day. the standard large movements would be 200 pips.

I was wondering what the largest move you have observed in your 3-4 year expierence?

What's the largest movement that the others here in the forum have observed in their long expierence?
  • #1,004
  • Feb 17, 2015 1:42pm Feb 17, 2015 1:42pm
Quoting kweiss10
{quote} exactly what I wanted to ask. I've been at this for a couple of months now and in that time there has been 200-700 pips moves in one day. the standard large movements would be 200 pips. I was wondering what the largest move you have observed in your 3-4 year expierence? What's the largest movement that the others here in the forum have observed in their long expierence?
% wise it has clearly been the past weeks. This is the craziest I've ever seen crude, and it's always been crazy.
  • #1,005
  • Feb 17, 2015 2:52pm Feb 17, 2015 2:52pm
My opinion $60 first, then drop to new lows, but who knows. Sometimes ascending triangle break to the downside.
Attached Image
Quoting Ck87
{quote} % wise it has clearly been the past weeks. This is the craziest I've ever seen crude, and it's always been crazy.
  • #1,006
  • Feb 17, 2015 2:54pm Feb 17, 2015 2:54pm
Quoting SunTrader
{quote} And that will happen when the Euro/Yen/Pound/Ruble/etc etc etc get their acts together. In other words, no time soon.
No that happens when people realize how overvalued the dollar is already and that could be before 2016 i guess. By the way oil could still move higher this week
  • #1,007
  • Feb 17, 2015 3:12pm Feb 17, 2015 3:12pm
Quoting alayinizAMK
$10 oil??? i hope for it but it is naive to believe that in todays violent enviroment. Oil can go down as long dollar goes up. When the dollars show is over all commodities will gain and oil is not excluded.
Hi All

I think a 10$ oil will bring financial collapse worldwide and the possibility of political instability which could manifest as wars e.t.c We need to be careful what we wish for imho

Olu
If you think you can or cannot do it you are correct
  • #1,008
  • Feb 17, 2015 3:14pm Feb 17, 2015 3:14pm
It will break to the upside on fourth attempt, could pierce bottom channel first.
Quoting OpenRoad
My opinion $60 first, then drop to new lows, but who knows. Sometimes ascending triangle break to the downside.{image}{quote}
  • #1,009
  • Feb 17, 2015 5:13pm Feb 17, 2015 5:13pm
Quoting OpenRoad
It will break to the upside on fourth attempt, could pierce bottom channel first.{quote}
My target is $65 on upside, then I will really go after it, with a $35 downside target, later this year.
  • #1,010
  • Feb 17, 2015 5:34pm Feb 17, 2015 5:34pm
Quoting Olu
{quote} Hi All I think a 10$ oil will bring financial collapse worldwide and the possibility of political instability which could manifest as wars e.t.c We need to be careful what we wish for imho Olu
Oil was at $20 in 2002 there is an over supply the only war that will break out is at the bowser if these pricks keep jacking up petrol prices by 20% on a $2 per oil barrel retracement .
  • #1,011
  • Feb 17, 2015 5:48pm Feb 17, 2015 5:48pm
Quoting lasty
{quote} Oil was at $20 in 2002 there is an over supply the only war that will break out is at the bowser if these pricks keep jacking up petrol prices by 20% on a $2 per oil barrel retracement .
I hear you lasty. however we are not in 2002 now. things have moved on since then. world debt has increased etc so 10$ oil will not be good imho
If you think you can or cannot do it you are correct
  • #1,012
  • Feb 17, 2015 6:32pm Feb 17, 2015 6:32pm
Quoting Olu
{quote} I hear you lasty. however we are not in 2002 now. things have moved on since then. world debt has increased etc so 10$ oil will not be good imho
Commodities have been falling for awhile now and oil has played catch up.

Yes there is Geo political tension and since 2008 the CB's have kicked the debt can down the road hoping it will go away .

So its slowly starting to come to a head.
  • #1,013
  • Feb 17, 2015 7:30pm Feb 17, 2015 7:30pm
Quoting alayinizAMK
{quote} No that happens when people realize how overvalued the dollar is already and that could be before 2016 i guess. By the way oil could still move higher this week
There is no such thing as undervalued/overvalued or overbought/oversold. There is just price.
  • #1,014
  • Feb 18, 2015 2:30am Feb 18, 2015 2:30am
Quoting jasakreatif
{quote} profit taken, i dont like consilidation , eventhough trend look down shortterm {image}
dunno whats goin on now , i taken long gold , but this one look wanna down again

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  • #1,015
  • Feb 18, 2015 8:34am Feb 18, 2015 8:34am
Quoting jasakreatif
{quote} dunno whats goin on now , i taken long gold , but this one look wanna down again {image}
profit taken

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  • #1,016
  • Feb 18, 2015 8:39pm Feb 18, 2015 8:39pm
Chart shows declining volume (other than a couple of meaningless spikes) . Not exactly what you want to see if you are bullish:
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  • #1,017
  • Feb 18, 2015 9:03pm Feb 18, 2015 9:03pm
long

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  • #1,018
  • Feb 19, 2015 9:08am Feb 19, 2015 9:08am
long again

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  • #1,019
  • Feb 19, 2015 10:42am Feb 19, 2015 10:42am
Quoting jasakreatif
long again {image}
yihaa . someone cacth this ?

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  • #1,020
  • Feb 21, 2015 8:34pm Feb 21, 2015 8:34pm
Target at the lows... hyper bearish on crude. Whole rally to 54 was just a normal reaction, not a trend change, nothing has changed. Look out below in coming weeks/months. New lows @35 later this year.
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