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Oil and Natural Gas

  • #1,101
  • Mar 11, 2015 2:48pm Mar 11, 2015 2:48pm
maybe... hope this resumes

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  • #1,102
  • Mar 11, 2015 3:08pm Mar 11, 2015 3:08pm
Nah, it will go down now, too many peeps in long positions were trapped yesterday, also oil has oversupply and TA looks good for shorts...
  • #1,103
  • Mar 11, 2015 3:49pm Mar 11, 2015 3:49pm
Quoting DaTokyoHustl
Are we on the verge ....
I don't know about you but I trade what the chart shows and not the news is or what the opinionheads say.

But I take it you don't have a chart showing a US$ collapse anytime soon?
  • #1,104
  • Mar 11, 2015 3:55pm Mar 11, 2015 3:55pm
Quoting vaidas7777
Nah, it will go down now, too many peeps in long positions were trapped yesterday, also oil has oversupply and TA looks good for shorts...
i would short right now i was as sure as you i think
  • #1,105
  • Mar 11, 2015 4:15pm Mar 11, 2015 4:15pm
On WTI its all about 48.50
  • #1,106
  • Mar 12, 2015 7:04am Mar 12, 2015 7:04am

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  • #1,107
  • Mar 12, 2015 7:14am Mar 12, 2015 7:14am
Gold moves oil, and oil moves nok & cad. im waiting for one of the best moves in oil soon. Break 50 and maybe close to 60 time will show. But in the meantime im going to punish some more eur/nok. So many factors not to short oil atm is going through my head but wont lay it all down here its too much. Oil - gold is the best place to look for evidence in markets atm.
  • #1,108
  • Mar 12, 2015 7:52am Mar 12, 2015 7:52am
Quoting alayinizAMK
Gold moves oil, and oil moves nok & cad. im waiting for one of the best moves in oil soon. Break 50 and maybe close to 60 time will show. But in the meantime im going to punish some more eur/nok. So many factors not to short oil atm is going through my head but wont lay it all down here its too much. Oil - gold is the best place to look for evidence in markets atm.
hi friend,
I think your nick comes from Turkish,right ? )
  • #1,109
  • Mar 12, 2015 8:49am Mar 12, 2015 8:49am
yes friend im pi$man but cant be changed now
  • #1,110
  • Edited 9:49am Mar 12, 2015 9:21am | Edited 9:49am
Quoting alayinizAMK
Gold moves oil, ...
Correlation of oil to gold is currently 0.33 which is not really much at all.
  • #1,111
  • Mar 12, 2015 9:50am Mar 12, 2015 9:50am
Quoting SunTrader
{quote} Correlation of oil to gold is 0.33 which is not really much.
im not looking at statistic correlations though i understand what you mean. Correlations appear and disappear depending on the situation imo, no correlation goes on forever you have to spot them here and now and if possible before they even happen. Im just expecting the long term money to leave gold and enter oil simple as that but might still be a wrong strategy.
  • #1,112
  • Mar 12, 2015 11:40am Mar 12, 2015 11:40am
Quoting alayinizAMK
{quote} im not looking at statistic correlations though i understand what you mean. Correlations appear and disappear depending on the situation imo, no correlation goes on forever you have to spot them here and now and if possible before they even happen. Im just expecting the long term money to leave gold and enter oil simple as that but might still be a wrong strategy.
Right now we're in that support zone i think you mentioned, thinking about bull?
  • #1,113
  • Mar 12, 2015 11:53am Mar 12, 2015 11:53am
guys, ony opinion on this longer term support?
  • #1,114
  • Mar 12, 2015 11:56am Mar 12, 2015 11:56am
Quoting SunTrader
{quote} I don't know about you but I trade what the chart shows and not the news is or what the opinionheads say. But I take it you don't have a chart showing a US$ collapse anytime soon?
I'm mostly fundamental, thus i do commodities…US$ i'm looking at the gigantic derivative bubble and NASDAQ … In the meantime, might as well bull the $hit out of the USD… obviously would lose money going against the grain💸👍
  • #1,115
  • Mar 12, 2015 11:58am Mar 12, 2015 11:58am
Quoting DaTokyoHustl
{quote} I'm mostly fundamental, thus i do commoditiesUS$ i'm looking at the gigantic derivative bubble and NASDAQ In the meantime, might as well bull the $hit out of the USD obviously would lose money going against the grain💸👍
S & P 500 as well…
  • #1,116
  • Mar 12, 2015 12:04pm Mar 12, 2015 12:04pm
I nearly clocked out my last trade @ 51.50 when it almost touched 49… glad i hung on 😅
  • #1,117
  • Mar 12, 2015 12:11pm Mar 12, 2015 12:11pm
Quoting DaTokyoHustl
{quote} Right now we're in that support zone i think you mentioned, thinking about bull?
Yes still l within limits. But now i think some kind of a triangle or range should apper otherwise must go down as a fail.
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  • #1,118
  • Mar 12, 2015 12:42pm Mar 12, 2015 12:42pm
Quoting alayinizAMK
yes friend im pi$man but cant be changed now
) why you pişman ) it is challenge in our language and eagle also ,i liked it

take care and good luck
  • #1,119
  • Mar 12, 2015 1:17pm Mar 12, 2015 1:17pm
Quoting DaTokyoHustl
{quote} I'm mostly fundamental, thus i do commoditiesUS$ i'm looking at the gigantic derivative bubble and NASDAQ In the meantime, might as well bull the $hit out of the USD obviously would lose money going against the grain💸👍
Trying to pick bottoms (or tops) especially using fundamentals is a recipe for disaster.
  • #1,120
  • Mar 12, 2015 2:53pm Mar 12, 2015 2:53pm
Quoting DaTokyoHustl
{quote} Right now we're in that support zone i think you mentioned, thinking about bull?
if something like this happens i will buy the dips below the center dot line. If price gets past 46.25 on my chart im out and need to reconsider.

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