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Oil and Natural Gas

  • #1,161
  • Mar 16, 2015 6:19pm Mar 16, 2015 6:19pm
Ok, on H4 resistance showed it's presence. Also 70 percent of traders sits in longs. Let's have a ride... down... Stop with minimum pips is good on h1...
  • #1,162
  • Edited 11:42pm Mar 16, 2015 10:51pm | Edited 11:42pm
Possible setup of NGas on a 5th wave down towards a 'rock' bottom near 2.20.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #1,163
  • Mar 17, 2015 5:31am Mar 17, 2015 5:31am
Quoting SunTrader
{quote} Don't forget there is also FOMC statement (after 2 day meeting starting tmrw) that day as well.
yup, solar eclipse on the 20th gonna short the spx, I think last time there was one the market fell of a cliff
  • #1,164
  • Mar 17, 2015 7:08am Mar 17, 2015 7:08am
shorts until 39-40 and longs right after

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  • #1,165
  • Mar 17, 2015 7:54pm Mar 17, 2015 7:54pm
Quoting OpenRoad
{quote}yup, solar eclipse on the 20th gonna short the spx, I think last time there was one the market fell of a cliff
On friday I have read here will be solar eclipse, supermoon and spring day? in one day, and on those days markets are dead... No liquidity.
  • #1,166
  • Mar 17, 2015 11:13pm Mar 17, 2015 11:13pm
Quoting alayinizAMK
shorts until 39-40 and longs right after {image}
This is exactly the are that I am also expecting a moderate bounce 38.5 - 40...
however, I am also wondering what effects tomorrows meeting will bring. I weaking of the USD may or may not effect... economic data from the US hasnt even phased this last drop...
insights from anyone?
  • #1,167
  • Mar 17, 2015 11:27pm Mar 17, 2015 11:27pm
I guess what Im looking for is a couple or few days of REALLY BIG dips... perhaps in the low 30`s or even into the 20`s... something to coordinate with the effect of 2008 data. that is when Im looking out for the true bottom...
as snap instant US interest rate hike compiled with high WTI oil inventories may sink this ship to those ideals?
WHatever it may be....
  • #1,168
  • Mar 18, 2015 12:43am Mar 18, 2015 12:43am
Yesterdays oil move was caused by the pre-released oil inventory numbers. So today when the numbers are officially released, will there still be a move?

American Petroleum Institute data out a little earlier shows U.S. crude inventories rose last week, while gasoline and distillate stocks drew
via Reuters:

  1. Crude inventories rose by 10.5 million barrels in the week to March 13 to 450 million, compared with analysts' expectations for a increase of 3.8 million barrels
  2. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 3 million barrels
  3. Refinery crude runs rose by 82,000 barrels per day
  4. Gasoline stocks fell by 583,000 barrels (expectations in a Reuters poll for a 883,000-barrel decline)
  5. Distillate fuels stockpiles fell by 252,000 barrels (expectations for a 1.1 million-barrel drop)
  6. Weekly refinery capacity utilization up 0.2% to 87.7%

  • #1,169
  • Mar 18, 2015 1:31am Mar 18, 2015 1:31am
[quote=DaTokyoHustl;8144509]{quote} This is exactly the are that I am also expecting a moderate bounce 38.5 - 40... however, I am also wondering what effects tomorrows meeting will bring. I weaking of the USD may or may not effect... economic data from the US hasnt even phased this last drop... insights from anyone?[/quote

BOE and FED today? price stagnated? its getting more confusing but eur/nok looks very bullish for this week so maybe oil as far down as 35? I am looking for gold to drop before this will reverse for sure and when oil shows signs of strenght its probably time for higher rates or the reverse. High dollar+higher crude
  • #1,170
  • Mar 18, 2015 11:33am Mar 18, 2015 11:33am
what is pushing oil up 4%? may rise even more by the looks of it
  • #1,171
  • Mar 18, 2015 1:05pm Mar 18, 2015 1:05pm
sup with oil?
  • #1,172
  • Mar 18, 2015 3:21pm Mar 18, 2015 3:21pm
Quoting alayinizAMK
sup with oil?
You need to follow the news man, oil is almost entirely fundamental, Federal reserve meeting, Yellen sounded dovish, weakened up the USD, Possible good spot to go short again! Im getting loaded up with tight SL
  • #1,173
  • Mar 18, 2015 3:23pm Mar 18, 2015 3:23pm
I mentioned it on Monday, today at 200pm NY was release FOMC statement. Which was taken as bullish for stocks and bearish for U.S.D. so some crude buyers came in as well. Most likely though is was more short covering than new longs.
  • #1,174
  • Mar 18, 2015 3:55pm Mar 18, 2015 3:55pm
Quoting SunTrader
I mentioned it on Monday, today at 200pm NY was release FOMC statement. Which was taken as bullish for stocks and bearish for U.S.D. so some crude buyers came in as well. Most likely though is was more short covering than new longs.
I hope so, this is the first new position ive picked up since 51.5
  • #1,175
  • Mar 18, 2015 3:59pm Mar 18, 2015 3:59pm
well, usa don't want to raise rates, they play through japan and Eu - in order one of them starts QE. now it's EU time. On the news, which said that oil is oversuply x2, price not reacted, so oversold. Also right now a lot of people get in shorts WTI, so oil should go up for now... Seasonality for 20 years shows it will go till october...
and the main part: see how weekly candle will close... That will be the battle of the monsters... Daily candle made bullish engulfing...
and I like oil, it moves so much smoother than those eurusd..., gold...
  • #1,176
  • Mar 18, 2015 4:23pm Mar 18, 2015 4:23pm
it will go up ... how about it might.
  • #1,177
  • Mar 18, 2015 5:12pm Mar 18, 2015 5:12pm
too early for shorts. Think the range is taking over for a while.

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  • #1,178
  • Mar 19, 2015 1:05am Mar 19, 2015 1:05am
shorted from yesterdays highs. a good 200 pip close on oil. that does not come every other day
  • #1,179
  • Mar 19, 2015 3:38am Mar 19, 2015 3:38am
Quoting kweiss10
shorted from yesterdays highs. a good 200 pip close on oil. that does not come every other day
...SO why did you chicken out from letting your profit run from a really awesome high point?
What do you think is going to drive up the price? Unemployment data? the lesser importnat FOCM statements later on?
  • #1,180
  • Mar 19, 2015 3:51am Mar 19, 2015 3:51am
Quoting kweiss10
shorted from yesterdays highs. a good 200 pip close on oil. that does not come every other day
Especially because oil trades in dollars, not pips.
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