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Oil and Natural Gas

  • #1,221
  • Mar 25, 2015 10:41am Mar 25, 2015 10:41am
Quoting Steve J
The FOMC recently made it clear that rates will not be increased anytime soon so I expect the price of WTI oil to steadily rise to around the $55 region. I think there is either no hope or Bob Hope chance of oil reaching $20/barrel.
Be that as it may the EU is doing the Helicopter Ben routine of Qualitative Easing because demand is not there.

Dollar will continue to strengthen whether or not our rates are raised at all.
  • #1,222
  • Mar 25, 2015 11:42am Mar 25, 2015 11:42am
Divergence tells us that a big wave could be in the making

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  • #1,223
  • Mar 25, 2015 12:27pm Mar 25, 2015 12:27pm
Quoting alayinizAMK
Divergence tells us that a big wave could be in the making {image}
oh yea
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  • #1,224
  • Mar 25, 2015 7:50pm Mar 25, 2015 7:50pm
Substitute King Salman of Saudi Arabia for pudgy North Korea Kim Jong-Un and Yemen for the island over there and maybe just maybe that might be why crude is higher. That and the fact it is in a correction to main downtrend of the last 9 months.

Another Middle East War Breaks Out: US-Supported Saudi Arabia Begins Bombing Yemen

http://www.zerohedge.com/news/2015-0...-bombing-yemen
  • #1,225
  • Mar 25, 2015 7:55pm Mar 25, 2015 7:55pm
This move will be sold off hard once it's done.. or so I think, but for now, 52.39 seems likely on WTI. Brent should do better.
  • #1,226
  • Mar 25, 2015 8:05pm Mar 25, 2015 8:05pm
lets stay in real life, another divergence
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  • #1,227
  • Mar 25, 2015 8:32pm Mar 25, 2015 8:32pm
First target 53 then if we pass 58 and on final top correction maybe 60. If this happens i will seriously doubt that we see the 40's again this year. And waiting for 20 on 60 is the same as expecting a 66.6% loss which is insane if there is no real reason to back it up.

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  • #1,228
  • Mar 25, 2015 8:44pm Mar 25, 2015 8:44pm
Although $60 is a lot closer to where we are presently than $20. - $20 is a lot closer to where we are presently than $100.

The overall down trend for the last 9 months has not been broken.

I trade with the trend.
  • #1,229
  • Mar 25, 2015 9:38pm Mar 25, 2015 9:38pm
Yemen situation is moving Gold and Oil higher and also all CAD pairs.
  • #1,230
  • Mar 25, 2015 10:15pm Mar 25, 2015 10:15pm
New 2015 high?
  • #1,231
  • Mar 26, 2015 2:52am Mar 26, 2015 2:52am
man, some havoc in Yemen and that pushes oil prices massively higher? Yemen is not even an oil producing country, nor can it threaten supply or demand with its mini population or army. Something doesn't fit in this price movement up.
  • #1,232
  • Mar 26, 2015 2:59am Mar 26, 2015 2:59am
Quoting kweiss10
man, some havoc in Yemen and that pushes oil prices massively higher? Yemen is not even an oil producing country, nor can it threaten supply or demand with its mini population or army. Something doesn't fit in this price movement up.
Maybe it is fear that Iran will join the conflict and make things worse.
  • #1,233
  • Mar 26, 2015 3:20am Mar 26, 2015 3:20am
Stick to price, accept we had bargain price and go with it. When do people understand that they cant understand everything.
  • #1,234
  • Mar 26, 2015 4:57am Mar 26, 2015 4:57am
Natural gas looks like its up to a boom. Don't forget US may be looking forward to arm ukrainian forces.
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  • #1,235
  • Mar 26, 2015 6:08am Mar 26, 2015 6:08am
Quoting Ck87
This move will be sold off hard once it's done.. or so I think, but for now, 52.39 seems likely on WTI. Brent should do better.
Could be our top.... 52.39 is serious resistance..
  • #1,236
  • Mar 26, 2015 6:38am Mar 26, 2015 6:38am
Quoting alayinizAMK
Stick to price, accept we had bargain price and go with it. When do people understand that they cant understand everything
.
So how do we understand when price is a bargain?

Wasn't price a bargain at $80, $70, $60, $50?
  • #1,237
  • Mar 26, 2015 7:14am Mar 26, 2015 7:14am
Quoting SunTrader
{quote} So how do we understand when price is a bargain? Wasn't price a bargain at $80, $70, $60, $50?
when you get stupid news like this knocking on your door. I want to thank bloomberg btw they are my favorite reverse indicator

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  • #1,238
  • Mar 26, 2015 7:40am Mar 26, 2015 7:40am
Quoting alayinizAMK
{quote} when you get stupid news like this knocking on your door. I want to thank bloomberg btw they are my favorite reverse indicator {image}
bloomberg didnt really say when whether in 10 days or 10 years is anyones guess hehe. and then they will come forth and say "we told you so".
  • #1,239
  • Mar 26, 2015 7:40am Mar 26, 2015 7:40am
a good 400 pips back and forth. I dared to short and closed my position but I do not dare long. Anyone in longs here? Any reason why?
  • #1,240
  • Mar 26, 2015 7:58am Mar 26, 2015 7:58am
Quoting kweiss10
{quote} bloomberg didnt really say when whether in 10 days or 10 years is anyones guess hehe. and then they will come forth and say "we told you so".
Thats so right

I don't expect anything rational, going to count this as i of 5. Changed the count a bit. I will rethink if this pass my MA but don't think job data will change this direction too much.

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