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Oil and Natural Gas

  • #1,641
  • Jul 22, 2015 5:27am Jul 22, 2015 5:27am
Quoting nutts
will a high figure on inventories finally push oil down through the resistance later toady , is it the final push ?
It is not the inventories, it is the deal with Iran....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,642
  • Jul 22, 2015 5:30am Jul 22, 2015 5:30am
Another increase in inventories will make things worse....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,643
  • Jul 22, 2015 6:07am Jul 22, 2015 6:07am
Quoting Exodus
Another increase in inventories will make things worse....
True exodus...the Iran thing has been bearish ...but still didn't break the 50....I think today should be the day...with inventory build .....to help the bears push it past ....then a little free fall .
  • #1,644
  • Jul 22, 2015 2:08pm Jul 22, 2015 2:08pm
my friend is saying OIL currently is in buy trend buy now ... and he is so confident
  • #1,645
  • Jul 22, 2015 2:20pm Jul 22, 2015 2:20pm
Quoting analyst786
my friend is saying OIL currently is in buy trend buy now ... and he is so confident
buy trend? Oil is getting hammered at the moment
  • #1,646
  • Jul 22, 2015 2:36pm Jul 22, 2015 2:36pm
Quoting ash1485
{quote} buy trend? Oil is getting hammered at the moment
47.50 I think is the next test
  • #1,647
  • Jul 22, 2015 2:40pm Jul 22, 2015 2:40pm
Quoting ash1485
{quote} buy trend? Oil is getting hammered at the moment
Actually you can say it is getting with each dollar lower more and more in a buy trend because now with the price below 50$ oil is getting cheap and the room for downtrend is getting less and less, i have a pending order to buy at 48.60 there should be at minimum some small correction there to the upside but lets see what will happen
  • #1,648
  • Jul 22, 2015 2:47pm Jul 22, 2015 2:47pm
Quoting atom3
{quote} Actually you can say it is getting with each dollar lower more and more in a buy trend because now with the price below 50$ oil is getting cheap and the room for downtrend is getting less and less, i have a pending order to buy at 48.60 there should be at minimum some small correction there to the upside but lets see what will happen
I understand that logic completely ...if we were buying physical....then again ...If I was buying physical I would wait till the very bottom.Personally I think this close under 50 will only accelerate the decline....it spent 11 days bouncing off 51 - 50 .
  • #1,649
  • Jul 22, 2015 8:15pm Jul 22, 2015 8:15pm
Quoting analyst786
my friend is saying OIL currently is in buy trend buy now ... and he is so confident
Well unless your friend is T Boone Pickens I don't care what someone's friend said.

And I don't care even what Mr Pickens says ... if he doesn't get a reason why it is a buy or it is a sell.

Reasons not opinions are what matter.
  • #1,650
  • Jul 24, 2015 8:51pm Jul 24, 2015 8:51pm
One of my favourite trading quotes:
Attached Image (click to enlarge)
Click to Enlarge Name: Rationalize markets.png Size: 450 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #1,651
  • Jul 26, 2015 7:20am Jul 26, 2015 7:20am
do you think turkish intervene in syria and iraq will affect ngas and crude this week?
  • #1,652
  • Jul 26, 2015 9:00am Jul 26, 2015 9:00am
Quoting alayinizAMK
do you think turkish intervene in syria and iraq will affect ngas and crude this week?
It's a great question , my personal view is no . As the oil and gas fields in Syria have mainly been in and out of Assad hands for yrs now and they are a very small producer anyway. But that said the bulls could use it as a excuse. But USA markets were open last week when the event occurred and there was no reaction ... just my thoughts to your question
  • #1,653
  • Jul 26, 2015 10:05am Jul 26, 2015 10:05am
Agree not much effect. If things get more "out of hand" then maybe.
  • #1,654
  • Jul 29, 2015 11:11am Jul 29, 2015 11:11am
I am very eager to try to short here but i don't know, maybe it is better to wait to see which way it will go, trend is still bearish tho
  • #1,655
  • Jul 29, 2015 11:18am Jul 29, 2015 11:18am
Quoting atom3
I am very eager to try to short here but i don't know, maybe it is better to wait to see which way it will go, trend is still bearish tho
me too
Attached Image (click to enlarge)
Click to Enlarge Name: #US_Oil_U5H4.png Size: 17 KB
  • #1,656
  • Jul 29, 2015 12:38pm Jul 29, 2015 12:38pm
Think it will go another couple of dollars higher before resumption of downtrend. H1 chart looks to only have waves 1-3 of 5 of an A wave complete so far:
Attached Image (click to enlarge)
Click to Enlarge Name: Crude 1 thru 3 of A.png Size: 54 KB
  • #1,657
  • Jul 29, 2015 2:26pm Jul 29, 2015 2:26pm
On its best days I don't think it will pass 51.5, then lower again from here.
I am currently stuck in sell positions at 47
  • #1,658
  • Jul 29, 2015 3:50pm Jul 29, 2015 3:50pm
Quoting ash1485
On its best days I don't think it will pass 51.5, then lower again from here. I am currently stuck in sell positions at 47
If your floating loss hasn't exceeded you profits then close position immediately...
  • #1,659
  • Jul 29, 2015 10:29pm Jul 29, 2015 10:29pm
Quoting gnomoneey
the upside version {image}
update from this chart....

target 66.66
Attached Image (click to enlarge)
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Wooooohooooo or Boooooohooooo
  • #1,660
  • Jul 30, 2015 2:56am Jul 30, 2015 2:56am
Quoting merquise
{quote} If your floating loss hasn't exceeded you profits then close position immediately...
At least explain to me why should I close my positions in loss?
Has the oil trend changed during my sleep?
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