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Oil and Natural Gas

  • #1,661
  • Jul 30, 2015 2:57am Jul 30, 2015 2:57am
Quoting ash1485
{quote} At least explain to me why should I close my positions in loss? Has the oil trend changed during my sleep?
Possibly this one:

Quoting sisse
For those trading and following OIL conversations. Unexpected alerts triggered for a quick test 51.2x as early as this week. Time to sit tight as interventions in price are coming Saudis are cutting pcc so there must be really scare of what is about to come in oil prices (sub $40s....)...Nice timing before the FED .... sisse
It all depends on how much DD you can (or are willing to) take.
  • #1,662
  • Jul 30, 2015 9:06am Jul 30, 2015 9:06am
Long natural gas @2.81 before inventory numbers come out
  • #1,663
  • Jul 30, 2015 9:29am Jul 30, 2015 9:29am
Quoting yeniful
Long natural gas @2.81 before inventory numbers come out
hmm, ... in other hand, lots of n gas were consuming for hitting houses in this hot days in US and Canada..., let see...
  • #1,664
  • Jul 30, 2015 11:58am Jul 30, 2015 11:58am
Quoting ash1485
{quote} At least explain to me why should I close my positions in loss? Has the oil trend changed during my sleep?
You said you are stuck in a sell position. Had you not been stuck you wouldn't write that you are stuck, you would have a trading plan that would imply a stopping point. Hence the logical move would be to unstuck yourself by closing the position with a loss if that loss is covered by your profits. In the meantime you can try and wait for it to come back to your level to unstuck yourself. But it may not do that. 50-50 from the moment you're stuck to the moment your luck runs out or not.

Edit: Oh, and don't ever listen to others what they say to you or write. Use your own logic, but think what others are saying.
  • #1,665
  • Jul 31, 2015 4:08am Jul 31, 2015 4:08am
Quoting alayinizAMK
{quote} me too {image}
The 5th wave can be everything, even a failure.
Attached Image (click to enlarge)
Click to Enlarge Name: #US_Oil_U5H1.png Size: 26 KB
  • #1,666
  • Aug 3, 2015 8:39am Aug 3, 2015 8:39am
Man when the bear comes, then prices really drop. And bulls are totally absent?

Can anyone give better insight to the situation?
I know there is over production and china numbers were negative.
  • #1,667
  • Aug 3, 2015 9:07am Aug 3, 2015 9:07am
Quoting kweiss10
Man when the bear comes, then prices really drop. And bulls are totally absent? Can anyone give better insight to the situation? I know there is over production and china numbers were negative.
44$ is the next big support, right now the trend is bearish but i am a bit afraid to sell at such a low price so i will either buy at 44 or sell on a jump up
fundamentally i can not give you information because i haven't red anything the last 3-4 days about crude
  • #1,668
  • Aug 3, 2015 9:26am Aug 3, 2015 9:26am
Iran output is coming. Also there was a hint today that Iran could ramp-up production by 500,000bpd without any trouble.

Add that to comment by atom3.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,669
  • Aug 3, 2015 7:15pm Aug 3, 2015 7:15pm
I think we could see a new low today

Attached Image
Trend is your the best friend. Ever
  • #1,670
  • Aug 5, 2015 8:03am Aug 5, 2015 8:03am
Good retrace yesterday and today of the 5 dollar fall from last week. Down from here I suppose.
  • #1,671
  • Aug 5, 2015 8:46am Aug 5, 2015 8:46am
Quoting kweiss10
Good retrace yesterday and today of the 5 dollar fall from last week. Down from here I suppose.
Inventory report is comming, we will see what the numbers will be, i have a short position left from yesterday which makes me a bit nervous opened at 46$ its on red right now but i will wait for the report since i expect a down move
  • #1,672
  • Aug 5, 2015 8:51am Aug 5, 2015 8:51am
Quoting atom3
{quote} Inventory report is comming, we will see what the numbers will be, i have a short position left from yesterday which makes me a bit nervous opened at 46$ its on red right now but i will wait for the report since i expect a down move
read this earlier on forexlive: The consensus estimate for Wednesday's EIA report is for a drawdown of 1.406m barrels.

I'm afraid the price has been factored in and that it will drop as soon as numbers are released.
  • #1,673
  • Aug 5, 2015 10:09am Aug 5, 2015 10:09am
Quoting atom3
{quote} Inventory report is comming, we will see what the numbers will be, i have a short position left from yesterday which makes me a bit nervous opened at 46$ its on red right now but i will wait for the report since i expect a down move
I guess you're looking at green now
  • #1,674
  • Aug 5, 2015 11:12am Aug 5, 2015 11:12am
Quoting kweiss10
{quote} read this earlier on forexlive: The consensus estimate for Wednesday's EIA report is for a drawdown of 1.406m barrels. I'm afraid the price has been factored in and that it will drop as soon as numbers are released.
sometimes I should trust my intuitions more
  • #1,675
  • Aug 5, 2015 2:25pm Aug 5, 2015 2:25pm
Quoting kweiss10
{quote} sometimes I should trust my intuitions more
Oh wow! ain't that a truism....

It takes quite a lot of practice sifting the instincts from the rest of the garbage.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,676
  • Aug 6, 2015 1:13am Aug 6, 2015 1:13am
Quoting Exodus
{quote} Oh wow! ain't that a truism.... It takes quite a lot of practice sifting the instincts from the rest of the garbage.
I am quite new at trading but after sometime I realised that the market moves in similiar patterns. But basing a trade based on insticts can be lethal as I have learned.
  • #1,677
  • Aug 6, 2015 2:03am Aug 6, 2015 2:03am
Quoting kweiss10
{quote} I am quite new at trading but after sometime I realised that the market moves in similiar patterns. But basing a trade based on insticts can be lethal as I have learned.
You are correct!

I also have observed that, sometimes, when I suppressed or ignored my instincts the market has moved in the direction my instincts suggested.

Hence my qualifier about sifting...

GL
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,678
  • Aug 6, 2015 2:21am Aug 6, 2015 2:21am
Will this week finally be the week for OIL, or are we stuck at dancing around $45 for the next couple of weeks... It keeps bouncing of the lows.
  • #1,679
  • Aug 6, 2015 3:49am Aug 6, 2015 3:49am
Quoting eborn
Will this week finally be the week for OIL, or are we stuck at dancing around $45 for the next couple of weeks... It keeps bouncing of the lows.
it is anyones guess but I think oil will wait out at this level for a week until Iran gives a clear statement on its oil export decision. Sanctions will be lifted but it hasn't yet so until then oil prices will linger.

If I am not mistaken there will be some other data releases next week too.
  • #1,680
  • Aug 6, 2015 10:31am Aug 6, 2015 10:31am
We might see some support at 44.00, but then again... this thing keeps going and going...
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