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Oil and Natural Gas

  • #1,721
  • Aug 16, 2015 9:05am Aug 16, 2015 9:05am
http://www.cnbc.com/2015/08/14/this-...l-soaring.html

Interesting......not reliable but interesting
  • #1,722
  • Aug 16, 2015 3:42pm Aug 16, 2015 3:42pm
Quoting nutts
http://www.cnbc.com/2015/08/14/this-...l-soaring.html Interesting......not reliable but interesting

If you read carefuly the news piece isn't saying anything at all. It is saying it could go up to 45/46 or fall to 39.

A rise to 45 is 3 dollars from the current price and a fall to 39 is ALSO 3 dollars from the current price. Typical CNBC = more drama than news.
  • #1,723
  • Aug 17, 2015 7:53am Aug 17, 2015 7:53am
Quoting kweiss10
{quote} If you read carefuly the news piece isn't saying anything at all. It is saying it could go up to 45/46 or fall to 39. A rise to 45 is 3 dollars from the current price and a fall to 39 is ALSO 3 dollars from the current price. Typical CNBC = more drama than news.
+1
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,724
  • Aug 18, 2015 1:12pm Aug 18, 2015 1:12pm
I closed my longs from friday, i might have closed them too early since this move can go over 44$ but this morning they were at quite a loss so i am happy now i took some profit, hm now if we indeed continue higher i will be looking for shorting opportunity but for today i am done

edit: on the other side we have 9 weeks in a row of decline without this week so i expect this week to close on green (to be honest i expected last week to close on green which is above 44$ but it didn't happen)
  • #1,725
  • Aug 18, 2015 1:19pm Aug 18, 2015 1:19pm
I think we will get close to $44 and then resume down, storage news tomorrow and still a massive oversupply that isn't showing signs of easing
  • #1,726
  • Aug 18, 2015 1:50pm Aug 18, 2015 1:50pm
Quoting atom3
I closed my longs from friday, i might have closed them too early since this move can go over 44$ but this morning they were at quite a loss so i am happy now i took some profit, hm now if we indeed continue higher i will be looking for shorting opportunity but for today i am done edit: on the other side we have 9 weeks in a row of decline without this week so i expect this week to close on green (to be honest i expected last week to close on green which is above 44$ but it didn't happen)
Good way to lose money. Expect an up move just because .... 9 weeks in a row of decline.
Is there some market law I haven't heard of that says 10 in a row can't happen?
  • #1,727
  • Aug 18, 2015 2:22pm Aug 18, 2015 2:22pm
Quoting SunTrader
{quote} Good way to lose money. Expect an up move just because .... 9 weeks in a row of decline. Is there some market law I haven't heard of that says 10 in a row can't happen?
Noone said anything about something being impossible, now is it really to critisize me without any constructivnes the best thing you can say about crude ? Atleast you could have said you view if you have one
  • #1,728
  • Aug 18, 2015 2:33pm Aug 18, 2015 2:33pm
Quoting atom3
{quote} Noone said anything about something being impossible, now is it really to critisize me without any constructivnes the best thing you can say about crude ? Atleast you could have said you view if you have one
You said you expected it to close in the green simply because it had been down so many weeks in a row.

Is that constructive?
  • #1,729
  • Aug 18, 2015 2:46pm Aug 18, 2015 2:46pm
Quoting SunTrader
{quote} You said you expected it to close in the green simply because it had been down so many weeks in a row. Is that constructive?
Yes it is fot me now please stop draging this conversation further
  • #1,730
  • Aug 18, 2015 2:52pm Aug 18, 2015 2:52pm
Listening to the radio I heard the (female !!) Iranian politico talking about the nuclear agreement and the other things that are contingent thereon.

She said that Iran does not want to remain on the outside of the world stage, and suffer all the trade restrictions and other business difficulties that accompany that situation. There is a strong movement within the governmental circles to agree and comply with requests from the US and elsewhere and to be seen to comply with monitoring and transparency over the nuclear issue, and thus return Iran to being a world player.

So I think Oil is heading to $20, I just don't know how bumpy the ride will be.....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,731
  • Aug 18, 2015 4:10pm Aug 18, 2015 4:10pm
Quoting atom3
{quote} Yes it is fot me now please stop draging this conversation further
  • #1,732
  • Aug 19, 2015 2:02am Aug 19, 2015 2:02am
Quoting Exodus
Listening to the radio I heard the (female !!) Iranian politico talking about the nuclear agreement and the other things that are contingent thereon. She said that Iran does not want to remain on the outside of the world stage, and suffer all the trade restrictions and other business difficulties that accompany that situation. There is a strong movement within the governmental circles to agree and comply with requests from the US and elsewhere and to be seen to comply with monitoring and transparency over the nuclear issue, and thus return Iran...
Add to the news chinas stock market woes. It fell again yesterday. After todays news release I hope to see a more definitive move.
  • #1,733
  • Aug 19, 2015 2:44am Aug 19, 2015 2:44am
Quoting Exodus
Listening to the radio I heard the (female !!) Iranian politico talking about the nuclear agreement and the other things that are contingent thereon. She said that Iran does not want to remain on the outside of the world stage, and suffer all the trade restrictions and other business difficulties that accompany that situation. There is a strong movement within the governmental circles to agree and comply with requests from the US and elsewhere and to be seen to comply with monitoring and transparency over the nuclear issue, and thus return Iran...
I find $20 hard to imagine but with the current situation it could be possible, as USD grows in strength over other producing nations their production costs go down (I read that Canada has seen a 20% reduction in costs this year) mix that in with the over supply and the introduction of Iran to the market place and well we could get there...........I guess if the Iran deal fails to pass congress the outlook may change after all they are claiming "deal or war" and as we all know war is good for oil prices
  • #1,734
  • Aug 19, 2015 7:56am Aug 19, 2015 7:56am
Shanghai Stock Index up today - though a measly 1.23% compared to previous day's 6.15% drop.
  • #1,735
  • Aug 20, 2015 2:48am Aug 20, 2015 2:48am
Under $41 now headed to that magic $40. Once that breaks look for $38
  • #1,736
  • Aug 20, 2015 3:44am Aug 20, 2015 3:44am
Quoting stylinex
Under $41 now headed to that magic $40. Once that breaks look for $38
If 40 breaks this could fall to next support of 32
  • #1,737
  • Aug 20, 2015 3:49am Aug 20, 2015 3:49am
Quoting kweiss10
{quote} If 40 breaks this could fall to next support of 32
Options expire this week for the monthly oil contracts. Would hate to be holding anything today or tomorrow. Wish the contracts did not expire every month on Forex then one could just open a short position and sleep on them for a few months until target price hits. They make it difficult for one to earn money. I will most likely open another short position next Monday.
  • #1,738
  • Aug 20, 2015 4:05am Aug 20, 2015 4:05am
Quoting stylinex
{quote} Options expire this week for the monthly oil contracts. Would hate to be holding anything today or tomorrow. Wish the contracts did not expire every month on Forex then one could just open a short position and sleep on them for a few months until target price hits. They make it difficult for one to earn money. I will most likely open another short position next Monday.
I think OANDA never closes your position. I asked them some time back and that is what they told. You may want to ask them again and then update us here.
  • #1,739
  • Aug 20, 2015 12:15pm Aug 20, 2015 12:15pm
we're heading into the 3 handle for crude. no economic indicator signals going higher from here.
chine demand down, peak demand season over in western hemisphere, oversupplied even as prices fall further.

no ones buying within january time frame. there is volume coming in for feb, march and april of 2016 for long crude but thats a prayer
  • #1,740
  • Aug 20, 2015 12:16pm Aug 20, 2015 12:16pm
For Natural Gas prices, watch the increase in power plants converting to more nat gas usage.

the demand may spike soon spiking prices back above 3$
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