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Trading Crude Oil with price action + indicator

  • #701
  • Dec 11, 2015 11:04am Dec 11, 2015 11:04am
Quoting vasily
oil more to go down
2 options, opec cut output after record high in last 3 years or price move down to raw pump cost. oil short / forget technical analyses
  • #702
  • Dec 11, 2015 11:59pm Dec 11, 2015 11:59pm
Quoting kuroro001
Highest short contract since 2011...and this time we are at the bottom of a big move down I wonder how long it will last before it bounce nicely {image}
Don't predict just reacts...
Trade fearless not careless...
  • #703
  • Dec 12, 2015 12:00am Dec 12, 2015 12:00am
Quoting vasily
{quote} 2 options, opec cut output after record high in last 3 years or price move down to raw pump cost. oil short / forget technical analyses
U r right
Trade fearless not careless...
  • #704
  • Dec 12, 2015 12:24am Dec 12, 2015 12:24am
Quoting mohsinali
{quote} Don't predict just reacts...
Yeap. Trailing on the profits. Well if it bounces into a new decent trend to me is another new opportunity. =)
  • #705
  • Dec 12, 2015 12:34am Dec 12, 2015 12:34am
How is that Support and Resistance going? it works great in hindsight I know.
All posts are my personal opinion
  • #706
  • Dec 14, 2015 2:46am Dec 14, 2015 2:46am
Oil prices set to drop down even more with the US oil production peaking at 9.164 million barrels a day. WTI fell to $36 a barrel last week.
  • #707
  • Dec 14, 2015 4:22am Dec 14, 2015 4:22am
Quoting Surijohn
Oil prices set to drop down even more with the US oil production peaking at 9.164 million barrels a day. WTI fell to $36 a barrel last week.
Hope it wont get free!!!!
  • #708
  • Dec 14, 2015 11:13am Dec 14, 2015 11:13am
Hey guys. Anyone in here that is actively trading Crude Oil Futures?
  • #709
  • Dec 14, 2015 12:36pm Dec 14, 2015 12:36pm
Quoting Klemen 86
Hey guys. Anyone in here that is actively trading Crude Oil Futures?
Yes me and my self.
Trade fearless not careless...
  • #710
  • Dec 14, 2015 1:03pm Dec 14, 2015 1:03pm
Quoting mohsinali
{quote} Yes me and my self.
Nice to know Mohsinali
I am Oil trader as well.

Looking at market now all eyes are on wednesdays FOMC meeting. I think we can see up move on oil if FED doesnt raise rates this year. Fundamentaly at the moment bull market in oil can happen only if we see serious war situations in middle east and some fear of cutting supply from that area. All other fundamentals are pointing that oil will trade 40$p/b for some time.

What is your trading approach Mohsinali?
  • #711
  • Dec 14, 2015 8:36pm Dec 14, 2015 8:36pm
hello, i want to ask for the oil's traders on the future market, about the rollover
what is your opinion about new contract price that always higher than previous price?
and what do you think about the bottom price for oil's price?
is it possible that oil's price will break 30$/b?
  • #712
  • Dec 15, 2015 3:06am Dec 15, 2015 3:06am
Quoting Klemen 86
{quote} Nice to know Mohsinali I am Oil trader as well. Looking at market now all eyes are on wednesdays FOMC meeting. I think we can see up move on oil if FED doesnt raise rates this year. Fundamentaly at the moment bull market in oil can happen only if we see serious war situations in middle east and some fear of cutting supply from that area. All other fundamentals are pointing that oil will trade 40$p/b for...
Dear for me i like trade mostky inta day on breakout and when i am sure that price goes in my direction i move stop to breakeven to enjoy free trade. I am still in buy with 36 stop.For my openion crude trade between 30 to 50 rest of year until some vety big news (war etc.)Basically crude compete with natural gas...
Trade fearless not careless...
  • #713
  • Dec 15, 2015 3:10am Dec 15, 2015 3:10am
Quoting yanuarPNB
hello, i want to ask for the oil's traders on the future market, about the rollover what is your opinion about new contract price that always higher than previous price? and what do you think about the bottom price for oil's price? is it possible that oil's price will break 30$/b?
Every thing possible in love , war, and market..So dont chase top and bottom.If it goes 30 definitely looking 20+
Trade fearless not careless...
  • #714
  • Dec 15, 2015 6:27am Dec 15, 2015 6:27am
Quoting yanuarPNB
hello, i want to ask for the oil's traders on the future market, about the rollover what is your opinion about new contract price that always higher than previous price? and what do you think about the bottom price for oil's price? is it possible that oil's price will break 30$/b?
YanuarPNB-- More than likely, crude has not seen it's bottom and has a good chance of continuing its downward move. But if you're going to trade crude NEVER assume that crude is going to go up or down. Let the market tell you where it's going. Crude has the ability to change directions with very little warning. And as for the rollover, that's just the way it is. Unless you are a long term position trader the difference in price from one contract to the next means NOTHING.
  • #715
  • Dec 15, 2015 6:58am Dec 15, 2015 6:58am
Quoting Klemen 86
Hey guys. Anyone in here that is actively trading Crude Oil Futures?
crude and WTI
All posts are my personal opinion
  • #716
  • Dec 15, 2015 11:04am Dec 15, 2015 11:04am
Hey guys nice to see this thread back to life again.

My fundamental opinion:
US are one step before they are going to increase interest rates, I it makes me think if a country does so exceptionally well that they want to increase rates, equities are trading at record prices and all indicates that US is Economically on top of the world. But it seem strange to me that a country doing so well has a problems with Oil consumption and their storages are almost maxed out??? Something in this picture is no right, Oil is the most important commoditie for growing economies and US is by the number doing exceptionally well but oil consuption is not following the supply? As well globaly China has one of the worst years as export goes so their economy is slowing down and that puts extra pressure on oil demand. World growth forecast is weak, if us raise rates they will slow down their economic activity, Europe is holding its head above water with QE programs, China slowing down i just cant find more demand in near future. Only scenario that can change the picture is WAR and fear of cutting supply from middle east can pust oil prices round 60$p/b.
  • #717
  • Dec 15, 2015 11:05am Dec 15, 2015 11:05am
My trade from today. Yesterdays price action indicated that we might get a bullish tuesday so I saw opotrunity and grabed it. Look at bellows chart.
Attached Image (click to enlarge)
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  • #718
  • Dec 15, 2015 11:40am Dec 15, 2015 11:40am
Quoting Klemen 86
My trade from today. Yesterdays price action indicated that we might get a bullish tuesday so I saw opotrunity and grabed it. Look at bellows chart. {image}
Bluish... above 36
Trade fearless not careless...
  • #719
  • Dec 15, 2015 11:42am Dec 15, 2015 11:42am
Be careful with tight stop.
Trade fearless not careless...
  • #720
  • Dec 15, 2015 12:37pm Dec 15, 2015 12:37pm
Quoting Klemen 86
Hey guys nice to see this thread back to life again. My fundamental opinion: US are one step before they are going to increase interest rates, I it makes me think if a country does so exceptionally well that they want to increase rates, equities are trading at record prices and all indicates that US is Economically on top of the world. But it seem strange to me that a country doing so well has a problems with Oil consumption and their storages are almost maxed out??? Something in this picture is no right, Oil is the most important commoditie for...
The perception that the US is on top of the world is just that... the equities have been on a bullish run simply because of the Fed's pumping money into the economy.. Theoretically, interests rates are raised in order to slow down an over heating economy and control inflation. Since neither of those two are actually happening, (in my opinion) the raising of interest rates is purely political... The only reason we have unemployment at 5% is because of the large number of (otherwise) eligible workers are now on welfare. Under the idiot running things now, welfare participation has doubled and the number of people NOT participating in the work force is at levels not seen in decades...
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