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Oil and Natural Gas

  • #2,181
  • Jan 21, 2016 12:10pm Jan 21, 2016 12:10pm
any insights on oil guys?

We are in price territory that hasnt been seen in a long time.
  • #2,182
  • Jan 21, 2016 2:48pm Jan 21, 2016 2:48pm
One for G

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Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #2,183
  • Jan 21, 2016 3:09pm Jan 21, 2016 3:09pm
Quoting CNTrader
One for G {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!
Thanks for the post CNTrader
I didn't think this was going to complete as last few days damn thing keeps on dropping lower and lower.
Wooooohooooo or Boooooohooooo
  • #2,184
  • Jan 21, 2016 6:03pm Jan 21, 2016 6:03pm
price action and ranges before dropping

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Wooooohooooo or Boooooohooooo
  • #2,185
  • Jan 23, 2016 1:58am Jan 23, 2016 1:58am
Those that bought the dip under $28 made a killing as oil pretty much went within 2 days from under $28 to close at around $32.25 this Friday. The Russian Ruble went up hand in hand with oil.
  • #2,186
  • Edited Jan 24, 2016 7:57am Jan 23, 2016 2:41pm | Edited Jan 24, 2016 7:57am
Quoting gnomoneey
price action and ranges before dropping {image}
Update on oil
Magenta eclipse on left side is where I see range for 2016
Attached Image (click to enlarge)
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Wooooohooooo or Boooooohooooo
  • #2,187
  • Jan 24, 2016 1:06am Jan 24, 2016 1:06am
Quoting gnomoneey
{quote} Update on oil Magenta eclipse on left side is where I see range for 2016 https://www.mql5.com/en/charts/45197...apital-markets
I looked at that chart for quite some time. Looking at that chart depends on which line you take. For the year it could head back down again or go sideways for the year around this price.
  • #2,188
  • Jan 24, 2016 6:31am Jan 24, 2016 6:31am
According to this chart then realistically speaking we could shoot back up to $40.. Depends on which chart people are looking at
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  • #2,189
  • Jan 24, 2016 7:56am Jan 24, 2016 7:56am
Quoting stylinex
{quote} I looked at that chart for quite some time. Looking at that chart depends on which line you take. For the year it could head back down again or go sideways for the year around this price.
is there anything I can explain about the chart
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Wooooohooooo or Boooooohooooo
  • #2,190
  • Jan 24, 2016 8:20am Jan 24, 2016 8:20am
heres a cleaner chart with potential cypher....

Attached Image (click to enlarge)
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Wooooohooooo or Boooooohooooo
  • #2,191
  • Jan 24, 2016 9:37am Jan 24, 2016 9:37am
IMPO this recent rally is relief.... As in belief by some that there is a reason for prices to go higher now, at last, hooray!!

Unless I missed something, the over-supply situation has not changed. There was a build in US crude at the last figures.
Last time I looked, Brent is now trading on average 50¢ below WTI.
Dr.Doom, in an interview from Davos, said that price recovery would be gradual and only lift significantly when the effects of the reduced Capex (cut back on maintenance and new production facilities) started to affect the ability to satisfy current demand ... so not until a lot later this year.

However, things can change very quickly, especially if Iran and Saudi Arabia start at each other....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,192
  • Jan 24, 2016 10:11am Jan 24, 2016 10:11am
Quoting gnomoneey
heres a cleaner chart with potential cypher.... {image}
I was thinking that if we were to set a bottom it would be this month or maybe next and then slowly climb back up before summer of this year unless everyone throws in the bucket and everything just tanks from here on as we enter deeper into bear market for everything.
  • #2,193
  • Jan 24, 2016 11:50pm Jan 24, 2016 11:50pm
So resistance at 40 but its going to be a hard battle to even get there
TE started 6/4/19
  • #2,194
  • Jan 26, 2016 2:55am Jan 26, 2016 2:55am
tempted to enter a sell here based on the fact that market still over supplied with oil and that chinese and japanese markets just tanked a few hours ago.

any insights?
  • #2,195
  • Jan 26, 2016 3:11am Jan 26, 2016 3:11am
Quoting kweiss10
tempted to enter a sell here based on the fact that market still over supplied with oil and that chinese and japanese markets just tanked a few hours ago. any insights?
I had read that it would head to $20 due to oversupply and markets being down. I also read another report about a short squeeze coming to squeeze shorts out with oil expected to go to $40 due to short squeeze. My personal guess is down though
  • #2,196
  • Jan 26, 2016 3:16am Jan 26, 2016 3:16am
China fell right through resistance. Losing over 6% today. This is pretty bad considering it is happening right before Chinese New Years. Some stop working this Friday and others the following Friday.
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  • #2,197
  • Jan 26, 2016 4:00am Jan 26, 2016 4:00am
Quoting stylinex
China fell right through resistance. Losing over 6% today. This is pretty bad considering it is happening right before Chinese New Years. Some stop working this Friday and others the following Friday. {image}
Maybe they have to pre-pay for the beer.....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,198
  • Edited 4:50am Jan 26, 2016 4:24am | Edited 4:50am
although china in minus oil prices still rising. whats up with that?

edit: maybe price went down because of falling oil prices yesterday. is that even possible?
  • #2,199
  • Jan 26, 2016 6:32am Jan 26, 2016 6:32am
Quoting kweiss10
although china in minus oil prices still rising. whats up with that? edit: maybe price went down because of falling oil prices yesterday. is that even possible?
Maybe that short squeeze is coming up..
  • #2,200
  • Jan 26, 2016 11:53am Jan 26, 2016 11:53am
Short squeeze back to $40?
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