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Oil and Natural Gas

  • #2,201
  • Jan 26, 2016 10:55am Jan 26, 2016 10:55am
total blood bath today. and it aint over. my M15 indicators didnt work today. the H1 and H4 were more reliable.
  • #2,202
  • Jan 27, 2016 5:10am Jan 27, 2016 5:10am
Quoting kweiss10
total blood bath today. and it aint over. my M15 indicators didnt work today. the H1 and H4 were more reliable.
Like a Yo-Yo up and down these last few days. Easy to lose money this way if one opens a new position now.
  • #2,203
  • Jan 27, 2016 11:13am Jan 27, 2016 11:13am
another blood bath today. 3 days in a row with high volatility between 5-7%. This is making reading the trend very hard.

What do your indicators say?
  • #2,204
  • Jan 28, 2016 6:01am Jan 28, 2016 6:01am
REUTERS
Russian Energy Minister Novak: Saudi proposed to cut production by each country by up to 5%



WTI
- 34.20 close To 3 week high
- Watchout for Commo Currency upside esp CAD
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #2,205
  • Jan 28, 2016 7:19am Jan 28, 2016 7:19am
Quoting forexsaint
REUTERS Russian Energy Minister Novak: Saudi proposed to cut production by each country by up to 5% WTI - 34.20 close To 3 week high - Watchout for Commo Currency upside esp CAD
Russian Ruble too. I think Oil is going back to $40
https://www.rt.com/business/330414-s...ia-oil-prices/
  • #2,206
  • Jan 28, 2016 7:26am Jan 28, 2016 7:26am
Quoting forexsaint
REUTERS Russian Energy Minister Novak: Saudi proposed to cut production by each country by up to 5% WTI - 34.20 close To 3 week high - Watchout for Commo Currency upside esp CAD
this news kind of scared me a bit just now. but after re-reading it, I wonder why Russia had to break the news and not the Saudies themselves?

Maybe this is a play by Russia to jack prices?

Let's get some facts together:

- Oil still being pumped out at all time high
- Chinese markets show super red numbers many days in a row
- chinese economy also slowing down
- Iran going to enter oil export game
- USA going to export oil too
- Recent US oil storage numbers over the expected ammount by far

and still prices are going up?

The question is, is it safe to short from here?
  • #2,207
  • Jan 28, 2016 7:40am Jan 28, 2016 7:40am
Quoting forexsaint
REUTERS Russian Energy Minister Novak: Saudi proposed to cut production by each country by up to 5% WTI - 34.20 close To 3 week high - Watchout for Commo Currency upside esp CAD
*SAUDI HAS NO PROPOSAL TO CUT OUTPUT 5%: OPEC GULF DELEGATE
Comedy Show going on
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #2,208
  • Jan 28, 2016 7:53am Jan 28, 2016 7:53am
Quoting forexsaint
{quote} *SAUDI HAS NO PROPOSAL TO CUT OUTPUT 5%: OPEC GULF DELEGATE Comedy Show going on
I think a few OPEC members are under pressure now from other OPEC members. Their point is we had your back before and now we want you to have our back because these current oil prices have put our national security at risk. They are basically telling Saudi,Kuwait and the UAE that they do not want to be the next Greece. I can see Russia putting a few people on their hit list if they bring down their country over their stubbornness and greed to cut back and oil output.
  • #2,209
  • Jan 28, 2016 7:51pm Jan 28, 2016 7:51pm
what I see now is wave 4 up before wave 5 downward. we still not see bottom of oil prices.
  • #2,210
  • Jan 29, 2016 1:26am Jan 29, 2016 1:26am
Quoting PandoraBox
what I see now is wave 4 up before wave 5 downward. we still not see bottom of oil prices.
...I am believing thoughts like yours, until a production cut is actually agreed.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,211
  • Jan 29, 2016 2:25am Jan 29, 2016 2:25am
Why WTI and Brent spread widens? Is this what it should be?
  • #2,212
  • Jan 29, 2016 2:28am Jan 29, 2016 2:28am
Norway says 'no way' to cutting crude output
https://www.rt.com/business/330565-n...ampaign=chrome

Russia's Novak says there is no confirmation of OPEC/non-OPEC meeting
http://news.forexlive.com/!/russias-...eting-20160129
  • #2,213
  • Jan 30, 2016 8:44am Jan 30, 2016 8:44am
More oil coming to market and not less.. If less then $40 if more then back to $26
http://in.reuters.com/article/opec-oil-idINL8N15D38O
  • #2,214
  • Jan 31, 2016 10:53pm Jan 31, 2016 10:53pm
Now it is really starting to bite.

On 'the radio' Azerbaijan has joined Nigeria in asking the IMF and/or others for assistance.
This does not mean that Azerbaijan and Nigeria are cooperating in this, merely that two countries are in a fix.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,215
  • Feb 3, 2016 3:15am Feb 3, 2016 3:15am
not looking good above 30$
Attached Image (click to enlarge)
Click to Enlarge Name: a7ebf7852444380503defb7faffdb8e6.png Size: 21 KB
  • #2,216
  • Feb 3, 2016 8:23am Feb 3, 2016 8:23am
Despite the huge rise in inventories, we have this glimmer on the horizon.

"LONDON (Reuters) - Oil rose on Wednesday after Russia repeated its willingness to take part in talks with OPEC producers to cut output and boost prices, although analysts said rising U.S. crude inventories could put a brake on a bigger rally."
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,217
  • Feb 3, 2016 8:59am Feb 3, 2016 8:59am
Oil bounces 5 percent after U.S. data sparks short-covering

- http://www.reuters.com/article/us-gl...-idUSKCN0VC02G
  • #2,218
  • Edited 9:26pm Feb 3, 2016 5:47pm | Edited 9:26pm
Quoting gnomoneey
heres a cleaner chart with potential cypher.... {image}
updated chart is oil bottomed out for now.....
will Russia and non opec will be able to convince opec to drop monthly output
-bouncing off lows of 29.2x
Attached Image (click to enlarge)
Click to Enlarge Name: usoilfeb42016dailylevels.png Size: 134 KB
Wooooohooooo or Boooooohooooo
  • #2,219
  • Feb 6, 2016 7:47pm Feb 6, 2016 7:47pm
Quoting gnomoneey
{quote} updated chart is oil bottomed out for now..... will Russia and non opec will be able to convince opec to drop monthly output -bouncing off lows of 29.2x {image}
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpeg Size: 278 KB
Wooooohooooo or Boooooohooooo
  • #2,220
  • Feb 7, 2016 4:06am Feb 7, 2016 4:06am
Quoting gnomoneey
{quote} {image}
looking very plausible. good chart
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