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Oil and Natural Gas

  • #2,241
  • Feb 19, 2016 7:43am Feb 19, 2016 7:43am
Good article
http://www.cnbc.com/2016/02/18/trade...&doc=103400599
video here
http://www.cnbc.com/2016/02/18/trade...icts-this.html
  • #2,242
  • Feb 23, 2016 9:23am Feb 23, 2016 9:23am
Bullish sign at 5y chart & 1y chart
  • #2,243
  • Feb 29, 2016 8:42am Feb 29, 2016 8:42am
Anyone follows how NG spring squeezing? Buying small portion a 3'd time..., been badly burned in 2011 with it...
  • #2,244
  • Mar 1, 2016 8:05am Mar 1, 2016 8:05am
The bottom-callers have started to appear....
https://uk.finance.yahoo.com/news/oi...003216064.html

"
The International Energy Agency's oil division head, Neil Atkinson, said on Tuesday oil prices had "bottomed out" and were set to rise throughout this and next year.

He said a price rally would be limited in the medium term by U.S. shale production costs of $40 to $50 a barrel, however.
"
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,245
  • Mar 2, 2016 9:58am Mar 2, 2016 9:58am
What am I missing, I see nothing remotely positive in the data just released and a freeze at January levels is nothing with this much surplus
  • #2,246
  • Mar 2, 2016 10:54am Mar 2, 2016 10:54am
You sound like a long term player, so with that said, your analysis may or may not be correct, at the moment. You expect to be right on your fundies immediately after a release? That's gambling if you trade fundies that way. The Powers That Be need to get all the order in first papi. The smoke hasn't cleared for you yet. Please step aside my friend , this is a daytrader's dream right now.....

Quoting S.McDuck
What am I missing, I see nothing remotely positive in the data just released and a freeze at January levels is nothing with this much surplus
SPC * Swollen PocketZ Crew!
  • #2,247
  • Mar 2, 2016 10:57am Mar 2, 2016 10:57am
I still reckon we hit $35.5-36 this month
  • #2,248
  • Mar 2, 2016 11:00am Mar 2, 2016 11:00am
Quoting PandoraBox
Bullish sign at 5y chart & 1y chart
So far it has been bullish. Question is where do we top before reversing. Either this is a new bullish trend or temporary retrace
  • #2,249
  • Mar 2, 2016 11:13am Mar 2, 2016 11:13am
Quoting JoeNY
You sound like a long term player, so with that said, your analysis may or may not be correct, at the moment. You expect to be right on your fundies immediately after a release? That's gambling if you trade fundies that way. The Powers That Be need to get all the order in first papi. The smoke hasn't cleared for you yet. Please step aside my friend , this is a daytrader's dream right now..... {quote}
I am glad its working for you, doesn't answer my question though. which was simply what have I missed? that report (with the exception of a small decrease in gasoline stocks) was all bad news. So what's driving this bull trend? surely the rumours from Russia and opec isn't enough
  • #2,250
  • Mar 2, 2016 11:18am Mar 2, 2016 11:18am
I believe the oil market is currently running on hopium. When the spot market dries-up [ ] there will be a sharp downshift.

It was the case that Brent cargoes were having difficulties finding buyers but I haven't heard anything recently.
However today's build of 10-megabarrels is the biggest I've seen for maybe ever....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,251
  • Mar 2, 2016 11:29am Mar 2, 2016 11:29am
I thought I did. I said your analysis may still be correct. You're just not going to see it yet because the market is not finished with all the orders. 2/12 to now.

Could still do what you expected. You just have to factor in the market business part of it all. All markets, not just oil. CAD and AUD vibing off this as well

Quoting S.McDuck
{quote} I am glad its working for you, doesn't answer my question though. which was simply what have I missed? that report (with the exception of a small decrease in gasoline stocks) was all bad news. So what's driving this bull trend? surely the rumours from Russia and opec isn't enough
SPC * Swollen PocketZ Crew!
  • #2,252
  • Mar 2, 2016 11:40am Mar 2, 2016 11:40am
Quoting Exodus
I believe the oil market is currently running on hopium. When the spot market dries-up [ ] there will be a sharp downshift. It was the case that Brent cargoes were having difficulties finding buyers but I haven't heard anything recently. However today's build of 10-megabarrels is the biggest I've seen for maybe ever....
Looking at 1h and 4h charts, it is bullish, although it is not a strong bull. But with such a bearish news of 10million increase, the price went up after 15 minute drop. The bull is powerful, no matter what you think. The market is always right.

I think the deal between Russia and Opec shall be reached, maybe that is the time the bears will strike back.

The market is always right.
  • #2,253
  • Mar 2, 2016 11:50am Mar 2, 2016 11:50am
Quoting Exodus
I believe the oil market is currently running on hopium. When the spot market dries-up [ ] there will be a sharp downshift. It was the case that Brent cargoes were having difficulties finding buyers but I haven't heard anything recently. However today's build of 10-megabarrels is the biggest I've seen for maybe ever....
haha...hopium sounds good.

my take is that at the moment any bear news is taken as chances for a cut. Any bull news will only fire this thing on up. Reality has to set back in first for this to move the "right" way.
  • #2,254
  • Mar 6, 2016 8:33am Mar 6, 2016 8:33am
Quoting Exodus
I believe the oil market is currently running on hopium. When the spot market dries-up [ ] there will be a sharp downshift. It was the case that Brent cargoes were having difficulties finding buyers but I haven't heard anything recently. However today's build of 10-megabarrels is the biggest I've seen for maybe ever....
Hopium is a good explanation as I cant find anything else, I'm expecting a turn at around 36.60 wti
  • #2,255
  • Mar 8, 2016 8:47am Mar 8, 2016 8:47am
Word has it that war will take place next month in The Middle East with Syria,Turkey and Saudi Arabia so oil will go up.
  • #2,256
  • Mar 8, 2016 12:59pm Mar 8, 2016 12:59pm
Also, something I read yesterday concerning how companies are balancing their books by cutting back on exploration.
The effect is that existing fields are naturally reducing their output and thus supply will shrink in many parts of the world.
However........
Quoting stylinex
Word has it that war will take place next month in The Middle East with Syria,Turkey and Saudi Arabia so oil will go up.
...with Iran test-firing some missiles today there could be a lot of upside potential soon.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,257
  • Mar 9, 2016 4:56am Mar 9, 2016 4:56am
Quoting Exodus
Also, something I read yesterday concerning how companies are balancing their books by cutting back on exploration. The effect is that existing fields are naturally reducing their output and thus supply will shrink in many parts of the world. However........ {quote} ...with Iran test-firing some missiles today there could be a lot of upside potential soon.
Test firing missiles is nothing special.. They have to test what they make to make sure they actually leave the ground lol..
America and Israel often test fire missiles as well but they get less media attention.
Important part is making money here and if there is a war in the Middle East next month then oil prices will go up. Let's see where Biden stops off next after Israel
  • #2,258
  • Mar 11, 2016 2:57am Mar 11, 2016 2:57am
Decent article that sums up all the rumours and bulls**t from about freezes and cuts
http://www.bloomberg.com/news/articl...ery-first-step

IEA report imminent so lets see what it says and if we can get some sanity back
  • #2,259
  • Edited 10:34am Mar 11, 2016 8:11am | Edited 10:34am
Quoting S.McDuck
Decent article that sums up all the rumours and bulls**t from about freezes and cuts http://www.bloomberg.com/news/articl...ery-first-step IEA report imminent so lets see what it says and if we can get some sanity back
Exactly McDuck, oil glut remain and getting worse, there's nowhere to store oil and price for storage almost double. I bought it around 27$ and sold above 36. If, if it drops back below 30 I will buy it, if no then will see how thinks unfold in 3-4month..., there's much more "easy" instruments to trade than this headache...
  • #2,260
  • Mar 11, 2016 8:13am Mar 11, 2016 8:13am
Quoting medvic
{quote} Exactly MsDuck, oil glut remain and getting worse, there's nowhere to store oil and price for storage almost double. I bought it around 27$ and sold above 36. If, if it drops back below 30 I will buy it, if no then will see how thinks unfold in 3-4month..., there's much more "easy" instruments to trade than this headache...
You could have played the oil move by shorting USD/RUB. It performed greatly. You can read more on the thread USD/RUB.
"Bulls make money, bears make money, pigs get slaughtered"
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