Oil and Natural Gas | Page 117 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Natural gas trading 113 replies

Natural Gas Stopped out Bad start 8 replies

Why is natural gas going down? 6 replies

Differences in Oanda natural gas prices? 6 replies

natural gas - 10 consecutive red candles in a row 10 replies

Attachments: Oil and Natural Gas
Exit Attachments

Oil and Natural Gas

  • #2,321
  • Apr 22, 2016 8:29am Apr 22, 2016 8:29am
Quoting medvic
{quote} Exodus, what is your position on oil, NG now? any projections? I'm holding oil till 46-47 then sell 50% the rest to 55 max..., sold NG too early, waiting to re-establish long thinking it should rise despite coming summer something like in 2012..., but NG is quite in a blurry picture for me, buying just in case of inflation and general energy bullishness... Thanks and have a green day... ( :
I have no open positions on Oil or NG. I can't understand why it is going up, but the uptrend is there for all to see.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,322
  • Apr 27, 2016 12:01pm Apr 27, 2016 12:01pm
That drop in oil today from over 45 to under 44 was pathetic. Dropped to take out all stop losses and the reversed back up again
  • #2,323
  • Apr 27, 2016 12:29pm Apr 27, 2016 12:29pm
Quoting stylinex
That drop in oil today from over 45 to under 44 was pathetic. Dropped to take out all stop losses and the reversed back up again
it's a backtesting, sold it, it should move lower now...
  • #2,324
  • Apr 27, 2016 12:56pm Apr 27, 2016 12:56pm
the move back up from 44 today does not have much volume behind it. it could be some precaution rise before Yellen starts talking in 5 minutes. The reaction I believe is going to be epic. Either blast up or ride down but the charts show over bought. And lots of longs got stopped out today after the EIA came out worst than the API.
  • #2,325
  • Apr 27, 2016 6:34pm Apr 27, 2016 6:34pm
Next resistance on oil may be the 46.00 level, but the bullish trend is still in effect. to the downside, the 42.00 may act as support.
  • #2,326
  • Apr 27, 2016 9:22pm Apr 27, 2016 9:22pm
my view usoil

Attached Image (click to enlarge)
Click to Enlarge Name: usoilweeklyapril272016crabandchannel.png Size: 128 KB
Wooooohooooo or Boooooohooooo
  • #2,327
  • Apr 27, 2016 10:42pm Apr 27, 2016 10:42pm
Quoting gnomoneey
my view usoil {image}
You are quite bullish on oil It would need to break out above $46 for that possibility to occur or it could head back down again according to your chart
  • #2,328
  • Apr 28, 2016 1:28am Apr 28, 2016 1:28am
Quoting medvic
{quote} it's a backtesting, sold it, it should move lower now...
dont fight the trend
"Bulls make money, bears make money, pigs get slaughtered"
  • #2,329
  • Apr 28, 2016 1:29am Apr 28, 2016 1:29am
Quoting gnomoneey
my view usoil {image}
very interesting. My view as well
"Bulls make money, bears make money, pigs get slaughtered"
  • #2,330
  • Apr 28, 2016 10:09am Apr 28, 2016 10:09am
Quoting manosk
{quote} very interesting. My view as well
wait for me... let me buy at 42 or so again...
  • #2,331
  • Apr 28, 2016 9:40pm Apr 28, 2016 9:40pm
Potential medium term short setup ......... anytime soon.
Attached Image (click to enlarge)
Click to Enlarge Name: USOil 29Apr16.png Size: 58 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #2,332
  • Apr 29, 2016 2:19am Apr 29, 2016 2:19am
Quoting skyhok
Potential medium term short setup ......... anytime soon. {image}
wow, I hope this scenario doesnt materialize...a drop from 45 to 20 in such a short period of time...and then back up. It will kill all the traders in the market
"Bulls make money, bears make money, pigs get slaughtered"
  • #2,333
  • Apr 29, 2016 2:51am Apr 29, 2016 2:51am
Quoting skyhok
Potential medium term short setup ......... anytime soon. {image}
So you are predicting a drop to $35 then back up to around current prices before tanking to new lows. This would mean world stock indexes are going to see a similar correction I take it
  • #2,334
  • Apr 29, 2016 2:53am Apr 29, 2016 2:53am
A sub$30 spike (>2 days wide) would be very nice for other reasons.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,335
  • Apr 29, 2016 3:17am Apr 29, 2016 3:17am
Oil refineries will start to come back online suppressing the price again
TE started 6/4/19
  • #2,336
  • Apr 29, 2016 6:19am Apr 29, 2016 6:19am
Quoting Marz30
Oil refineries will start to come back online suppressing the price again
As long as people expect oil to crush, oil will be climbing. For the past 3 months we have been hearing all sorts of "credible" explanations why oil cannot rise but at the end of the day the market will give you the facts and as usual we will be rushing to find reasons why what happened happened. In the mean time the motto is the trend is your friend.
"Bulls make money, bears make money, pigs get slaughtered"
  • #2,337
  • Apr 29, 2016 6:37am Apr 29, 2016 6:37am
Quoting stylinex
{quote} So you are predicting a drop to $35 then back up to around current prices before tanking to new lows. This would mean world stock indexes are going to see a similar correction I take it
forget it, oil officially divorced stock market already..., as for this E waves - we lucky if we see it come back to 35..., kicking myself sold at 44.68 thinking too overbought...
  • #2,338
  • Apr 29, 2016 9:23am Apr 29, 2016 9:23am
Quoting manosk
{quote} As long as people expect oil to crush, oil will be climbing. For the past 3 months we have been hearing all sorts of "credible" explanations why oil cannot rise but at the end of the day the market will give you the facts and as usual we will be rushing to find reasons why what happened happened. In the mean time the motto is the trend is your friend.
huh?? It's supply and demand here. Refiners have been shutting down due to the low price decreasing supply now that the price goes back up they come back online... this is not a 'credible' source this is how business works...
TE started 6/4/19
  • #2,339
  • Apr 29, 2016 11:33am Apr 29, 2016 11:33am
Quoting stylinex
{quote} So you are predicting a drop to $35 then back up to around current prices before tanking to new lows. This would mean world stock indexes are going to see a similar correction I take it
Comes to think of it, SPX is taking it well so far declining against the 2111.40 top, will see if Oil declines, whether they are correlated or not.
Quoting skyhok
Careful of deep retracement on 5th leg of (expanding) ending diagonal (c) of correction 4. Trading from 2111.40 top SL @ top 2 target wave a of zigzag. {image}
Elliott Wave for optimum entry, exit and risk management of trades
  • #2,340
  • Apr 29, 2016 11:42am Apr 29, 2016 11:42am
Quoting manosk
{quote} wow, I hope this scenario doesnt materialize...a drop from 45 to 20 in such a short period of time...and then back up. It will kill all the traders in the market
It has been in whipsaw price action in corrective 4th wave since Jan 2015, and still is. Such fluctuation in price is not a surprise.
Elliott Wave for optimum entry, exit and risk management of trades
2 traders viewing now