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Oil and Natural Gas

  • #2,441
  • May 19, 2016 12:46pm May 19, 2016 12:46pm
usoil
-tl's of significants
-watching orange tl
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Wooooohooooo or Boooooohooooo
  • #2,442
  • May 20, 2016 8:41am May 20, 2016 8:41am
oil
Hmmmmmm....
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Wooooohooooo or Boooooohooooo
  • #2,443
  • May 23, 2016 12:10am May 23, 2016 12:10am
Light crude oil is in a bullish mode, the 50 level may act as resistance, lets see if it keeps rallying.
  • #2,444
  • May 23, 2016 1:49am May 23, 2016 1:49am
Looking bearish now. Meeting coming up and new futures contract started today. Basically opened down which is good for bears. Got a feeling we head down for a bit
  • #2,445
  • May 23, 2016 3:15pm May 23, 2016 3:15pm
So I'm not the only one with a suspicion that this rally could be a fake-out. Of course we shall have to wait and see....

A number of the minnows are going bust (so far I have seen one...) and any sustained crash in the price of a barrel may just do it for the rest.
Brazil has started exporting refined fuel because home demand is not consuming it.
The 'developing countries' growth appears to have flat-lined.
There is still hope in the form of India and of course China.
From the FF front page: http://www.telegraph.co.uk/business/...tractors-face/
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,446
  • May 24, 2016 1:14am May 24, 2016 1:14am
Quoting Exodus
So I'm not the only one with a suspicion that this rally could be a fake-out. Of course we shall have to wait and see.... A number of the minnows are going bust (so far I have seen one...) and any sustained crash in the price of a barrel may just do it for the rest. Brazil has started exporting refined fuel because home demand is not consuming it. The 'developing countries' growth appears to have flat-lined. There is still hope in the form of India and of course China. From the FF front page: http://www.telegraph.co.uk/business/...tractors-face/...
thats just part of the whole bearish scene. There has been more bear news than bull news since DOHA but prices go up on every little bull rumor and EIA / API growth or draw.

The price gap between WTI and BCO is also shrinking. I took a closer look and it's not BCO dropping and WTI not following. It's WTI going up but BCO not going up as fast. WTI is over appreciated at the moment and at sometime it will have to balance back. If BCO prices do rise accordingly though then we know that oil prices are going up just as they should.
  • #2,447
  • May 24, 2016 3:01am May 24, 2016 3:01am
Quoting kweiss10
... The price gap between WTI and BCO is also shrinking. ...
The price differential has often intrigued me. Do you know why WTI should be considered less valuable than BCO?
(genuine question, because I don't know...)
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,448
  • May 24, 2016 4:21am May 24, 2016 4:21am
Quoting Exodus
{quote} The price differential has often intrigued me. Do you know why WTI should be considered less valuable than BCO? (genuine question, because I don't know...)
I don't know either. I guess what I have is "price anchoring". Basically the first price I see is the "correct" price. In this case it is that WTI is lower than BCO. Maybe BCO should be lower than WTI.

Any insights?
  • #2,449
  • May 24, 2016 4:30am May 24, 2016 4:30am
Quoting Exodus
{quote} The price differential has often intrigued me. Do you know why WTI should be considered less valuable than BCO? (genuine question, because I don't know...)
To answer your question: http://www.investopedia.com/articles...-and-dubai.asp
"Bulls make money, bears make money, pigs get slaughtered"
  • #2,450
  • May 24, 2016 4:34am May 24, 2016 4:34am
Quoting manosk
{quote} To answer your question: http://www.investopedia.com/articles...-and-dubai.asp
Actually a better reference for the difference in price is this (and actually a good guide):
https://www.cannontrading.com/tools/...he-difference/
"Bulls make money, bears make money, pigs get slaughtered"
  • #2,451
  • May 24, 2016 9:12am May 24, 2016 9:12am
Quoting kweiss10
{quote} I don't know either. I guess what I have is "price anchoring". Basically the first price I see is the "correct" price. In this case it is that WTI is lower than BCO. Maybe BCO should be lower than WTI. Any insights?
It costs more to get Brent out of the ground, except that it seems as if not all Brent comes from the North Sea.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,452
  • May 24, 2016 9:18am May 24, 2016 9:18am
Quoting manosk
{quote} To answer your question: http://www.investopedia.com/articles...-and-dubai.asp
Thanks, that was useful.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,453
  • May 27, 2016 8:17am May 27, 2016 8:17am
Brent didn't hang above $50 for very long..... :nerd:
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,454
  • Jun 1, 2016 6:31am Jun 1, 2016 6:31am
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  • #2,455
  • Jun 5, 2016 7:47am Jun 5, 2016 7:47am
Long certain types of industrial metals....
https://vimeo.com/161138986
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,456
  • Jun 5, 2016 10:45am Jun 5, 2016 10:45am
Big drop last week.
  • #2,457
  • Jun 6, 2016 9:03am Jun 6, 2016 9:03am
First day of Ramada across the Middle East and oil is up. Perhaps this was a gift to them? Up almost 3% is a lot in terms of oil. Perhaps new highs during this coming month.
  • #2,458
  • Jun 9, 2016 9:04am Jun 9, 2016 9:04am
https://lcchong.wordpress.com/2016/0...es-9-jun-2016/
  • #2,459
  • Jun 9, 2016 9:28am Jun 9, 2016 9:28am
I have been waiting for this pullback to get long on oil for a continuation of the trend

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  • #2,460
  • Jun 9, 2016 9:47am Jun 9, 2016 9:47am
Quoting GqOrlando
I have been waiting for this pullback to get long on oil for a continuation of the trend {image}
will oil go to 55 ?
it rubs the lotion on its skin
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