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Oil and Natural Gas

  • #2,581
  • Dec 11, 2016 4:29am Dec 11, 2016 4:29am
Quoting Exodus
{quote} I am interested to know where the 300-million barrel stockpile is held. If it is not distributed around the globe then prices could recover sharply when there is an up-tick in demand.
Â
An uptick in demand is linked to the global economy improvement.. Which is still not the case...! Correct me if I am wrong...! RegardsÂ
Â
  • #2,582
  • Dec 11, 2016 8:21am Dec 11, 2016 8:21am
Good move last week.
  • #2,583
  • Dec 11, 2016 12:05pm Dec 11, 2016 12:05pm
Quoting ahmedfouad77
{quote} An uptick in demand is linked to the global economy improvement.. Which is still not the case...! Correct me if I am wrong...! Regards
The global economy does seem to be slow. However I re-state, if there is an up-tick in demand which has to be met from the spot market then prices could recover sharply. True I did not phrase it like before, and it depends upon the distribution of the storage of the surplus.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,584
  • Dec 11, 2016 3:19pm Dec 11, 2016 3:19pm
Quoting Exodus
{quote} The global economy does seem to be slow. However I re-state, if there is an up-tick in demand which has to be met from the spot market then prices could recover sharply. True I did not phrase it like before, and it depends upon the distribution of the storage of the surplus.
This is what I'm looking at for long term.
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Wooooohooooo or Boooooohooooo
  • #2,585
  • Dec 11, 2016 3:20pm Dec 11, 2016 3:20pm
Quoting gnomoneey
{quote} This is what I'm looking at for short and long term. {image}
Short term- inverse hs that is about to take off?
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Wooooohooooo or Boooooohooooo
  • #2,586
  • Dec 11, 2016 3:25pm Dec 11, 2016 3:25pm
Quoting Vantage FX
Those pesky head and shoulders... {image}
What about this potential hs with right shoulder just forming. Maybe?
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Wooooohooooo or Boooooohooooo
  • #2,587
  • Dec 11, 2016 4:16pm Dec 11, 2016 4:16pm
Quoting gnomoneey
{quote} What about this potential hs with right shoulder just forming. Maybe? {image}
Ny times really trying hard to push oil prices lower with this articcle

http://mobile.nytimes.com/2016/12/10...exfactory.com/
Wooooohooooo or Boooooohooooo
  • #2,588
  • Dec 11, 2016 4:58pm Dec 11, 2016 4:58pm
Oil is doing well at the moment after the success of the OPEC deal, what remains now is how the big producers will contribute their output cuts.
  • #2,589
  • Dec 11, 2016 5:15pm Dec 11, 2016 5:15pm
Quoting _BBKing_
{quote} It s possible. but even a straight continuation up is an option!
Indeed...
90% of traders use TA, indicators and prediction
  • #2,590
  • Dec 11, 2016 5:34pm Dec 11, 2016 5:34pm
something to think about.....
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  • #2,591
  • Dec 11, 2016 5:42pm Dec 11, 2016 5:42pm
Quoting gnomoneey
something to think about..... {image}
and now think about this tl as resistance from Saturday's oil production cuts
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Wooooohooooo or Boooooohooooo
  • #2,592
  • Dec 12, 2016 10:10am Dec 12, 2016 10:10am
Are they gonna retrace whole gap at some point?
  • #2,593
  • Dec 12, 2016 12:40pm Dec 12, 2016 12:40pm
Quoting merquise
Are they gonna retrace whole gap at some point?
As long as price is above 52 it's still bullish ATM
Wooooohooooo or Boooooohooooo
  • #2,594
  • Dec 12, 2016 3:39pm Dec 12, 2016 3:39pm
Hi gno, been awhile..........

I posted these on the GOLD thread yesterday.
http://www.forexfactory.com/showthre...38#post9337338
http://www.forexfactory.com/showthre...53#post9337353

Will post here in future.
Cheers mate!
Wait, or you will be slaughtered!
  • #2,595
  • Dec 12, 2016 4:18pm Dec 12, 2016 4:18pm
Quoting Uturn2
Hi gno, been awhile.......... I posted these on the GOLD thread yesterday. http://www.forexfactory.com/showthre...38#post9337338 http://www.forexfactory.com/showthre...53#post9337353 Will post here in future. Cheers mate!
Hey Robert
hope everything is going well for you.
Are you still down under or back home now?
You're welcome to Post away here.
Wooooohooooo or Boooooohooooo
  • #2,596
  • Dec 12, 2016 6:53pm Dec 12, 2016 6:53pm
Quoting gnomoneey
{quote} As long as price is above 52 it's still bullish ATM
it seems to be supporting at the moment.....if this is true then next level is 62.56 from 2015,05-06
Wooooohooooo or Boooooohooooo
  • #2,597
  • Dec 12, 2016 8:06pm Dec 12, 2016 8:06pm
usoil

weekly trends
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daily trend.....what's next?
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Wooooohooooo or Boooooohooooo
  • #2,598
  • Dec 14, 2016 9:07am Dec 14, 2016 9:07am
Quoting gnomoneey
{quote} As long as price is above 52 it's still bullish ATM
Will this be enough to drop usoil to 47?

http://www.forexfactory.com/news.php?do=news&id=623024
Wooooohooooo or Boooooohooooo
  • #2,599
  • Dec 14, 2016 9:37am Dec 14, 2016 9:37am
Quoting gnomoneey
{quote} Will this be enough to drop usoil to 47? http://www.forexfactory.com/news.php?do=news&id=623024
I think this will: http://www.economiccalendar.com/2016...ti-dips-lower/ down together with stocks next week...
  • #2,600
  • Dec 14, 2016 1:46pm Dec 14, 2016 1:46pm
OPEC cuts will take prices up, but big non-OPEC producers are eager to take more marketshare. Plus: rigcount in USA alone is back to about 650, contrary to around 350 in last June.

I don't think the bulls are on a winning streak just yet.
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