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Oil and Natural Gas

  • #2,721
  • Mar 22, 2017 9:18pm Mar 22, 2017 9:18pm
Quoting diana91
Long at 48. Current price 48.15. This instrument is now reacting to fundamentals in weird way. Many have expected further drop due to EIAs bearish report today, but seems that it was already priced in prior to report release. Currently, the pair has regained all loss it suffered during day. One of the reason might be that there is a hint that oil inventories are being used, due to consistent gasoline inventory draw, and due to expected summer drawdown. Also, the OPEC members seems to agree with further production cuts, but they also note that collaboration...
oil to go lower, just watch this trap ..., move your stops to get even.
  • #2,722
  • Mar 23, 2017 5:12pm Mar 23, 2017 5:12pm
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  • #2,723
  • Apr 4, 2017 11:16am Apr 4, 2017 11:16am
Quoting diana91
Long at 48. Current price 48.15. This instrument is now reacting to fundamentals in weird way. Many have expected further drop due to EIAs bearish report today, but seems that it was already priced in prior to report release. Currently, the pair has regained all loss it suffered during day. One of the reason might be that there is a hint that oil inventories are being used, due to consistent gasoline inventory draw, and due to expected summer drawdown. Also, the OPEC members seems to agree with further production cuts, but they also note that collaboration...
For my lack of patience during these wonderful market opportunities, can someone take a hammer or something and hit me in the head as much as they can?

Thank you in advance.
"Don't lose your cool, and you will fare well".
  • #2,724
  • Apr 4, 2017 11:26am Apr 4, 2017 11:26am
Quoting diana91
{quote} For my lack of patience during these wonderful market opportunities, can someone take a hammer or something and hit me in the head as much as they can? Thank you in advance.
not only you needs a hammer Diana... thankfully I'm with NG since March 2016..., will enter oil only after I see intermediate cycle low, hopefully you're not chasing it...
  • #2,725
  • Apr 4, 2017 11:35am Apr 4, 2017 11:35am
Quoting medvic
{quote} not only you needs a hammer Diana... thankfully I'm with NG since March 2016..., will enter oil only after I see intermediate cycle low, hopefully you're not chasing it...
Nope, it's over now. I don't see a good entry point at this time. And I don't believe we will return below 50 anytime soon.

summer is coming, isn't it? And a new OPEC deal is on the horizon.
"Don't lose your cool, and you will fare well".
  • #2,726
  • Apr 5, 2017 5:21am Apr 5, 2017 5:21am
Quoting skyhok
USOIL may or may not have bottomed, while the longer-term target of 53.30 is holding, further tracing out expanding ranges for trading. {image}
HI Skyhok
Hope your well and collecting pips.
The quoted charted ........running smoothly in pattern ....any additions as the time has past.

Regards A fan

Nutts
  • #2,727
  • Edited 10:19am Apr 5, 2017 9:44am | Edited 10:19am
Jumped on the short train.

100 barrels at 51.4

SL: 52
TP: When I choose to.
"Don't lose your cool, and you will fare well".
  • #2,728
  • Apr 5, 2017 9:45am Apr 5, 2017 9:45am
Quoting diana91
Jumped on the short train.
I think it will go up. I just did the opposite.
  • #2,729
  • Apr 5, 2017 9:48am Apr 5, 2017 9:48am
Quoting Fadhl
{quote} I think it will go up. I just did the opposite.
Inventory rise amid expectations of decline, this might awaken the bears who just took a nap for the past several days.

We'll see.
"Don't lose your cool, and you will fare well".
  • #2,730
  • Apr 5, 2017 9:54am Apr 5, 2017 9:54am
Quoting diana91
{quote} Inventory rise amid expectations of decline, this might awaken the bears who just took a nap for the past several days. We'll see.
We have strong economic data across the board as well as war risk in Middle-East and North-Korea and Summer might push up oil price. GL anyway!
  • #2,731
  • Apr 5, 2017 10:18am Apr 5, 2017 10:18am
Quoting Fadhl
{quote} We have strong economic data across the board as well as war risk in Middle-East and North-Korea and Summer might push up oil price. GL anyway!
Very wishful thinking. We saw oil slide in the face of actual war in Ukraine and similar Middle-East conflicts (when is there no middle Middle-East conflict???). Bottom line, market is well supplied and more supply is coming.
  • #2,732
  • Apr 5, 2017 10:22am Apr 5, 2017 10:22am
51 got shattered like it was made of paper thin glass.

(Actually, it was made of it. Or something like it).
"Don't lose your cool, and you will fare well".
  • #2,733
  • Edited 11:48am Apr 5, 2017 11:06am | Edited 11:48am
Quoting Fadhl
{quote} We have strong economic data across the board as well as war risk in Middle-East and North-Korea and Summer might push up oil price. GL anyway!
Summer tends to push down prices. Nobody wants heating oil in the Summer.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,734
  • Apr 5, 2017 11:24am Apr 5, 2017 11:24am
Quoting mediaboy
{quote} Very wishful thinking. We saw oil slide in the face of actual war in Ukraine and similar Middle-East conflicts (when is there no middle Middle-East conflict???). Bottom line, market is well supplied and more supply is coming.
Yeah my wishes seem taking place, isn't?
  • #2,735
  • Edited 12:10pm Apr 5, 2017 11:37am | Edited 12:10pm
Quoting Fadhl
{quote} Yeah my wishes seem taking place, isn't?
We are still going to end this day with a shooting star. Bulls cannot breach 51.35 for now.

And we have an oil rig count tomorrow. Pay attention to that.

(Oil rig count is Friday, and I was convinced it is Thursday today. Apologies).
"Don't lose your cool, and you will fare well".
  • #2,736
  • Apr 5, 2017 12:00pm Apr 5, 2017 12:00pm
Fadhl, are you Natural gas trader too? It has been following inventories report very appropriately lately.
"Don't lose your cool, and you will fare well".
  • #2,737
  • Apr 5, 2017 1:42pm Apr 5, 2017 1:42pm
Quoting diana91
Fadhl, are you Natural gas trader too? It has been following inventories report very appropriately lately.
No, I never traded natural gas!
  • #2,738
  • Edited 9:05pm Apr 5, 2017 8:52pm | Edited 9:05pm
Quoting diana91
{quote} We are still going to end this day with a shooting star. Bulls cannot breach 51.35 for now. And we have an oil rig count tomorrow. Pay attention to that. (Oil rig count is Friday, and I was convinced it is Thursday today. Apologies).
not to mention that shooting star is off of a 61.8 fib and a fractal trendline...I am a seller, short and long term i suspect. i expect that wolfe wave to play out.
  • #2,739
  • Apr 5, 2017 9:13pm Apr 5, 2017 9:13pm
Quoting nutts
{quote} HI Skyhok Hope your well and collecting pips. The quoted charted ........running smoothly in pattern ....any additions as the time has past. Regards A fan Nutts
It's all about expanding diagonal wave Cs, (c) yellow within another larger scale c red - very complex!
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Elliott Wave for optimum entry, exit and risk management of trades
  • #2,740
  • Apr 6, 2017 6:14am Apr 6, 2017 6:14am
Out at 51.15. Too much upward pressure.
"Don't lose your cool, and you will fare well".
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