- Search Energy EXCH
- 45 Results (1 Thread , 44 Replies )
- michaelpelly replied Mar 18, 2020
All in - will buy it until 0! I missed a good opportunity (got some pennies) last time it was around $26 - same talks, same fears - it bounced wildly!
- michaelpelly replied Jan 30, 2020
Well, it is never “clear” when a jumpback correction is turning to a price reversal - last time the prices touched 1.6 - there were no “writings on the wall” - it just started to climb and went beyond 3.0. I usually tend to look at the price levels ...
- michaelpelly replied Jan 18, 2020
Oh boy! Price is dipping under $2.00 - time to rip it a new asshole - I’m buying every dip!
- michaelpelly replied Nov 12, 2019
Honestly - I’ve never had the “right” swing sentiment - every time it is either a little bit later or a little bit sooner :-). The only real tool I have is a consideration when a price is “low enough” - especially for energies. And also - how much ...
- michaelpelly replied Nov 6, 2019
I’m with you on this - have some capital buffer on the side of Sweet Crude slides good bellow 50. It bottoms somewhere between December and February.
- michaelpelly replied Aug 25, 2019
Yes, I do only reversal speculations - usually on weekly/monthly chart pattern (but mostly just by the price levels) - try to keep it as simple as it can go.
- michaelpelly replied Aug 24, 2019
US oil :-) I’m not specialist in gas and copper - just trying to buy commodities that were suppressed for couple (3-6) months. I even do no keep capital in the markets all the time - only when monthly reversal opportunities start to show. Currently ...
- michaelpelly replied Aug 22, 2019
For the last 2.5 years I’m trading only commodities (primarily US oil, NGAS and Copper) while applying simple rule - buy as low as it goes and ride out the upward move. It happens 1-2 times per year but it pays out very well. What usually is unknown ...
- michaelpelly replied Aug 22, 2019
Keep in mind that NGAS is falling couple months consecutively. I expect wild moves next couple weeks - probably downward pressure - but short lived. No trend goes forever.
- michaelpelly replied Apr 26, 2019
I told you this crippled and artificial price lifting for the last weeks was unnatural behavior. Now it started to come to its senses.
- michaelpelly replied Apr 23, 2019
Well, the problem with the hype when oil or commodities are hysterical in the financial media is that trends suddenly end and reverse - I still remember when I was saying when WTI was about $50 back in November 2018 that downtrend is near - everyone ...
- michaelpelly replied Apr 22, 2019
Just caution when going long. It is likely the Oil to continue to climb but watching the chart I see almost unnatural overbought state (not a single red week candle) - there will be 6-8$ correction at least - it will happen somewhere in the next 2-4 ...
- michaelpelly replied Apr 11, 2019
I was wondering the same...
- michaelpelly replied Apr 11, 2019
Advice - strategic oil buy is always an idea, but at these levels, after so much bullish squeeze - I would suggest you wait for some deep correction before putting some longs.
- michaelpelly replied Apr 10, 2019
Oil price pumping became a pure speculation after 55-57$ couple weeks ago: url I guess if tomorrow things play-out wrong at OPEC meetings - some of these hedge-funds speculations might turn into this: video
- michaelpelly replied Apr 10, 2019
I also have some shorts - not unreasonable at these levels.
- michaelpelly replied Apr 9, 2019
Kinda smell “buy the rumour, sell the fact” scenario here - with the OPEC meeting in 2 days and all financial media frantically urge that price will go up ...
- michaelpelly replied Apr 8, 2019
Oil could be scary - I remember when it went to $42 (end of 2018) and reversed with no bottoming sign - I've had longs all the way from 52 to 45 - waited 6 weeks and those became on profit. I would be very cautious to go long on current levels after ...
- michaelpelly replied Apr 8, 2019
It went crazy
- michaelpelly replied Feb 3, 2019
Discussion is about natural gas. A very needed commodity with a lot of geopolitical factors that would require to keep the prices up. I guess if we go deep enough in stupid examples we can put as trading example - mmmmm, let’s say - the smell of my ...