Oil and Natural Gas

UkOil $75 ?

Oil could crash for the third push down (aiming ~5$ lower) today.
k

long USOIL @ 68

It didn’t go as fast as on June 15/18, but ultimately it went down without producing a new higher high. I expect the scenario to continue as outlined above.
k

Brent may already ready for tank next day or so , 1st signal /bo 74.52 , confirmation at 70.49 to tank towards 62. test short already taken . retest near top/now tl also normal, so may gap up even .take care , fontu

Why not drop up to 60 $. WTI ?

The actual Crude Oil outlook based on Elliott from Wavetrack (120 min data).

Sixer

vs the actual price

The Brent chart is also interesting, holding above $80 ... at least temporarily

Im going to take at 100

https://www.reuters.com/article/us-r...-idUSKCN1MD0Y8

Lol, they are playing ping-pong with price

Guys, I'm actually looking for a buy from 79.72-769.16

sixer, your count was fantastic!!! what about giving some idea for this week? Thanks

so what about 100 hihi, going fast down and this time should go lower, long-term target 17

5 times sold today all break even, so tired

not sure it is a good place to short
but the direction is good, 17 next year
gl

Crude oil API number is in the negative zone and the EIA number follows the API data very often. so, its very likely that we will see a negative number in EIA crude oil stock change also the previous EIA data released was 10.27M which is the at the peak of inventory capacity and if we check the historical data, 10 M seems to be the upside for crude oil inventories.
So, it's highly likely that we will see EIA crude oil inventories decreasing today and the fundamentals indicating the upside move for the crude oil is about to start soon.
I am expecting the upside around $60-62 before the OPEC comes into action.

Hello fellow traders,

Crude Oil Brent h1 chart, consider short?

Thanks

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