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Quoting Zebi
price didnt get to 75 so have had to chase shorts....hope the saudis keep cutting production even more so we see 50 dollar oil LOL
i know but check the price it dropped so hard, any reasons behind it?
Quoting Musss
{quote} i know but check the price it dropped so hard, any reasons behind it?
probably the unemployment number...fed hikes working sending usa into a recession....im out oil..not going long but have a buy signal
Quoting Zebi
{quote} probably the unemployment number...fed hikes working sending usa into a recession....im out oil..not going long but have a buy signal
price?
Quoting Musss
{quote} price?

price of what?
hourly close above that line price will prolly get back to 73
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Quoting Jolita
{quote} Hi Temujin, hope all is well and thanks for the opinions shared, appreciate. The cuts can also be interpreted as a low demand (which we know is not, just cooling).Summer contracts will ease tension. I wil buy second half of Aug. Any hint on US bank interest rate hike - lowers oil price, strong dollar weak oil, and visa versa. Also, have you seen any news on auction re: Fed oil purchase contract? Interesting which company was appointed.
3mln barrels purchased at $73/barrel from 5 companies.
New purchase of additional 3mln bid for Sept scheduled for 20th of June and with deal acceptance on 30th of June.
Mark the dates.


https://www.energy.gov/articles/doe-...enishment?s=09
Quoting Jolita
{quote} 3mln barrels purchased at $73/barrel from 5 companies. New purchase of additional 3mln bid for Sept scheduled for 20th of June and with deal acceptance on 30th of June. Mark the dates. https://www.energy.gov/articles/doe-...enishment?s=09
This should see price up to around 75 to 80 in the coming days/week
Quoting beejay
{quote} This should see price up to around 75 to 80 in the coming days/week
At the 200 WEEK Moving Average now. Not a flimsy support $67.40.
Be humble or be humbled.
Quoting Temujin
{quote} At the 200 WEEK Moving Average now. Not a flimsy support $67.40.
I reckon will revisit $64 -$63.80 and if under lower lows possibility.

Closed my last sell today. Too low to sell, would buy lower, watching.


Weekly chart dead cross near by
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i got a sell signal on daily tho since its a 1/2 day today price may jump up tomorrow and ill whack this baby from 72.50 to 73
Quoting Zebi
i got a sell signal on daily tho since its a 1/2 day today price may jump up tomorrow and ill whack this baby from 72.50 to 73

beautiful...just like me and the chart said LOL

targets 60 so hope saudis cut even more production so price gets there sooner LOL

they better start cornering the glass making market cause thats all theyll have left in 10 years is their sand
Quoting Zebi
{quote} beautiful...just like me and the chart said LOL targets 60 so hope saudis cut even more production so price gets there sooner LOL they better start cornering the glass making market cause thats all theyll have left in 10 years is their sand
They’re diversifying like crazy in anticipation of that event. All you need to sustain an empire is a few trillion and then who needs resources?
Russian Conflict was gonna push the Oil price Higher the coming Week . Probably $80
Quoting Ch23
Russian Conflict was gonna push the Oil price Higher the coming Week . Probably $80
so this why the dump?
Don't press the button before you reach the bottom. -Old chinese saying
Quoting Ferna
{quote} so this why the dump?
This Week's fundamentals are gonna tell us what's going on.
if oil spikes to 74 over the russian civil war crisis since the dramas already fizzled ill short it since the part of the world aligned with usa cant buy russian oil so who cares if its kept from market?...only speculators will push it up and this news just like the saudi production cuts will probably get oil sold off charts showing a drop to 60 so be contrarian and dont believe the bullshit
Quoting Ch23
Russian Conflict was gonna push the Oil price Higher the coming Week . Probably $80
thats way too far to be even IF Wagner continue his play, The darkside want oil down so its down and many signs told us that. good luck to all mates
Let me fill my acount wallet then will take Ur advice
i trade using price action...more to the point chart reading or tape reading like the old timers did 100 years ago and even before to charles dow

price jumped after the first saudi cut but soon started falling....im very proud of myself cause i was shorting that...if anyone is interested you can scroll back and read my posts LOL..even shorted XOM and that was the best trade of my life

going on...the market wasnt fazed by the second saudi cut announced this month and it shit on the saudis head right away LOL

now we're to the russian civil war crisis and people worrying about oil that 1/2 the world cant buy LOL..

the charts show a target at 60 and price has to get there come hell or high water so this excuse about russian oil should make us drop beneath the support line cause the saudi cuts cant even get price to go up

so my advice to people is learn to READ A CHART LOL
thats why if price can get above 73 to about 74 im shorting again


edit: i measnt to post this in the crude oil thread but oh well LOL
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Quoting rafat habeb
{quote} thats way too far to be even IF Wagner continue his play, The darkside want oil down so its down and many signs told us that. good luck to all mates
Yeah, price is being suppressed for sure to bankrupt Russia's war chest. There have been some draw downs some weeks so it will keep price supported.
Be humble or be humbled.
I want to se the retest it in the area of 74.0 - 73.0 and touch the 8EMA Daily , then look for a HH and a HL in 1h where I put a fibb, with a final TP in the area of 82.5 - 83.0!!

Entry 1 : Fib 60 , SL below 78.6 [ Entry 74.030 - SL 73.300 - TP Final 82.600 ( RR 1/11.74 )].
Entry 2 : Fib 78.6 , SL below 88.6 [ Entry 73.400 - SL 72.980 - TP Final 82.600 ( RR 1/21.9 )].
Entry 3 : Fib 88.6 , SL Below Low [ Entry 73.050 - SL 72.550 - TP Final 82.600 ( RR 1/19.2 )].

TP1 last High, TP2 78.0, TP3 82.5 - 83.5! After each TP, SL will move to BE.

The worst thing that can happen is to lose 3 in a row (3%), but IMB-UP is already confirmed, I doubt that all 3 will be lost, if all 3 are really lost, I will look for another rejection to give it a new Fib on 1h timeframe with the same TP but with smaller SL.
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