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Sweet, sweet Oil

Buy ccrude nw sl 79.20 tgt 80.90-82$
that's fact oil should go down when the second wave of crisis will come, but probably gold should go up as this is a good invesment for bad times.
Oil is headed up this year...
Quoting gicho
that's fact oil should go down when the second wave of crisis will come, but probably gold should go up as this is a good invesment for bad times.
When do you imagine 'the second wave of crisis' will happen and why do you think it's due? Can you tell us more about your thoughts on this please?
Inventories are around highs and many governments are plowing stimulus into green energies such as the UK that is giving 0% business loans to companies to install things like wind turbines. I think we are getting near the lows for oil but then again its winter when oil is usually at its most expensive.
The greatest force on earth is compound interest.
Though oil prices seems to be speeding up, i don't think that it'll cross 100$ before june ,2010.........
I bought today for mid-term trade.. TP somewhere around 77, SL below 70.93
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Pation is the Holy Grail
I think we saw the bottom at the 70,7 level.

SL at 70 TP at 76
Hi everybody, im interesting in this commodity. it is surprising for me, the few answers in this topic.

oil today has been a powerful movement to up.

in eur/usd most people says it goes down... at the moment oil is been clearly bullish

(sorry for my english)
Looks like it found support @ 72.40 area.
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I recently started trading oil and would like hear from other members.
Thank you.
i really wish i had found a reliable spot curde oil dealer back when oil was actually dipping to 30-40$ again from the highs of $145. because i didnt really trust most of the CFD provdiers i ended up getting exposure with some stock ETFs and they have NOT tracked crude oil at all.

the futures roll over prices just destroyed any gains. FUTURES etfs are ripoffs
Quoting CzechTrade
i would be careful with buying after such a sell off.. i think price could go even lower and go back under 80.. if so i think 79.80-79.70 would be a good area to buy for like 40 pips
its actually very interesting to hear about crude being talkeda bout in pips hah ive always played it on a fundamental basis and none leveraged. who thinks crude will top 100$ this year 2010??
I think Crude will eventually make new highs...in the next 5 years. Actually I'm very bullish in the commidities sector. Ive been long Oil for a long time and still holding!
I've been trading BRENT.

Short term (1-2 month) I'm bearish but with clear resistance at 7110. Currently short from 7900 (yesterday) using PA and Fib. Target 7570. Tight stop at 7923 although a break of 8000 would be a keener sign of price wanting to carry on up.

If the 7380-7400 region holds I'll be bullish, PA to confirm in the next week or so?

I like the shape of Brent on the daily, some clear levels and solid PA on the bars.
"I made all my money by selling too soon"
Good call thus far, I'm +90 pips in quite a short space of time.
"I made all my money by selling too soon"
Quoting Stacey
I think Crude will eventually make new highs...in the next 5 years. Actually I'm very bullish in the commidities sector. Ive been long Oil for a long time and still holding!
exactly how long?
Well I got this one right too as it's fallen away nicely, glad I started trading oil!
"I made all my money by selling too soon"
Quoting Bleek
Well I got this one right too as it's fallen away nicely, glad I started trading oil!
Hi giuys I started trading oil as well and would lioke some setup ideas., if any.Currently I learnt something from a protrader that is to wait for the price to rise then sell rather buy up.This seems to work well.Please post your ideas.Thank U.
Quoting ingmar82
You mean selling the new highs it makes during the day, or new lows i know this technique oil always retrace a lot after big move but sometimes it is dangerous. Beacause when you think it is over big buyer enters and boom it hit even higher. You have maybe have a good system for trading cl.



p.s i am kind of new here on ff before on other forums, i think i already like it here because the diversity
Yes. Wait for the price to rise and then take the trip dow. All you need is $1 dirrence in the price.So far this has worked quite well.Shorting oil appears to be easier than going long(Lpng=Climbing the wall o' worry!).
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