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Oil and Natural Gas

Ngas
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Continuation:
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Next wave can be huge if some support appear
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im still holding my long contract in august @61.68 even though august crude is @60.13 as i type this.

Today's 2 dollar drop was more of getting out of july contracts than a fundamental move
We are moving lower which is good, since it will give me opportunity to enter long, mmm yeniful about your long, why did you decided to open it near the top of the range that we are at ? i think sooner or later it will come on profit but you will miss a lot of movement until then, maybe we will break the range soon but for now as i see it we are moving between 57-62$
Quoting alayinizAMK
Ngas {image}
still on its way down i guess but depends on how PA looks next week. For today buying seems better imo.
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I opened a small long at 59.60 just for the sake of trading because i haven't put any trades in the recent days
Crude.. setting up for longs
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Learn THEN Unlearn
For Crude WTI watching the $58.75 on a closing basis. This is the 618 Fib ret. Going below this marks a short term top IMO.
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Quoting HighFivve
Crude.. setting up for longs {image}
I agree. We are going to see a huge up movement in the short term
so, any good strategy on short term for crude?? im looking for long but US GDP today
Quoting alayinizAMK
so, any good strategy on short term for crude?? im looking for long but US GDP today
Scalp it both up and down (very tight on the shorts), but be wary of US GDP today. In the long term buy it.
Quoting Afterburner
{quote} Scalp it both up and down (very tight on the shorts), but be wary of US GDP today. In the long term buy it.
Agree 100% you just described my mind. Also Crude storage today in 4 hours. Feels like gambling to trade when calendar looks like this.
Oil reaching support of 59.27 could bounce
Quoting Afterburner
Oil reaching support of 59.27 could bounce
you mean at 58 will bounce...
Quoting medvic
{quote} you mean at 58 will bounce...
No such thing as "will" in markets.
Quoting SunTrader
{quote} No such thing as "will" in markets.
no, it WILL..., (it's not first time I'm suffer because of my stubbornness...)
Ok suffer away.
Quoting medvic
{quote} you mean at 58 will bounce...
the charts is tipping more on downside but we should as traders take a trade that might point to high percentage.
with this Greece, ISIS and china incidents(taking over islands that have been with other Asian countries) oil might shoot up....

basically oil is in between land.....wait for it to play out and show its real direction....
if you must trade tight sl is needed....
Wooooohooooo or Boooooohooooo
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