Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Natural gas trading 113 replies

Natural Gas Stopped out Bad start 8 replies

Why is natural gas going down? 6 replies

Differences in Oanda natural gas prices? 6 replies

natural gas - 10 consecutive red candles in a row 10 replies

Attachments: Oil and Natural Gas
Exit Attachments

Oil and Natural Gas

For oil this year we had a low of under $26 and high of about $52 so I reckon that we hit $38 take or give before the end of this year. My $.02..
Expecting a consolidation.
tempting to go short but... but... it's going higher. ...thinking to wait for announcement to have some clearness.
I expected a close of the gap before a move higher...looks like I was wrong.
Quoting user954
Two days after the Trump win, we have crude trading here in the low 40s. We see this as an excellent entry. We expect crude to be over $90 within a year from now.
Though crude is up around 14% since our entry, it is still not too late to go long even for the short term. We see good odds for it to break $55 before the end of January. Though our primary play is to see it over $90 before the end of 2017
Quoting user954
{quote} Though crude is up around 14% since our entry, it is still not too late to go long even for the short term. We see good odds for it to break $55 before the end of January. Though our primary play is to see it over $90 before the end of 2017
Who is our...???
Quoting user954
{quote} Though crude is up around 14% since our entry, it is still not too late to go long even for the short term. We see good odds for it to break $55 before the end of January. Though our primary play is to see it over $90 before the end of 2017
so, not below 40 we are going to see? my thinking stocks move down would bring oil much below 40 till January..., ??
personally medic, i am not heeding that rhetoric. I don't see crude hitting 90 again for a very long time. but nobody knows for sure.
Quoting bladerogers
personally medic, i am not heeding that rhetoric. I don't see crude hitting 90 again for a very long time. but nobody knows for sure.
90 - ? it's depends on inflation and it's picking up, in other hand D Trump team yesterday confirm to remove a lot of restrictions set on energy, so, I expecting oil/gas production increase ..., will see..., for now I closed yesterday my oil shorts from 51 and going to wait till thing get more clear...
update
Attached Image (click to enlarge)
Click to Enlarge Name: download (14).png Size: 58 KB

Attached Image (click to enlarge)
Click to Enlarge Name: download (59).png Size: 57 KB
Quoting medvic
{quote} so, not below 40 we are going to see? my thinking stocks move down would bring oil much below 40 till January..., ??

what we see is that the political forces that pushed down the price of oil and kept it down will ease considerably and that will be the biggest driver of oil to $90+ over the next 12 months

regarding stocks, certainly the path of least resistance is up and a parabolic move higher wouldn't surprise us. But we don't see one driving the other in the near future anyway apart from the correlation of crude prices to the energy sector stocks in the respective indices
Oils correction

Attached Image (click to enlarge)
Click to Enlarge Name: 1000.png Size: 69 KB
Quoting Jfrancis
Oils correction {image}
Hi Jfrancis,

Nice chart on oil above. I guess it is a bit debatable how far Crude Oil is likely to go on this pop. The 4 Hr chart below shows Gartley's 222 pattern, which seems to limit the upside somewhat....

On another matter, AUD/USD seems to be playing out as expected - nearly time to top up position/s IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: 1_12_16_Crude Oil 222 Pattern.gif Size: 540 KB
Quoting ectoplasm
{quote} Hi Jfrancis, Nice chart on oil above. I guess it is a bit debatable how far Crude Oil is likely to go on this pop. The 4 Hr chart below shows Gartley's 222 pattern, which seems to limit the upside somewhat.... On another matter, AUD/USD seems to be playing out as expected - nearly time to top up position/s IMO. {image}
The price is dictating the pattern not otherwise!
So what is your take? All this is jawboning ? or actually oil is climbing no stop?
Mix of trades Return Today: na
Maybe Crude oil price action is actually climbing non stop: looks a lot like consolidation before popping higher (bull flag) - however the Gartley 222 pattern suggests lower price action is just around the corner.

If that bull flag/pennant fails (say 50.50 is broken) then one could look for short short/s & see if oil is going your way

4 Hr chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 2_12_16_Crude Oil_.gif Size: 540 KB
Quoting ectoplasm
Maybe Crude oil price action is actually climbing non stop: looks a lot like consolidation before popping higher (bull flag) - however the Gartley 222 pattern suggests lower price action is just around the corner. If that bull flag/pennant fails (say 50.50 is broken) then one could look for short short/s & see if oil is going your way 4 Hr chart: {image}
Hi there

From a FA point of view, what would take oil short ? The only thing I can think of is output cut promises not being enough
Mix of trades Return Today: na
WTIC has had a nice bounce in price (up 12 %) on the reported deal, but it is close to a neck line (resistance). We could see short covering on a continued pop, but some indicators/ patterns still suggest lower prices soonish...

1 st chart is 4 Hr WTIC chart: Doji & divergence may well play out...



2nd chart is the Crude volatility index looks to be suggesting a reversal in price is around the corner:
Attached Images (click to enlarge)
Click to Enlarge Name: 4_12_16_Crude oil.png Size: 132 KB Click to Enlarge Name: 4_12_16_OVX.png Size: 300 KB
Oil right on higher time frame triangle resistance.

Is that a head and shoulders forming on the intraday charts?
Attached Images (click to enlarge)
Click to Enlarge Name: 161207_oil_daily.png Size: 65 KB Click to Enlarge Name: 161207_oil_4hourly.png Size: 55 KB
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
Quoting Vantage FX
Oil right on higher time frame triangle resistance. Is that a head and shoulders forming on the intraday charts? {image} {image}
If you move the left shoulder slightly to the right, and raise the neckline, there is an HnS that has already broken.....
Carbon-Dioxide: the gas of life!
0 traders viewing now