Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

zdo

Oil Bullish or Bearish

Recommended Posts

What do you see Oil in next 3 months ? Bullish or Bearish ? Is Oil really heading towards 20 $ a barrel as major research firms of the world predict.

 

Your view please.

 

 

 

 

 

 

 

 

 

 

 

mohsinqureshii rip

Share this post


Link to post
Share on other sites

pc speak =

“After previous two weeks’ rather high inventory numbers (7.8M) we should see the inventories at 3.1M level. However, the actual numbers have lately deviated quite strongly from the analyst expectations.”

http://www.traderslaboratory.com/forums/technical-analysis/18606-daily-analysis-43.html#post201696

 

interpretation of the pc speak = “we’re trying to help talk these inventory numbers down… but the freakn tanks are filling up and running over…”

Share this post


Link to post
Share on other sites

...close to B.E. on long scale trade (previously discussed in the Gold Bullish or Bearish thread)

 

REGARDLESS - will be 'hedging' up aggressively on short side over the next couple of weeks...

 

I’m not always right... but when I’m wrong, I’m still right ;)

 

(ps it's not apparent, but you can accurately project humility here... not hubris)

:cool:

Share this post


Link to post
Share on other sites

As noted earlier, have been building a long scale trade in far far out CL futures... in the green now...

Planning to start more heavily locking it in with shorts on closer month contracts on approaches to ~46...

 

...will still build this scale trade for a couple more years ...

planning to add to it all the way down into the low teens...

 

:roll eyes:

btw - scale trades hog up capital

and

:helloooo:

take a long time ...

 

:missy:

not in my wheel house really...

Share this post


Link to post
Share on other sites

.. position.all 'hedged' up at 46...

btw stops on the hedge arrayed from + 47 to +52

 

was tempted to take profits and be done with this trade... will stick with plan though...

Share this post


Link to post
Share on other sites
Crude oil is the new widow maker. It trades heavier than a wet dawg in a New York thunderstorm. Rallies have no legs and its seems the only bid these days are the shorts with their family jewels caught in a vice grip.

 

Fwiw I’m still in this same long scale trade.

Same plan. Have capital allocated for a ‘crash’ in energy prices... which may never happen...:missy:

 

fwiw - On many levels this is a peak technology / peak infrastructure play more than it is a peak supply or peak production play . Most would equate technology / infrastructure with production. In this case, I think it's better to seg them out...

 

Getting exasperated with rolling it every quarter - but hey, that’s scale trading...

 

'Hedging' tactics have changed since last post from selected / fixed level using stops underneath to overboughts using 'limit's above... but already looking at cycles for when to shift tactics back to fixed level / stops underneath ...

 

Average net long price is down to ~ 34 - after 'successfully' trading/ (hedging and lifting) 7 of the last 4 :confused: :rofl: good downdrafts using close month contracts.

Share this post


Link to post
Share on other sites

Back to work...

 

to ‘hedge’ CLV18 longs, incrementing trailing stop .10 -.30 per day with CLG18 contracts. Currently they trail about 2.50 under yesterday’s CLG18 lows ...

 

the current 'joke' around here is what how much smaller, unleveraged positions in btc have absolutely kicked this position's ass the whole way through...

:roll eyes:

 

:missy:

 

:)

Share this post


Link to post
Share on other sites

 

crammed most trailing stops to just under this weeks CLG18 low ... to ‘hedge’ CLV18 longs

 

(starting to 'imagine' an exit to this trade and starting to build a short scale trade in CL - but don't know yet when or where I would begin... summerish? mid 70's ish???.

just my imagination :doh: :)

... CL "doesn't even know me"... time to do some cycle and resonance work...)

Share this post


Link to post
Share on other sites

How many currencies are, in effect, mere derivatives of the USD?

For example, the new petroyuan - (beyond being some corrupt chinese exchange startup entrepreneurs’ wet dreams,) meaningless until they take off the peg to the dollar.

Share this post


Link to post
Share on other sites

Wars and rumors of wars... and... fiats and rumors of fiats...


‘Somebody’ wants 90 to 100 barrel... but


 I’m moving my hedge stops up under this run in CL ... these recent up waves appear corrective, ie not impulsive, to me...
 

Edited by zdo

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • 📁 Population in 2100, as projected by UN Population Division.   🇮🇳 India: 1,533 million 🇨🇳 China: 771 million 🇳🇬 Nigeria: 546 million 🇵🇰 Pakistan: 487 million 🇨🇩 Congo: 431 million 🇺🇸 US: 394 million 🇪🇹 Ethiopia: 323 million 🇮🇩 Indonesia: 297 million 🇹🇿 Tanzania: 244 million 🇪🇬 Egypt: 205 million 🇧🇷 Brazil: 185 million 🇵🇭 Philippines: 180 million 🇧🇩 Bangladesh: 177 million 🇳🇪 Niger: 166 million 🇸🇩 Sudan: 142 million 🇦🇴 Angola: 133 million 🇺🇬 Uganda: 132 million 🇲🇽 Mexico: 116 million 🇰🇪 Kenya: 113 million 🇷🇺 Russia: 112 million 🇮🇶 Iraq: 111 million 🇦🇫 Afghanistan: 110 million   @FinancialWorldUpdates Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • “If the West finds itself falling behind in AI, it won’t be due to a lack of technological prowess or resources. It won’t be because we weren’t smart enough or didn’t move fast enough. It will be because of something many of our Eastern counterparts don’t share with us: fear of AI.   The root of the West's fear of AI can no doubt be traced back to decades of Hollywood movies and books that have consistently depicted AI as a threat to humanity. From the iconic "Terminator" franchise to the more recent "Ex Machina," we have been conditioned to view AI as an adversary, a force that will ultimately turn against us.   In contrast, Eastern cultures have a WAY different attitude towards AI. As UN AI Advisor Neil Sahota points out, "In Eastern culture, movies, and books, they've always seen AI and robots as helpers and assistants, as a tool to be used to further the benefit of humans."   This positive outlook on AI has allowed countries like Japan, South Korea, and China to forge ahead with AI development, including in areas like healthcare, where AI is being used to improve the quality of services.   The West's fear of AI is not only shaping public opinion but also influencing policy decisions and regulatory frameworks. The European Union, for example, recently introduced AI legislation prioritizing heavy-handed protection over supporting innovation.   While such measures might be well-intentioned, they risk stifling AI development and innovation, making it harder for Western companies and researchers to compete.   Among the nations leading common-sense AI regulation, one stands out for now: Singapore.” – Chris C Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • $NFLX Netflix stock hold at 556.59 support or breakdown?  https://stockconsultant.com/?NFLX
    • $RDNT Radnet stock flat top breakout watch, https://stockconsultant.com/?RDNT
    • $GNK Genco Shipping stock narrow range breakout watch, also see $GOGL https://stockconsultant.com/?GNK
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.