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

    • AUDUSD Market Dragged Lower on Bears Dominance   AUDUSD Price Analysis – August 15 The bears were in full control moving the market lower in the prior session, although in the present session we see the pair found buyers around the level at 0.6748 for the 4th day in a row while the pairs bear dominance is evident falling to lowest close since the beginning of the year.   Key Levels Resistance Levels: 0.7297, 0.7207, 0.7085 Support Levels: 0.6748, 0.6676, 0.6620   AUDUSD long term Trend: Bearish In the bigger picture of the daily time frame, the decline from the level at 0.7207 (high) is seen as resuming the long term downtrend from 0.7297 (February high). Firm break of the level at 0.6876 (low) should confirm this bearish view.   On observation, further fall may be seen to the level at 0.6620 (low) next. On the upside, the break of the level at 0.7085 resistance is needed to be the first sign of medium-term bottoming. Otherwise, outlook will remain bearish even in case of a strong rebound.     AUDUSD short term Trend: Ranging On the flip side of the 4-hour chart, the AUDUSD is staying in consolidation from the level at 0.6676 and it’s intraday bias remains neutral first. On the upside, the break of the level at 0.6827 will extend the rebound.   But upside should be limited below the level at 0.6909 support turned resistance to bring fall resumption. On the downside, the break of the level at 0.6676 may target 100% projections from the level at 0.7085 to 0.6827 from 0.7085 at 0.6620 level reflecting on the daily chart.
    • EURJPY Approached Recent Swing Lows, Likely to Breach the Low of the Year on the Level at 117.50   EURJPY Price Analysis – August 16   The pair depreciated again in value against the Japanese Yen. The currency pair during the mid-week breached both the upper and lower horizontal lines on the moving average 5 and 13 while completing another lap on the low in today’s session towards the low level at 117.50.     Key Levels   Resistance Levels: 123.01, 121.40, 119.91   Support Levels: 117.50, 117.00, 114.84   EURJPY Long term Trend: Bearish The Daily time frame displays the EURJPY at the low, showing the pair is also testing a swing area on the level at the 117.50 to the level at 118.16 below the moving average 5 areas. The price attempted to dip below the area on August 12 to the low for the year on the level at 117.50, but could not keep the momentum going. The swing area was reestablished as support on August 13 and again today   However, buyers are trying to lean against the low level at 117.50, on the retest and hoping for a quick bounce. The trend is showing a bearish outlook in the medium and long term.   EURJPY Short term Trend: Ranging On its Intraday, the bias in EURJPY remains neutral for the moment. With the level of 119.91 minor resistance intact, further decline is in favor. Although a break of the level at 117.50 will resume a large downtrend to the level at 114.84 support next.   However, on the break of 119.91 resistance will indicate short term bottoming. A stronger rebound should be seen to the horizontal resistance line now at 121.40.
    • USDCHF Bounces Off Lower Prices On Correction.   USDCHF bounces off lower prices on correction the past week. This has opened the door for more gain in the new week. Resistance resides at the 0.9800 level. Above here, resistance lies at the 0.9850 level and then the 0.9900 level. Further out, resistance comes in at the 0.9950 level. On the downside, support is seen at the 0.9750 level with a turn below here opening the door for more decline towards the 0.9700 level. And then the 0.9650 level. Further down, support resides at the 0.9600 level. All in all, USDCHF remains biased to the upside on further corrective strength.    
    • Can I ask what broker are you using for trading oil?
    • Hey, I am new to this. Anyone use software like this?? Is it legit?? 
×
×
  • Create New...

Important Information

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