To use chat, please login.
Back to contacts

"Just Oil"

alexforex007
Jan 28 2016 at 23:32
774 posts
A possible production cut has made oil rally, the WTI may try to break above the 35.00 level.

stian
Jan 29 2016 at 19:40
325 posts
alexforex007 posted:
A possible production cut has made oil rally, the WTI may try to break above the 35.00 level.
But OPEC denied it. It still didn't fall back to the levels before the news. There is lot of news, but little action. It might continue to rally a bit, but I wouldn't be too optimistic in the long run.

Chikot
Jan 30 2016 at 10:24
2299 posts
stian posted:
Seems that people are following Kuwait's OPEC Governor Nawal al-Fezaia hint that the oil-rich nation is ready to cut production (ready to cooperate if the rest of the oil producing countries will too). Doubt this will have any real effect on the oil markets. As we've heard a lot of talk before (from counties like Iran, Venezuela, Nigeria), and little action. And people are jumping in on a short term rally.


I am following chart 😄

Chikot
Jan 30 2016 at 10:31
2299 posts
Tried shorting gas and entry was perfect, However it is not the moment. I am quick to get out though. Was developing ideas about grains which did not work either. Huge disappointment sugar. I has been waiting for just this for 2 months. and missed the best entry. entered twice but due to worse places could not stay in this trade. so, decided to go flat 100% and wait. If I am right sugar is up to next big down leg. It is in huge long term down trend.
The interesting point is that for all commodities involved namely gas, cor and wheat reversal pattern to upside was similar. Nice entry for contra trend traders actually, very small risk. I was watching those levels and got out just in time. It is all about waves.
Freaking ping pong. Copper and platinum did not work either.
eur/usd while still in range consolidation whatever it might be up to something. will be watching.

Chikot
Jan 30 2016 at 11:27
2299 posts
As far as chart, I see Brend can go $39-42 and may be more. Which does not mean the down trend is over...
Basically I am waiting.


arigoldman (arigoldman)
Jan 31 2016 at 21:53
907 posts
Trying to go up

Chikot
Feb 06 2016 at 09:31
2299 posts
Crude is not where I would like it to be to go short . Happily I have no attachment to crude at this moment. It is sugar and gas. But seems I am over the gas now. I have tried to short it from various levels but seriously, it is at $2. How far down it can go and considering PA stop should be pretty wide. Is there any reasonable r:r. i do not think it will go to $0. $1.5?
Sugar is different thing., I am sticking to this short despite entering a bit lower form daily signal, I am ok on weekly signal.
closed gas short again. i am down 2% on gas attempts alone. over have no idea how many trades.
The thing is, I am afraid of what market can do and trading futures for 3 years both demo and live really made me quick in running for exits. It is the only way to survive and fight another day.
Basically, I will stick to weekly chart ignoring daily. t is mostly very very choppy.
I have few trades from weekly coming. hope they will work.

Chikot
Feb 08 2016 at 19:00
2299 posts
So, we are in. i am worried a bit about wheat cause tomorrow are The News. The only news that matter for grain markets. 12:00-12:15 EST.

alexforex007
Feb 10 2016 at 03:59
774 posts
Another drop for WTI oil to the 28.00 level, a break of that zone could take oil a lot lower.

alexforex007
Feb 17 2016 at 03:28
774 posts
WTI with support at the 29.00 level. Bearish trend is still in place, possible visit to the 26.00 area again.

Topic is locked