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COULD OIL PRICES RISE ABOVE $60/BARREL?
May 09, 2017 zamanından beri üye
6 iletiler
May 25, 2017 at 06:28
May 09, 2017 zamanından beri üye
6 iletiler
I am thinking of trading crude oil. Can anyone help me in knowing whether there are any chances of crude oil rise above $60/Barrel?
May 09, 2017 zamanından beri üye
33 iletiler
May 25, 2017 at 10:14
May 09, 2017 zamanından beri üye
33 iletiler
Crude Oil prices trades on the front foot in Asia on expectations the major oil producers will extend the output cut deal.
The question is whether the major producers will extend the deal by 6-months, 9-months or 12-months. The OPEC monitoring committee has proposed nine-month cut extension. a 9-month extension may have been priced-in by the markets.
A probability of a 12-month extension is low, although that could push oil prices above $60/barrel.
The question is whether the major producers will extend the deal by 6-months, 9-months or 12-months. The OPEC monitoring committee has proposed nine-month cut extension. a 9-month extension may have been priced-in by the markets.
A probability of a 12-month extension is low, although that could push oil prices above $60/barrel.
Mar 21, 2017 zamanından beri üye
13 iletiler
May 25, 2017 at 12:13
Mar 21, 2017 zamanından beri üye
13 iletiler
well fundamentals and technical points to a chance of a break out in price upwards from 40-55 range ... but when its going to break 55$ a barrel?, if its going to break out? or if opec fails and it all will come crashing down its a two way street at this time
Feb 12, 2016 zamanından beri üye
522 iletiler
May 25, 2017 at 13:14
Feb 12, 2016 zamanından beri üye
522 iletiler
TanEric posted:
I am thinking of trading crude oil. Can anyone help me in knowing whether there are any chances of crude oil rise above $60/Barrel?
This is market and everything is possible, but I do not believe this will happen in short even mid term as per current fundamental situation (WTI).
Mar 21, 2017 zamanından beri üye
13 iletiler
May 25, 2017 at 14:12
Mar 21, 2017 zamanından beri üye
13 iletiler
they said today that they have their heart set on 9 month cut extension but they are failing to cut the production, lol and I hope they keep failing because here in California fuel is still 3$ a gallon
Feb 12, 2016 zamanından beri üye
427 iletiler
May 25, 2017 at 14:51
Feb 12, 2016 zamanından beri üye
427 iletiler
In my opinion – definitely! Should be very patient, though. If you want to reach a good profit, you should set a long term positions and be very patient.
Accept the loss as experience
Dec 11, 2015 zamanından beri üye
1487 iletiler
May 27, 2017 at 08:20
Dec 11, 2015 zamanından beri üye
1487 iletiler
A lot of things are possible but not necessarily probable. Such a price rally in this case is both, in my opinion.
Dec 06, 2016 zamanından beri üye
33 iletiler
May 29, 2017 at 14:15
Dec 06, 2016 zamanından beri üye
33 iletiler
TanEric posted:
I am thinking of trading crude oil. Can anyone help me in knowing whether there are any chances of crude oil rise above $60/Barrel?
It can possibly happen. As we all say, only the market can tell 😁. But with the recent news (source: https://www.funds-money.com/light-crude-slipped/), I can sense it could take quite some time to happen due to the fact that there is slow gasoline stock in the US and as well as the anticipation of the OPEC meeting.
Mar 28, 2017 zamanından beri üye
12 iletiler
Jun 01, 2017 at 14:54
Mar 28, 2017 zamanından beri üye
12 iletiler
If you wait long enough then it will probably reach $60 but do you have the time?
Mar 21, 2017 zamanından beri üye
13 iletiler
Jun 02, 2017 at 09:10
Mar 21, 2017 zamanından beri üye
13 iletiler
Telltale20 posted:and the capital to handle the draw down lol
If you wait long enough then it will probably reach $60 but do you have the time?
Dec 11, 2015 zamanından beri üye
1487 iletiler
Jun 25, 2017 at 11:58
Dec 11, 2015 zamanından beri üye
1487 iletiler
Right now it's so bearish that $60 per barrell seems like an impossible dream, if you ask me.
Jun 21, 2017 zamanından beri üye
2 iletiler
Jun 26, 2017 at 06:17
Jun 21, 2017 zamanından beri üye
2 iletiler
so it does... but beneath 45$ it becomes an unservicable product.... long term... must go higher...
Feb 22, 2011 zamanından beri üye
4862 iletiler
Jun 27, 2017 at 06:45
Feb 22, 2011 zamanından beri üye
4862 iletiler
TanEric posted:
I am thinking of trading crude oil. Can anyone help me in knowing whether there are any chances of crude oil rise above $60/Barrel?
It could but why it should?
Dec 11, 2015 zamanından beri üye
1487 iletiler
Jun 27, 2017 at 08:05
Dec 11, 2015 zamanından beri üye
1487 iletiler
togr posted:TanEric posted:
I am thinking of trading crude oil. Can anyone help me in knowing whether there are any chances of crude oil rise above $60/Barrel?
It could but why it should?
That's what I was wondering too. I doubt it will be rallying that much anytime soon.
May 03, 2017 zamanından beri üye
18 iletiler
Jun 27, 2017 at 13:43
May 03, 2017 zamanından beri üye
18 iletiler
I think a fall is more likely now. Global economy seems to be weakening
Dec 11, 2015 zamanından beri üye
1487 iletiler
Jun 28, 2017 at 11:50
Dec 11, 2015 zamanından beri üye
1487 iletiler
TerraTopNova posted:
I think a fall is more likely now. Global economy seems to be weakening
Oil seems bullish at the moment, but I agree with you for the long-term.
forex_trader_29148
Feb 11, 2011 zamanından beri üye
1916 iletiler
Jun 28, 2017 at 14:52
Feb 11, 2011 zamanından beri üye
1916 iletiler
i pay 1.20 gallon west tx,as long as us provides oil it will never go to 60
Feb 12, 2016 zamanından beri üye
522 iletiler
Jun 30, 2017 at 13:20
Feb 12, 2016 zamanından beri üye
522 iletiler
On weekly chart WTI may close overlapping the previous candle showing some reversal signs. Most likely if this happen we may see movement up to $48.20/50
Jun 21, 2017 zamanından beri üye
2 iletiler
Jul 02, 2017 at 06:26
Jun 21, 2017 zamanından beri üye
2 iletiler
mlawson71 posted:TerraTopNova posted:
I think a fall is more likely now. Global economy seems to be weakening
Oil seems bullish at the moment, but I agree with you for the long-term.
What do you call a Fall ? Long term potential for significant move is up.... Downside is very Limited....
It will become uneconomical ....
Dec 11, 2015 zamanından beri üye
1487 iletiler
Jul 12, 2017 at 11:33
(Jul 12, 2017 at 11:33 düzenlendi)
Dec 11, 2015 zamanından beri üye
1487 iletiler
It was @TerraTopNova that was referring to a fall.
Apart from that, I call a fall any movement (to the downside, obviously) larger than 20 - 40 pips in the short term. In the long-term obviously the movement will be a lot deeper.
Apart from that, I call a fall any movement (to the downside, obviously) larger than 20 - 40 pips in the short term. In the long-term obviously the movement will be a lot deeper.
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