Welcome to Extreme Long Range Prediction Modeling of W&T OFFSHORE INC.
I am your hyperspace archaeologist Glitch420.
Welcome to the Hyperspace. This hyperspace is underdeveloped and does not contain important components of the protocols. This is a bare bones framework presented.
The protocols used here were developed to help navigate quantum hyperspaces across...
I am new in the whole "trading world".
This is my "technical analysis" of US CRUDE OIL.
I know it looks awful but I am learning.
I assume the price will go up to 56.00 first and then to 58.00.
Some people say it will open at 58.00 because of the drone attacks on two Saudi Aramco facilities.
Which I actually hold for not possible.
If you have any advice for...
Crude OIL long.
Reason is the terrorist attack today (14-09-19) of houthi terrorists on oil installations in Saudi Arabia. 10 drones were used in the attack. Rumours say that 50% of the oil production has been stopped in Saudi arabia, which is 5% of the world oil production. Donald Trump will very likely give a strong condemnation of this attack.
Futures are instruments that we regularly trade both on individual futures and on a combination of futures via a spread.
On all commodities we monitor the charts and set our alerts for possible breakouts.
In this case we are in trailing stop on the January futures of Natural Gas and we moved already our stop loss becoming stop profit with at least...
Today is 14 Sep 2019.
The largest Aramco Saudi oil processing plant was attached by drones.
CL is currently at 54.85, next targets up are 57.00, 58.47, 59.94, and 61.40.
If it can break above 62.87, next target up will be 67.27.
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
With a turn on my stochastics settingsto the up side. I’ll wait to trade oil back up to previous resistance. If oil can break through and settle above 55.80 it’ll be a bullish sign that price will continue up to 58.00, providing a 220 Pip profit with a stop loss of 35 pips. TVC:USOIL
The Price of Crude oil trade in between 50.50 to 58.50 from August 1st week. There is no clear direction, as per wave principle pattern looks like complex corrective pattern. Currently wave B going to be completed on coming weeks to form wave C. On this we can clearly see 53 mark acting strong support, Once again i looking for this level act as strong support for...
MARKET ANALYSIS; As we can see from the charts, The market is now trading inside a Falling Wedge Pattern. After the successful completion of the Elliott wave structure, It has formed a wedge pattern. Now it is better for us wait for the market to break the wedge resistance, Then we can go for a buy and have a target's to the next supply zone. So lets wait and see...
The correlation of oil price with bitcoin is quite visible.
Means any time the price of oil rises some of the profit is pumped into bitcoin.
As well the crush of oil price results to crush of bitcoin.
In this sense I guess the next crush of oil price, that is expected in may will lead again to crush of bitcoin market.
oil is doing a inside day thing inside almost same posted range as yesterday so look for a break out but will keep trading small range inside until the break happens. Balanced with no directional bias.
$NG1! prices have been depressed for so long, that the only play this year has been short.
As we look ahead to the upcoming winter season, we usually get a strong rally as traders buy the rumor or fear of a harsh winter. Once reality sets in and winter arrives, prices usually sell off.
There's an opportunity for traders to get in and play the fall...