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Tickmill Tickmill PRO USOIL, D, Short
USOIL: OPEC cuts backfire as shale firms thwart rebalance goals
115 0 6
USOIL, D Short
OPEC cuts backfire as shale firms thwart rebalance goals

The future of OPEC's output cut deal will be determined at a meeting in November, said the Oil minister of Kuwait. This news was a signal that members of the cartel may revise quotas for production earlier than expected. In May, the members of the organization decided to extend the agreement for another nine months, until March 2018, but pressure from the shale ...

IvanLabrie IvanLabrie PRO USOIL, M, Long
USOIL: USOIL: Long term and intermediate term view
441 10 10
USOIL, M Long
USOIL: Long term and intermediate term view

I'm holding oil longs, and exposure to oil via correlated equities, and looking to ride the upcoming trend. It is likely to see a breakout in the short term, this might ignite a monthly, and potentially quarterly uptrend continuation signal. This falls in line with what the quarterly downtrend suggested, time and price wise. The price target was exhausted ahead of ...

smitheric1970 smitheric1970 PRO CL1!, 240,
CL1!: Oil - Possible Sideways Range
1460 16 29
CL1!, 240
Oil - Possible Sideways Range

Following an extreme drop from the 53 level and clear demand in the 43-46 area, along with a weakening DX yet likely rate hikes later this year, ongoing oversupply, yet continued promises form OPEC to meet the agreed upon cuts, I just do not see a catalyst midterm for a break up or down form the current range. 45.62-50.37 is a range created in '09, a swap zone ...

smitheric1970 smitheric1970 PRO CL1!, D, Short
CL1!: Oil Short - Is 2018 the year of 38-48 Oil?  Thank you Mr. Musk..
285 4 10
CL1!, D Short
Oil Short - Is 2018 the year of 38-48 Oil? Thank you Mr. Musk..

If you view my last published chart you can get a fairly clear view of the sideways consolidation that I'm expecting to continue in the coming weeks, in a 45.6-50.4 range, the main trading meat being 46.81-49.18. This range is based on major Supply and Demand (2009 Rally) levels during what I consider Fair Value oil prior to the US initiating QE following the ...

IvanLabrie IvanLabrie PRO USOIL, D, Long
USOIL: Oil: Might have bottomed here, next week the downtrend expires
1410 11 51
USOIL, D Long
Oil: Might have bottomed here, next week the downtrend expires

As discussed in the KHL chatroom, it is likely that oil has bottomed here, considering the sentiment extreme and the situation in Saudi Arabia, with Mohammed Bin Salman appointed as the next in line for the throne, replacing his uncle: https://www.bloomberg.com/news/articles/2017-06-21/saudi-arabia-names-mohammed-bin-salman-as-crown-prince-j46gx3nq This is an ...

robus robus NGAS, D, Short
NGAS: NGAS :  Short Setup towards $2.50 and below
349 0 11
NGAS, D Short
NGAS : Short Setup towards $2.50 and below

Energy is very difficult to trade under present OPEC situation. Yet formation of structure is such that it tends to break down after Zigzag consolidation in form of ABC towards 61.8%. Look for bounce towards 3.2 as wave (2) advancing towards below 3$ in form of wave (3). I believe this completes the cycle by approaching $2.5 in five wave structure. Take your ...

Tickmill Tickmill PRO USOIL, 30, Short
USOIL: Saudi Arabia reminds OPEC is a "team game"
222 2 6
USOIL, 30 Short
Saudi Arabia reminds OPEC is a "team game"

The second week of August features by a rather sluggish start as the economic calendar is relatively boring and most of the sensitive data have already found their way to the market. So the first marked miss in the eurozone's macroeconomic statistics happened in the German manufacturing sector - output fell by 1.1% in June after rising for five consecutive ...

FXtremist FXtremist USOIL, M, Long
USOIL: OIL; The Black Gold
196 0 5
USOIL, M Long
OIL; The Black Gold

Technology are now rising to a greater extent. Thus energy company are now shifting to renewable energy even greater. Usage of electrical devices is a necessity nowadays, with vehicle, public transportation are developing energy-efficient engine that drive their work. It is believe that price will went up eventually, before thrives downward as future minds are ...

stopsandlimits stopsandlimits USOIL, D,
USOIL: 1/08/2017 US Oil Analysis
49 0 0
USOIL, D
1/08/2017 US Oil Analysis

"Oil dropped about 2 percent from a two-month high on Tuesday as major world oil producers kept pumping out supply" http://www.reuters.com/article/us-global-oil-idUSKBN1AH2SJ?il=0

smitheric1970 smitheric1970 PRO CLU2017, 240, Long
CLU2017: Long Oil - 47.4 Touch, Peek, Break
743 17 30
CLU2017, 240 Long
Long Oil - 47.4 Touch, Peek, Break

I want to say first that this is a risky entry; with oversupply and OPEC possibly disagreeing on continuing/extending/deepening cuts at next week's meeting Monday, we could see prices tumble into the 40.3-41.4 level; however, I think we may be in for some mid term boring 45-48 sideways price action for a while before any larger movements and that prices will take ...

Tickmill Tickmill PRO USOIL, D, Long
USOIL: Simple math for Oil or why inventories data doesn't work
329 0 5
USOIL, D Long
Simple math for Oil or why inventories data doesn't work

Promising Chinese data and the dollar rout on Tuesday became short-lived growth factors in oil prices. After a sharp recovery by more than 1%, a pullback followed, returning the market to its starting position. Prices continue to remain sensitive to US production data, but a steady decline in commercial inventories (EIA, API data) seems to have exhausted itself as ...

lalitmatta lalitmatta PRO USOIL, 240, Long
USOIL: Long USOIL
221 5 6
USOIL, 240 Long
Long USOIL

USOIL inventories , In the United States, crude oil inventories last week dropped the most in 10 months.Crude inventories fell 7.6 million barrels in the week to July 7, to 495.35 million barrels. The decline was the biggest since the week ended Sept. 4. it will be a good for USOIL less inventories and strong demand from china, it could support usoil price to rise ...

DzhuneytYusein DzhuneytYusein USDWTI, 240, Short
USDWTI: USDWTI Short at 47
71 0 3
USDWTI, 240 Short
USDWTI Short at 47

Technically: Fibonacci retracement level supported by MA which plays role of resistance, overbought RSI not likely to sustain the upward movement, same for MACD and Stoch indicators Fundamentally: Rising OPEC output

AnthonyColeman AnthonyColeman USOIL, D, Long
USOIL: Oil climbs but how far?
199 3 10
USOIL, D Long
Oil climbs but how far?

Hey guys, here are some thoughts for today :) So oil prices advanced in the Friday morning and head for the best gains since mid-May thanks to the production cuts in the US underpinning hopes for market rebalance. According to the Energy Information Administration (EIA), the US oil output fell by 100,000 barrels per day to 9.3 million barrels per day last week ...

Invictavis Invictavis EURGBP, 240, Short
EURGBP: Medium-term Bearish Gartley on EURGBP (250 pips)
74 0 4
EURGBP, 240 Short
Medium-term Bearish Gartley on EURGBP (250 pips)

Hey all, I've mapped out the potential completion of a bearish bat pattern that should signal a reversal for this particular pair. I'm setting the entry just beneath the 0.786 level of the larger Fibonacci retracement so that the movement can be confirmed to be reversing. Following the entry, we have 3 potential target areas that the price might be headed towards: ...

smitheric1970 smitheric1970 PRO CLN2017, D, Long
CLN2017: Oil Long - Post OPEC Groin Kick
942 6 28
CLN2017, D Long
Oil Long - Post OPEC Groin Kick

In a previous chart 'OIl Rangebound - 45.62-50.37' I targeted a 50.4 upside and assumed that prices may stay ranged in that overall zone; but prices broke above; so my next 'Kitchen Sink' chart looked at 50.4 as a buy level; but prices broke hard back down below. So... I do not think that the upside was a false upthrust, I believe that prices are pivoting the ...

stopsandlimits stopsandlimits USOIL, D,
USOIL: 25/05/2017 US Oil Analysis
64 0 2
USOIL, D
25/05/2017 US Oil Analysis

Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEChttp://www.reuters.com/article/us-global-oil-idUSKBN18L04I

GoldXAU GoldXAU USDWTI, D,
USDWTI: Oil @ Opec Meeting
39 0 4
USDWTI, D
Oil @ Opec Meeting

If you have been waiting for Opec to give you the signal,it is all in the chart , the chart gave us the signal that oil could not break 51.50$ and it has reversed

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