kernull Posted March 17, 2009 Report Share Posted March 17, 2009 lol , no, just following the main trend Do you write for FT Ker? Sounds remarkably familiar. http://www.ft.com/cms/s/2/33b43e54-0fe6-11...00779fd2ac.html Link to comment Share on other sites More sharing options...
kernull Posted March 19, 2009 Report Share Posted March 19, 2009 i see good chances for a big move down 3-4 bucks tomorrow (friday). and maybe this could be the begining of the 25 oil run. Link to comment Share on other sites More sharing options...
No6 Posted March 19, 2009 Report Share Posted March 19, 2009 Or are we in breakout territory? From http://www.dailywealth.com Link to comment Share on other sites More sharing options...
kernull Posted March 19, 2009 Report Share Posted March 19, 2009 Or are we in breakout territory? yes, but technically it is inside-month, because december enloses those 3 months (jan,feb,mar) in range from 32 to 55, this allows oil to make spectacular runs with no monthly trend change, and fundamentals (deflation,rising dollar) are against oil, so, i think you can still buy it cheaper for long term. Link to comment Share on other sites More sharing options...
GTG Posted March 20, 2009 Report Share Posted March 20, 2009 Rising dollar....I must have my chart upside down! Link to comment Share on other sites More sharing options...
kernull Posted March 20, 2009 Report Share Posted March 20, 2009 i think crude will sell to 49 today. monday it will go to 50.50 , and from that on tuesday it will start the downtrend to 25 Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted March 20, 2009 Report Share Posted March 20, 2009 i think crude will sell to 49 today. monday it will go to 50.50 , and from that on tuesday it will start the downtrend to 25 no chance - you should have got in when i did. nice 20% move there Link to comment Share on other sites More sharing options...
kernull Posted March 22, 2009 Report Share Posted March 22, 2009 no chance - you should have got in when i did. nice 20% move there maybe its time to take profits then, my next forecast: OIL: http://i430.photobucket.com/albums/qq30/ke...weekly-0321.png http://i430.photobucket.com/albums/qq30/ke...-daily-0321.png GOLD/OIL: http://i430.photobucket.com/albums/qq30/ke...-daily-0321.png Link to comment Share on other sites More sharing options...
kernull Posted March 24, 2009 Report Share Posted March 24, 2009 54.00 today , i don't think it will go any higher from here, expecting down close tomorrow and it will be confirmed as the top Link to comment Share on other sites More sharing options...
wren Posted March 27, 2009 Report Share Posted March 27, 2009 Matt Simmons says lack of investment may cause a big rise in price within months. The global financial crisis and collapse in the oil market have stalled vital investment in oil exploration and production and are likely soon to lead to a sharp spike in prices, an energy consultant and financier says. Matt Simmons, founder of Houston-based investment bank Simmons & Co, argues the underlying rate of decline of the world's ageing oilfields is as much as 20 percent a year and only high levels of investment can reduce that to single digits. With credit tight and oil prices almost $100 a barrel below their highs last year, oil companies are unable to sustain previous levels of spending and the result is falling production, he said in an interview on Thursday. "We are three, six, maybe nine months away from a price shock. We are not talking about three to five years away -- it will be much sooner," Simmons told Reuters in London. "These prices now are dangerously low. The lower prices fall, the less oil will be produced and the greater the chance of an oil spike," he said. http://www.cnbc.com/id/29891917 Link to comment Share on other sites More sharing options...
kernull Posted March 29, 2009 Report Share Posted March 29, 2009 http://i430.photobucket.com/albums/qq30/ke...weekly-0328.png http://i430.photobucket.com/albums/qq30/ke...-daily-0328.png Link to comment Share on other sites More sharing options...
kernull Posted April 5, 2009 Report Share Posted April 5, 2009 http://i430.photobucket.com/albums/qq30/ke...weekly-0404.png Link to comment Share on other sites More sharing options...
kernull Posted April 9, 2009 Report Share Posted April 9, 2009 oil inventories at multiyear highs http://seekingalpha.com/article/130178-oil...ulti-year-highs Link to comment Share on other sites More sharing options...
kernull Posted April 22, 2009 Report Share Posted April 22, 2009 a move in cude towards 42 may take place tomorrow, or friday. Link to comment Share on other sites More sharing options...
hotairmail Posted May 15, 2009 Report Share Posted May 15, 2009 Ker where are you? It will happen. The forces of money demand will be destroyed by the reality of tankers queueuing outside storage facilities. Just when...that's all. Link to comment Share on other sites More sharing options...
ziknik Posted May 16, 2009 Report Share Posted May 16, 2009 Ker where are you? ... Ker is busy writting a trading program ... btw guys, i will be very inactive regarding intraday action & weekly updates because i am designing an automatic day trading system, just like these ones: http://championship.mql4.com/2008/?source=metatrader4.01.20 so, feel free to post updates if you see an edge. Link to comment Share on other sites More sharing options...
hotairmail Posted May 16, 2009 Report Share Posted May 16, 2009 Ker is busy writting a trading program Thanks ziknik. Site looks interesting. I note it says that the 2009 championship has been cancelled - does he know that? Is he doing it for that or just himself? Link to comment Share on other sites More sharing options...
wren Posted May 26, 2009 Report Share Posted May 26, 2009 Saudia Arabia: $200 Oil In 2 Years By Reuters MAY 25, 2009: 10:34 AM ET Saudi Arabia warned oil prices could spike to beyond the near $150 record high of 2008 within two to three years, as energy leaders on Monday decried a blow to investment in expanding capacity due to the financial crisis. Energy ministers and officials at the Group of Eight energy summit in Rome are meeting as oil prices hover at a six-month high of over $60 a barrel, but below the $75 a barrel level producers say is needed to spur investment in new production. http://money.cnn.com/news/newsfeeds/silico...ars_2009_5.html Link to comment Share on other sites More sharing options...
ecoface Posted June 6, 2009 Report Share Posted June 6, 2009 Okay, so Venezuela, Russia, Iran have got their $70 a barrel. This recent rally is built on speculation with a short term glut. Time for a decent correction IMHO. Anyone else go short this week like me? Link to comment Share on other sites More sharing options...
ecoface Posted June 17, 2009 Report Share Posted June 17, 2009 Buy Gold SOON, but not yet IMHO. Wait until the shadow of that Huge drop in Oil is out of the way.. By the fall, UK and US year-on-year inflation should start to soar This is interesting. So you think oil will continue to above $100 by the Autumn I was expecting a correction from this intermediate high of $72ish, but it is not happening. All the indicators are that supply is too great to sustain these prices and as the dollar gets stronger over the next few weeks, money will leave oil. Do you think there will be a correction of oil down to early $50s. Generally, this site has been quiet about oil in the last few months. It doesn't appear that many invested in the rally from 40 to 70 which is a huge gain. We have been diverted into playing around with EMs and taken our eye of the ball. It would be good to get this site communicating on oil again. Link to comment Share on other sites More sharing options...
SaintJay Posted June 21, 2009 Report Share Posted June 21, 2009 there was an excellent program on the history of UK oil and gas on BBC4 last night - now on iplayer for those in UK http://www.bbc.co.uk/iplayer/episode/b00l7..._Oil_Episode_1/ should give a good background and/or grounding in the subject and how it is all politically motivated. Link to comment Share on other sites More sharing options...
huntergatherer Posted July 3, 2009 Report Share Posted July 3, 2009 Sold off some SOIL (Short crude OIL) this morning (which was bought earlier in week) on back of strenghtening dollar and in case $66.25 held. Holding remaining SOIL and following closely. Now $65.63. Trending towards $60.10 trend line support? Crude Oil Daily Technical Outlook ONG Focus - Technical Written by Oil N' Gold | Fri Jul 03 09 04:46 ET Nymex Crude Oil (CL) Crude oil continues to press 66.25 support today and at this point, further fall is still in favor as long as 69.79 minor resistance holds. As noted before, sustained break of 66.25 will will be an important signal of double top reversal pattern (73.23, 73.38) and will indicate that Crude oil has already topped out. In such case, short term outlook will be turned bearish and we'd anticipate at least a test trend line support (now at 60.10). On the upside, above 69.79 will turn intraday outlook neutral and suggest that price actions from 73.23 are probably sideway consolidation rather then reversal. In the bigger picture, rise from 33.20 is still in progress and there is no confirmation that it's completed yet. Though, note that daily MACD's break of its up trend line provides a signal that such up trend is near to the end. Hence, we'd continue to monitor loss of up side momentum as crude oil approaches 38.2% retracement of 147.27 to 33.2 at 76.77. On the downside, break of 66.25 support will be an important indication that crude oil has topped out and will turn focus to 45.44/54.66 support zone for confirmation. http://www.oilngold.com/ong-focus/technica...k-200907037477/ Link to comment Share on other sites More sharing options...
jerpy Posted December 12, 2009 Report Share Posted December 12, 2009 Matt Simmons says lack of investment may cause a big rise in price within months. http://www.cnbc.com/id/29891917 The largest oil refiner in the U.S., Valero Energy, today said it would shut down a refinery in Delaware City, Del. as fuel demand has slumped and margins have slimmed in the oil refining sector...... "If there's ever been a time to mothball a refinery, it's probably now...I wouldn't be surprised to see additional closures," said Peter Beutel, president of Cameron Hanover in a recent Reuters report. Despite the rash of closures, the Energy Department reports that refineries are operating at below 80% capacity in recent weeks and was under 85% for much of the year. It's a dramatic swing from calls only two years ago when market watchers blamed high gasoline prices on a lack of refining capacity. http://www.purchasing.com/article/390075-V...lack_demand.php Link to comment Share on other sites More sharing options...
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