Trade Crude Oil - Group: TradeCrudeOil.net

crudecommodities on Energies Commentary for Sep 7th

Tue, 07 Sep 2010 22:55:07 +0000

The energy market is lower this morning as the holiday weekend is over and investors get back to this market. Sellers flooded the labor day session with crude oil down by some 60 cents to trade at $74.00. Non farm payrolls came in on Friday and even though the report lifted the equity markets, the energies took a dive as crude went from $75.50 down to $73.00 in a little over an hour on the NYMEX. Gasoline and heating oil also took a beating with the sell off. WTI spreads have sold off significantly as well with the Oct/Nov spread -30 to -167 at one point and the Nov/Dec down -20 to -149. These spreads have had a wild ride the last few weeks after finally coming off from their highs in the mid -50s. The market is finally seeing some real action in the front spreads and this looks to be here for a while as these spreads get to their yearly lows. Look for a bit of a rebound to start the day in the spreads and flat price as well but I do see $72 coming soon to this market.

Natural gas to $3.82 this morning and ticked up to $3.90 at one point Friday. This market still needs to consolidate a bit more but now looks a bit healthier as the selling briefly halted. $3.65 looks to be the base for now.

Daniel Cronin, Energies Guru

lode1 on Daily Chart Trading

Thu, 29 Jul 2010 14:23:28 +0000

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Johnkitty on Oil and ciurrency movement

Sun, 25 Jul 2010 23:15:53 +0000

It is not surprised to know that those things alternate the prices. So it is not difficult for us to predict the change in prices of Crude Oil and Currency in Markets.

Probafix on I am glad to have found this forum

Fri, 23 Jul 2010 05:11:07 +0000

Nice to meet you but i can't find any unique information here.

Probafix on Opec in the news

Fri, 23 Jul 2010 05:06:42 +0000

Demand growth will come primarily from non-OECD countries, mainly China, India, the Middle East and Latin America. On the product side, demand for industrial fuels will be strong as a result of the ongoing economic recovery.

'Demand for transportation fuels is also forecast to increase. In the US, gasoline demand is assumed to return to its normal growth trend, although dependent on the pace of the recovery, as well as government policies,' the OPEC said in its July market report.

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Thu, 22 Jul 2010 07:34:28 +0000

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Probafix on Daily Chart Trading

Thu, 22 Jul 2010 07:23:03 +0000

This thread is going to be dead.. please send me upated charts.

Probafix on Oil logic

Thu, 22 Jul 2010 07:19:55 +0000

I’m a professor in the University of Chicago at the Department of Economics and I’ve been dealing with oil prices of late. The conclusion I came to is that oil prices will keep on rising. Here’s my logic:
We know pretty well that oil prices can surge to a record high after a steady and gradual increase and then they can unexpectedly tumble. This is what we call a cycle, which exists everywhere. Now the prices are on a gradual but upward spiral. It’s a natural process, there is every prerequisite for it:
1. economic recovery is underway, boosting oil demand particularly in China.
2. there’s an unstable situation in Venezuela, Iraq, Iran and Nigeria with cumulative oil production accounting for more than a third of the overall OPEC production. This decreases oil supply.
3. non-OPEC countries cannot cap the rising demand if OPEC doesn’t increase production, which is unlikely in the near future.
4. crude oil in US storage unexpectedly fell by 8.4 million barrels
Given all the factors above, the most logically correct decision is to buy oil and increase our stockpiles while the prices are yet low.

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Thu, 22 Jul 2010 07:16:38 +0000

The rules based trading strategy, that we designed, automates the complete process of trading the crude oil market taking every contingency into consideration.

Probafix on Oil and ciurrency movement

Thu, 22 Jul 2010 06:58:35 +0000

When ever oil gain then currency fell down and when currency prices gain then oil down.. both are opp. direction most of time.

Probafix on crude price on the decline

Thu, 22 Jul 2010 06:55:22 +0000

I think crude oil prices will go up in future.

crudecommodities on I am glad to have found this forum

Fri, 16 Jul 2010 04:39:22 +0000

hi all, nice to be here with all of you!

i love crude oil..so, we may share all skills of crude oil trading here!

best wishes to all of you!

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Sun, 11 Jul 2010 17:38:40 +0000

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Johnkitty on Oil prices showing hope

Thu, 08 Jul 2010 04:58:09 +0000

The price of Crude Oil was down, personally, I think it is due to the change in Prices of Currency and Gold. You can get the news from the blog of this forum for more information.

Johnkitty on I am glad to have found this forum

Thu, 08 Jul 2010 04:46:48 +0000

Hi all! Nice to meet you! I'm new here! i'm looking partners and information about Trading Crude Oil. Glad to be here and make friends with you all.