Oil price discussion and analysis
- Thread starter wayneL
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Wysiwyg
Everyone wants money
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Re: OIL AGAIN!
When I was younger, being a goofy footer I wanted to go to the Bluff but the winter trip north never eventuated.
When I was younger, being a goofy footer I wanted to go to the Bluff but the winter trip north never eventuated.
IFocus
You are arguing with a Galah
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Re: OIL AGAIN!
Without having to read 60 pages worth of history in this thread is anyone able to give me a list of ASX companies which are heavily exposed to movement in oil prices? ie somewhere to start some research on good stocks to be buying in this sector...
Without having to read 60 pages worth of history in this thread is anyone able to give me a list of ASX companies which are heavily exposed to movement in oil prices? ie somewhere to start some research on good stocks to be buying in this sector...
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Re: OIL AGAIN!
Wow!
Oil currently down almost $US6 overnight (or > -12.0%)
Going to hurt some Ozzie producer's SP's today?
Wow!
Oil currently down almost $US6 overnight (or > -12.0%)
Going to hurt some Ozzie producer's SP's today?
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Re: OIL AGAIN!
If an oil company produces oil its "heavily exposed" to the oil price.
The more oil it produces the greater its exposure.
Start with companies beginning with "a" and work through. Then, if you find a short cut to good research, let us know.
If an oil company produces oil its "heavily exposed" to the oil price.
The more oil it produces the greater its exposure.
Start with companies beginning with "a" and work through. Then, if you find a short cut to good research, let us know.
Sean K
Moderator
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Re: OIL AGAIN!
WPL
OSH
STO
BPT
AED
PPP
ROC
NWE
EGO
There's a long list
Have a look at these one's for a start:
WPL
OSH
STO
BPT
AED
PPP
ROC
NWE
EGO
There's a long list
Out Too Soon
My real name is King Julian ;)
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Re: OIL AGAIN!
Then there's OEX & CVN. Oils got to start climbing again soon downturn recession or whatever the world is still hungry for oil
Glen48
Money can't buy Poverty
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Re: OIL AGAIN!
Every thing I have been reading tells me Oil is going up guess you need to form a partnership and back it both ways to survive.
Every thing I have been reading tells me Oil is going up guess you need to form a partnership and back it both ways to survive.
Wysiwyg
Everyone wants money
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Re: OIL AGAIN!
Well it did jump about 43.85% (brent crude) from recent lows so there is a decent climb of near 50%.Gotta be on the ball with all these lows around at the moment.
Then there's OEX & CVN. Oils got to start climbing again soon downturn recession or whatever the world is still hungry for oil
Well it did jump about 43.85% (brent crude) from recent lows so there is a decent climb of near 50%.Gotta be on the ball with all these lows around at the moment.
Re: OIL AGAIN!
Wednesday 7 January 2009
There may be some downside relief for oil around $40, +/-, as a reasonable area
of support. The short-term "bubble" that went from 80 to 150+,
and then collapsed back to 32, in a hyperdermic fashion, lacks reality, editorially
speaking. The close on a monthly chart, December, was the first time oil was
able to close at mid-range since its peak, 5 months prior, and the close was
above 40.
On a weekly chart, the second week in December was an inside bar with a notable
spike in volume. Interesting. The next week was a large range bar to the lows
for the move that closed near the bottom of the range. Volume was strong,
but less than the previous week. It could be buying entering, a reasonable
assumption, but in need of proof.
A daily chart clearly shows no base built from which to support a sustainable
rally. Mid-December highs at 51 is where initial resistance turned up, and
that is precisely where Tuesday's rally failed.
It appears a trading range would be the likely scenario for oil, according to what
the market activity seems to be saying. If that is true, support should make
its presence known around 39-40. Daily ranges should narrow, and volume
should lessen. Those would be clues for which to watch over the next several
trading days, for starters.
This is akin to putting the cart before the horse, but the cart assumption is
predicated on what the horse has been doing, so this is idle speculation. The
market has not yet fully revealed its intent.
Wednesday 7 January 2009
There may be some downside relief for oil around $40, +/-, as a reasonable area
of support. The short-term "bubble" that went from 80 to 150+,
and then collapsed back to 32, in a hyperdermic fashion, lacks reality, editorially
speaking. The close on a monthly chart, December, was the first time oil was
able to close at mid-range since its peak, 5 months prior, and the close was
above 40.
On a weekly chart, the second week in December was an inside bar with a notable
spike in volume. Interesting. The next week was a large range bar to the lows
for the move that closed near the bottom of the range. Volume was strong,
but less than the previous week. It could be buying entering, a reasonable
assumption, but in need of proof.
A daily chart clearly shows no base built from which to support a sustainable
rally. Mid-December highs at 51 is where initial resistance turned up, and
that is precisely where Tuesday's rally failed.
It appears a trading range would be the likely scenario for oil, according to what
the market activity seems to be saying. If that is true, support should make
its presence known around 39-40. Daily ranges should narrow, and volume
should lessen. Those would be clues for which to watch over the next several
trading days, for starters.
This is akin to putting the cart before the horse, but the cart assumption is
predicated on what the horse has been doing, so this is idle speculation. The
market has not yet fully revealed its intent.
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Re: OIL AGAIN!
Oil hammered down again, along with oilers SP's.
US$37.29 a barrel atm
Oil hammered down again, along with oilers SP's.
US$37.29 a barrel atm
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Re: OIL AGAIN!
Tuesday 13 January 2009
Oil epitomizes why one should never engage in bottom-picking, and instead, let
the market play itself out and prove a bottom is in place. While lower today,
the recent lows are still intact. The volume preceding the low was much greater
than the volume as the low was made, a fact. Last week, volume picked up
again, yet price did not get pushed down to new lows, another fact.
It is too soon to know if the recent lows will be final, but activity does seem to
be indicating it could be near, if not past. Even if one knew with certainty that
the low was in, it would not be reason to be buying, at least not until some kind
of base is apparent, but that is just me.
Tuesday 13 January 2009
Oil epitomizes why one should never engage in bottom-picking, and instead, let
the market play itself out and prove a bottom is in place. While lower today,
the recent lows are still intact. The volume preceding the low was much greater
than the volume as the low was made, a fact. Last week, volume picked up
again, yet price did not get pushed down to new lows, another fact.
It is too soon to know if the recent lows will be final, but activity does seem to
be indicating it could be near, if not past. Even if one knew with certainty that
the low was in, it would not be reason to be buying, at least not until some kind
of base is apparent, but that is just me.
Wysiwyg
Everyone wants money
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Re: OIL AGAIN!
Feb. futures crashed through US$37 now.Watching for a base whenever.
Oil hammered down again, along with oilers SP's.
US$37.29 a barrel atm
Feb. futures crashed through US$37 now.Watching for a base whenever.
Re: OIL AGAIN!
I have placed Crude Oil in what looks to be setting up as a consolidation in the wave (4), possibly a triangle. This consolidation also sits on some historical support around the $40 mark. Looking for new lows once this triangle is complete then a big corrective bounce to the upside. First things first let's see how this wave (4) pans out.
I have placed Crude Oil in what looks to be setting up as a consolidation in the wave (4), possibly a triangle. This consolidation also sits on some historical support around the $40 mark. Looking for new lows once this triangle is complete then a big corrective bounce to the upside. First things first let's see how this wave (4) pans out.
Attachments
Re: OIL AGAIN!
How diabolically desperate are the oil exporting states ?
http://brontecapital.blogspot.com/2009/01/how-diabolically-desperate-are-oil.html
How diabolically desperate are the oil exporting states ?
http://brontecapital.blogspot.com/2009/01/how-diabolically-desperate-are-oil.html
