Oil price discussion and analysis

[skyQuake]

that should read " multi year volatility lows " . sorry

Volatility explosion!

 

[Quant]

what a difference a week makes in forwards curve , the crowded trade is the riskiest ... Speculative trader figures out later today , should be a drop in net longs obviously given the big volumes last week

 

[Quant]

key levels in focus

 

[Modest]

You reckon a short term bottom is in place for CL?

 

[skyQuake]

Gut feel is this recent break < $50 from the consolidation is too 'obvious'
My moneys on new highs nxt month

 

[Quant]

If Oil isnt the best traders instrument about atm i'd love to know what is , and that applies to either swing or intra .

 

[MARKETWINNER]

http://host.madison.com/business/investment/markets-and-stocks/oil-and-gas-stock-roundup-crude-wobbles-taking-oil-stock/article_8f7ff1c0-687b-5c88-b69f-075458e2e4f6.html

Oil and Gas Stock Roundup: Crude Wobbles, Taking Oil Stock Down With It

http://appsforpcdaily.com/2017/04/oil-prices-fall-to-11-day-low-on-us-shale-output-surge/

OIL PRICES FALL TO 11-DAY LOW ON US SHALE OUTPUT SURGE

 

[Quant]

https://www.bloomberg.com/news/arti...=social&cmpid==socialflow-twitter-commodities

 

[Quant]

Oil got a pounding in Asian session today , you don't see that very often , back to pre opex cut levels

 

[ducati916]

Short term, next 10-15 days, bullish on oil, maybe 10% move

jog on
duc

 

[Quant]

Short term, next 10-15 days, bullish on oil, maybe 10% move

jog on
duc

Yeah I tend to agree as my bull/bear count was close to rolling bull yesterday , today key

 

[Quant]

Opec failing to lift oil , wouldn't be long into upcoming opec meet

https://www.breakingviews.com/considered-view/opecs-oil-price-conundrum-requires-new-bargain/

 

[Quant]

Opec failing to lift oil , wouldn't be long into upcoming opec meet

https://www.breakingviews.com/considered-view/opecs-oil-price-conundrum-requires-new-bargain/

Russia, which has led a group of non-Opec member producers in assisting with the cuts, also appears to be backing an extension, which is expected to be agreed at the next Opec ministerial meeting on May 25.

 

[ducati916]

Today's price action [to my mind] simply confirms that a short-term bottom is in. An 'oversold' condition. Therefore, a small bounce, in the short-term [10-15 days] of about 10%, still looks to be the trade.

The 'fundamentals' are important to this market, but not necessarily in this timeframe.

jog on
duc

 

[ducati916]

Nice initial move higher in oil today. I'd be a seller [of a long position] circa $50.

jog on
duc

 

[CanOz]

Nice initial move higher in oil today. I'd be a seller [of a long position] circa $50.

jog on
duc

It had a bid before the announcement but it was acting too short anyway. These are the times that holding through might not be a bad idea....

 

[Quant]

Model flipped as anticipated , what an instrument ..

 

[CanOz]

Trying to hang on to these longs .....

 

[Quant]

Oil the lovely trender . Such a clean chart , 10 days to opec meet

 

[ducati916]

I'd be selling the position at circa $50.42. Realistically, as soon as it broke through $50 I'd be selling the [long] position.

jog on
duc