What's next for Crude Oil? - Commodities Futures Trading | futures io social day trading
futures io futures trading


What's next for Crude Oil?
Updated: Views / Replies:2,727 / 16
Created: by Big Mike Attachments:7

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 7  
 
Thread Tools Search this Thread
 

What's next for Crude Oil?

  #11 (permalink)
Elite Member
Australia
 
Futures Experience: Intermediate
Platform: NT7 and Sierra Chart
Broker/Data: Interactive Brokers
Favorite Futures: ALL
 
Posts: 61 since Apr 2012
Thanks: 92 given, 15 received

Do you think we can get down to $80 here?

Reply With Quote
 
  #12 (permalink)
Elite Member
NY, NY
 
Futures Experience: None
Platform: T4, NinjaTrader
Favorite Futures: All!
 
patbateman's Avatar
 
Posts: 235 since Mar 2012
Thanks: 113 given, 193 received


Market Sniper 88 View Post
Do you think we can get down to $80 here?

Yes-Iran's currency has collapsed well over 50% of its value in the past week alone..

"A Jedi's strength flows from the force."
-Yoda
Reply With Quote
 
  #13 (permalink)
Elite Member
London/UK
 
Futures Experience: Intermediate
Platform: IBs ladder / Market Delta charts
Broker/Data: IB / IQfeed
Favorite Futures: Bund
 
Posts: 438 since Sep 2012
Thanks: 260 given, 96 received



patbateman View Post
Yes-Iran's currency has collapsed well over 50% of its value in the past week alone..

hi PB,
can you ellaborate a little on your response please ie how does iran's currency collapse impact the price of oil in dollars (or gold for that matter - which is what some countries are using to pay for it)?
thanks.
rosho

Reply With Quote
 
  #14 (permalink)
Elite Member
Australia
 
Futures Experience: Intermediate
Platform: NT7 and Sierra Chart
Broker/Data: Interactive Brokers
Favorite Futures: ALL
 
Posts: 61 since Apr 2012
Thanks: 92 given, 15 received

Reversal

Anyone have any thoughts on the reversal we had on crude today?

All seems pretty crazy with 4%+ down one day then 4%+ up the next?

A lot more volume on todays action than yesterday, thats for sure.

Reply With Quote
 
  #15 (permalink)
Elite Member
Australia
 
Futures Experience: Intermediate
Platform: NT7 and Sierra Chart
Broker/Data: Interactive Brokers
Favorite Futures: ALL
 
Posts: 61 since Apr 2012
Thanks: 92 given, 15 received

Possibly something to do with the Syria/Turkey tensions.

Reply With Quote
 
  #16 (permalink)
Elite Member
London/UK
 
Futures Experience: Intermediate
Platform: IBs ladder / Market Delta charts
Broker/Data: IB / IQfeed
Favorite Futures: Bund
 
Posts: 438 since Sep 2012
Thanks: 260 given, 96 received


Market Sniper 88 View Post
Possibly something to do with the Syria/Turkey tensions.

An attempt to explain it.....

Oil Markets Limp into Fourth Quarter

"The drag on crude oil prices was exacerbated by reports from the U.S. Energy Department's Energy Information Administration that crude oil output from the United States increased 11,000 barrels per day to 6.52 million bpd, its highest level in more than 16 years. U.S. crude oil stocks, however, bucked analyst's expectations and dropped by 482,000 barrels during the last week of September. That came despite a 511,000 increase in crude oil imports for the same reporting period. Market analysts reacted more strongly, however, to overall weak economic data than to oil stocks in the United States."

As oilprice says, the inventory figs out yest were bullish (though there was other contrary figs also eg output), but the sell off in oil had already begun.

And as you say, turkey fired into syria last night & today.

If you had traded the charts yest you would have done well.

Reply With Quote
 
  #17 (permalink)
Elite Member
London/UK
 
Futures Experience: Intermediate
Platform: IBs ladder / Market Delta charts
Broker/Data: IB / IQfeed
Favorite Futures: Bund
 
Posts: 438 since Sep 2012
Thanks: 260 given, 96 received

Not sure how long the market has known about this....

"Hugo Chávez promises to increase production and reduce dependence on US market by doubling crude exports to Asia...."
Venezuela election result set to upset global oil politics | World news | The Observer

....if he wins. Wonder if this was the cause for the sell off over last couple of weeks. Lets wait & see.

Reply With Quote

Reply



futures io > > > > What's next for Crude Oil?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Crude Oil trading JDNeeman Trading Journals 526 November 24th, 2016 08:12 PM
Crude Oil Contract Roll Over Bramhall17 Commodities Futures Trading 4 March 29th, 2012 04:14 PM
Crude Oil low, which is correct? crudetrader Reviews of Brokers and Data Feeds 8 January 9th, 2011 10:19 AM
Crude Oil Chart Idea. Ryanb The Elite Circle 7 October 25th, 2010 07:52 AM
BruteForce-Crude Oil Zoethecus Trading Journals 32 July 14th, 2010 01:16 PM


All times are GMT -4. The time now is 04:00 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.10 seconds with 20 queries on phoenix via your IP 54.163.210.170