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The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,404 / 1,754
Last Reply:15 Hours Ago (01:02 AM) Attachments:450

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The CL Crude-analysis Thread

Old April 21st, 2015, 03:57 AM   #1041 (permalink)
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Timing is always an issue it seems....

And since timing can be tough, there are essentially two ways to deal with it, take a small loss a couple of times while you wait for the timing to be right, or use a very large stop and let the market work itself out.

Today I chose small stops and then was able to get on board while price did its thing.

Left some money on the table for sure, quite a lot actually but looking at the 60M chart it would either 1) stop at HOD from yesterday and reverse, 2) Break the HOD from yesterday and reverse and 3) Break the HOD from yesterday and run. I chose the conservative route....#1. And as price got close to it, I bracketed the current price and let either the stop or the limit be hit....the stop was hit and so out of the trade.

I was short early because there was a good case for it....and yesterday's 50% level was the target but after the open, price could not print a tick below the OR bar high....and today's OR low turned out to be the LOD, something that rarely happens....I think its 9% of the time...where the OR low or high is the high or low of the day.

I'm having a much better week than last week or even the last few weeks....I will be avoiding trading before inventory tomorrow. No sense in getting chopped up prior to the number...my stats say the hours between 5:30 and 7:30 AM on Wednesday are my worst trading hours period. So simply eliminating that time frame will probably save me a lot of money over the year.

The kiddo is on spring break this week so lots of daddy stuff to do! She's great and a super kid to be around.....looking forward to it.

Trades went 0, -10, +14, 0, +38

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Hey Panda,

just a bit off-topic. What is your font style on the chart?

Best regards
arroganzmaschine

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Old April 21st, 2015, 09:56 AM   #1042 (permalink)
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arroganzmaschine View Post
Hey Panda,

just a bit off-topic. What is your font style on the chart?

Best regards
arroganzmaschine

Arial 14

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Old April 21st, 2015, 10:46 AM   #1043 (permalink)
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Arial 14

Also on the price and time axis?

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Old April 21st, 2015, 11:07 AM   #1044 (permalink)
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arroganzmaschine View Post
Also on the price and time axis?

the indicators have their own font and size....arial 14 is the time and price font and size. not sure about the indicators.

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Old April 22nd, 2015, 09:47 AM   #1045 (permalink)
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Futures Edge on FIO
World's Largest Oil Trader Sees $50/bbl As Bottom For Oil Prices

"Largest Oil Trader" becomes 'largest independent oil trader' in the article and should actually be 'largest independent physical oil trader'. Interesting none the less.

World's Largest Oil Trader Sees $50/bbl As Bottom For Oil Prices - Oilpro

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Old April 22nd, 2015, 10:12 AM   #1046 (permalink)
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World's Largest Oil Trader Sees $50/bbl As Bottom For Oil Prices

"Largest Oil Trader" becomes 'largest independent oil trader' in the article and should actually be 'largest independent physical oil trader'. Interesting none the less.

World's Largest Oil Trader Sees $50/bbl As Bottom For Oil Prices - Oilpro

They did say, "oil prices will not fall below $50/bbl for sustained periods".

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Old April 22nd, 2015, 10:28 AM   #1047 (permalink)
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SMCJB View Post
World's Largest Oil Trader Sees $50/bbl As Bottom For Oil Prices

"Largest Oil Trader" becomes 'largest independent oil trader' in the article and should actually be 'largest independent physical oil trader'. Interesting none the less.

World's Largest Oil Trader Sees $50/bbl As Bottom For Oil Prices - Oilpro

From another article.


Quoting 
Ian Taylor, head of the world's largest oil trader, Vitol , told Reuters he thought global benchmark Brent crude oil, which tumbled 60 percent to just above $45 a barrel in January, could dip again briefly.

But the oil market had likely already seen its 2015 lows.

"We will probably see one more dip in the second quarter but prices probably won't go below this year's lows," Taylor told Reuters

UPDATE 1-Oil unlikely to hit new 2015 lows - traders | Reuters

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Old April 22nd, 2015, 10:33 AM   #1048 (permalink)
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They probably fully loaded longs and/or physical crude And a shortage of storage capacity isn't miles away...

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Old April 22nd, 2015, 03:41 PM   #1049 (permalink)
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Personally I'm slightly disappointed with trading crude over past few days. After post-EIA spike we've stuck in 60-70c range. Where are all vols gone to? Trading volumes were down thru the week and today may barely reach just a half of last Wed peaks. Intraday trading FI futures and Russell will eventually bring more return than trading energy products this week.

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Old April 27th, 2015, 10:26 AM   #1050 (permalink)
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Quoting 
West Texas Intermediate oil delivered into Midland has slumped recently on news of planned work in May on two major pipelines in the region - Sunoco Logistics Partners LP's 300,000 barrel-per-day West Texas Gulf and the 280,000 bpd Mid Valley pipeline. These lines are primarily responsible for bringing Permian crude closer to refiners on the Gulf Coast.

Pipeline outages in May will result in extra barrels moved into Cushing, as physical oil traders will be "less likely to buy May WTI at Cushing for need of storage space for incremental May deliveries," said Dominic Haywood, an oil analyst at Energy Aspects in London.

Traders alarmed oil glut is a strain on West Texas storage tanks | Reuters

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