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The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,131 / 1,753
Last Reply:50 Minutes Ago (02:57 PM) Attachments:450

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The CL Crude-analysis Thread

Old November 19th, 2015, 11:06 AM   #1391 (permalink)
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Crude runs have recovered nicely, up nearly 1kkb/day from the early October lows.
I know it's only a guesstimate but interesting to see that the DOE is reporting production flat to higher than the last few months.

also keep in mind that this is a seasonally weak period for oil due to the lack of demand from some refineries caused by year-end tax on inventories. This...plus the current short-term downtrend on the chart is a headwind.

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Old November 19th, 2015, 01:27 PM   #1392 (permalink)
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/CL

well....previous/recent trading range was (basically)$45-50 (+ or - 1.50); but now......"oh that pregnant pause" just like the commodity......it seems to be basing for new trading range of $40-$45. IF goes below Aug flash-crash support of approx. $38.xx then "look out below!!!"

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Old November 19th, 2015, 02:12 PM   #1393 (permalink)
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What's next for crude? Vote and discuss.



Mike

Both is likely within the next year, but who cares, just trade price as it evolves. What good is a prediction anyway? Just a way to stroke ones ego.

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Old November 19th, 2015, 02:19 PM   #1394 (permalink)
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With Dec ~ $40 and Jan ~ $41.50 I know $30 is closer than $60 but I just don't think WTI goes that low. So it may not be any time soon but I have to pick $60 over $30.

That's the idea, asymmetrical returns. I see majority have voted for 30 first, so far.

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Old November 19th, 2015, 02:20 PM   #1395 (permalink)
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Both is likely within the next year, but who cares, just trade price as it evolves. What good is a prediction anyway? Just a way to stroke ones ego.

Polls like this are to generate discussion.

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Old November 19th, 2015, 02:53 PM   #1396 (permalink)
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http://finance.yahoo.com/news/chart-says-crude-oil-going-110000658.html?soc_src=mediacontentstory&soc_trk=tw

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Old November 19th, 2015, 05:07 PM   #1397 (permalink)
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With current ending stocks and the way US Dollar is gaining value, I bet for $30 (without putting any money of course).

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Old November 19th, 2015, 06:05 PM   #1398 (permalink)
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US Natural Gas stocks set a new all time high today as well!

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Old November 19th, 2015, 06:10 PM   #1399 (permalink)
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US Natural Gas stocks set a new all time high today as well!

Or something like that...

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Old November 20th, 2015, 08:35 PM   #1400 (permalink)
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30, it is a bear market. A real bear market, not a bear market with the Fed helping to ease the pain. It is a almost the opposite with the Fed being on the dollar's side with the rate hikes.

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