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The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,884 / 1,754
Last Reply:December 4th, 2016 (01:02 AM) Attachments:450

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The CL Crude-analysis Thread

Old March 3rd, 2016, 06:07 AM   #1541 (permalink)
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This chart is thinkorswim, so as far as accuracy of futures data/ price is just that - but it's close enough for hand grenades and dot GOV work

Conveys the general idea (/CL settlement price not adjusted for contract changes)

-William

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Old March 3rd, 2016, 10:21 AM   #1542 (permalink)
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I know this is similar to the chart I posted on Monday which showed the Brent data, but this also shows WTI and I think the divergence between WTI and Brent is interesting especially given how correlated they have been previously....

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Old March 3rd, 2016, 10:31 AM   #1543 (permalink)
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SMCJB View Post
I know this is similar to the chart I posted on Monday which showed the Brent data, but this also shows WTI and I think the divergence between WTI and Brent is interesting especially given how correlated they have been previously....

Thank you

Yes sir. Earlier this week, end of last (?) I read that folks are going long Brent - I haven't looked further into this

Side note, Ray Dalio (Bridgewater) had a very interesting interview this AM on Bloomberg TV - look for the recording. IMO worth the time

-William

EDIT

They (Bloomie) said they will try and get the recording up later this morning

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Old March 3rd, 2016, 07:39 PM   #1544 (permalink)
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Hello all,

been a while but been watching oil closely lately and the WTI/Brent spread caught my eye the other day so thought I would post it up here too.

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Old March 4th, 2016, 02:24 PM   #1545 (permalink)
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Futures Edge on FIO
Rig count down another 9 to 392

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Old March 4th, 2016, 02:40 PM   #1546 (permalink)
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CobblersAwls View Post
Hello all,

been a while but been watching oil closely lately and the WTI/Brent spread caught my eye the other day so thought I would post it up here too.

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I've been threatening to start trading Brent for about a year but it still hasn't happened yet. If you plot that chart as a spread you get a U shaped curve. Front end Brent approx $1 over, second half of this year, Brent-WTI flat and then starting next year Brent-WTI widens continually getting out over $2 at the back. Does make you wonder why it's flat for the second half of this year?

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Old March 5th, 2016, 02:28 PM   #1547 (permalink)
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Commodities are touching bottom.

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Old March 5th, 2016, 06:55 PM   #1548 (permalink)
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tturner86 View Post
Since I was on the ignore list for IT7 I can't post to the thread he started. So I figured I would start a new thread to discuss CL.

I have been observing it and will start to take some trades in it.

This is open to everyone. Please feel free to post ideas and trades.

CL= Bounce to 38 is sell. It will test 38, anything above 38 is sell.

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Old March 7th, 2016, 10:38 AM   #1549 (permalink)
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@FuturesTrader71 in today's Trader Bite he hit on /CL - scroll to the 10:50 mark

https://www.youtube.com/watch?v=_Cx8RtqsPPk&feature=em-lbcastemail-np

-William

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Old March 9th, 2016, 12:30 PM   #1550 (permalink)
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U.S. Energy Agency Sees Lower Global Oil Prices

The U.S. Energy Department lowered its price expectations for the global Brent crude contract this year and next, saying it expected supplies to grow more than previously anticipated because robust production has persisted despite the market collapse.

The U.S. Energy Information Administration, an analytic division of the Energy Department, said it expected Brent oil prices to average $34 a barrel in 2016 and $40 a barrel in 2017, down from $37 and $50, respectively, from its outlook last month.


U.S. Energy Agency Sees Lower Global Oil Prices - WSJ

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