The CL Crude-analysis Thread (Page 161) - Commodities Futures Trading | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Traders Hideout > Commodities Futures Trading


The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,712 / 1,754
Last Reply:December 4th, 2016 (01:02 AM) Attachments:450

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike
     

Reply
 450  
 
Thread Tools Search this Thread

The CL Crude-analysis Thread

Old May 6th, 2016, 02:41 PM   #1601 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,586 since Dec 2013
Thanks: 1,395 given, 2,358 received
Forum Reputation: Legendary

Don't need to post this every week but according to oil driller Baker Hughes, the number of US oil rigs in use fell by 4 last week to 328. This is the seventh straight week of declining rigs and lowest oil rig total since October 2009. Combined oil and gas rigs fell by 5 this week to 415, a new record low since this series began in 1947.

Baker Hughes rig count, May 6 - Business Insider

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
     
The following user says Thank You to SMCJB for this post:
     

Old May 6th, 2016, 06:11 PM   #1602 (permalink)
Elite Member
Boston, MA / USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 167 since Apr 2013
Thanks: 1,721 given, 204 received


SMCJB View Post
Don't need to post this every week but according to oil driller Baker Hughes, the number of US oil rigs in use fell by 4 last week to 328. This is the seventh straight week of declining rigs and lowest oil rig total since October 2009. Combined oil and gas rigs fell by 5 this week to 415, a new record low since this series began in 1947.

Baker Hughes rig count, May 6 - Business Insider

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

This is an amazing graph. In 1.5 years we have lost 80% of our rigs.

Reply With Quote
     

Old May 9th, 2016, 11:37 AM   #1603 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,586 since Dec 2013
Thanks: 1,395 given, 2,358 received
Forum Reputation: Legendary


Staggering chart...

Inside Energy :- U.S. Coal Production Has Fallen Off A Cliff | Inside Energy

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
     
The following user says Thank You to SMCJB for this post:
     

Old May 9th, 2016, 11:50 AM   #1604 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 616 since Jan 2012
Thanks: 288 given, 463 received

@SMCJB

Yes sir - we live in Louisville and take weekend rides to WVa, eastern KY several times a year - good deals can be had on the coal bucket of your choice.

Moreover, we have some of the cheapest nat gas and electricity in the country - since 2014 our utility bill has gone up 30%

The very sad part is the jackass in charge to this day has no viable alternative energy source

Adding humor to this is the green push for electric cars etc. Ok richard whistle, how do you propose charging that vehicle #STUPIDPEOPLE

Cheers, ride safe and keep the rubber side down

-William

Reply With Quote
     

Old May 9th, 2016, 12:23 PM   #1605 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,586 since Dec 2013
Thanks: 1,395 given, 2,358 received
Forum Reputation: Legendary

Futures Edge on FIO

WilleeMac View Post
Moreover, we have some of the cheapest nat gas and electricity in the country - since 2014 our utility bill has gone up 30%

That sucks. I just checked. The 1 year electric contract I signed in May'13 was 6.1c/kwh for energy. The 1 year electric contract I signed in May'14 was 7.4c/kwh for energy. The 2 year electric contract I signed in May'15 was 5.9c/kwh. If I wanted to renew to today 1 year contracts are 5.8c and 2 year contracts 5.9c. (all same provider). So depending on your reference point my electricity is down approximately 5% (vs'13) or 20% (vs'14). Add into that programmable thermostats and my electric bills are down significantly.

But when you consider that Henry Hub averaged $3.73 in 2013 and $4.37 in 2014, while the current 12 month strip is only about $2.67, I agree that at first glance you would expect it to be significantly lower than it is.

WilleeMac View Post
The very sad part is the jackass in charge to this day has no viable alternative energy source

Is your implication that the other party would have 'invented' a different alternative energy solution or are you just expressing your politics?

WilleeMac View Post
Adding humor to this is the green push for electric cars etc. Ok richard whistle, how do you propose charging that vehicle #STUPIDPEOPLE

The ethanol mandate is ludicrous. The green/electric cars push in the US comes down to two things cheaper & cleaner. Electric cars are both significantly cheaper than gas cars, even with the new lower oil prices and cleaner given both the increased efficiency and the cleanliness of NG generation vs a combustion engines.

Reply With Quote
     

Old May 10th, 2016, 12:28 PM   #1606 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,586 since Dec 2013
Thanks: 1,395 given, 2,358 received
Forum Reputation: Legendary

Getting a little off topic here, but relates heavily to the coal chart posted yesterday and @WilleeMac's points regarding the inefficiencies of the electric markets. The following is an article about Dynergy's decision to close 3 coal fired power plants in IL and the ripple effect it has on the local community. It also discuss's a little how the deregulated electricity & capacity markets have made these plants uneconomical.

Counting the costs: The ripple effects of power unit shutdowns | EnergyBiz

Reply With Quote
     
The following 2 users say Thank You to SMCJB for this post:
     

Old May 10th, 2016, 01:01 PM   #1607 (permalink)
Trading Apprentice
New Waverly
 
Futures Experience: Beginner
Platform: Infinity Futures
Favorite Futures: CL, ES
 
Posts: 17 since Jan 2016
Thanks: 2 given, 8 received

http://www.mifc.com/index.php?ch=ch_contents_banking_takaful&pg=pg_banking_takaful&ac=12362&tpl=th006_print

Maybe I'm reading this wrong but it seems like suppressed oil is a bigger problem to the Saudis as they lead on. How are they going to pay for the Vision 2030 program (authored by the new minister) if no one will lend to them in 5 years. Ironically, it seems they need oil $60+ to cover the deficit and to be able to pay for this bullshit program.

Reply With Quote
     
The following user says Thank You to awaddle for this post:
     

Old May 13th, 2016, 02:28 PM   #1608 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,586 since Dec 2013
Thanks: 1,395 given, 2,358 received
Forum Reputation: Legendary

Rigs down another 10

Reply With Quote
     

Old May 18th, 2016, 11:37 AM   #1609 (permalink)
Elite Member
Stockholm Sweden
 
Futures Experience: Intermediate
Platform: Sierra chart
Favorite Futures: CL
 
Posts: 58 since Jun 2015
Thanks: 39 given, 43 received

Is it just me that thinks crude moving strange this weak? three days in a row the range has been less than 100 ticks

Reply With Quote
     

Old May 19th, 2016, 08:41 AM   #1610 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 616 since Jan 2012
Thanks: 288 given, 463 received


Oil-Services Companies FMC Technologies and Technip to Merge

13 billion deal

http://www.nytimes.com/2016/05/20/business/dealbook/fmc-technologies-technip-mer...sbusiness&smtyp=cur&_r=0

-William

Reply With Quote
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Traders Hideout > Commodities Futures Trading > The CL Crude-analysis Thread

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

NinjaTrader 8: Features and Enhancements, Tips and Tricks

Dec 6
 

Al Brooks: Stop Losing when a Good Trade goes Bad, Correcting Mistakes

Elite only
 

Trading Technologies: Algo Design Lab hands-on

Dec 13
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
CL Light Crude Analysis TPO/MP/VWAP/VPOC bobarian Commodities Futures Trading 1806 July 17th, 2015 03:39 AM
CL Crude-nalysis indextrader7 Commodities Futures Trading 227 November 5th, 2014 12:47 AM
Why crude oil (CL) trades mostly 1 contract? fyd49 Commodities Futures Trading 8 May 22nd, 2014 04:27 PM
Miscellaneous Statistical Analysis (the big thread) trendisyourfriend The Elite Circle 29 July 15th, 2013 01:51 PM
Big move on crude analysis josh Commodities Futures Trading 4 March 11th, 2011 10:07 AM


All times are GMT -4. The time now is 02:15 PM.

Copyright © 2016 by 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 2016-12-07 in 0.14 seconds with 20 queries on phoenix via your IP 54.204.247.205