The CL Crude-analysis Thread (Page 169) - 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:126,216 / 1,757
Last Reply:2 Hours Ago (06:13 PM) 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 October 7th, 2016, 01:42 PM   #1681 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 617 since Jan 2012
Thanks: 288 given, 465 received

U.S. crude oil storage is filling up with unaccounted-for oil. There is a lot more oil in storage than the amount that can be accounted for by domestic production and imports.

Forbes Welcome

-William

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

Old October 8th, 2016, 10:06 AM   #1682 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 617 since Jan 2012
Thanks: 288 given, 465 received

Key World Energy Statistics

Courtesy of International Energy Agency

International Energy Agency

PDF

The CL Crude-analysis Thread-keyworldenergystats2016.pdf

-William

EDIT

The CL Crude-analysis Thread-energy_statistics_manual.pdf


Last edited by WilleeMac; October 8th, 2016 at 10:14 AM.
Reply With Quote
     
The following 2 users say Thank You to WilleeMac for this post:
     

Old October 10th, 2016, 05:46 AM   #1683 (permalink)
Elite Member
Valdosta, GA. U.S.A
 
Futures Experience: Advanced
Platform: Sierra ,NT, TOS
Favorite Futures: 6E, 6J, CL, GC
 
Posts: 477 since Sep 2010
Thanks: 1,818 given, 461 received

The Billion Barrel Oil Swindle:


80% Of U.S. Oil Reserves Are Unaccounted-For based on this information.
http://finance.yahoo.com/news/billion-barrel-oil-swindle-80-230000526.html

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

Old October 11th, 2016, 09:50 PM   #1684 (permalink)
Membership Temporarily Revoked
Boston, MA
 
Futures Experience: Intermediate
Platform: NT7
Favorite Futures: CL, RB, LE
 
Posts: 264 since Apr 2014
Thanks: 102 given, 166 received

Thursday is going to be a messed-up day, what with the EIA putting out a report without the leased-land inventories in the mix. *clucks* Fun times.

Reply With Quote
     

Old October 12th, 2016, 06:14 AM   #1685 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 617 since Jan 2012
Thanks: 288 given, 465 received

Futures Edge on FIO
For the folks that use Twitter as one of their sources/ feeds for news, look into #OOTT

-William

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

Old October 12th, 2016, 09:40 AM   #1686 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 617 since Jan 2012
Thanks: 288 given, 465 received


Quoting 
Today's market report shows the problem for #OPEC: they can't even agree on how much #oil key members are pumping | OPEC Faces Half-Million-Barrel Dispute With Members on Cuts - Bloomberg


#OOTT

H/ T

@samir_Madani
@wenkennedy

-William

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

Old October 13th, 2016, 02:05 PM   #1687 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 617 since Jan 2012
Thanks: 288 given, 465 received

Something I just stumbled across

Futures Radio Show
Episodes related to oil: 81, 82, 92

Episode 74 "Does the Fed Have a Clear Vision?"

Futures Radio Show

-William

Reply With Quote
     

Old October 14th, 2016, 09:08 AM   #1688 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 1,547 since Sep 2015
Thanks: 2,641 given, 1,927 received
Forum Reputation: Legendary

How to profit as Opec throws in the towel

From MoneyWeek

Oil cartel Opec has given up on hoping that US shale oil producers will go bankrupt before its members do.

The world’s oil producers have managed to endure two years of fighting for market share, leaving oil prices to find their own level in a semblance of a “free market”.

But the pain has been too great. Saudi civil servants aren’t used to taking pay cuts of 20%. There’s only so much of that sort of thing a society can tolerate.

So now they’ve called time on the war of attrition. They’re determined to keep oil prices above $50 a barrel.

And with Russia chumming up with the cartel, they might just manage it…

The world’s oil producers have thrown in the towel

Earlier this month, contrary to what everyone (including me) expected, oil cartel Opec managed to come to a sketchy deal to curb output.

Opec agreed to cap their output at 32.5 million barrels of oil a day, starting from next month. From current estimates, that’d be a cut of nearly a million barrels a day. That would be the first production cut in eight years.

That surprising level of agreement triggered a surge in the oil price. And yesterday, at another energy meeting in Istanbul, Russia decided to keep the momentum going. The country – a non-Opec oil producer – said it is ready to join the oil cartel in a deal to trim output.

Quoth Russian president Vladimir Putin: “Russia is ready to join the joint measures to cap production and is calling for other oil exporters to join.”

The oil price hit its highest level since this time last year. Both Brent crude (the European benchmark) and WTI (the US one) are above $50 a barrel now.

They will of course, have to deliver on the production cuts to keep this going. But they’d have to be pretty stupid not to. And given the efforts it has taken to get to this point, it would be strange to fall at the last hurdle.

Won’t a higher oil price just encourage US shale producers to ramp up production? Not necessarily, according to respected oil market analyst Gary Ross of US-based PIRA. He tells Reuters that “the timing of this is quite deliberate. Opec is doing this heading into winter and at a time when supply from non-Opec producers is down.”

In short, demand will go up as the cold weather sets in. At the same time, low prices have forced shale producers to cut investment and shed workers over a prolonged period. It’ll take them time to come back from that – enough time to allow Opec to take advantage of higher winter fuel demand.

“The policy to push for market share is over. It’s a matter now of going back to managing the market.”

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

Old October 14th, 2016, 01:02 PM   #1690 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 617 since Jan 2012
Thanks: 288 given, 465 received



Quoting 
By John Kemp

LONDON, Oct 14 U.S. natural gas prices have surged to the highest level for more than 18 months as stocks continue to build more slowly than normal despite the warm weather.

The price for gas delivered to Henry Hub in March 2017 has risen by 11 percent since the end of September and is up by almost 44 percent since hitting a low back in February

The structure of futures prices has also shifted from a big contango to a small backwardation, with near-term contracts rising much further than prices for deferred deliveries

Futures markets are sending an urgent signal to gas producers about the need for more drilling and to electric utilities to run gas-fired plants for fewer hours this winter to conserve stocks.

Gas stocks typically rise between April and October and then draw down between November and March. But stocks have increased much more slowly than usual this year.

Stocks have risen by less than the five-year average every week since the start of May, a total of 23 consecutive weeks, according to data from the U.S. Energy Information Administration

COLUMN-U.S. natural gas prices surge amid supply fears: Kemp | Reuters

Icing on the cake would be a very cold winter (pun intended)



-William

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

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)
 

Trading Technologies: ADL hands-on

Dec 13

Normal webinar schedule resumes after the holidays

January

Ernie Chan: Risk Management

Elite only

Dedicated Trading Servers: Advantages/Disadvantages w/sam028

Elite only

An Afternoon with FIO member Massive I

Elite only

Leo Murphy: TBA

Elite only
     

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 08:16 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 2016-12-10 in 0.15 seconds with 20 queries on phoenix via your IP 54.205.0.26