Oil and Natural Gas - Page 3
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Thread: Oil and Natural Gas

  1. #21
    Quote Originally Posted by ;
    quote While we believe OPEC states are important their production cuts combined with the fact the US is out pacing their production with shale, squares it for me personally. I am under the impression there is not any lack of oil unless created via artificial slowing of this supply. The price of oil has increased since last year and OIL businesses desire a greater price for sure while manufacturing is artificially reduced, but that doesn't mean they'll get what they desire, US rigs keep coming up. The spike up on the trump tweet happened when these numbers were released...
    The trump tweet played a part but the most important fact is that the Saudis said they wish to see $80 And that was said the exact same day as the oil inventory data. That is why the market went mad. The following Iranians said they wish to see 65 (if I remember). Price dropped a little but the market arrived at the end that Saudis hold more weight concerning oil supply.

  2. #22
    Quote Originally Posted by ;
    quote The trump tweet played a part but the main fact is that the Saudis said that they wish to see $80 And that was stated the exact same day because the oil inventory information. That's why the market went mad. The next Iranians said they wish to see 65 (if I recall). Price dropped somewhat however, the market arrived at the conclusion that Saudis hold more weight in terms of oil supply.
    It might go to $80 brent within this slow upward trend eventually, may be a pull back in 68 short duration, down to 65 WTI.

    For those considering Son85 idea.
    Short video about exactly what the Saudis want.
    https://www.bloomberg.com/news/video...il-price-video

  3. #23
    Quote Originally Posted by ;
    quote It may go to $80 brent within this slow upward tendency finally, could be a pull in 68 short term down to 65 WTI. For those interested in Son85 idea. Short video about exactly what the Saudis want. Https://www.bloomberg.com/news/video...il-price-video
    If Saudi Arabia needs 80$ then it will definitely go around 80$ but it's to established last week inventory report so 65$ should occur first.

  4. #24
    Quote Originally Posted by ;
    Lets not have Amnesia. Last year on the 7th of April that's exactly 1 year ago, POTUS gave orders to the 2017 Shayrat missile attack in Syria. 59 Tomahawk cruise rockets were established at the Shayrat Airbase and was a significantly larger attack compared to the current attack now. Go look at USOIL on your charts on the 7th of April of last year, it was a friday. The price of oil didn't spike, it only followed the trend. There was no anomaly in the price action related to this event. I am not providing guie here because I could very well be incorrect, however if...
    I shall eat my humble pie on this one and congratulate your counter analysis.

    Let's create some pips this week on oil

  5. #25
    Quote Originally Posted by ;
    probably. picture
    im going to think about this. For now scenario quite comparable

  6. #26
    Quote Originally Posted by ;
    Lets not have Amnesia. Last year on the 7th of April which is exactly 1 year ago, POTUS gave orders for the 2017 Shayrat missile attack in Syria. 59 Tomahawk cruise rockets were established at the Shayrat Airbase and has been a significantly bigger attack than the recent attack today. Go look at USOIL on your charts on the 7th of April of last year, it was a friday. The price of oil did not spike, it just followed the trend. There was no anomaly in the price action linked to this occasion. I am not giving advice here because I might very well be wrong, but when...
    simply to clarify the attack actually took place on April 6th at 8:40pm EST. which was the morning of April 7th nearby Syrian moment.

  7. #27
    I believe the main point to keep in mind here is that we have had 2 years in a row where those strikes took place in Syria, both had hardly any effect on the price of oil. So It's important to keep in mind later on if this type of thing occurs again, remember the behavior / study the motions.

    I am waiting for crude oil inventory change on Thursday before I place another commerce, I'll update what I believe then.

  8. #28
    Assess this twitter account it is for oil and gold forecast
    https://twitter.com/spyforecast

  9. #29
    The saudis came out and said they wish to see $80 for price and that they would be happy with $100 too lol. Oil gone up!!

  10. #30
    Hey guys,

    only a little technical analysis penetration what will I be expecting to happen, I am not very experienced thus take this as possibility.
    If you draw fibonacci expansion lines, you will observe the confluence on 100 percent amount its 71.44 - 71.52 price, in which could happen turning back into 65 price, after throwback above price 72.

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