Crude Oil

Discussion in 'Commodity Futures' started by bone, Nov 7, 2018.

  1. dealmaker


    #11     Nov 15, 2018
  2. dealmaker


    #12     Nov 15, 2018
  3. All who mingles with Floyd ends up face down.
    #13     Nov 15, 2018
    wrbtrader and bone like this.
  4. bone

    bone ET Sponsor

    I find it troubling that the Dow is up 460 at this point today but CL F19 is + 0.39.
    #14     Nov 28, 2018
    dealmaker likes this.
  5. bone

    bone ET Sponsor

    ES up 10.00; CLF19 -0.86.

    Very bearish sentiment for crude.
    #15     Nov 30, 2018
  6. bone

    bone ET Sponsor

    Well, today Crude Oil finally followed the equity markets upwards. Strong Move. My guess is that five up days in a row in the S&P 500 might have convinced some traders that the damage done in the equity markets might be somewhat overdone. And that is a bit at odds considering the continued flattening of the yield curve. So - we're still a bit on the ragged edge here. I wouldn't be surprised to see equities and oil come off here a bit as we are headed towards some near term resistance.
    #16     Dec 3, 2018
  7. bone

    bone ET Sponsor

    Equities have come off but so far CL hasn’t followed suite - if we get further selling in equities this week (we have been rangebound) I’ll be watching to see if CL remains firmer against equities as it has been thus far today.
    #17     Dec 4, 2018
  8. themickey


    Crude oil futures down 0.5% atm.
    My call, strong rebound from here on Fri, USA time, should be good for a couple percentage minimum today and continuing up into next week.
    Last edited: Dec 7, 2018
    #18     Dec 7, 2018
  9. ZH doesn't seem to understand market making.
    #19     Dec 10, 2018
  10. maxinger


    crude oil now $47.

    But just 3 months ago, someone predicted oil will hit $100.
    so better trade based on what you see on the chart and stop predicting.
    $100 Oil Is A Distinct Possibility
    By Nick Cunningham - Sep 24, 2018, 6:00 PM CDT
    Join Our Community
    An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report.
    #20     Dec 19, 2018