Long Oil Now!

Discussion in 'Commodity Futures' started by The Kin2, Jun 29, 2007.

  1. I think any increases will be very minor but if you buy now I believe you will be up on Monday.
  2. Natural Gas will have a bigger gap up on monday. what do you think?
  3. true! My system is based on very early prediction of hurricanes which may strike the rigs in the gulf.
  4. You may be right about the oil play. Well I hope it works out well for you. Im a little nervous about oil right now. I prefer Natural Gas. My reason for choosing NG is because it has been going down for over a week now, so im picking bottom. Also, its about 20% less than it was at this time last year.
  5. The margin requirement for NG is a killer Khaled. In regard to picking bottom on NG; I do not know about you but this thing is the hardest to range.
  6. USO Buy 55.22 48.26
    NGAS Buy 8.83 7.50

    USO 1.069599433
    NGAS 1.084725674
    Offsets Coef
    NGAS Low=Ngas Close(Any Previuos) / 1.084725

    Placing small order Like that will help average well IMO

    With close at 8
    Order at 7.37

  7. Expect NGAS

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1518408>
  8. I agree. I know that its a risky play. I beleive that if NG goes down, it wont be by much. Anyways, Im taking the risk.
  9. I agree - NG swings very erratic and you get big exageratted moves. This thing is in a waterfall.

    Anybody else as bearish as I am? I'm looking at $5.000