|
| Discuss Lets talk crude at the Energy within the Traderji.com - Discussion forum for Stocks Commodities & Forex; While I'm happy to see the commdoities section gaining more attention slowley, there are ... |
|
|||||||
| Register | Blogs | FAQ | Chat Room | Search | Today's Posts | Mark Forums Read |
| Energy Discuss Crude Oil and Gas here. |
|
Welcome to the Traderji.com - Discussion forum for Stocks Commodities & Forex. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please read the FAQ. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
15th August 2005, 08:51 AM
|
|||
|
|||
Lets talk crude
 While I'm happy to see the commdoities section gaining more attention slowley, there are hardly any postings on crude and precious metals. Let me stick my neck out and give my two bit opinion on this. I feel crude is in an overbought region and possibly retrace lower in the short run to 65 or lower. Similar is the case with Gold. Should see some correction. More experienced members may please offer thier comments. My views are based purely on my readin gof the chart and not any fundamental data. 
|
|
#2
15th August 2005, 10:08 AM
|
|||
|
|||
|
Re: Lets talk crude
Hi Mareeche
You may be right on short term basis on crude but on the long run it is still bullish and is likely to go beyond $70.00 OR even ABOVE. I will not establish any short position on crude at this time as it has been in a bullish mode and going strongly NORTH. I feel It will go to 70 dollars level first than 65 dollar level. Good Luck
|
|
#3
15th August 2005, 12:30 PM
|
|||
|
|||
|
Re: Lets talk crude
I also have to agree with wastej..... crude oil is very likely going to pass the 70 mark.... its already set records and there is no sign of it slowing down ......
|
|
#7
15th August 2005, 05:41 PM
|
|||
|
|||
|
Re: Lets talk crude
I'm enclosing a chart of Jan 07 Oil contract from NYMEX dated 8-12-05.
There appears to be an ascending triangle pattern with $66.25 being the next target of resistance/consolidation/pullback. If history is our guide, a $5 pullback should bring it down to $61.25+/- and a break lower may spell a larger breakdown of the already bullish trend. Right now, the bulls have control. Let me know if the chart doesn't appear. MasterChief
|
|
#8
15th August 2005, 11:23 PM
|
|||
|
|||
|
Re: Lets talk crude
Hi Wastej and Gurdeep,
When I mentioned about the overbought state of crude and a likely correction to 65 and thereafter below that is from a short term technical point of view. Long term view is debatable with very little evidence at this point in time except extrapolations by Oil pundits based on supply and demand forecasts. Happily Gold has corrected since my last posting if any one has noticed.
|
|
#9
17th August 2005, 09:36 PM
|
|||
|
|||
|
Re: Lets talk crude
Quote:
Currently crude oil is trading @ 64.30 area were it is supported by mild regression line support . So attempt to make a tiny long at this lvls if one still remain bullish toward . I am currently trail stp 66.80 <>67.20 trades and 65.25 area provides sellers reentry zone if one attempt tiny long try to exit @ 65.25 area 
|
|
| Thread Tools | |
|
|
Similar Threads for: Lets talk crude
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Crude Oil Future Conracts | pulkitm | Commodities | 7 | 12th October 2007 03:30 PM |
| Crude Oil Futures and Crude Oil Options | TATrader | Energy | 2 | 11th October 2007 09:06 PM |
| Real time data for indian crude futures | billauday | Data Feeds | 0 | 12th August 2005 08:56 AM |
| Crude Oil hits new high near $49 as Iraq violence flares | TATrader | Commodities | 0 | 20th August 2004 08:10 AM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss
arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer
to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
Re: Lets talk crude
