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Post by clinton on Apr 6, 2015 9:01:56 GMT -5
Last Update: 06-Apr-15 09:53 ET Oil Prices Rally Following Saudi Prices Increases Oil futures rallied this morning after Saudi Arabia raises prices for oil sales going to Asia for the second month in a row.
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Post by clinton on Apr 7, 2015 9:27:11 GMT -5
its ready
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Post by novie08 on Apr 7, 2015 9:32:23 GMT -5
Of course it is...the summer season's upon us! LOL.
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Post by clinton on Apr 8, 2015 9:55:38 GMT -5
and it got slammed hard LOL
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Post by huh on Apr 8, 2015 9:57:46 GMT -5
If dollar futures break out over 98.25 (currently @ 98.15) oil will have failed the iH&S breakout.
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Post by jacksrbtr on Apr 8, 2015 10:32:22 GMT -5
If dollar futures break out over 98.25 (currently @ 98.15) oil will have failed the iH&S breakout. ITMS saying the Euro's going to .80 The USD/EUR now is 0.92
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Post by huh on Apr 8, 2015 10:41:50 GMT -5
...USO hitting final FIB resistance and I don't think it's going to hold up with this move in the dollar. It's always about the FIBs Dollar has yet to confirm oil still lower from here though. Should know soon.
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Post by huh on Apr 8, 2015 13:07:34 GMT -5
If dollar futures break out over 98.25 (currently @ 98.15) oil will have failed the iH&S breakout. Dollar broke over that resistance (that's the downtrend line since the high)
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Post by novie08 on Apr 8, 2015 16:38:38 GMT -5
Hmm. I'm reading storage at Cushing is huge, after reading it was lower on Monday! Walnut, Clinton and Sense what do you see here? Thinking of some DTO again.
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Post by clinton on Apr 12, 2015 19:23:54 GMT -5
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Post by huh on Apr 13, 2015 9:52:50 GMT -5
Next oil downside target ~51.15
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Post by huh on Apr 13, 2015 10:29:16 GMT -5
Next oil downside target ~51.15 After that looks like a pop to 51.75-51.90, then under 50.
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Post by huh on Apr 13, 2015 12:25:00 GMT -5
Market up, oil down. Market down, oil up.
Somebody doesn't want to let their oil go for under 52.
...they will.
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Post by huh on Apr 14, 2015 7:25:14 GMT -5
Oil so far holding the 52.00 support.
I am seeing the potential for some serious weakness here in dollar futures if it loses 99.75 (currently trading at 99.81). So perhaps oil can find a bid. But dollar futures needs to lose that support and oil needs to break resistance to confirm it.
The next oil resistances sit at 52.70 and 53.25. Upside target would be ~56.
If dollar futures rally instead and oil loses 52, the likely downside target is ~47.20, with supports at 51.60 and 50 on the way down.
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Post by huh on Apr 14, 2015 7:39:46 GMT -5
LOL. And about 2 minutes later the dollar lost that 99.75 support and immediately put in a large red candle. But so far, oil's not reacting to it. (gold is)
Next support for dollar futures is ~98.90.
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Post by huh on Apr 14, 2015 9:32:10 GMT -5
...I am seeing the potential for some serious weakness here in dollar futures if it loses 99.75 (currently trading at 99.81).... Already down more than a %, which is a big move for a currency. But both gold & oil have yet to break their major resistances.
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Post by huh on Apr 14, 2015 9:40:53 GMT -5
Oil now very near its major resistance (53.25). Dollar still falling.
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Post by huh on Apr 14, 2015 10:48:59 GMT -5
That's a big break out in oil if it holds this 53 area now.
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Post by huh on Apr 14, 2015 14:04:52 GMT -5
Looks to me like oil will fail the break out. If not today, then soon.
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Post by huh on Apr 14, 2015 14:35:04 GMT -5
Looks to me like oil will fail the break out. If not today, then soon. Have to respect it though really until under that 52.00-52.50 area.
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