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Futures Trading: Energies

Discussion in 'Futures Trading' started by bigbear0083, Apr 4, 2016.

  1. bigbear0083

    bigbear0083 Content Manager
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    Futures Trading: Energies

    (/CL, /BZ, /RB, /HO, /NG)
     
  2. IchiFutures

    IchiFutures Member

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    Watch Natural Gas longs here at 1.9. Fundamentals aren't hot with warm weather but there might be a squeeze for the responsive players in the game
     
  3. IchiFutures

    IchiFutures Member

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    Welp.... 2016-04-07 06.23.26.png
     
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  4. bigbear0083

    bigbear0083 Content Manager
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    boom! nice call ichi [​IMG]
     
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  5. IchiFutures

    IchiFutures Member

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    Another long for me in NG. Not feeling as strong about this one as my primary indicators are running positive while it remains sideways. We'll see.
     
  6. IchiFutures

    IchiFutures Member

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    That trade ran it's course. Nothing for me now. -7 ticks
     
  7. LSS Trading

    LSS Trading Member

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  8. LSS Trading

    LSS Trading Member

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  9. IchiFutures

    IchiFutures Member

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    @LSS Trading thanks for posting. no entry for me yet. watching. good luck.
     
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  10. aaa

    aaa Member

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    Natural gas prices end the week higher (+3.62%), closing in on resistance
     
  11. aaa

    aaa Member

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    #USOil slides 4% Monday, amid fears of #OPEC output cut efforts being overshadowed by #US production increase
     
  12. aaa

    aaa Member

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    US oil rigs rose last week to 566,highest since Nov'15.Oil dips despite planned prodn. cut
     
  13. aaa

    aaa Member

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  14. aaa

    aaa Member

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  15. aaa

    aaa Member

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    We've seen good news for oil market recently:
    1. S&P Global Platts survey this week showed OPEC production cut compliance for January was at 91%, far above its average compliance rate of 60%. Though Iraq was producing over allocation and Iran, Libya and Nigeria were exempt from cuts, Saudi Arabia, Kuwait and Angola made up for these lapses by making larger cuts than required.
    2. Data from IEA showed that global demand for 2016 was healthy at 1.6mnbpd, driven by better than expected European economic growth, colder weather and high vehicle sales. The 2017 forecast for global oil demand growth was revised up by OPEC to 1.19mnbpd (vs 1.16mnbpd)

    But investors need to keep these factors in mind before being bullish on oil:

    1. US shale oil production could contribute to global supply, capping the gains from production cuts. Baker Hughes reported 8% monthly rise in active rigs in January this year at 683, up 4% higher than January 2016. OPEC might have to continue with the cuts to be able to keep the uptrend in oil prices steady.
    2. Beyond June, OPEC members might be wary of production cut continuation and compliance as they struggle to maintain market share
    3. Countries like Nigeria that have been producing below capacity levels due to the insurgency, could increase supply.Similarly, Iran and Libya, that were exempt from cuts, could also contribute to increasing supply levels and impact oil prices negatively

    Will the oil markets eventually re-balance this year?
     
  16. Epicram

    Epicram Member

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    In this year, the crude oil have great chance to cross the highest point.
     

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