Crude Oil Futures - Jan 16 (CLF6)

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41.77 -1.27    -2.95%
27/11 - Closed. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 43.04
  • Open: 42.54
  • Day's Range: 41.67 - 42.75
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Crude Oil 41.77 -1.27 -2.95%
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Crude Oil Analysis

David Solin
AUD: Final Downside "'Washout" Ahead ?
By David Solin - Nov 29, 2015

Nearer term AUD outlook: No change in the bigger picture, bearish view as the action from the Sept 7th low at .6895 is seen as a correction, and with eventual new lows after (see longer term below). ...

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Latest Crude Oil Comments

Al Behairi  Heisha
Al Behairi Heisha Just Now
Buy crude oil. Follow me for $$$$$
Jer MA
Jer MA Just Now
Just hold DWTI.... you get the spread contango :). Roll starts on Tuesday for 5 trading days at 20% roll factor each day.
The  Pundit
The Pundit Just Now
I have been using some time cycles for a while now on the daily charts and have had quite good results at detecting turns in the crude market. SELL signals were given on Jul 16 (Good result), Aug 14 (Good result), Sept 14 (Flat), Oct 13 (Excellent result), Nov 11 (Good result). BUY signals Jul 30 (Fail), Aug 28 (Small success), Sept 28 (Excellent result), Oct 27 (Excellent result), Nov 25 (So far a fail). The July buy that failed was during the nonstop fall from the high 50's to under 40. More intriguing than arguing over quotas :)
Hornsnclaws eh
Hornsnclaws eh Just Now
I am going to be looking at a position on Tuesday possibly. Which way do you see it for the couple days between then and Friday? I am looking at a rally on Monday followed by another leg down through Tuesday- Friday.
The  Pundit
The Pundit Just Now
Dec 11th or the nearest trading day would be the next sell, which if the current "buy" fails could be much lower. The next buy is Dec 25 or the nearest trading day to that holiday.
The  Pundit
The Pundit Just Now
Sorry, our posts are out of order. In answer to your question, I lightened my short position on Friday. Monday has a good chance of rallying, unless this is an outright fail.
Hornsnclaws eh
Hornsnclaws eh Just Now
Not a problem. I am thinking a rally over night tonight and into Europe tomorrow AM. Then NYMEX should give some direction on Monday morning. I hope it stays up till Tuesday so I can buy high, ( of course now that we have a Chia PET Prime Minister, there will probably be a lot of high buying going on.)
Reservoir  Dogz
Reservoir Dogz Just Now
You should post them real time.
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