slow to learn

What do ya all think?

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hektor

I wanted to post one question but if you allow me I will post it here.

It is fundamental question:
What kind of fundamental environment we have to have so that the Oil drops down?
OK, until now we had bull market caused by the weak USD and the investors/speculators that are investing in cheap Oil. Lets forget for a while the dept that is hanging over the US and Europe and the consequence that may come after the collapse of fiat currencies! I am afraid to say it, but we are heading to very strong and very expensive for the world bull market!

so what are your views!?

greetings

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Simit Patel

@hektor, if we see a significant strengthening of the dollar, like we saw in the latter part of 2008, we may see oil drop. even then, there are those who say oil production has peaked, in which case oil could rise due to shortages.

@STL, looks like a good analysis to me, though i'd be interested if other timeframes are supportive.

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slow to learn

Hector I dont believe there is a environment were we will see crude drop read this.Global Crude Oil Crisis Coming - International Business Times This is my opp and im wrong alot

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slow to learn

Simit, Im starting to think I need to start taking long posisions, crude has given us so many opp to buy cheep back when it was bouncing off the 70's If I would have gotten long and just held sometime I think I would be better off? I could do that and scalp I guess. Did you get long at that time?

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DREBG

It depends on the overall trend- if it's Up (can't see that far left on the chart), then a FLASE break pin bar beyond support would indicate a long entry for trend continuation.

__________________
- Dave


THE GREATEST RISK IS NOT TAKING ONE...

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hektor

Oh thank God i got rid of all the indicators and lines and other things that were making my brain go crazy... Now I am just with S/R levels and so far they are working beautifully. The Oil bounced off exactly of 87.29, for sure it will come back to test this level and there might be nice opportunity to take long!!

greetings

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JeffShepherd

Slow, buy at the next swing low. The price is pulling back but is in a clear up trend.

Attached Thumbnails

 

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JeffShepherd

The bullish case for oil?

No Need for OPEC Production Increase at Meeting, Saudi Oil Minister Says - Bloomberg

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slow to learn

Thanks Jeff Im very bullish on crude in the long run!

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