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Posts by "boli mekura"
234 Posts Total by "boli mekura":
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Posts by Anonymous "boli mekura":
And to make it clear regarding this EW sym, you mean the 261.8% of the corrective move which ended at 4.496?
correction:
Trading NG based only on fundamentals is NOT worth it. You have to combine it with sentiment extremes and trade against the majority at risk and riding the squeeze out.
No. I do not dare to touch that. Too risky. Because it is too obvious play and I do not like to play with the herd. I am a contrarian by nature.
But wait. I read a piece on this spread a while ago. Here it is http://www.zerohedge.com/article/it-time-collapse-wti-crude-spread
@catnip
Trading NG based only on fundamentals is now worth it. You have to combine it with sentiment extremes and trade against the majority at risk and riding the squeeze out.
CL trying to move up today. Also watch NG as per the CL/NG ratio at extreme. Also COT for NG is very bullish. Potential for a huge short squeeze. These guys really believe NG is going down to 3 because of massive shale gas production. What they have not figured out however is that at prices below 4, the incentive for shale gas drilling is missing.
The biggest pure NG player (CHK) recently sold huge NG exploraton assets due to reduces ROI and moved to oil. So good to have it in mind.
Perhaps said knows a lot more because he is a seasoned energy expert.
Weekly chart USD/CHF trend: Bullish.
yeah, really these people deserve praise for not giving up for nearly 3 weeks until they achieved what they deserved. Respect.
buy the rumor sell the news
and regarding CL: sell the rumor buy the news
So think twice before shorting oil here and buying SPX.
This is not to say CL won't fall or SPX won't rise but do not take it as a given.
Regarding CL: Nothing is over until it is over. Second ouster of a "dictator" in Magreb region will most probably embolden other countries to follow suit. So CL short here is actually very risky.
Thats my 2 cents.
Have a nice weekend all.