Oil - Light Crude - Continuous Contract (OILCRUDE)

[Pro-Life]

New YTD lows... sheesh...seasonality??? down ~20% YTD:

Today's WTI drop takes us to YTD lows, touching the lowest level since last Aug pic.twitter.com/iTSvcW3UNK

— Newsquawk (@Newsquawk) June 21, 2017

[Pro-Life]

New YTD lows... sheesh...seasonality??? down ~20% YTD:

Today's WTI drop takes us to YTD lows, touching the lowest level since last Aug pic.twitter.com/iTSvcW3UNK

— Newsquawk (@Newsquawk) June 21, 2017

[toomuchmoney]

OIL just motoring,

;O)

[toomuchmoney]

OIL BAM!

[toomuchmoney]

BREAKING NEWS:

 Exxon Labor Negotiations Fall Apart, Threaten Nigerian Oil Production

[toomuchmoney]

Oil $$$51's hitting already

;O)

[toomuchmoney]

$56 break to $60 would be awesome

;O)

[toomuchmoney]

$56 does it $WTIC

;O)

[toomuchmoney]

OIL $50's looking for $55

;O)

[toomuchmoney]

we got the slingshot, link back, OIL so big and so strong, just does not disappoint

;O)

[toomuchmoney]

trampoline day for oil !

;O

[toomuchmoney]

interesting day, slingshot? we'll see

[toomuchmoney]

OIL closing in on the base ;O)

[toomuchmoney]

OIL, just lovin it

toomuchmoney

;O)

[toomuchmoney]

anyone thinks that OIL could hit $60? this week would be just under a 10% spike, doable

any more missile / political activity can make things happen

watching

[toomuchmoney]

I wonder does OIL have the legs to hit $60 next week?

;O)

[toomuchmoney]

OIL, can we see $55 this week?

;O)

[toomuchmoney]

POWER move break out for tomorrow, looking for a really nice rise,

oil, nothin better

;O)

[toomuchmoney]

looks like OIL gonna gush more

[toomuchmoney]

can we get a full blown OIL break out? my charts showing it can be enormous, always be careful, I agree PL

[toomuchmoney]

feels like OIL about to make a larger move tor retest $55 area

;O)

[toomuchmoney]

nice incline to the day for oil,

[toomuchmoney]

Ty, no worries friend

[Pro-Life]

Be careful out there as these charts show:

[toomuchmoney]

fundamentals really dont matter with oil, or much in the markets anymore, ride the waves dodge the bullets, I like OIL a lot

[Pro-Life]

This sector is having trouble but the pump price stays flat to slightly up??? WTH???

[Pro-Life]

Consolidation pattern about 3 months long...

[Hawkeyefan]

I should say the Sunday night low of $45.15.

[Hawkeyefan]

Take out yesterday's low and Crude really should get under $40, darn it.

[Hawkeyefan]

Crude evidently has run out of sellers. I am gone.

[Hawkeyefan]

Crude has not shown it wants to rebound significantly yet.

[Hawkeyefan]

If Crude takes out the October 18 low, it should be heading lower.

There was triangle on the 60 minute, broke up higher and then failed.

[Pro-Life]

WTI Crude Tops $50
by Tyler Durden Oct 6, 2016 8:30 AM

http://www.zerohedge.com/news/2016-10-06/wti-crude-tops-50

For the first time since July 4th, the front-month WTI Crude futures contract traded above $50 - rallying almost incessantly from $44 when the OPEC 'deal' was announced last week.



The catalyst for the latest move is more jawboning from OPEC, which as reported this morning, came courtesy of Algerian Energy Minister Noureddine Boutarfa who said during an interview on Ennahar television, that OPEC may cut 1% more output than agreed, although since virtually all of that production cut would have to come from Saudi Arabia, we are skeptical about the outcome. Boutarfa also said that OPEC’s initial target is to raise prices to $50-$55 in 2017, and added that it was easier now for OPEC to discuss a deeper cut as group is united, “speaking in one voice” after Algiers meeting.

As has been reported previously, OPEC and non-OPEC producers to hold informal meeting during Oct. 8-13 energy conference in Istanbul, one month before producers are to further assess market at group’s meeting on Nov. 30 in Vienna.

It appears that OPEC has finally figured out the central banker approach to manipulating prices: talk non-stop while doing nothing, and schedule increasingly more frequent meetings at which nothing is decided aside from the planning of future "imminent" meetings.

Meanwhile, going back to the market, we wonder if it is finally time for Oil Vol to drop?

[TREND1]

UWTI DAY

[Pro-Life]

Chart observation... in the past year, no moves much past $50.

[TREND1]

Are you projecting that ?

[Pro-Life]

A year of no higher than $50...

[TREND1]

WTIC D W M

[TREND1]

*****crude oil futures 5 min . hourly , daily , weekly


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110697562

[Pro-Life]

MA50 offers no support... should fall in a test of the MA200

[Kylef]

Wtic should be about to head up this week

[Pro-Life]

OIL UPDATE - HAS THE ADVANCE FINALLY RUN OUT OF STEAM?...
originally published May 30th, 2016 in the Various Reports Sector

http://www.clivemaund.com/article.php?art_id=3819

A factor that has supported oil prices for much of this year has been the persistent “contango”, which means that prices for future delivery of oil are significantly ahead of spot prices, probably caused by the market’s erroneous expectation that the shutting down of capacity will lead to a shortage and thus higher prices. This belief, coupled with high production, has led to an armada of ships bulging with Crude, sitting offshore, with the owners holding the mistaken belief that they will get higher prices later. Thus, the dramatic development of the past few weeks, during which the contango has collapsed, so that it has already become uneconomic to store oil offshore, means that the screw is now being turned on owners storing oil offshore. With the market glutted, and contangos collapsing, owners are being forced into the bizarre position of resorting to debt-funded storage, a highly anomalous solution that is clearly untenable over the longer-term. What this means is that a large number of bulging ships are soon going to race to shore to disgorge their cargoes for what they can get, a development that could magnify the downturn in oil that we are expecting into a rout of plunging prices, made worse by the fact that prices have been artificially elevated by excess storage in expectation of rising prices, which has so far been a self-fulfilling prophecy – but when all storage capacity, onshore and offshore, has been used up, that’s it, it’s game over, and that appears to be the situation that we have arrived at.

There is more w/charts at the link above...

[Pro-Life]

P&F chart predicts a bullish price object of $72.

[Pro-Life]

Sector: These Energy Companies Are Most At Risk From The "Spring Redetermination"
Submitted by Tyler Durden on 03/28/2016 21:48 -0400

http://www.zerohedge.com/news/2016-03-28/these-energy-companies-are-most-risk-spring-borrowing-base-redetermination

Finally, courtesy of Haynes and Boone, here is a less impartial perspective thanks to a poll of banks, PE firms, and oil service companies who were asked to share their thoughts on the upcoming spring redetermination. Among the key findings:

- Overall respondents expect 79% of the borrowers to see a decrease in their borrowing base in spring 2016
- Overall respondents, on average, expect to see borrowing bases to decrease by 38% compared to what they were in fall 2015
- As to the most likely path to be taken by lenders and borrowers who face a borrowing base deficiency this spring: 36% of respondents said the would negotiate an amendment or extension with the lender; 31% said they would sell non-core assets; 15% said they would seek capital from a hedge fund or private equity fund; 4% said sell the company; 13% said restructure or declare bankruptcy

See charts and more including a slide show at the link above...

[Kylef]

Oil prices about to Get LOW...like down to $25 low...big drop coming IMO.

[Pro-Life]

Watch Five Years of Oil Drilling Collapse in Seconds
By Tom Randall, Julian Burgess and Blacki Migliozzi
February 26, 2016

http://www.bloomberg.com/graphics/2016-oil-rigs/

[reaper247]

Good Evening Pro-Life,

Could you re-post the complex $WTIC chart with the $USD overlay here at your earliest convenience?

TIA.

[hyy4467]

[img][/img]

[Pro-Life]

Is Something Blowing Up In OIL?
Submitted by Tyler Durden on 01/21/2016 14:13 -0500

http://www.zerohedge.com/news/2016-01-21/something-blowing-oil

[Pro-Life]

TY!!!