Nymex Crude upwards and onwards

[TWI]

A little bombing of Syria and we are all happy longs..how ironic

 

[Hook Shot]

This does not make sense .....

Everyone loves oil ....yeah for now..

I think otm puts for $60 (or $50) might be worth investigating .... on future demand fears. Whilst the ramp continues there's plenty of time to plan. As I said geo pol is the only major "risk" and potentially a significant one.

 

[catracho]

crude oil revisited 83 target in sight??

well looks like higher prices ahead (Iran, Iraq, Venezuela - all in political turmoil, China & India becoming gas guzzlers)...BUT watch for lower high 78 ish level (cont contract) may be tough to crack)...good luck!

crude oil looks on track to reach 83..maybe higher? Pull back from there? or TOP...mmm

 

[Hook Shot]

Anyone know where the potential resistance is for Nymex Spot.

We're now up 4x in around 4yrs ...if Iremember .....

 

[catracho]

Well it broke above the 85-100 range..so a "crude" :cheesy: calculation would be around 115?

charts attached..

 

[Hook Shot]

cheers cat since 115 is so close ....... might consider 125 blowoff tgt
should have bought at 112 TODAY but missed it.........

 

[Hook Shot]

Looks like I was too conservative

cheers cat since 115 is so close ....... might consider 125 blowoff tgt should have bought at 112 TODAY but missed it.........

Cramer is looking for $150

 

[catracho]

Cramer is looking for $150

http://www.trade2win.com/boards/metals/26283-gold-silver-crude-oil-thread-7.html#post429936

When Goldman says 200 - are there other reasons behind it? Too many shorts for it to go down so what better way to scare them off..anything with Goldman's name attached to me smells like US govt speak..... MIB rule ok:!: