Long Oil Now!

Quote from The Kin2:

I think any increases will be very minor but if you buy now I believe you will be up on Monday.
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Natural Gas will have a bigger gap up on monday. what do you think?
 
You may be right about the oil play. Well I hope it works out well for you. Im a little nervous about oil right now. I prefer Natural Gas. My reason for choosing NG is because it has been going down for over a week now, so im picking bottom. Also, its about 20% less than it was at this time last year.
 
Quote from Khaled187:

You may be right about the oil play. Well I hope it works out well for you. Im a little nervous about oil right now. I prefer Natural Gas. My reason for choosing NG is because it has been going down for over a week now, so im picking bottom. Also, its about 20% less than it was at this time last year.
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The margin requirement for NG is a killer Khaled. In regard to picking bottom on NG; I do not know about you but this thing is the hardest to range.
 
USO Buy 55.22 48.26
NGAS Buy 8.83 7.50


USO 1.069599433
NGAS 1.084725674
Offsets Coef
Example
NGAS Low=Ngas Close(Any Previuos) / 1.084725

Placing small order Like that will help average well IMO

With close at 8
Order at 7.37

GL
 
Quote from WAEL012000:

The margin requirement for NG is a killer Khaled. In regard to picking bottom on NG; I do not know about you but this thing is the hardest to range.
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I agree. I know that its a risky play. I beleive that if NG goes down, it wont be by much. Anyways, Im taking the risk.
 
Quote from WAEL012000:

The margin requirement for NG is a killer Khaled. In regard to picking bottom on NG; I do not know about you but this thing is the hardest to range.
More...

I agree - NG swings very erratic and you get big exageratted moves. This thing is in a waterfall.

Anybody else as bearish as I am? I'm looking at $5.000
 
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