Dislikedwhat we have here, is a nice spike showing the assumed direction. but as usual, sudden plot twist can happen too. always be prepared. {image}Ignored
will see later
velolthomas@gmail
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Disliked{quote} to fragile to say the news wasn 't that great (US crude oil inventories rose by around 3.6M barrels last week.) so i expect the lows to be tested again. Next area of support is 49ish on the daily. {image}Ignored
Disliked{quote} Ll1979 , thank you for the input/reply. was really glad to see the bounce this morning !! Regards , GEIgnored
Disliked(EIA) reported that domestic crude supplies fell by 7.3 million barrels OPEC cut production by 800,000 bpd non-OPEC producers cut 400,000 bpd weaker U.S. Dollar doji on weekly rigs drilling for oil fell by 10 to 877 Libya 315,000 barrel-a-day field shut down Canada cut...etc etc and what is the effect, oil is going down again, so just keep sellingIgnored
DislikedI bought WTI right before but this time it's CFD instead of Futures. Current price is $52 and when it goes down to $42, my DD will be -1000 USD, when it goes down to $32, DD will be -2000 USD. I will buy back more every 10$ levels when the price goes down. (I hope the price goes down further actually.) It's easy and almost guaranteed winning game. I don't know the upper limit but I do know the lower limit (zero$, which is impossible due to production cost). This is my advantage. The key is low leverage and patience....Ignored