We don't trade against the market ,we trade against discipline.
ABCD commodities view point 0 replies
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The Raider 9 replies
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Pivot point reference point? 7 replies
DislikedBelow attached with oil analysis with WTI(USOIL) with possible further downside despite yesterday spike. {image}Ignored
DislikedMany might have taken surprised at the UK Vote, and MAY lost which brought GBP down, which interestingly , was a good move to drive down pounds to a key level for a better long on the pair. Without change in my view, I have exited USDJPY(to reduce overall holdings) , and buying a little more on the GBPJPY with the existing positions(Price could break below if so, i would gladly exit) On top of that, I have started to add Long position at 45 . xx in which i do expect oil could go further down into $44 region before any significant change could occur...Ignored
DislikedPrices has been hovering below $45 for the past two days without any intention to break above, currently on lower timeframe, prices has some spike up during non US hours. August contract for crude oil 0.49% has taken into place to replace the july contract. The coming Wednesday would be crude oil 0.49% inventory, which would add fuel to the movement of the current WTI. There is still some resistance so long as $45.20 not yet breach, however,...Ignored