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The Swamp

  • #33,301
  • Apr 10, 2019 12:47pm Apr 10, 2019 12:47pm
13 min, to go
those who can, do. those who cant, talk about those who can
  • #33,302
  • Apr 10, 2019 12:50pm Apr 10, 2019 12:50pm
This whole rise was not accompanied with good volume. Smells fishy.
  • #33,303
  • Apr 10, 2019 2:36pm Apr 10, 2019 2:36pm
Quoting Fadhl
{quote} Nice to see you from time to time! I agree with your views on OIL, However, there is an OPEC Meeting next week (Thursday) which supports this bull movement. My thought, DT and OPEC Members need reasons to dump price and remove production cut or at least make it limited. I might be wrong, but today's market reaction was very limited. I've 63.75/80 as a level to sell from. GL!
OPEC canceled their meetings for tomorrow, decision to leave cuts until June

https://www.cnbc.com/2019/03/18/opec...s-to-june.html

So far 64.80 holds. Looks like status quo until June or Trump tweet about sanctions/prices/etc
  • #33,304
  • Apr 10, 2019 2:42pm Apr 10, 2019 2:42pm
Quoting MaxDoom
EU - I don't really see a trade here atm. price is stuck around the Daily-PP and Weekly-S1 without clear momentum upside would need to clear 1.1240 but D-R1 sits right above that and my bias is short so not a great trade option below the monthly 61.8% retrace level looms at 1.119x which doesn't leave a lot of profit from D-PP level {image}
What do you see on crude old man?
  • #33,305
  • Apr 10, 2019 2:56pm Apr 10, 2019 2:56pm
Quoting Pharm0r
{quote} OPEC canceled their meetings for tomorrow, decision to leave cuts until June https://www.cnbc.com/2019/03/18/opec...s-to-june.html So far 64.80 holds. Looks like status quo until June or Trump tweet about sanctions/prices/etc
That's an old article dude!
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Focus.
  • #33,306
  • Apr 10, 2019 3:29pm Apr 10, 2019 3:29pm
Quoting Marco-Kanto
{quote} That's an old article dude! {image}
But there is no OPEC meeting tomorrow! I checked in their website!
  • #33,307
  • Apr 10, 2019 3:32pm Apr 10, 2019 3:32pm
I would prefer Trump's daughter Ivanka, so it should be out of question between Trump or Hillary. Sorry for disturbing that topic with your trading talks, but I've just seen the polls and wanted to put my opinion as well, but I see majority went for Hillary so I don't know what to say on that.
  • #33,308
  • Apr 10, 2019 3:47pm Apr 10, 2019 3:47pm
Quoting Fadhl
{quote} But there is no OPEC meeting tomorrow! I checked in their website!
Completely misinterpreted the conversation - apologies.
Focus.
  • #33,309
  • Apr 10, 2019 4:41pm Apr 10, 2019 4:41pm
pa didnt close above day 1276... now 1274/55, above at 1287. My pa is not trending so this may be range.. It could b/o either way.. 1274 may be a R as well as 1287ish. (levels will fluctuate with pa.)

bulls are pressing hard on 1274 atm
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those who can, do. those who cant, talk about those who can
  • #33,310
  • Apr 10, 2019 5:18pm Apr 10, 2019 5:18pm
Quoting gatorinla
pa didnt close above day 1276... now 1274/55, above at 1287. My pa is not trending so this may be range.. It could b/o either way.. 1274 may be a R as well as 1287ish. (levels will fluctuate with pa.) bulls are pressing hard on 1274 atm {image} {image}

i think we will get a spike up.... 1.1315 i will watch for a short... 1.1345 is my max.... price is struggling here though
  • #33,311
  • Apr 10, 2019 6:31pm Apr 10, 2019 6:31pm
Quoting Marco-Kanto
{quote} That's an old article dude! {image}
Yes I noticed that too before I posted it. Either they misrepresented the date, or updated an old article.

OR they canceled the meeting last month, reported it and me and Fadhl have been watching the FF calendar which just removed the meeting today. I suspect that's the case. No matter what the situation....the outcome is the same. Status quo in crude until June or tweet.

I've got money on a tweet.

edit: here's another one March 18. Fadhl and I are just dummies and FF is behind the calendar 8-ball. Luckily for us the outcome is the same.

https://www.reuters.com/article/us-o...-idUSKCN1QZ0KN
  • #33,312
  • Edited 12:42am Apr 11, 2019 12:06am | Edited 12:42am
In my opinion any spike this week to any level probably 132X should close below 1281. So that 1281 plays a good R point. If week closes above 1281 I would close my shorts. Divergence in D and weekly close above 1281 will giv 145X and 162X. Even it closes below 1281 still 1251 will be big support. Without reaching to 132X or closing below 1251 I will not open any new shorts.

edit: For the moment I have shorts. No longs.
  • #33,313
  • Apr 11, 2019 1:07am Apr 11, 2019 1:07am
This weeks target is 1335...reaching there could be more positive news for the bulls..GL
  • #33,314
  • Apr 11, 2019 1:10am Apr 11, 2019 1:10am
Initially going through 1287 is the target.
  • #33,315
  • Apr 11, 2019 1:27am Apr 11, 2019 1:27am
Quoting Pharm0r
{quote} Yes I noticed that too before I posted it. Either they misrepresented the date, or updated an old article. OR they canceled the meeting last month, reported it and me and Fadhl have been watching the FF calendar which just removed the meeting today. I suspect that's the case. No matter what the situation....the outcome is the same. Status quo in crude until June or tweet. I've got money on a tweet. edit: here's another one March 18. Fadhl and I are just dummies and FF is behind the calendar 8-ball. Luckily for us the outcome is the same....
As long as it doesn't affect your outlook then ALL GOOD.
Focus.
  • #33,316
  • Apr 11, 2019 3:23am Apr 11, 2019 3:23am
Quoting gatorinla
pa didnt close above day 1276... now 1274/55, above at 1287. My pa is not trending so this may be range.. It could b/o either way.. 1274 may be a R as well as 1287ish. (levels will fluctuate with pa.) bulls are pressing hard on 1274 atm {image} {image}
held first test..1287.. it's a little lower than chart shows, 1287.3 (it will fluctuate some) 1274.9 the other. It looks/looked pretty bullish. closing NY below 1254 may not be.

I see merit for 1315 norm plus or 1256 st. 1256 is near 1254. The larger trend is still down to me. I can see it either way.
pa is below anticipated day Resistance testing it from below. Pa is still on top of anticipated 1274 support. either can break.
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those who can, do. those who cant, talk about those who can
  • #33,317
  • Apr 11, 2019 3:49am Apr 11, 2019 3:49am
most retailers are bullish.. here is your R's they will fluctuate a little today.

down side wise. 1274 1256 54 33 just anything above 1209 closing. anything toward near 1209 is repealed, until its not. 1209 needs larger tf closes below to stick. last week friday at close, 1209 had the attraction.. close but not good enough. tomorrow is friday.

areas like this are where people get screwed. Some playing off the large 88% retrace at 1186 are still holding longs. The ones holding for 1209 break are holding shorts. Tug of war may last weeks/months.

many will long to late off 1209, or short just above and below it. while it moves around overleveraged, they will be forced to close.
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those who can, do. those who cant, talk about those who can
  • #33,318
  • Apr 11, 2019 4:16am Apr 11, 2019 4:16am
Quoting gatorinla
most retailers are bullish.. here is your R's they will fluctuate a little today. down side wise. 1274 1256 54 33 just anything above 1209 closing. anything toward near 1209 is repealed, until its not. 1209 needs larger tf closes below to stick. last week friday at close, 1209 had the attraction.. close but not good enough. tomorrow is friday. areas like this are where people get screwed. Some playing off the large 88% retrace at 1186 are still holding longs. The ones holding for 1209 break are holding shorts. Tug of war may last weeks/months. many...
Hi Gator, Could you pls let me knw what makes 1209 a very imp level. I also hav 1205 level. but I cant see it that significant.
  • #33,319
  • Apr 11, 2019 4:28am Apr 11, 2019 4:28am
bulls are chipping away.. still haven't reached 1289
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those who can, do. those who cant, talk about those who can
  • #33,320
  • Apr 11, 2019 4:31am Apr 11, 2019 4:31am
Quoting kalyan
{quote} Hi Gator, Could you pls let me knw what makes 1209 a very imp level. I also hav 1205 level. but I cant see it that significant.
all time eu chart (since conception).. the high or low. 38.2% or 61.8% is at 1209.
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those who can, do. those who cant, talk about those who can
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