Disliked{quote} I have all in alignment other than daily for a rise, just my luck, but I could well be in agreement.Ignored
All charts/ideas based on UK time zone
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Disliked{quote} I have all in alignment other than daily for a rise, just my luck, but I could well be in agreement.Ignored
Disliked{quote} I think buying could come in soon 2790 could spark some upside if it spikes down but I think it would be very bearish below this levelIgnored
Disliked{quote} OOOOH the irony, I closed out before the rise, neverthe less, still fighting another day,DIgnored
Disliked{quote} Been there more than once .... but also seen what happens when the shit hits the fan. Long wti @ 57.958Ignored
Disliked{quote} Been there more than once .... but also seen what happens when the shit hits the fan. Long wti @ 57.958Ignored
Disliked{quote} Been there more than once .... but also seen what happens when the shit hits the fan. Long wti @ 57.958Ignored
DislikedIMO, a broad Panic Day is not very far off: summer? That might or might not signal the beginning of The Great Unraveling when the massive global debts start going into default. The WTI H4 chart clearly shows how interesting today was. Look back to where the median crossed EMA20 at 63.12. The median shows an unrelenting plunge from there. At one point today: 46 traders viewing now, 13 are members. {image}Ignored
Disliked{quote} Price still bouncing along the same levels. No change. Waiting for breakout or something. - Ric {image}Ignored
The WTI (futures on Comex) recovery from two-month lows of 57.34 fizzled out in Europe near 58.75 region, as the bulls now consolidate the gains awaiting the next trading impetus, with the US durable goods and oil rigs count data due later today in NA session.
The steady recovery in the black gold remains supported by the looming supply disruptions, arising from the US sanctions on Iran’s exports and escalating Middle East geopolitical tensions. Moreover, the ongoing OPEC oil output cuts also continue to add to the global market tightness and keep the sentiment lifted around oil.
Despite the latest pullback, the barrel of WTI remains on the track to book the biggest weekly loss so far this year. Oil prices extended this week’s fall and hit the lowest levels since March, 13th on Thursday after swelling US oil inventories and disappointing US manufacturing PMI cast doubt on the US health, already hit by the escalating US-China trade tensions.