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  • #1,481
  • May 27, 2019 8:05am May 27, 2019 8:05am
Skimmed two trades today

I think it's a US holiday might be quiet this after ??
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All charts/ideas based on UK time zone
  • #1,482
  • May 27, 2019 8:31am May 27, 2019 8:31am
Quoting sponge
Skimmed two trades today I think it's a US holiday might be quiet this after ?? {image}
Well done Sponge
Wasn't expecting much today, both UK&US markets closed, taken a little bite short out of the DOW, with no activity today there could be low sentiment still looming, worth a punt.
Still think WTI is due an upward one so staying out still and on the sidelines, well done D.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,483
  • May 27, 2019 8:37am May 27, 2019 8:37am
Quoting danish07
Can any of you experts interpret on which day market's volatility remains low? the problem is i m a piscean, i like things to be easy..
Sorry danish, cannot help you on that one, maybe the others may be able to help, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,484
  • May 27, 2019 8:42am May 27, 2019 8:42am
The price is bumping along a TL (Trend Line), hence my view, it's not over yet, maybe, D
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I don't need to be good at the game, only good enough to beat my opponent,
  • #1,485
  • May 27, 2019 9:45am May 27, 2019 9:45am
Quoting danish07
Can any of you experts interpret on which day market's volatility remains low? the problem is i m a piscean, i like things to be easy..
In general Bank holidays normally have low volatility check the forexfactory calendar for more info. Any other news regarding US dollar, supply and demand will trigger volatility.
persistence and determination alone are omnipotent
  • #1,486
  • May 27, 2019 10:40am May 27, 2019 10:40am
Little bit of movement up to 59 on WTI, Dow coming back inline with the plan
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,487
  • May 27, 2019 1:45pm May 27, 2019 1:45pm
Quoting detector
Little bit of movement up to 59 on WTI, Dow coming back inline with the plan
Hello detector I have sent you a PM
All charts/ideas based on UK time zone
  • #1,488
  • May 27, 2019 1:48pm May 27, 2019 1:48pm
Quoting Ll1979
{quote} In general Bank holidays normally have low volatility check the forexfactory calendar for more info. Any other news regarding US dollar, supply and demand will trigger volatility.
Hello LI I have sent you a PM
All charts/ideas based on UK time zone
  • #1,489
  • May 27, 2019 1:50pm May 27, 2019 1:50pm
Quoting timingchain
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Hello timingchain I have sent you a Pm
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  • #1,490
  • May 27, 2019 2:34pm May 27, 2019 2:34pm
Quoting sponge
{quote} Hello detector I have sent you a PM
,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,491
  • May 27, 2019 5:14pm May 27, 2019 5:14pm
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  • #1,492
  • May 27, 2019 6:20pm May 27, 2019 6:20pm
I'm sure the copied my chart, LOL
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I don't need to be good at the game, only good enough to beat my opponent,
  • #1,493
  • May 28, 2019 4:26am May 28, 2019 4:26am
A wee bit of luck this morning +19

I'm thinking long over 59.36 if it goes but signals still a bit mixed

S&P long over 2827... bulls not looking to keen at the moment
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All charts/ideas based on UK time zone
  • #1,494
  • May 28, 2019 4:35am May 28, 2019 4:35am
Quoting sponge
A wee bit of luck this morning +19 I'm thinking long over 59.36 if it goes but signals still a bit mixed S&P long over 2827... bulls not looking to keen at the moment {image}
nice trading champ!
persistence and determination alone are omnipotent
  • #1,495
  • May 28, 2019 4:36am May 28, 2019 4:36am
WTI rallies 1% to regain $ 59 amid escalating US-Iran rift

  1. Supply threats and OPEC cuts offset US-China trade war and global growth concerns
  2. Oil to take cues from risk trends ahead of US weekly crude stockpiles data

WTI (futures on Comex) extends its recovery mode into a third straight day today and popped to regain the 59 handle briefly in the European trading amid mounting supply-side risks, as US-Iran tensions escalate.

Last hour, the Iranian Foreign Ministry spokesman said that Iran sees no prospect for negotiations with the US. His comments poured cold water on the US President Trump’s hopes of a US-Iran Summit in the coming months.

Further, the US sanctions on the Venezuelan oil exports also add to the expectations of a potential supply deficit and lend support to the corrective upside in the black gold.

More so, the recent comments by the Iraqi Oil Minister, supporting the case for the OPEC oil output cuts extension beyond June, also continues to help keep the buoyant tone intact around the prices.

However, it remains to be seen if the barrel of WTI can sustain its renewed upside momentum amid softer risks tones, fuelled by global economic slowdown concerns and ongoing US-China trade war fears. Also, the US weekly crude stockpiles data will offer fresh insights on the US supply-side scenario, which will have a significant impact on the prices in the week ahead.

persistence and determination alone are omnipotent
  • #1,496
  • May 28, 2019 7:50am May 28, 2019 7:50am
Oil: Brent-WTI spread widening - TDS
28 May 2019, 15:44

Analysts at TD Securities note that the divergence theme across global energy markets continues to grow as the Brent-WTI spread widened to levels not seen since last June.

Key Quotes
“We suspect that structural constraints will continue to add pressure to the spread, which should continue to expand the widening theme. Brent's sharp backwardation contrasts firmly with WTI's contango, which lends further support to a Brent-WTI widener trade as carry works in favor of both legs.”
“In the near-term, however, we note that outsized refinery outages are likely to subside given the high incentive prices held by refineries. As for the recent crash in crude, we think that prices will stabilize from here as technicals, supply risks and OPEC discipline point to stability.”
persistence and determination alone are omnipotent
  • #1,497
  • May 28, 2019 8:36am May 28, 2019 8:36am
Quoting Ll1979
Oil: Brent-WTI spread widening - TDS 28 May 2019, 15:44 Analysts at TD Securities note that the divergence theme across global energy markets continues to grow as the Brent-WTI spread widened to levels not seen since last June. Key Quotes “We suspect that structural constraints will continue to add pressure to the spread, which should continue to expand the widening theme. Brent's sharp backwardation contrasts firmly with WTI's contango, which lends further support to a Brent-WTI widener trade as carry works in favor of both legs.” “In the near-term,...
I had to look that one up I've never heard of backwardation/contango

https://www.khanacademy.org/economic...rdation-review
All charts/ideas based on UK time zone
  • #1,498
  • May 28, 2019 9:26am May 28, 2019 9:26am
Closed my short but sold further up,wasn't sure how the open was going to pan out, sitting +ve for the mo 25694.5, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,499
  • May 28, 2019 9:46am May 28, 2019 9:46am
I got in long earlier all out now
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  • #1,500
  • May 28, 2019 10:03am May 28, 2019 10:03am
Quoting sponge
I got in long earlier all out now {image}
Great chess Sponge, I got caught offside thinking there would be a fall, I did come out with a small loss but in higher now, think there could be a possible tumble to 24000 looking at the daily, but the intraday swings are and can be huge, hence my top rung approach (there's a joke in there) all speculative BTW, D great chess
I don't need to be good at the game, only good enough to beat my opponent,
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