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WTI Crude Oil Trading

  • #3,841
  • Sep 17, 2019 2:50am Sep 17, 2019 2:50am
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yes yes yes
  • #3,842
  • Sep 17, 2019 6:40am Sep 17, 2019 6:40am
Was able to get a few dollars from this spike down: Saudi oil output will return to normal quicker than initially thought
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  • #3,843
  • Sep 17, 2019 7:07am Sep 17, 2019 7:07am
SAUDI ARABIA'S OIL OUTPUT TO BE FULLY BACK ONLINE IN NEXT 2-3 WEEKS - REUTERS
17 September 2019, 16:48

Citing two sources briefed on the Saudi oil operations, Reuters reported that Saudi Arabia's oil output would return to normal levels quicker than initially thought. Commenting on the latest developments, sources said that the output was expected to be fully back online in the next two to three week.
With the initial market reaction to these remarks, crude oil prices turned south and the barrel of West Texas Intermediate was last seen trading at $59.75, losing 3.3% on a daily basis.
"Saudi Arabia is close to restoring 70% of the 5.7 million barrels per day of oil output loss," sources told Reuters. "The impact on Saudi Arabian oil exports has been minimal during the crisis thanks to storage."
persistence and determination alone are omnipotent
  • #3,844
  • Sep 17, 2019 7:07am Sep 17, 2019 7:07am
I was in a lose of 500 $ allready because oil took me to a trip to 62+ , but the gap called him , and the drop came
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yes yes yes
  • #3,845
  • Sep 17, 2019 7:35am Sep 17, 2019 7:35am
Taken my profit at this point, D
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I don't need to be good at the game, only good enough to beat my opponent,
  • #3,846
  • Sep 17, 2019 7:51am Sep 17, 2019 7:51am
I am going long at 59, what is everyone opinion?
  • #3,847
  • Sep 17, 2019 7:52am Sep 17, 2019 7:52am
Quoting luckyvictor
I am going long at 59, what is everyone opinion?
Mind the gap LV, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,848
  • Sep 17, 2019 7:56am Sep 17, 2019 7:56am
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  • #3,849
  • Sep 17, 2019 8:07am Sep 17, 2019 8:07am
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yes yes yes
  • #3,850
  • Sep 17, 2019 8:48am Sep 17, 2019 8:48am
We return to normal last week, everything is fine again
Confucius: the man who broke the mountain was the same man who started ...
  • #3,851
  • Sep 17, 2019 8:48am Sep 17, 2019 8:48am
Quoting detector
Taken my profit at this point, D {image}
Nice trade champ!
persistence and determination alone are omnipotent
  • #3,852
  • Sep 17, 2019 8:57am Sep 17, 2019 8:57am
Quoting Ll1979
{quote} Nice trade champ!
Thanks Li, hope your well, was welcoming support from outer sources with regard to calming fears, it was only a matter of some simple news to reduce the price, that said the gap is not closed, my indi's said to close at this point, things still elevated but when the dust settles so will the price, as rapid as it rose, also my contract expires in two days so not bad timing, Sponge should be back soon, golden brown and gleeming, LOL, don't suppose he missed the party, it will be still ongoingD
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,853
  • Sep 17, 2019 9:19am Sep 17, 2019 9:19am
Quoting Moty
3441967 {image}
Another 100$ to the good guys
Switched to short
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yes yes yes
  • #3,854
  • Sep 17, 2019 9:36am Sep 17, 2019 9:36am
Quoting detector
{quote} Thanks Li, hope your well, was welcoming support from outer sources with regard to calming fears, it was only a matter of some simple news to reduce the price, that said the gap is not closed, my indi's said to close at this point, things still elevated but when the dust settles so will the price, as rapid as it rose, also my contract expires in two days so not bad timing, Sponge should be back soon, golden brown and gleeming, LOL, don't suppose he missed the party, it will be still ongoingD

Had better days but soon i will be trading futures in addition to forex, cfds and stocks
persistence and determination alone are omnipotent
  • #3,855
  • Edited 9:52am Sep 17, 2019 9:36am | Edited 9:52am
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persistence and determination alone are omnipotent
  • #3,856
  • Sep 17, 2019 9:44am Sep 17, 2019 9:44am
Quoting luckyvictor
I am going long at 59, what is everyone opinion?
LV, to expand on my previous post, it looked like it would have been profitable trade and hoped you took it,the opinions on the board (me personally) are just that and not to discourage or encourage a particular position to take, we will all have different views that will conflict at some point, "I'm short", "I'm long"..... this is where I stumble because theoretically, we're essentially taking money off each other, however, we all understand the nature of trading, the gap that is still present "will" eventually close, when I'm not sure but my logic and all I know discourages me taking such a position while it's present, good chess my friend, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,857
  • Sep 17, 2019 9:46am Sep 17, 2019 9:46am
Quoting Ll1979
{quote} Had better days but soon i will be trading futures in addition to forex, cfds and stocks
We need to get the Islanders hot line started via Skype, will make the sun shine on us all, keep well, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,858
  • Sep 17, 2019 9:56am Sep 17, 2019 9:56am
Quoting Moty
{quote} Another 100$ to the good guys Switched to short {image}
Nice trading champ!
persistence and determination alone are omnipotent
  • #3,859
  • Sep 17, 2019 9:58am Sep 17, 2019 9:58am
Quoting Moty
{quote} Another 100$ to the good guys Switched to short {image}
Same as Li Monty, well done, you've called it well over the days with some well informed charts, enjoy, D
Off to work all, good chess, speak tomorrow, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,860
  • Sep 17, 2019 10:24am Sep 17, 2019 10:24am
Currently in between trades - I gambled a bit and went long hoping there'd be a 50% retracement off the Saudi output news, which I lucked out. Now to regroup and figure out my next direction. ¯\_(ツ)_/¯

My gut is telling me things will settle down. But I also read on reuters that the Saudis still haven't briefed OPEC on the entire situation yet, which leads me to believe there's still more to be revealed. And if they're hiding something, it's most definitely supply-negative/price-positive.
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