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WTI Crude Oil Trading

  • #4,001
  • Sep 24, 2019 1:11pm Sep 24, 2019 1:11pm
[quote=Ll1979;12521516]
Inserted Video
[/quote
May be a little early to short Gold, even if it is going to drop, but thinking the chart is saying otherwise, options strike could well be holding the price so it may well have an almighty tumble, tensions easing, no one wants more, even Boris willing to speak with Iran, the world is looking for stability, when it comes Gold will fall, or I could be wrong, I hedge more than just my positions, my comments tooD
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,002
  • Sep 24, 2019 1:20pm Sep 24, 2019 1:20pm
Quoting detector
Who's following my Gold short,phew!!
Damn 50% up this month you're on fire!
persistence and determination alone are omnipotent
  • #4,003
  • Sep 24, 2019 1:24pm Sep 24, 2019 1:24pm
Quoting Ll1979
{quote} Damn 50% up this month you're on fire!
And all guess work Li, LOL or just good timing, either way not complaining, thanks, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,004
  • Sep 24, 2019 1:31pm Sep 24, 2019 1:31pm
1467.953 first target if it goes, with the recent highs it may well be a rapid and big fall, there will be a lot of profit here and the'll want to keep it, just my thoughts, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,005
  • Sep 24, 2019 1:33pm Sep 24, 2019 1:33pm
Quoting detector
{quote} And all guess work Li, LOL or just good timing, either way not complaining, thanks, D
I think you have been working your butt off and it's finally rewarding your effort .
persistence and determination alone are omnipotent
  • #4,006
  • Sep 24, 2019 1:35pm Sep 24, 2019 1:35pm
Quoting Ll1979
{quote} I think you have been working your butt off and it's finally rewarding your effort .
Thanks Li, the next hour or so may well be the difference, thank you for your compliment,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,007
  • Sep 24, 2019 1:55pm Sep 24, 2019 1:55pm
Should have been a little more opportunistic on my profit
EDIT
My only saving grace is the selling on the Dow is not replicating buying on the Gold, according to my chart so a last hour rise may be the gamechanger, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,008
  • Sep 24, 2019 2:03pm Sep 24, 2019 2:03pm
Quoting auricforecas
I am not impressed with this short term up My views are still SOUTH in the "long run", even if this Saudi situation raise the offset "a little".
I am happy you can make money with my posts/predictions... I do take my posts/predictions quite seriously btw.. Feel somewhat responsible.. So I try to follow-up as much as I can...
Can you afford to take that chance?
  • #4,009
  • Sep 24, 2019 2:07pm Sep 24, 2019 2:07pm
Quoting auricforecas
{quote} Well I am ready... If markets has thought me anything is to be prepared for anything, like eating lobsters (on the side) or go to soup kitchen... anytime soon... I think this is why a lot of people go nuts... being split between two extremes... BTW, markets are weird to me atm... either "I do not see the market" or it is f.up atm... My base point is eurusd which I think is like 80pips too low, I am LONG at ballsdeep leverage atm... (easter egg people for my subscribers also)... So am curious of the possible rebound of...
Ok had to quote this... I put "easter egg" in it, for my subscribers It is for one of my other thread where we try to make about 100% per trade (for SIDE/parallel profits, not as a main trading strategy, for now, yes... But the signals are rather rare, specially the "higher certainity" ones like this... The ones that follow me would know what this is... This was one was a big success... Will report in that thread now...
Can you afford to take that chance?
  • #4,010
  • Sep 24, 2019 2:09pm Sep 24, 2019 2:09pm
Quoting detector
Who's following my Gold short,phew!!
Sorry guys, my post may have been a bit missleading, when I said "who's following my post " it was tongue and cheek like, is it some billionaire, I never post to advise,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,011
  • Sep 24, 2019 2:15pm Sep 24, 2019 2:15pm
Quoting auricforecas
{quote} I am happy you can make money with my posts/predictions... I do take my posts/predictions quite seriously btw.. Feel somewhat responsible.. So I try to follow-up as much as I can...
A, I read your post and had to make my own comment, your right in the responsible portion, others will see and may well do with any information on the board, I would like to say I'm not an advocate of posting any information for others to follow, however if they do don't forget, I do get it wrong, I liked your post Auricforecas because you have the right attitude when it comes to posting, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,012
  • Sep 24, 2019 4:02pm Sep 24, 2019 4:02pm
Closed Gold short out for the hourly break, will resume the short on open, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,013
  • Sep 24, 2019 4:21pm Sep 24, 2019 4:21pm
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  • #4,014
  • Sep 24, 2019 8:34pm Sep 24, 2019 8:34pm
Quoting detector
Closed Gold short out for the hourly break, will resume the short on open, D
That seems risky. I prefer to trade an instrument that has to revert to the mean, like oil. Or at least follow the trend, but gold has been trending up.
  • #4,015
  • Sep 24, 2019 10:19pm Sep 24, 2019 10:19pm
Heads up guys! Two pieces of news that were positive for the markets just came out:
1.Japan PM Abe: Told Iranian President that Japan expects Iran to play a constructive role in stabilizing
2.China to buy more US farm products in latest goodwill gesture
  • #4,016
  • Sep 24, 2019 10:48pm Sep 24, 2019 10:48pm
MAINTAINING SAUDI OIL EXPORTS LEVEL IS ACHIEVABLE – GOLDMAN SACHS
25 September 2019, 06:42

Analysts at the US investment banking giant, Goldman Sachs, believe that maintaining Saudi oil exports level is achievable.
Oil inventories are high enough to sustain exports, they added.
Meanwhile, oil prices are trading with moderate losses so far this Wednesday, with WTI stays around 57 handle and Brent below 63.00.
persistence and determination alone are omnipotent
  • #4,017
  • Sep 24, 2019 10:50pm Sep 24, 2019 10:50pm
WTI BUYERS PAY LITTLE HEED TO API STOCKS, US-CHINA DRAMA AMID GEOPOLITICAL TENSION
25 September 2019, 04:43

 

  1. WTI recovers from eight-day low as headlines from UNGA portray continuation of the US-Iran tension.
  2. API registered higher inventories, fresh doubts emerge over the US-China trade deal.
  3. EIA stockpile report and trade/political headlines will be in the spotlight.

With the fresh headlines from the UNGA shifting market attention back to US-Iran tension, WTI recovers from eight-day low while taking the bids to $57.15 amid initial trading session on Wednesday.
The energy benchmark took a U-turn during early Asian session after Iran’s President Hassan Rouhani cornered the French President Emmanuel Macron’s efforts to arrange a meeting with the US leader Donald Trump. The Iranian President said that the meeting would have to be planned because the US President Trump has removed trust while exiting the Nuclear Deal.
The black gold earlier witnessed extended downside pressure after the the private oil inventory survey of the American Petroleum Institute (API) showed that the US Crude Oil Stock rose to 1.400M versus 0.592M prior during the week ended on September 20.
Energy traders shrugged off the latest worries concerning China’s economic growth while also ignoring comments from the dragon nation’s Foreign Minister Wang Yi that may cause harm to already dwindling relations between the US and China.

Looking forward, trade/political headlines will keep dominating market sentiment whereas weekly official stockpile data from the US Energy Information Administration (EIA) for the week ended on September 20 will be followed as well. Forecast suggests the official inventories to diverge from API data while likely flashing -6.501M mark against 1.058M prior. It should also be noted that Saudi Aramco’s release of information on expected timeline of repairs after the latest drone attack can also offer intermediate direction to energy prices.

Technical Analysis
FXStreet Analyst Ross J Burland holds bearish bias towards the WTI momentum as he says:
Repeated failures on the 58 handle for higher levels has lead to the deterioration in the price all the way back to the 61.8% Fibo and August resistance just below the 57 handle. For now, the 50 and 200 daily moving averages are holding up. and offering support. On the upside, a clearing of the 59 handle will ope prospects for the April highs at 66.58 on the wide.

persistence and determination alone are omnipotent
  • #4,018
  • Sep 24, 2019 10:51pm Sep 24, 2019 10:51pm
Inserted Video
persistence and determination alone are omnipotent
  • #4,019
  • Sep 24, 2019 11:00pm Sep 24, 2019 11:00pm
Quoting Ll1979
WTI BUYERS PAY LITTLE HEED TO API STOCKS, US-CHINA DRAMA AMID GEOPOLITICAL TENSION 25 September 2019, 04:43 WTI recovers from eight-day low as headlines from UNGA portray continuation of the US-Iran tension. API registered higher inventories, fresh doubts emerge over the US-China trade deal. EIA stockpile report and trade/political headlines will be in the spotlight. With the fresh headlines from the UNGA shifting market attention back to US-Iran tension, WTI recovers from eight-day low while taking the bids to $57.15 amid initial trading session...
Ll1979 is always coming through with some valuable stuff. Thanks for these informative posts! It's always helpful. I just finished posting a preview for EIA data tomorrow. I explain why it's risky to trade it in this week's preview: EIA Weekly Petroleum Data - Sept 25th Preview
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #4,020
  • Sep 24, 2019 11:27pm Sep 24, 2019 11:27pm
Quoting EventsTrader
{quote} Ll1979 is always coming through with some valuable stuff. Thanks for these informative posts! It's always helpful. I just finished posting a preview for EIA data tomorrow. I explain why it's risky to trade it in this week's preview: EIA Weekly Petroleum Data - Sept 25th Preview
Thnx! Same valuable stuff applies to you. Happy to be surrounded by like minded people on this thread.
persistence and determination alone are omnipotent
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