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  • #4,901
  • Nov 6, 2019 9:28am Nov 6, 2019 9:28am
Quoting Moty
{image}
As mad as it seems Monty, going back over the chart, the 4hr down bar showing high volume, rises on the new bar so hope this target hits before the 4hr closes, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,902
  • Nov 6, 2019 10:05am Nov 6, 2019 10:05am
New speculative long 56.33, keeping a close eyeD
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,903
  • Nov 6, 2019 10:25am Nov 6, 2019 10:25am
Quoting detector
New speculative long 56.33, keeping a close eyeD
56.27 , morning star pattern forming
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yes yes yes
  • #4,904
  • Nov 6, 2019 10:28am Nov 6, 2019 10:28am
OIL MARKETS FALL AS IT IS REPORTED THAT OPEC+ MEMBERS ARE NOT LOOKING FOR ANOTHER PRODUCTION CUT
6 November 2019, 18:09

 

  1. Bloomberg have reported that the biggest OPEC+ members are not looking for another production cut.
  2. WTI fell from the USD 57.43 per barrel resistance level after the news.

Brent and WTI are nursing wounds this afternoon as it emerges that some OPEC+ members are not looking for another OPEC production cut.
It was reported earlier in the week that Saudi Arabia wanted OPEC member to further adhere to current commitments rather than cut production again.
It is not clear which member of the OPEC+ cartel the report is talking about but it has had an effect of the price of both WTI and Brent,
To rub salt into the wounds there was also a larger than expected build in DoE inventory levels today and API inventory levels on Tuesday night

persistence and determination alone are omnipotent
  • #4,905
  • Nov 6, 2019 10:32am Nov 6, 2019 10:32am
Quoting Ll1979
OIL MARKETS FALL AS IT IS REPORTED THAT OPEC+ MEMBERS ARE NOT LOOKING FOR ANOTHER PRODUCTION CUT 6 November 2019, 18:09 Bloomberg have reported that the biggest OPEC+ members are not looking for another production cut. WTI fell from the USD 57.43 per barrel resistance level after the news. Brent and WTI are nursing wounds this afternoon as it emerges that some OPEC+ members are not looking for another OPEC production cut. It was reported earlier in the week that Saudi Arabia wanted OPEC member to further adhere to current commitments rather than...
Would like to think this is a shake out as part of the ChinUsa deal, possibly the reason foer the irregular movements on the chart, could be wrong, but holding jusy in case, D
EDIT
If it gets back above 56.66+ it could be a rouse, the US would benefit from the deal, just my thoughts
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,906
  • Nov 6, 2019 10:54am Nov 6, 2019 10:54am
The 15min, if anything to go by has not turned down, the hourly could be in readiness for continuation, if it closes above the previous bar the continuation could be negated, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,907
  • Nov 6, 2019 11:16am Nov 6, 2019 11:16am
15 turning down now so I'm out for a sheckle, if it goes up from here, no regrets D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,908
  • Nov 6, 2019 11:44am Nov 6, 2019 11:44am
Time line for 7th Nov
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All charts/ideas based on UK time zone
  • #4,909
  • Nov 6, 2019 11:52am Nov 6, 2019 11:52am
Sent the Islanders a message.
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,910
  • Nov 6, 2019 11:57am Nov 6, 2019 11:57am
Quoting sponge
Time line for 7th Nov {image}
Sponge, the chart looks very bullish at first glance, I do think the ChinUsa deal is going to be the catalyst, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,911
  • Nov 6, 2019 12:03pm Nov 6, 2019 12:03pm
Quoting detector
15 turning down now so I'm out for a sheckle, if it goes up from here, no regrets D
Well I never, it would've hurt if I'd closed for a loss, just goes to show, the chart can get it wrong, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,912
  • Nov 6, 2019 12:17pm Nov 6, 2019 12:17pm
Quoting detector
{quote} Sponge, the chart looks very bullish at first glance, I do think the ChinUsa deal is going to be the catalyst, D
As usual I have no idea about fundies, to be honest I never will

Charts and spooky only for me 57.78 is a spooky level

Big news is always used by the pro's so lets see how it pans out this time
All charts/ideas based on UK time zone
  • #4,913
  • Nov 6, 2019 1:11pm Nov 6, 2019 1:11pm
THE DROP IS HERE
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yes yes yes
  • #4,914
  • Nov 6, 2019 10:32pm Nov 6, 2019 10:32pm
Pop or tank on H4
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persistence and determination alone are omnipotent
  • #4,915
  • Nov 6, 2019 10:34pm Nov 6, 2019 10:34pm
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persistence and determination alone are omnipotent
  • #4,916
  • Nov 6, 2019 11:58pm Nov 6, 2019 11:58pm
Yesterdays daily pivot should point the way today
All charts/ideas based on UK time zone
  • #4,917
  • Nov 7, 2019 12:05am Nov 7, 2019 12:05am
Morning.....

Watching with keen interest what happens at 56.93.
Hourly close above that will have me looking to add onto my current positions ....that's a key area on the daily chart as there's some serious overhead resistance there.....

Trade safe
4&1 All Time Profit: $37,496
  • #4,918
  • Nov 7, 2019 12:34am Nov 7, 2019 12:34am
Quoting sponge
Yesterdays daily pivot should point the way today
today's pivot is good too
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yes yes yes
  • #4,919
  • Nov 7, 2019 1:22am Nov 7, 2019 1:22am
Quoting Moty
{quote} today's pivot is good too {image} {image}
I think it would be quite bullish if it goes over
All charts/ideas based on UK time zone
  • #4,920
  • Nov 7, 2019 5:22am Nov 7, 2019 5:22am
I have come to a place where I can aim for sale. I'm still watching.
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