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  • #5,601
  • Dec 23, 2019 10:46am Dec 23, 2019 10:46am
I got this video from the music thread , thought I'd post it on here for all my fellow oldies, you young ones take note, this is where your heading ha

Have a nice christmas all

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All charts/ideas based on UK time zone
  • #5,602
  • Dec 23, 2019 10:50am Dec 23, 2019 10:50am
Quoting prashfx
{quote} subjective ... haha {image}
Lol it bounced back higher bud....just closed out for some decent “pip-age” it was on the cards.....that H1 200 is capping any further bearishness for now.....let’s see if we can get higher on the H1.....let’s see if we get a dip towards the m15 for another buy dip
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4&1 All Time Profit: $37,496
  • #5,603
  • Dec 24, 2019 2:12am Dec 24, 2019 2:12am
Quoting MzansiObi
{quote} Lol it bounced back higher bud....just closed out for some decent “pip-age” it was on the cards.....that H1 200 is capping any further bearishness for now.....let’s see if we can get higher on the H1.....let’s see if we get a dip towards the m15 for another buy dip {image}
looking at last 48 hrs trading price action .. brent spot can have few strong green dailies to 69-70 area possibly ... support at 65.70 in place
  • #5,604
  • Dec 24, 2019 3:18am Dec 24, 2019 3:18am
Quoting prashfx
{quote} looking at last 48 hrs trading price action .. brent spot can have few strong green dailies to 69-70 area possibly ... support at 65.70 in place
Agreed....in essence seems that the sideways to bullish approach may prevail.....I’d like another retest of that support structure on the H1 around the 60.18 handle to load a decent sized position to the upside
4&1 All Time Profit: $37,496
  • #5,605
  • Dec 24, 2019 10:32am Dec 24, 2019 10:32am
the relentless drive north continues....
  • #5,606
  • Dec 24, 2019 4:59pm Dec 24, 2019 4:59pm
Inserted Video
persistence and determination alone are omnipotent
  • #5,607
  • Dec 24, 2019 8:49pm Dec 24, 2019 8:49pm
Quoting prashfx
{quote} looking at last 48 hrs trading price action .. brent spot can have few strong green dailies to 69-70 area possibly ... support at 65.70 in place
moving as expected. $68.40-75 should complete the $12.60 wave from $56.15. after that maybe we can see $3-4 drop even if the upwave is to continue.
  • #5,608
  • Dec 24, 2019 11:44pm Dec 24, 2019 11:44pm
Quoting prashfx
{quote} moving as expected. $68.40-75 should complete the $12.60 wave from $56.15. after that maybe we can see $3-4 drop even if the upwave is to continue.
Agreed managed to squeeze some pips out of the move upwards. But started trailing aggressively when we got close to that right shoulder level that gave the sell off last week


still think we are due for a deeper correction lower before the rally gets going
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4&1 All Time Profit: $37,496
  • #5,609
  • Dec 25, 2019 12:54am Dec 25, 2019 12:54am
Quoting MzansiObi
{quote} Agreed managed to squeeze some pips out of the move upwards. But started trailing aggressively when we got close to that right shoulder level that gave the sell off last week still think we are due for a deeper correction lower before the rally gets going {image}
brent mkt made a new high actually .. i am trading more of that. wti seems relatively weaker. but again brent expiry coming soon so will have some volatility around that. nevertheless i attach some probability of having a Oct19 - summer-2020 rally in crude. i love trending mkts!
  • #5,610
  • Dec 25, 2019 2:38am Dec 25, 2019 2:38am
Merry Christmas everybody!
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persistence and determination alone are omnipotent
  • #5,611
  • Dec 26, 2019 2:32am Dec 26, 2019 2:32am
Quoting prashfx
{quote} brent mkt made a new high actually .. i am trading more of that. wti seems relatively weaker. but again brent expiry coming soon so will have some volatility around that. nevertheless i attach some probability of having a Oct19 - summer-2020 rally in crude. i love trending mkts!
Hey bud agreed...
when it trends it’s great...one must steer clear of going against a trend in a bid to hold onto a long term position....


H1 still making higher highs and the bearish rsi divergence near the overhead resistance level will have me reduce my net long positions till it breaks out....Or dips low enough for me to add a long setup

will remain patient.

have attached an H4 chart just for perspective


hope you’re good bud
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4&1 All Time Profit: $37,496
  • #5,612
  • Dec 26, 2019 3:49am Dec 26, 2019 3:49am
Quoting MzansiObi
{quote} Hey bud agreed... when it trends it’s great...one must steer clear of going against a trend in a bid to hold onto a long term position.... H1 still making higher highs and the bearish rsi divergence near the overhead resistance level will have me reduce my net long positions till it breaks out....Or dips low enough for me to add a long setup will remain patient. have attached an H4 chart just for perspective hope you’re good bud {image}
mnthly avg is 64.60 till now for dec .. so that that number shud be support gg fwd for spot maybe ... can buy if comes close ... if trending mkt.
  • #5,613
  • Dec 26, 2019 7:29am Dec 26, 2019 7:29am
Quoting prashfx
{quote} mnthly avg is 64.60 till now for dec .. so that that number shud be support gg fwd for spot maybe ... can buy if comes close ... if trending mkt.
I’m looking at 66.90 for an Intra day long entry Will see if it does get a bit of a bounce forward.....
4&1 All Time Profit: $37,496
  • #5,614
  • Dec 27, 2019 2:56am Dec 27, 2019 2:56am
RUSSIA’S NOVAK: RUSSIA WILL NEED TO RAISE OIL OUTPUT AT SOME POINT
27 December 2019, 09:42

Russia will need to raise oil output at some point, Russian Energy Minister Alexander Novak said in an interview, Reuters reported.

Additional Comments:
OPEC+ deal is positive for the market but it can't last forever.
Next year we will discuss raising oil output.
Both crude benchmarks are trading at their highest levels since September amid trade deal optimism and hopes of improved economic outlook next year.
persistence and determination alone are omnipotent
  • #5,615
  • Dec 27, 2019 6:28am Dec 27, 2019 6:28am
Quoting prashfx
{quote} mnthly avg is 64.60 till now for dec .. so that that number shud be support gg fwd for spot maybe ... can buy if comes close ... if trending mkt.
Thinking another dip is eminent to load a long entry.....
thinking some moving averages would have raised towards previous shoulder handle to continue along the upward momentum


green pips
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4&1 All Time Profit: $37,496
  • #5,616
  • Dec 27, 2019 6:41am Dec 27, 2019 6:41am
Quoting MzansiObi
{quote} Thinking another dip is eminent to load a long entry..... thinking some moving averages would have raised towards previous shoulder handle to continue along the upward momentum green pips {image}
that multiple buying around 54.50-55 area and forming a base might be the key to this rally and any subsequent trend if it develops. so any retrace for long entry you might look from there mayb. next week loads of manufacturing data from EU/China/US and FOMC too .. manufacturing number weeks are imp for crude. lets see.
  • #5,617
  • Dec 27, 2019 8:00am Dec 27, 2019 8:00am
news today: US crude oil stocks at 5pm, should more be stored here than forecast, then you can target a nice short.
  • #5,618
  • Dec 27, 2019 9:05am Dec 27, 2019 9:05am
A great short opps and it's been ovelooked, just pleased I'm out, hope you all had a good Christmas, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,619
  • Dec 27, 2019 10:16am Dec 27, 2019 10:16am
Quoting detector
A great short opps and it's been ovelooked, just pleased I'm out, hope you all had a good Christmas, D
Hey DT

got pulled into selling.....bearish impulse wave suggesting a bit of a drop. Will flip long in a bit
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4&1 All Time Profit: $37,496
  • #5,620
  • Dec 27, 2019 10:30am Dec 27, 2019 10:30am
Quoting MzansiObi
{quote} Hey DT got pulled into selling.....bearish impulse wave suggesting a bit of a drop. Will flip long in a bit {image}
MZ, hope you made, I'm out until the NYear seen some swings today, scalp is the order of the day in the holidays, indicators looking same as gold, could make an attempt, and think it could be the death, for 62.50, just be mindfull of the swings and erratic movements this time of year, D
I don't need to be good at the game, only good enough to beat my opponent,
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