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  • #5,661
  • Jan 2, 2020 7:41pm Jan 2, 2020 7:41pm
Quoting Kwame Freder
{quote} a big draw would assist in it going up.
You're absolutely right. I had it backwards. Sorry and thank you!

Quoting MzansiObi
{quote} We finally get the breakout higher from the H1 box.... lets see if the retest of the “box” high can act as support and be used to help rally prices towards 1. Previous high and 2. A new H1 high....we remain patient though.....
I think this has legs. WTI is rallying on Suleimani assassination. The is big news IMO. Surprised markets aren't in any risk off mode. Oil is certainly reacting. I'm not sure if he was a known target or not.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #5,662
  • Jan 2, 2020 7:51pm Jan 2, 2020 7:51pm
Quoting EventsTrader
{quote} You're absolutely right. I had it backwards. Sorry and thank you! {quote} I think this has legs. WTI is rallying on Suleimani assassination. The is big news IMO. Surprised markets aren't in any risk off mode. Oil is certainly reacting. I'm not sure if he was a known target or not.
From a technical perspective it would seem so....if we can manage to close back above 61.60 on the H1 then we look to challenge the previous Highs again.....it being Friday, will begin taking some profit from current longs and observe PA....From a fundamental point of view, have always relied and drawn on your fundamental knowledge for perspective....
4&1 All Time Profit: $37,496
  • #5,663
  • Jan 2, 2020 8:20pm Jan 2, 2020 8:20pm
massive move!! so much accumulation overnight.
63.50 going to on futures.
  • #5,664
  • Jan 2, 2020 8:25pm Jan 2, 2020 8:25pm
Quoting Cools81
massive move!! so much accumulation overnight. 63.50 going to on futures.
Classic risk off environment. Gold higher, bonds higher, equities selling off. This might be the start of a bigger move. Oil traders were on top of it. It took some time for the moves to develop in other markets. Volume is still way too low to think that the move is over. I'm not as sure on oil, but I still see a lot of room higher for gold, as well as downside risk in equities. As far as WTI, war and supply disruptions are two of the biggest risk events and we could be seeing some pricing in of both. Potentially. Strap on your seat belts gentlemen, this could be a wild ride!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #5,665
  • Jan 2, 2020 8:25pm Jan 2, 2020 8:25pm
This was quite a reaction.
  • #5,666
  • Jan 2, 2020 8:29pm Jan 2, 2020 8:29pm
Hope no one was short
  • #5,667
  • Jan 2, 2020 9:41pm Jan 2, 2020 9:41pm
Quoting EventsTrader
{quote} Classic risk off environment. Gold higher, bonds higher, equities selling off. This might be the start of a bigger move. Oil traders were on top of it. It took some time for the moves to develop in other markets. Volume is still way too low to think that the move is over. I'm not as sure on oil, but I still see a lot of room higher for gold, as well as downside risk in equities. As far as WTI, war and supply disruptions are two of the biggest risk events and we could be seeing some pricing in of both. Potentially. Strap on your seat belts...
my 2 cents:
brent wise it is nicely moving in an uptrend with 1st wave 56.x --> 68-69 completed after which it took a breather to 65-66. now we see this geopolitical based sudden rally bk to 69.x. such event shock based rallies might usually be sold off bk to fundamental levels and sustained rally shud always be accompanied by fundamentals like manufacturing/etc for crude .. so if 69 +/- not able to hold then spot can revisit 64-66$ area which is strong fundamental support at the moment.

ofcourse i can be wrong and maybe next wave has already started. 56.x --> 68.x --> 65.x --> ?

lets see.
  • #5,668
  • Jan 2, 2020 11:12pm Jan 2, 2020 11:12pm
Quoting EventsTrader
{quote} Classic risk off environment. Gold higher, bonds higher, equities selling off. This might be the start of a bigger move. Oil traders were on top of it. It took some time for the moves to develop in other markets. Volume is still way too low to think that the move is over. I'm not as sure on oil, but I still see a lot of room higher for gold, as well as downside risk in equities. As far as WTI, war and supply disruptions are two of the biggest risk events and we could be seeing some pricing in of both. Potentially. Strap on your seat belts...
Agreed!!!!

Once we started closing above the 57 handle on the daily, buying dips has always been the preferred option to sort of buy and hold.....the first target At 63.2 already achieved as such next line in the sand becomes 64.7....may take some time but thinking bulls will look thereabouts next...
4&1 All Time Profit: $37,496
  • #5,669
  • Jan 3, 2020 3:32am Jan 3, 2020 3:32am
Quoting Kwame Freder
doesn't seem to have the energy to go lower, its just toying with us. wouldn't be surprised if tomorrows news sent this thing soaring upwards
You got some magic Kwame Freder!
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persistence and determination alone are omnipotent
  • #5,670
  • Jan 3, 2020 6:21am Jan 3, 2020 6:21am
Hello all, just back from work, yeah, holidays take so long to come yet over in a blink, seems a stella rise on WTI, something that may have a bearing is news about Iran and USA, you probably all know, it was news this morning before I left for work so happend in the early hours, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,671
  • Jan 3, 2020 6:23am Jan 3, 2020 6:23am
Quoting EventsTrader
{quote} You're absolutely right. I had it backwards. Sorry and thank you! {quote} I think this has legs. WTI is rallying on Suleimani assassination. The is big news IMO. Surprised markets aren't in any risk off mode. Oil is certainly reacting. I'm not sure if he was a known target or not.
Sorry EvT, you covered it, looked over the board a little jaded this morning,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,672
  • Jan 3, 2020 6:33am Jan 3, 2020 6:33am
Quoting detector
Hello all, just back from work, yeah, holidays take so long to come yet over in a blink, seems a stella rise on WTI, something that may have a bearing is news about Iran and USA, you probably all know, it was news this morning before I left for work so happend in the early hours, D
new year new profits D the grand master still rising
persistence and determination alone are omnipotent
  • #5,673
  • Jan 3, 2020 7:03am Jan 3, 2020 7:03am
Attached Image (click to enlarge)
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persistence and determination alone are omnipotent
  • #5,674
  • Jan 3, 2020 7:17am Jan 3, 2020 7:17am
My long from yesterday worked out very nicely. Think I may sit today out. Would prefer a Significant pullback.
  • #5,675
  • Jan 3, 2020 7:24am Jan 3, 2020 7:24am
Quoting Ll1979
{quote} new year new profits D the grand master still rising
Thanks Li, yeah, slowly, slowly, have stayed away from WTI, trading this for "me" is nothing short of coin flipping because I'm struggling to chart it, going back I while and If I'd taken my own advice, would have been in a good long position, however, hindsight's a wonderful thing, seem it's been at a transition, waiting for confirmation, the numbers seem to have little impact, the news is the main contributor, oh and Mr T,
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,676
  • Jan 3, 2020 7:37am Jan 3, 2020 7:37am
Quoting detector
{quote} Thanks Li, yeah, slowly, slowly, have stayed away from WTI, trading this for "me" is nothing short of coin flipping because I'm struggling to chart it, going back I while and If I'd taken my own advice, would have been in a good long position, however, hindsight's a wonderful thing, seem it's been at a transition, waiting for confirmation, the numbers seem to have little impact, the news is the main contributor, oh and Mr T,
As always Mr T knows how to move the markets a position in gold wouldn't hurt under these markets conditions.
persistence and determination alone are omnipotent
  • #5,677
  • Jan 3, 2020 7:49am Jan 3, 2020 7:49am
Quoting Ll1979
{quote} As always Mr T knows how to move the markets a position in gold wouldn't hurt under these markets conditions.
I have a test of 1573-5 on gold Li, irony is, daily is crossing bearish, could be a stellar short if it plays the game, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,678
  • Jan 3, 2020 8:54am Jan 3, 2020 8:54am
https://www.zerohedge.com/energy/cap...would-jump-150
persistence and determination alone are omnipotent
  • #5,679
  • Jan 3, 2020 9:39am Jan 3, 2020 9:39am
Quoting Ll1979
https://www.zerohedge.com/energy/cap...would-jump-150
150? That's very unlikely right? When the price goes up to a level that the consumer doesn't buy into, it will start drop back, especially with today's technology, from the energy point of view, alternative energy source has been promoting, oil is only required as basic manufacturing raw material, it can't survive in such a high price
  • #5,680
  • Jan 3, 2020 10:59am Jan 3, 2020 10:59am
Quoting luckyvictor
{quote} 150? That's very unlikely right? When the price goes up to a level that the consumer doesn't buy into, it will start drop back, especially with today's technology, from the energy point of view, alternative energy source has been promoting, oil is only required as basic manufacturing raw material, it can't survive in such a high price
A blip could happen, certainly for the trading of it there could be an anomaly of some kind, even for one day, your right with above, (all accounts but highlighted my answered portion) no one would buy it, might be worth keeping a small long with a trailing stop LOL, but a serious note, the market could create this and it's quite worrying, D
I don't need to be good at the game, only good enough to beat my opponent,
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