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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
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- #6,701
- Mar 13, 2020 8:56am Mar 13, 2020 8:56am
- Joined May 2019 | Status: iTrade | 1,838 Posts
- #6,702
- Mar 13, 2020 9:13am Mar 13, 2020 9:13am
- Joined May 2019 | Status: iTrade | 1,838 Posts
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return:
54.4%
- #6,710
- Mar 13, 2020 12:51pm Mar 13, 2020 12:51pm
typical trap they set, area of indecision, always best to wait and see how it plays out {image}
The target now is 33.00 to 33.25 for this move
Boxing clever since 76.
- #6,712
- Edited 1:14pm Mar 13, 2020 1:03pm | Edited 1:14pm
The downward pressure oil pressures look like it'll persist for the foreseeable future. The theme in the oil markets right now is how low will demand go and how long will Russia hold out until they finally come back to the table and attempt to steady oil prices with OPEC and the Saudis. While demand is dropping, the market continues to get flooded with oil. Oil tankers are hiking prices because of the increasing output by Russia and some members of OPEC. This can't last forever but there also doesn't seem to be an end in sight. Additionally, the...
What needs to be done to include US producers in all these production-level discussions? Because they are not "State" but individual companies?
I forgot to think about the impact of transportation on the whole process. I hope the Transporters don't get to decide the price of crude.
(Just for Fun) A situation like -- Mr buyer, for $75/barrel we can deliver ALL the barrels you need in two weeks, but em, , we know of this other company down the road that sells for $30/barrel, problem is that you wont get delivery until mid 2022
will this oil channel survive or will it breakdown? crazy move on oil today and even I got caught off guard. Up almost 9% and then came crashing down really really hard during north america trade. i think it survives and actually goes all the way up to the top end of the channel before crashing again. {image}
- I'm trying to be on the look-out for as much "Technicals" as possible
{quote} bleh! 49. thats a little excessive . not saying its impossible but revising it down to 39 plus.
Just incase the move start, we can know what is playing out. By the way this is in-line with djmarquezlim's channel -so far
- #6,716
- Mar 13, 2020 3:06pm Mar 13, 2020 3:06pm
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #6,718
- Mar 14, 2020 2:48pm Mar 14, 2020 2:48pm
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
All charts/ideas based on UK time zone
- #6,719
- Mar 14, 2020 3:26pm Mar 14, 2020 3:26pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Heh, it is crazy.. they already made calculations about how many companies will go under if this prices will persist. Also interesting about REFUELING the OIL reserves... Well yeah, if one has the option, might be good to buy now 
Some OPTIONS or whatever... This POKER can no go for long otherwise many businesses will go under... So still awaiting to buy on the BUY SIDE (of the WTI). For sure won't walk into a BEAR TRAP... Better not to trade than to be trapped (losing money)...
Learning when not to trade is a huge part of my (profit preserving) strategy So stay tuned, will let you know when I think it would be good to enter the BUY.
Some OPTIONS or whatever... This POKER can no go for long otherwise many businesses will go under... So still awaiting to buy on the BUY SIDE (of the WTI). For sure won't walk into a BEAR TRAP... Better not to trade than to be trapped (losing money)...Learning when not to trade is a huge part of my (profit preserving) strategy
So stay tuned, will let you know when I think it would be good to enter the BUY.
Can you afford to take that chance?