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  • #8,541
  • Jun 19, 2020 5:25am Jun 19, 2020 5:25am
moved SL to BE. it goes wherever it goes...
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  • #8,542
  • Jun 19, 2020 6:51am Jun 19, 2020 6:51am
Quoting tonny47
moved SL to BE. it goes wherever it goes... {image}
it stopped at the first possible support .. weekly r1 .. its not even profit taking.
  • #8,543
  • Jun 19, 2020 6:56am Jun 19, 2020 6:56am
Can someone explain whats the benefit of closing the gap, everybody is talking about it like its a huge thing?
  • #8,544
  • Jun 19, 2020 7:05am Jun 19, 2020 7:05am
Quoting shiftyxxpc
Can someone explain whats the benefit of closing the gap, everybody is talking about it like its a huge thing?
In my view, it's just a price zone which was visited during off hours and is easily visible on chart. Price might come back there, most of the gaps get closed eventually but you never know when.
  • #8,545
  • Jun 19, 2020 7:30am Jun 19, 2020 7:30am
Quoting mades
{quote} it stopped at the first possible support .. weekly r1 .. its not even profit taking.
yes, closed at BE
  • #8,546
  • Jun 19, 2020 8:00am Jun 19, 2020 8:00am
Quoting Kwame Freder
my bias is ofcourse long. when it breaks out of this range it will probably give 200+ pips. patience is required. probably will be the move of the week/the last real move
it broke out and gave a good move up. As for today I would be careful trading, could get a choppy session. I’d be surprised if it surged further and it doesn’t seem to have the energy for a significant down move.
  • #8,547
  • Jun 19, 2020 8:07am Jun 19, 2020 8:07am
seems like there is little more selling conviction now looking at 5 min candles
  • #8,548
  • Jun 19, 2020 8:26am Jun 19, 2020 8:26am
the same pa still , waiting fill first . take care
https://www.energyexch.com/showthrea...6#post12991666
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #8,549
  • Jun 19, 2020 9:41am Jun 19, 2020 9:41am
Nice false breakout which was sold into. We will probably test the lower side with a false break as well
  • #8,550
  • Jun 19, 2020 9:46am Jun 19, 2020 9:46am
I was astonished. it makes no sense that the price of oil will be above 40 $ / barrel. Given the state of the world like this, how could that possibly happen ????? opec said 2020 oil demand fell by almost 20% ... I bet oil will return to the level of 25 $ / barrel
  • #8,551
  • Jun 19, 2020 10:00am Jun 19, 2020 10:00am
Quoting achmadrusdy
I was astonished. it makes no sense that the price of oil will be above 40 $ / barrel. Given the state of the world like this, how could that possibly happen ????? opec said 2020 oil demand fell by almost 20% ... I bet oil will return to the level of 25 $ / barrel
i think oil will be above $50 by December. just wait til the airline industry is firing on all cylinders again
  • #8,552
  • Jun 19, 2020 10:18am Jun 19, 2020 10:18am
Quoting Kwame Freder
{quote} i think oil will be above $50 by December. just wait til the airline industry is firing on all cylinders again
Keeping my fingers crossed for airlines, but covid second wave + massive losses/cuts/bankruptcies in the industry would require a heap of time for recovering volumes up to precovid period. the year is not even the question.
Most probably we'll see continuation of production cuts show inside opec+ soon. how long and how deep they can cut. interesting times ahead..
  • #8,553
  • Jun 19, 2020 10:34am Jun 19, 2020 10:34am
Quoting RiderKBP
{quote} Keeping my fingers crossed for airlines, but covid second wave + massive losses/cuts/bankruptcies in the industry would require a heap of time for recovering volumes up to precovid period. the year is not even the question. Most probably we'll see continuation of production cuts show inside opec+ soon. how long and how deep they can cut. interesting times ahead..
I doubt the world will react to a covid 2nd wave the way it did with the first by completely locking down, and after opec etc missteps earlier this year with increasing out put, they will keep supply down to get prices back up. I can actually see oil prices surging higher than expected before it rebalances
  • #8,554
  • Jun 19, 2020 11:27am Jun 19, 2020 11:27am
Crude coming down with equities on some risk aversion. Some volume behind it.
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We must learn who is gold, and who is gold plated
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  • #8,555
  • Jun 19, 2020 11:45am Jun 19, 2020 11:45am
Not again. I need to learn to be patient. Got out with a small loss on my short because it wasn't going anywhere for quite a while... super annoyed!
On bright side, did well trading stocks
  • #8,556
  • Jun 19, 2020 12:02pm Jun 19, 2020 12:02pm
wow big move down and even the recovery has been impressive
  • #8,557
  • Jun 19, 2020 12:37pm Jun 19, 2020 12:37pm
the bullish power is quite astonishing. this pull all the way back up tells you all you need to know
  • #8,558
  • Jun 19, 2020 12:51pm Jun 19, 2020 12:51pm
Quoting Kwame Freder
the bullish power is quite astonishing. this pull all the way back up tells you all you need to know
That is surprising. On no news too.
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  • #8,559
  • Jun 19, 2020 1:37pm Jun 19, 2020 1:37pm
Quoting EventsTrader
{quote} That is surprising. On no news too. {image}
i think the tweet from the WHO about corona spreading rapidly worldwide sent it down but then the bulls bought the crap out of it. i guess we can expect the rally to continue next week
  • #8,560
  • Jun 19, 2020 2:40pm Jun 19, 2020 2:40pm
Quoting Kwame Freder
{quote} i think the tweet from the WHO about corona spreading rapidly worldwide sent it down but then the bulls bought the crap out of it. i guess we can expect the rally to continue next week
Definitely seems like the most likely cause.
We must learn who is gold, and who is gold plated
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