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  • #10,161
  • Mar 17, 2022 1:29pm Mar 17, 2022 1:29pm
amazed at this volatility. trying a short from 101 area
  • #10,162
  • Edited 2:41pm Mar 17, 2022 1:48pm | Edited 2:41pm
Quoting Kwame Freder
amazed at this volatility. trying a short from 101 area

still wants higher, sits on resistance.

This was good article today 'buy the dip, buy now'.

Edit, this one I meant-
https://www.energyandcapital.com/art...buying-/101500
  • #10,163
  • Mar 18, 2022 12:20am Mar 18, 2022 12:20am
Wrong thread to post but a vintage short squeeze in post close wrap up happening with A200 atm.

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  • #10,164
  • Mar 18, 2022 12:24am Mar 18, 2022 12:24am
Quoting Jolita
{quote} still wants higher, sits on resistance. This was good article today 'buy the dip, buy now'. Edit, this one I meant- https://www.energyandcapital.com/art...buying-/101500
Yes certainly a good chaser, re WTI.

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  • #10,165
  • Mar 18, 2022 12:39am Mar 18, 2022 12:39am
As things stand re these three live.


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  • #10,166
  • Mar 18, 2022 5:53am Mar 18, 2022 5:53am
Quoting yani38
Wrong thread to post but a vintage short squeeze in post close wrap up happening with A200 atm. {image}
Australian pairs fast movers.
I liked trading EA.
I don't currently trade AU but had a look. Weekly indicates AU has touched resistance on the bearish trendline. This is level to watch for a rejection or break out. On daily we still have space up. Might take some time to see direction.
Where do you stand with this?
Daily and Weekly
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  • #10,167
  • Mar 18, 2022 6:40am Mar 18, 2022 6:40am
Quoting Jolita
{quote} Australian pairs fast movers. I liked trading EA. I don't currently trade AU but had a look. Weekly indicates AU has touched resistance on the bearish trendline. This is level to watch for a rejection or break out. On daily we still have space up. Might take some time to see direction. Where do you stand with this? Daily and Weekly{image}{image}

Thanks Jolita, always good to hear from you.

1. 'Weekly indicates AU has touched resistance on the bearish trendline. This is level to watch for a rejection or break out.'

>> I agree as per your chart. AUD/USD has been exceptionally strong and a retracement wouldn't surprise, neither would a break out upside.

2. I remain bullish, with interest rates rising Globally, and also favourable Australia employment data out earlier this week., both reinforcing the fact the AUD should remain a very strong currency, as recent buying impetus would indicate.

Y
"Don't Shoot Me I'm Only the Piano Player"
  • #10,168
  • Mar 18, 2022 7:07am Mar 18, 2022 7:07am
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  • #10,169
  • Mar 18, 2022 7:35am Mar 18, 2022 7:35am
Quoting yani38
{quote} Thanks Jolita, always good to hear from you. 1. 'Weekly indicates AU has touched resistance on the bearish trendline. This is level to watch for a rejection or break out.' >> I agree as per your chart. AUD/USD has been exceptionally strong and a retracement wouldn't surprise, neither would a break out upside. 2. I remain bullish, with interest rates rising Globally, and also favourable Australia employment data out earlier this week., both reinforcing the fact the AUD should remain a very strong currency, as recent buying impetus would indicate....
Good points
In this case bigger probability for a reversal to a bullish trend.
Levels to watch -
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  • #10,170
  • Mar 18, 2022 8:06am Mar 18, 2022 8:06am
Quoting Jolita
{quote} Good points In this case bigger probability for a reversal to a bullish trend. Levels to watch - {image}
That black downside resis trend line a bit scary, the last candle on your chart seems to be doing most work on the top end, hope it closes that way. Anyway an interesting chart, no doubt.

Listening to the footy, have a great weekend!
"Don't Shoot Me I'm Only the Piano Player"
  • #10,171
  • Mar 18, 2022 11:14am Mar 18, 2022 11:14am
All good so far today.

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  • #10,172
  • Edited 4:19pm Mar 18, 2022 1:58pm | Edited 4:19pm
Sharing:
Money managers reduced their net-length in Brent crude oil futures and options by 5,067 contracts to 152,605 in the week ending March 15
Long-only positions fell by 11,211
Short-only positions fell by 6,144
other reportables net-length rose by 9,304

Money managers reduced their net-length in WTI crude oil futures and options by 18,795 contracts to 258,739 in the week ending March 15
Long-only positions fell by 19,231
Short-only positions fell by 436
other reportables net-length fell by 15,271
  • #10,173
  • Mar 18, 2022 2:04pm Mar 18, 2022 2:04pm
Quoting yani38
All good so far today. {image}
Uhh, level is holding.
This is a ''golden touch'', when a reversal in trend happens. Monitor closely and only HH of previous wk high will change the trend.
Be careful of the trap.

Have a nice weekend!
  • #10,174
  • Mar 18, 2022 3:58pm Mar 18, 2022 3:58pm
China stopping all exports of oil in Apr
This should drive the price of Oil up even more !
it’s been a great 2022 so Far !
I have a target of $115 for WTI for 06 APR 22 and climbing.
  • #10,175
  • Mar 18, 2022 5:54pm Mar 18, 2022 5:54pm
OPEC+ Oil Production Is 1 Million Bpd Lower Than Target Level
Great week in WTI investing !
  • #10,176
  • Mar 18, 2022 6:11pm Mar 18, 2022 6:11pm

  1. The average daily rate of Indian purchases of Russin crude has stood at 360,000 bpd, which was four times the rate of daily purchases last year.

  • #10,177
  • Mar 19, 2022 6:43am Mar 19, 2022 6:43am
Saudi Arabia Considers Ditching The Dollar For Chinese Oil Sales. US Administration is losing world support. China is becoming the dominant player on the world stage, while Biden is asleep in bed.
  • #10,178
  • Mar 20, 2022 5:10am Mar 20, 2022 5:10am
we range in the next 36 months between $114 and $80
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  • #10,179
  • Mar 20, 2022 6:24am Mar 20, 2022 6:24am
[quote=Senyor;13938815]we range in the next 36 months between $114 and $80 {image}[

Oh, totally agree ; )
"Don't Shoot Me I'm Only the Piano Player"
  • #10,180
  • Mar 20, 2022 3:15pm Mar 20, 2022 3:15pm
Quoting Senyor
we range in the next 36 months between $114 and $80 {image}
Expect WTI in the 120’s for APR
36 months is along time looking forward
with a new Congress and Senate in 2023 maybe things will change a little for drillers in US.
Spring Travel season and driving season starting demand will be up and supply down. Equal prices up !
great for us energy investors !
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