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  • #10,281
  • Mar 31, 2022 10:06am Mar 31, 2022 10:06am
messy day of pure manipulation. Still think it will go down further expecting alot more spikes up before that
  • #10,282
  • Mar 31, 2022 4:32pm Mar 31, 2022 4:32pm
Price lowered close to 6% in a day. According to below prediction
10-35 cents/gallon would be around $80/barrel.
This is only one side of the story, more uncertainty about to start.
Energy bills in UK rising from tomorrow.

Reference:
GAS PRICES: President Biden predicts his release of oil from the strategic reserves could lower prices at the pump anywhere from 10-35 cents/gallon, or perhaps even further.
  • #10,283
  • Mar 31, 2022 8:47pm Mar 31, 2022 8:47pm
Quoting yani38
{quote} Too much, too late. Continuing uncertainty re the Russia/Ukraine situation taking a big toll on the markets, past 5 hrs a dumping ground. EDIT: 'Beware the Ides of March', one day to go : ) {image}
Was up a cpl of times during the night, had TP set @ 672, ended up taking 34774, very happy : )

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,284
  • Apr 1, 2022 2:40am Apr 1, 2022 2:40am
TP 98 hit on one position.

Still holding to my two trades, tp set to 93 and actually looks promising.
  • #10,285
  • Apr 1, 2022 2:44am Apr 1, 2022 2:44am
Daily
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  • #10,286
  • Apr 1, 2022 5:23am Apr 1, 2022 5:23am
Quoting Jolita
TP 98 hit on one position. Still holding to my two trades, tp set to 93 and actually looks promising.
Good luck Jolita.
"Don't Shoot Me I'm Only the Piano Player"
  • #10,287
  • Apr 1, 2022 5:32am Apr 1, 2022 5:32am
We wait for these, pretty heavy duty stuff., due out in two hours.

Attachment g
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"Don't Shoot Me I'm Only the Piano Player"
  • #10,288
  • Edited 9:25am Apr 1, 2022 8:53am | Edited 9:25am
Quoting yani38
We wait for these, pretty heavy duty stuff., due out in two hours. 4176245 {image}

Well done on your US30 index, I am not this strong to trade indexes yet. Maybe will try in future, need to learn first to understand principles.
There is one lady trader on Utube who shares daily updates - Charts and Coffee with Raghee / Raghee Horner. I will have to find time (in my busy schedule) and watch her videos from the start.

Unemployment rate was lower, non farm employment change negative by a lot.
It depends how investors will interpret the info.
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  • #10,289
  • Apr 1, 2022 9:15am Apr 1, 2022 9:15am
we just got a spike up with no follow through. possible flush of weak bears. wouldn't be surprised if we got another big move down later
  • #10,290
  • Apr 1, 2022 11:14am Apr 1, 2022 11:14am
Quoting Kwame Freder
we just got a spike up with no follow through. possible flush of weak bears. wouldn't be surprised if we got another big move down later
My entries are secured for now. Was planning to buy today, glad I didn't, still some pips to grab lower.

Kwame, you can spot areas very precisely. Thanks for sharing your knowledge.
  • #10,291
  • Apr 1, 2022 11:17am Apr 1, 2022 11:17am
Bigivan, please don't hesitate to share your amazing trade.
  • #10,292
  • Apr 1, 2022 1:05pm Apr 1, 2022 1:05pm
UK is following US to reduce prices

The United Kingdom is set to join the United States in the latest round of releases from strategic petroleum reserves as the Western allies and the IEA seek to lower oil prices and ensure enough supply globally in the wake of the Russian war in Ukraine.

Link:
https://oilprice.com/Latest-Energy-N...e-Release.html
  • #10,293
  • Apr 1, 2022 1:40pm Apr 1, 2022 1:40pm
Quoting Jolita
UK is following US to reduce prices The United Kingdom is set to join the United States in the latest round of releases from strategic petroleum reserves as the Western allies and the IEA seek to lower oil prices and ensure enough supply globally in the wake of the Russian war in Ukraine. Link: https://oilprice.com/Latest-Energy-N...e-Release.html
But then what? After reserves are used up? The fact that strategic reserves will be no more shouldn't it mean oil prices will explode up?

Who is capable of replenishing the reserves and continuing the supply? Venezuela and Iran? I doubt it.
  • #10,294
  • Apr 1, 2022 2:00pm Apr 1, 2022 2:00pm
Quoting shnackattack
{quote} But then what? After reserves are used up? The fact that strategic reserves will be no more shouldn't it mean oil prices will explode up? Who is capable of replenishing the reserves and continuing the supply? Venezuela and Iran? I doubt it.
No doubt everyone need to move away from Russian gas and oil.
We will need to find alternatives which will take time.
For example UK will have to increase North Sea production.
Most of European country has power station closed due to high risk on explosion and European regulations. Perhaps these require safety reconstrucion.
  • #10,295
  • Apr 2, 2022 2:27pm Apr 2, 2022 2:27pm
We should see $92.50 next week and with a resistance of $97. Commodity prices are a target by the Fed even though it is not spoken of. The only ones who do well are oil related companies in this environment. A little further out near May watch out. NFP numbers were good enough for a 50 BPS rate hike coming up. Yeah, that will bring prices down.
Be humble or be humbled.
  • #10,296
  • Apr 3, 2022 4:45pm Apr 3, 2022 4:45pm
Should get a bounce off of the 50 Day Ema to 101 or so then down from here until Wed?
Be humble or be humbled.
  • #10,297
  • Apr 3, 2022 5:26pm Apr 3, 2022 5:26pm
I don't want to short oil this low but the SPR release and Shanghai lockdown, the technicals also. BEARISH.
Be humble or be humbled.
  • #10,298
  • Apr 3, 2022 7:41pm Apr 3, 2022 7:41pm
Quoting Temujin
I don't want to short oil this low but the SPR release and Shanghai lockdown, the technicals also. BEARISH.
Obviously looks bearish, could bounce a bit from here back to 100.00/101.00, tough call. Live chart below.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,299
  • Apr 3, 2022 10:14pm Apr 3, 2022 10:14pm
Markets fairly static, WTI up a bit, over 100 again, AUD/USD rally back above 0.75, A200 steady, Precious down a bit, (no doubt a lot of shorters, we wait for their posts..and well done in anticipation of same). : )
"Don't Shoot Me I'm Only the Piano Player"
  • #10,300
  • Apr 3, 2022 10:40pm Apr 3, 2022 10:40pm
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