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  • #10,341
  • Apr 10, 2022 8:41pm Apr 10, 2022 8:41pm
Serves it right.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,342
  • Apr 10, 2022 9:52pm Apr 10, 2022 9:52pm
Quoting Temujin
{quote} The FTSE and DAX futures started in the green. If they remain positive at the NY close there is a great chance the U.S. indexes close green also. CPI for March on TUE. I think up from now and then the market is about to get WREKT upon that release. It will only cement a 50 basis point raise in May.
Thanks Temujin, all pretty quiet right now, I'll go 1937 the latter, on the rebound atm.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,343
  • Apr 11, 2022 4:43am Apr 11, 2022 4:43am
Certainly hovering around, close but no cigar re the one on the right : )

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,344
  • Apr 11, 2022 7:49am Apr 11, 2022 7:49am
Quoting yani38
Certainly hovering around, close but no cigar re the one on the right : ) {image}
I bought a $93.40 strike for a bounce.
Be humble or be humbled.
  • #10,345
  • Apr 11, 2022 8:58am Apr 11, 2022 8:58am
Lockdowns loosening in some Shanghai areas, some welcomed news.
Be humble or be humbled.
  • #10,346
  • Apr 11, 2022 11:54am Apr 11, 2022 11:54am
Quoting Jolita
{quote} More weakness in near term imo. My shorts are active. TP set was 93 but missed by 44pips. Added a few more trades, would be great to dive and finish off the week bearish.

Hope you are well.
Sell continued on Monday, new low $92.67. TP closed on few positions.
I can still see we can go lower. My new TP is rounded to 90.50. Will be looking to buy later this week.
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  • #10,347
  • Apr 12, 2022 4:57am Apr 12, 2022 4:57am
Maybe the CPI for March will slam it down or already factored in?
Be humble or be humbled.
  • #10,348
  • Apr 12, 2022 7:56am Apr 12, 2022 7:56am
We are at resistance, if breaks up, we are back to bullish trend, if rejects going to test $94 support.
4h
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  • #10,349
  • Apr 12, 2022 8:35am Apr 12, 2022 8:35am
bulls seem to be determined to break resistance. as i type seems definitive. my guess would be 105 first target
  • #10,350
  • Apr 12, 2022 9:21am Apr 12, 2022 9:21am
Quoting Kwame Freder
bulls seem to be determined to break resistance. as i type seems definitive. my guess would be 105 first target
Idk, I would say get ready to short it. This is only a temporary pop because of the CPI report and Barkindo's comments on the Russian oil deficit. API data will show a build and OPEC just CUT the demand growth for the year. This is a short squeeze. I bet the IEA release tomorrow will also show a build up in inventory. The SPR of a 1 million barrels a day from the U.S. and another 60 million from the IEA over time.
Fundamentals do not match up with the price action today.
Be humble or be humbled.
  • #10,351
  • Apr 12, 2022 9:37am Apr 12, 2022 9:37am
https://www.forexlive.com/news/opec-...415m-20220412/

BULL TRAP
Be humble or be humbled.
  • #10,352
  • Apr 12, 2022 9:39am Apr 12, 2022 9:39am
Quoting Temujin
{quote} Idk, I would say get ready to short it. This is only a temporary pop because of the CPI report and Barkindo's comments on the Russian oil deficit. API data will show a build and OPEC just CUT the demand growth for the year. This is a short squeeze. I bet the IEA release tomorrow will also show a build up in inventory. The SPR of a 1 million barrels a day from the U.S. and another 60 million from the IEA over time. Fundamentals do not match up with the price action today.
be careful shorting this. you could end up going on a hell of a ride before it stops
  • #10,353
  • Apr 12, 2022 11:19am Apr 12, 2022 11:19am
Today -
OPEC no demand
Germany has reserves until end of summer.

Resistance taken out, will retest break area.
Is this fake out or last buy before further drop? Unsure still. Bulls fighting bears.
  • #10,354
  • Apr 12, 2022 1:39pm Apr 12, 2022 1:39pm
CA10Y (Canada's 10 Year Government Bond Yield) as a leading indicator for oil.
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  • #10,355
  • Apr 12, 2022 2:58pm Apr 12, 2022 2:58pm
Quoting Jolita
Today - OPEC no demand Germany has reserves until end of summer. Resistance taken out, will retest break area. Is this fake out or last buy before further drop? Unsure still. Bulls fighting bears.
The DROP is coming.
Be humble or be humbled.
  • #10,356
  • Apr 12, 2022 3:00pm Apr 12, 2022 3:00pm
Quoting ChartXP
CA10Y (Canada's 10 Year Government Bond Yield) as a leading indicator for oil. {image}
Interesting, Can also use USD/CAD as an inverse indicator. Thanks for the chart.
Be humble or be humbled.
  • #10,357
  • Edited 5:27pm Apr 12, 2022 3:46pm | Edited 5:27pm
So am I reading the API Report correctly? There is a 7 million barrel inventory build?

Yeah, the oil crash is coming next.

https://www.forexlive.com/news/priva...cted-20220412/
Be humble or be humbled.
  • #10,358
  • Apr 12, 2022 5:31pm Apr 12, 2022 5:31pm
Quoting Temujin
So am I reading the API Report correctly? There is a 7 million barrel inventory build? Yeah, the oil crash is coming next. https://www.forexlive.com/news/priva...cted-20220412/
Yes, correct.

https://oilprice.com/Latest-Energy-N...ory-Build.html
  • #10,359
  • Apr 12, 2022 6:11pm Apr 12, 2022 6:11pm
Unclosed gap remaining.
I hold few safe sell positions, I think I should have closed them last night. Price slowly crawling up.

I was out in the city.
Noticed a few of my open trades took a positive SL - gap closed on Tesla, UJ doesn't want to retrace, SL hit +9p.
GU manually closed +120p. No bad still.
  • #10,360
  • Apr 12, 2022 6:26pm Apr 12, 2022 6:26pm
Quoting Jolita
Unclosed gap remaining. I hold few safe sell positions, I think I should have closed them last night. Price slowly crawling up. I was out in the city. Noticed a few of my open trades took a positive SL - gap closed on Tesla, UJ doesn't want to retrace, SL hit +9p. GU manually closed +120p. No bad still.
A lot going on, get ready to SHORT the hell out of oil once the IEA report comes out. Bought the NASDAQ futures for a temporary bounce on decreased volatility now that the market believes this is peak inflation. The down side is assets will be targeted by the Fed with heavy back to back 50 point raises in May and June. Jeffrey Gundlach thinks a crash is coming soon.
Be humble or be humbled.
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