DislikedShort on Time NC is ideal short level supported by harmonics as well. Short on time going to work thought to share R78 {image}Ignored
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DislikedShort on Time NC is ideal short level supported by harmonics as well. Short on time going to work thought to share R78 {image}Ignored
DislikedShort on Time NC is ideal short level supported by harmonics as well. Short on time going to work thought to share R78 {image}Ignored
DislikedBought AN 78s and 100S (last weeks pivots) Haven't added because of PA but DD is becoming irritating, may have to start ripping off band-aids. Any insights?Ignored
Source : http://mobile.reuters.com/article/idUSKBN18S50M
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OPEC discussed cutting its oil output by a further 1-1.5 percent when it met last week, three sources familiar with the matter said, and could revisit the proposal should inventories remain high and continue to weigh on prices.
The Organization of the Petroleum Exporting Countries and non-member producers ultimately decided at their May 25 meeting to extend their existing supply-cutting agreement for nine months, although oil ministers including Saudi Arabia's Khalid al-Falih confirmed deeper curbs had been debated.
One of the sources said the idea floated was to widen OPEC's supply cut by about 300,000 barrels per day (bpd).
That would equate to a further curb of about 1 percent of April output of nearly 32 million bpd and bring OPEC's total pledged cut to 1.5 million bpd, from 1.2 million bpd.
"They wanted to do some scenarios and get around 300,000 bpd of extra cuts to be distributed among everyone," the source, who declined to be identified, said. "But I think they decided to wait and see how the market will react first."
The initial price reaction to OPEC's May 25 decision was one of disappointment that producers had not deepened their cuts. Brent crude fell 5 percent to below $52 a barrel and was trading near there on Thursday, half its level of mid-2014.
OPEC officials nonetheless hope an inventory glut will ease in the next few months as market fundamentals move closer to balance. OPEC is not scheduled to meet again to set policy until November.
"By the next meeting, if prices and the situation remain like this, they will have to do something ... Everyone will be on board (for more cuts) if prices remain like they are now," the source said, adding that he expected the market and prices to improve by the third quarter.
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Oil cartels wont stop until They get Atleast 55$ per barrel. Extra Good news for our XXXCAD shorts.
DislikedSource : http://mobile.reuters.com/article/idUSKBN18S50M ======================================= OPEC discussed cutting its oil output by a further 1-1.5 percent when it met last week, three sources familiar with the matter said, and could revisit the proposal should inventories remain high and continue to weigh on prices. The Organization of the Petroleum Exporting Countries and non-member producers ultimately decided at their May 25 meeting to extend their existing supply-cutting agreement for nine months, although oil ministers including...Ignored
Disliked{quote} I'm in the same boat, I don't think there will not be much change this week, but next week AUD has a few News coming up include the CASH RATE AND RBA on June 5. The cash rate is forecasted to stay the same, which may help the AUD.Ignored
Disliked{quote} Thanks for the response. I was hoping news last night for me (this morning) would have offered a turn but to no avail....I am uncomfortable but not in pain so I am just going to close that chart for a while and check in after major news.Ignored
DislikedWhat has come down to political left is deplorable Kathy Griffin holding Trump's head in blood in typical manner how ISIS beheaded thousands of victims. I am actually speechless! upset! Can't even describe how painful this is to most Americans!Parents of decapitated victims must be appalled and this moron insensitive a-hole doing what ISIS did and making a political statement? This women should be ban from life from everything!Ignored
DislikedWhat has come down to political left is deplorable Kathy Griffin holding Trump's head in blood in typical manner how ISIS beheaded thousands of victims. I am actually speechless! upset! Can't even describe how painful this is to most Americans!Parents of decapitated victims must be appalled and this moron insensitive a-hole doing what ISIS did and making a political statement? This women should be ban from life from everything! deleted the image its too offensives but you can Google it and see it for yourselfIgnored