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"Just Oil"
Member Since Jan 14, 2010
2279 posts
Feb 28, 2016 at 12:07
I am worried about my long sugar trade. Entered upon few considerations especially momentum and previous 5 months up move and consolidation along with failure to take last week low on weekly and subsequent reaction. Need to see how market opens on Monday night. So far everything looked like possible trend reversal but who knows. Let's see.
Member Since Jan 14, 2010
2279 posts
Feb 28, 2016 at 12:07
(edited Feb 28, 2016 at 12:08)
arigoldman posted:
I think it's all guesswork now.
Yes, it is messy.
I need to look for better easier opportunities for now. I am short eurusd. Situation so far is also unclear but if it drops even to previous lows... I won't talk about parity still it would worth the risk.
Member Since Jan 14, 2010
2279 posts
Feb 28, 2016 at 12:22
I fighting burnng desire to close my sugar long outright. I hate when trade is not going as I expected. May be will take small loss. Or can close half position outright than watching how things will go and if it continues going against me I can close the rest. On the other hand, if that 0.1390-0.1400 level is taken to upside again I can add back closed half.
It is complicated. But I hate taking full losses. Made number of mistakes this week around cad. it was fortunate I did realize what was going on in time and closed all my positions outright. cost me a bit but otherwise I would lose 4-5%. so far, it is 1000 cuts. small losers.
Now the most important is to properly manage winners and cut losers short.
I am short all grains. having doubts about corn cause unlike beans and wheat it is still in the range. But , considering all grains are coming down logic has been corn should follow. I can close it today just to reduce possible risk a bit and free some margin for some other trades.
It is complicated. But I hate taking full losses. Made number of mistakes this week around cad. it was fortunate I did realize what was going on in time and closed all my positions outright. cost me a bit but otherwise I would lose 4-5%. so far, it is 1000 cuts. small losers.
Now the most important is to properly manage winners and cut losers short.
I am short all grains. having doubts about corn cause unlike beans and wheat it is still in the range. But , considering all grains are coming down logic has been corn should follow. I can close it today just to reduce possible risk a bit and free some margin for some other trades.
Member Since Oct 02, 2014
905 posts
Mar 01, 2016 at 16:15
Oil is tricky!
Positivity
Mar 21, 2016 at 07:10
fter the pattern archived: as I mention the last post- the pattern suggests the bullish trend, for the coming trading sessions, pointing that the prices creating a possible bullish pattern that its confirmation wti level situated at 39-40 $, from looking at the charts we can see also the resistance at 42-43 area
This pattern also suggests some corrections after reaching the target. Breaking down 36.20 followed by 35.10 levels will send the crude oil to cope with 33-34 $
This pattern also suggests some corrections after reaching the target. Breaking down 36.20 followed by 35.10 levels will send the crude oil to cope with 33-34 $
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Member Since Oct 02, 2014
905 posts
Mar 22, 2016 at 17:08
Expecting a decline.
Positivity
Member Since Oct 11, 2013
769 posts
Mar 31, 2016 at 05:10
Oil could break below the 37.00 level, but the 35.00 could act as support. The 200 day EMA around the 42.25 could act as resistance.
Member Since Oct 02, 2014
905 posts
Apr 04, 2016 at 11:21
Tricky business hh
Positivity
Member Since Oct 11, 2013
769 posts
Apr 06, 2016 at 04:14
If oil continues dropping from the 37.00 level on WTI, then the 35.00 may act as support.
Apr 08, 2016 at 22:54
it should probably stay high and even continue up on hopes for a production freeze in Doha 17. April. As this is pretty unlikely with Irans refusal to stop raising the production, and Saudi-arabias statement that they will only agree if all agree, we will then see a sharpe drop. A comitment largely kept a float based on the oil ministers of Venezuela, Nigeria and Ecuador.
Both Russia and Iran have raised their production
Both Russia and Iran have raised their production
Apr 12, 2016 at 06:54
ACAP posted:
no offence, but are you qualifiled?
That was my question, I believed there was a negative correlation of Oil to USDCAD, then I read a post that indicated that OIL FOLLOWS USDCAD.
WHICH IS CORRECT, CAN ANYONE JUST POST ANY BS THEY BELIEVE TO BE TRUE. IF SO, this is a very dangerous site!
Member Since Oct 11, 2013
769 posts
Apr 12, 2016 at 23:22
A bearish bounce on oil WTI from the 200 day EMA may take the commodity to the 40.00 level.
Member Since Oct 11, 2013
769 posts
Apr 27, 2016 at 23:36
It seems like oil is finally going up, but the fundamentals have to keep supporting the rally, otherwise the commodity may fall back down.
Member Since Oct 02, 2014
905 posts
May 01, 2016 at 12:17
Expecting a move down.
Positivity
Member Since Oct 11, 2013
769 posts
May 02, 2016 at 04:53
The 46.00 level is acting as resistance for now on WTI oil. To the downside, the 200 day EMA may act as support.
Member Since Sep 12, 2015
1933 posts
May 05, 2016 at 09:26
One of my students is trading oil and making a killing on it,looking for a move higher.
"They mistook leverage with genius".
Member Since Oct 02, 2014
905 posts
May 07, 2016 at 19:19
Staying out at the moment.
Positivity
May 12, 2016 at 15:49
IEA rapport out, while demand is up by 80.000, overproduction is still 250.000. The expansion of Shaybah oilfield is estimated to increase Saudi production by 250.000 by July (financial times two days ago). I see crude back below 40$ in a month unless some other OPEC countries cut production. Saudi arabia is likely not going to adjust down the production because of the IPO of Saudi Aramco.
Member Since Oct 02, 2014
905 posts
May 17, 2016 at 14:23
7-month high! 49.46!
Positivity
Member Since Sep 12, 2015
1933 posts
May 17, 2016 at 21:38
Keep on moving oil,my student invested 150 now its 2200,pretty good for a newbie!
"They mistook leverage with genius".
