After a small rebound observed Powei situation, the downward trend.
Opec to cut or not to cut? * I trade Oil seldomly however this binary position caught my attention.* 1.This trade derives from my view regarding cartels - a view which follows the logic that they only work when the cartel makes an arrangement that is beneficial to all parties, wholly from a profit perspective. 2. Formal action of Reducing output is unlikely...
Market has been narrowing awaiting the OPEC meeting. Trading volume has declined going into tighter trading ranges (red triangle). This is a great example for a symmetric triangle. Breakout direction to be determined. Also, the greater picture shows a slowing uptrend leading into a very long term triangle. Patience is required. My bias would be leading to the...
SBERBANK RUS, SHORT. HALVING THE PRICE IN USD IS THE WAY. SL levels as they drawn. TP as described.
Crude oil to carry on rallying to eliminate previous highs and aim toward 51 - 60, Prices remain more than 20 percent higher than a six-week low hit earlier in August
The IEA Oil Market Report was largely in line with OPEC's assesment yesterday - Non OPEC output was seen falling in 2016 by 900,000 B/D - However, they differed on the 2017 perspective with 2017 expectations from the IEA forecasting a modest growth of 200,000 B/D in 2017. Opec Output however rose to an eight year high up 400,000 B/D in June at 3.21M B/D on the...
simple trade, to take advantage of extreme between the the Brent oil and WTI oil,
The forecast till June 1, 2016. The down movement will be very powerful. The up movement since January 20 - no other than deception. 32$ - is the minimum aim.
It continues to look like it has nowhere to go but down. We'll see.
I hope you are not short oil, because it just broke above a major line. Watch the lines.
There is giant rising wedge forming. This ratio seems to indicate the aggregate perception of the US economy - the higher the better. As you can see in August 2015, there was a huge leg down which was unprecedented in this chart.
false breakdown of the blue trend going down (since June, 2014)
all you see on a graph
$WTI #crude in #AUD . Fractal target double bottom in late April