davidb31

davidb31 Updated 

Historical data suggests that HoY could land on 14 March, plus or minus a couple of day. I'm hoping for 1990. But of course past performance is not an indication of future performance and all that... davidb31- CEO@The Grand Nagus Unlimited Ltd.😂 10 Rules of Trading: Once you smell their money, requisition it. Once you have their money, never give it back. Never...

davidb31

Last Friday I left a runner over the weekend, et voila! Oil shot up at Asian opening, and they were even madder than I thought. Large profits, still a small compensation for what is to come.

davidb31 Updated 

Another very mixed signal day. I really wish for a downfall, but it's unlikely to be. Same time last year Saudi Arabia made oil avalanche down and now if the want, they can do the same, but no. They plan to use the situation to wipe out the green movement in one fell swoop,

davidb31

First target $112. We're still in a strong uptrend. The WTI contract is testing long-standing range resistance in the 107.68-114.83 zone. Securing a break above this barrier may set the stage for a test above the $120/bbl figure. Neutralizing upward pressure in earnest probably demands retreat back below 95.34, a move breaking the near-term uptrend from early...

davidb31

I was hoping for a plunge, but traders sentiment from my broker points upwards and the relationship with Brent suggests sideways.

davidb31

I was hoping for a plunge, but traders sentiment from my broker points upwards and the relationship with Brent suggests sideways.

davidb31

If oil closes today above 100, except the Russians and some people in the Midleast, we're all shafted, rich or poor, bull or bear...

davidb31

Oil is such a bastard, refusing to close the weekend gap while all other assets did, in rapid fashion. And for the first time in months, the two oils fell out of steps yesterday. Let's see.

davidb31

Retail traders remain heavily long on crude oil as of this writing, and this becomes yet another factor of interest for bearish scenarios. This is accented by the recent shifts in positioning, with retail jumping on the long side of the pair even as this pullback developed off of the $100 handle.

davidb31

davidb31- CEO@The Grand Nagus Unlimited Ltd.😂 10 Rules of Trading: Once you smell their money, requisition it. Once you have their money, never give it back. Never pay more than you have to. Never allow your integrity to stand in the way of opportunity. Their risk is your opportunity. The riskier the trades, the bigger the profits. Opportunity plus instinct...

davidb31 Updated 

Crude oil prices extended higher after Russia launched an attack on Ukraine, raising concerns about supply constraints in an already tight market. Iran nuclear talks and US release of strategic reserves are also in focus. davidb31- CEO@The Grand Nagus Unlimited Ltd.😂 10 Rules of Trading: Once you smell their money, requisition it. Once you have their money,...

davidb31

Unless NATO is drawn into the Russia-Ukraine conflict, there’s good reason to believe that gold prices have hit their high for 2022. Gold price rallies may not have much lasting power in an environment defined by rising real interest rates; the Federal Reserve will start hiking rates in March. davidb31- CEO@The Grand Negus Unlimited Ltd.😂

davidb31 Updated 

Traders' sentiment is pointing towards the downside at the moment: longs have increased so much over the past week while shorts decreased, suggesting that prices may have topped, at least for a little while.

davidb31

Gold will go down hard after 14 March, first to 1780 then 1720 and beyond! davidb31- CEO@The Grand Negus Unlimited Ltd.😂

davidb31

Then might go up to 41600 then down again. Inflation hedge my ass!

davidb31

As in my previous post, today is the down day. We have a bearish pinbar on the htf, signalling a reversal, potentially.

davidb31

There'll be some catch-up between UK, USOIL, so price's going down.

davidb31

WTI has reached all sort of milestones. Will go down for real from here. Hope I'm right otherwise we'll all f*cked.