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detector Jun 11, 2019 12:24pm | Post# 1981

{quote} key (rsi) support on H4 SPX {image}
What's your thoughts Li, fall through, hold? seems pretty structured fall on the 5min?

Ll1979 Jun 11, 2019 12:39pm | Post# 1982

{quote} What's your thoughts Li, fall through, hold? seems pretty structured fall on the 5min?
On smaller timeframes it seems beasrish if h4 also turn we might get a reversal after more then 1600 points up that seems healty imho.

Ll1979 Jun 11, 2019 2:21pm | Post# 1983

1 Attachment(s)
Looking for a possible short scalp (3 bar play) on M5/M15
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Ll1979 Jun 11, 2019 2:26pm | Post# 1984

1 Attachment(s)
Looking for a possible short scalp (3 bar play) on M5/M15 {image}
fake breakout on 5M atleast for now
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Ll1979 Jun 11, 2019 2:28pm | Post# 1985

more info on 3 bar play breakouts
have had some successful trades with this strategy and prevented me from some losses

Inserted Video

Ll1979 Jun 11, 2019 4:44pm | Post# 1986

Shorted 53.23 after bad api numbers

Ll1979 Jun 11, 2019 4:45pm | Post# 1987

UNITED STATES API WEEKLY CRUDE OIL STOCK CLIMBED FROM PREVIOUS 3.545M TO 4.85M IN JUNE 7
11 June 2019, 23:43

detector Jun 11, 2019 4:54pm | Post# 1988

more info on 3 bar play breakouts have had some successful trades with this strategy and prevented me from some losses https://www.youtube.com/watch?v=eXO1EXDnCpE
Excellent watch Li, thanks for posting, numbers sent WTI quicker on it's way, D

Ll1979 Jun 11, 2019 4:54pm | Post# 1989

UAE ENERGY MIN MAZROUEI: OPEC+ IS VERY CLOSE TO DEAL ON EXTENSION
11 June 2019, 23:51

UAE energy min Mazrouei is crossing the wires and has said that OPEC+ is very close to deal on an extension.
Key comments:

  1. Not a challenge to reach an agreement.
  2. Meeting is happening at end of June or July .
  3. US output not a threat, pace of growth is issue.
  4. we need all to replace barrels at reasonable pace.


Ll1979 Jun 11, 2019 4:56pm | Post# 1990

{quote} Excellent watch Li, thanks for posting, numbers sent WTI quicker on it's way, D
The big swing will be tomorrow after inventory numbers i guess. Hoping for gap down

Nab time see you guys tomorrow!

detector Jun 11, 2019 5:00pm | Post# 1991

{quote} The big swing will be tomorrow after inventory numbers i guess. Hoping for gap down
If there was ever a chance of big numbers, it's had it, on the verge of war with an oil producing country and the best it could do, hope you get your wish and it goes your way, D

timingchain Jun 11, 2019 8:10pm | Post# 1992

1 Attachment(s)
The WTI median line breached EMA20 and an uptrend line (blue), suggesting more to come. The open for the bar with the arrow is 53.55.
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Ll1979 Jun 12, 2019 12:30am | Post# 1993

The WTI median line breached EMA20 and an uptrend line (blue), suggesting more to come. The open for the bar with the arrow is 53.55. {image}
As always nice chart timingchain!

Ll1979 Jun 12, 2019 12:41am | Post# 1994

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Downwards movement breaking trendline (triangle) on H4

locked some pips
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Ll1979 Jun 12, 2019 1:51am | Post# 1995

OPEC Sec. General Barkindo: OPEC seeks to balance market as uncertainty lingers

In remarks delivered via video link at a conference hosted by RBC Capital Markets in New York late-Tuesday, the OPEC Secretary General Mohammad Barkindo reiterated the OPEC+ pledge to keep the oil markets balanced this year and beyond.
Key Quotes:
“OPEC and its partners will take the current economic bearishness into account when they meet in the coming weeks.”
The organization will be “unyielding” in its efforts to reduce oil inventories back to normal levels and revive investment in the industry, taking an approach that is “agile” and “flexible.”
“There has also been a significant change in market sentiment, in both equity and financial markets” that has worsened many institutions’ outlook for oil demand growth.”
“This will all play into our calculations in the upcoming ministerial meetings.”

sponge Jun 12, 2019 2:14am | Post# 1996

Looking for a turn today, support at 52.07 if broken could change view

Good luck

Ll1979 Jun 12, 2019 3:03am | Post# 1997

WTI drops 2% to test $ 52 mark on trade worries, rising US crude stocks

  1. Sold-off into US-China trade woes-led risk-off, swelling US crude inventories.
  2. Technical set up points to negative bias, as oil prices hold below 200-DMA.
  3. Eyes US EIA crude stocks data and trade developments for the next direction.

The downward spiral in WTI (futures on Nymex) accelerated in early Europe, sending the prices nearly 2% lower to test the 52.00 support zone.
The bears extended control and sold-off the higher-yielding oil amid escalating US-China trade tensions, as markets remain wary over a trade deal likely to be reached when both countries’ leaders meeting later this month at the G20 Summit in Japan.
Moreover, the global demand growth forecast downgrade by the EIA combined with an unexpected rise in the US crude stockpiles also keeps the bearish grip intact around the black gold.
The EIA lowered its 2019 world oil demand growth forecast by 160,000 barrels per day (bpd) to 1.22 million bpd. Meanwhile, the US API data showed that the US crude inventories rose by 4.9 million barrels in the week ended June 7 to 482.8 million barrels when compared with expectations for a decrease of 481,000 barrels.
Further, the barrel of WTI continues to remain below the 200 – SMA on the daily sticks, suggesting that the risks remain exposed to the downside. Markets now await the US EIA weekly crude stockpiles report due to be published later today at 1430 GMT for fresh trading opportunities.


Ll1979 Jun 12, 2019 3:18am | Post# 1998

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Shorted 53.23 after bad api numbers
SL hit out of the trade
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Ll1979 Jun 12, 2019 3:25am | Post# 1999

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{quote} SL hit out of the trade {image}
exit strategy explained

price was above ema21
making a higher low on M5
SL was on top of higher low 5M
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danish07 Jun 12, 2019 8:39am | Post# 2000

todays wednesday, and there will be a report coming out sooner, can anyone pls tell me the time..


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