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- brr001 replied Dec 4, 2018
This article explains the whole thing whats going on in the oil market. url basically, a trade truce between China and US will increase the utilization capacity for LNG, hence, the demand for LNG will increase. On the other hand, Qatar quits Opec, ...
- brr001 replied Dec 3, 2018
Asia shares fall as lift from US-China trade truce ends.. SHANGHAI (Reuters) - Asian shares fell on Tuesday as a relief rally petered out amid rising doubts over whether China and the United States will be able to resolve trade differences. url
- brr001 replied Dec 3, 2018
interesting read: US and China already disagree on their landmark trade deal url Lets close the gap today ...
- brr001 replied Dec 3, 2018
Should the role of OPEC be marginalized due to exiting of Qatar and the dilemma that exist between Saudi and Trump, there is a big risk of Opec meeting to be a non-event and no decision to be reached....I dont have much hope on the Opec meeting... ...
- brr001 replied Dec 3, 2018
There is a disagreement between two ministers of Russia and Saudi, Russian Minister is only committing unto 150K b/d cut, which is not enough, and Qatar is out...so, its a bit messy now...
- brr001 replied Dec 3, 2018
Oil seems like getting effected by the news of Qatar quitting OPEC, and the stock markets are giving up on Trump deals..... scary
- brr001 replied Dec 3, 2018
Iranian Ship news came on Saturday, it was just an added Bonus
- brr001 replied Dec 3, 2018
I had a little bit of information that Saudis are eager to Cut Supply, and Russians too, therefore, I bought towards the end of the Friday session., main source of news is url ... Its not pure luck...
- brr001 replied Dec 3, 2018
Nope, I went long when retailers start dumping oil on late Friday prior to closing, thats when institutions start to accumulate at the low of the day... I was expecting it to bounce back a little, but it went up much more... Great trade...Cash in ...
- brr001 replied Dec 2, 2018
As I said earlier, this has a tendency to go up $10 in two days... However, I wish I can stay put, but I am too greedy, taking all my profit out, and watch, but will not short now....
- brr001 replied Dec 2, 2018
woooooow....... What a Gap up, 52.30 !!!!! I had 50 lots open long over the weekend... Just closed my huge juicy profit.... ...
- brr001 replied Dec 2, 2018
lol I agree... I use my own mathematical algorithm ... cant trade without it....mostly, I try to understand the fundamentals, and then my algorithm will tell me the right deviation in the right time, and tell me what exactly the market is doing, and ...
- brr001 replied Dec 2, 2018
I agree with you, currencies you should combine the fundamentals and technicals together... great combination...
- brr001 replied Dec 2, 2018
oil pre market, climbed to 50.93 still more time to wait, this could change, too early to tell
- brr001 replied Dec 2, 2018
DIdn't you guys realize that OilPrice.com did not cover anything about G20 meeting.... are they always like that, if that is the case, their news is lagging behind, and it could jeopardize your trades... maybe they are good in assessing the depth of ...
- brr001 replied Dec 1, 2018
i know this threat is old , talk is cheap , but if the threat is backed by home made enormous stealth fighter warship getting launched , the threat has got some merit now .. you can’t just discount this event as if it’s a non event .. what if Iran ...
- brr001 replied Dec 1, 2018
Senior Iranian officials have said that if Iran is not allowed to export then no other countries will be allowed to export oil through the Strait of Hormuz at the mouth of the Gulf.
- brr001 replied Dec 1, 2018
Other countries covered the gap of Iran oil, but what if Iran stops other countries from exporting the oil , they will put that stealth destroyer ship right at the straight of Hormuz where 1/3 of oil goes through
- brr001 replied Dec 1, 2018
Guys , what do you think about that news today on Iran, what will happen if Iran tried to stop oil tankers from the gulf to export ????
- brr001 replied Dec 1, 2018
Iran today launched stealth warship in the Persian gulf to stop other countries from exporting oil