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biodunola07 commented Apr 14, 2020I am still on the look out for the effect if that cut on WTI because I am yet to see any upward swing in the price of oil since the news hit the market
Saudi energy minister says effective global oil cuts above 19 million bpd
- biodunola07 commented Apr 13, 2020
Before this week runs out I expect WTI price to be around $30+ per barrel . Just my own opinion based upon the latest development but another area of concern is serious decline in demand side which is occasioned by Covid19 pandemic
OPEC+ is looking to cut is 20 Million Barrels a day, not 10 Million
- biodunola07 commented Apr 12, 2020
Oil will.gap up and in no distant time, I would expect WTI hit $32
OPEC and Oil-Producing Nations Agree to Huge Barrel Cut to Boost Crashing Prices
- biodunola07 commented Apr 9, 2020
I depend less on information like this to take trade decision . I look at the chart and take trade decision based on what I see . Most moves would have taken place before analysts come around to give the possible cause
Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support...
- biodunola07 replied Dec 28, 2019
Why has gold refused to react to US- China phase 1 trade deal which has been concluded but only awaiting to be endorsed ? I expect gold to pull back based on this
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- biodunola07 commented Dec 1, 2019
It will surely affect oil , it is only that the effect could be short lived if it turns out not to materialize
Saudis push for longer-lasting OPEC cuts as Aramco IPO approaches - WSJ
- biodunola07 commented Sep 12, 2019
I see all these as human instruments of market manipulations and those parties whose opinions are capable of disrupting the market should learn how to tame their tongue
Senior White House official denies report US considering interim China trade deal
- biodunola07 commented Jun 26, 2019
You have a very good opinion , it is better retail traders trade what they see
Mnuchin: 'We were about 90% of the way' on China trade deal and there's a 'path to complete...
- biodunola07 commented Jun 25, 2019
If the meeting between Trump and Xi come out with positive outlook ( which is less likely), expect a huge correction from gold though that does not change its bullish bias .
China, US agree to resume trade talks in phone call ahead of Xi-Trump G20 meeting
- biodunola07 replied Jun 21, 2019
I rejoice with you and with myself as gold has corrected lower . Let us us watch out for 1380 area to close all trades and then look for a good place to buy . Account correction takes a gradual process. I wish you best of luck mate
Daily Trading Ideas
- biodunola07 replied Jun 20, 2019
If price breaks below 1400.00, there will definitely be a pull back ( correction or retracement ) to 1350 area before another rise . I got affected too on my short trades which were meant to scalp . I am waiting for the correction as well
Daily Trading Ideas
- biodunola07 replied Jun 19, 2019
The likelihood of getting to 1.2700 before the market closes today is remote so there could be a correction of the upward move done today and yesterday before any upward movement can be seen. Beside , it is too early to conclude that the cable bias ...
Cable Update (GBPUSD)
- biodunola07 commented Jun 5, 2019
I will still hold on to my buy of WTI
Oil prices drop as EIA reports a weekly rise of 6.8 million barrels in U.S. crude supplies
- biodunola07 commented Jun 3, 2019
Death cross or no death cross, it is always advisable that a retail trader goes by what he sees on the chart .
Death Cross Forming in GBP/USD
- biodunola07 commented Jan 15, 2019
I will not be surprised seeing GBPUSD come down by more than 100 pips from here . What an opportunity that would be for the bears to close their positions and accept little loss
GBP – How to Trade the Brexit Vote
- biodunola07 commented Jan 15, 2019
I ma doing fairly well in trading but forexing2008 has really made a point , you may not believe it , that doesn't change the truth
U.K. Parliament rejects May's Brexit deal 432-202
- biodunola07 commented Jan 15, 2019
May lost the vote but GBP did not flop but instead got stronger . Market has the final say and not the analyst
Pound Could Flop If May Loses by More Than 100 Votes, Analysts Say
- biodunola07 commented Jan 15, 2019
If you are selling GBPUSD , I will advise you close your position when there is a little pull back and wait for a clear direction later in the week
U.K. Parliament rejects May's Brexit deal 432-202
- biodunola07 commented Jan 15, 2019
Your short position would be in serious loss by now
U.K. Parliament rejects May's Brexit deal 432-202
- biodunola07 commented Jan 15, 2019
I know people will have something to say just to support the bullish run and if it comes down by 150 pips again another story will just be cooked , anyway , it is forex world
U.K. Parliament rejects May's Brexit deal 432-202