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EventsTrader replied Aug 26, 2019If anybody's interested in seeing what might be in store for the API data tomorrow check out the preview here: API inventory data - Aug 27th preview
Sweet, sweet Oil
- EventsTrader replied Aug 26, 2019
API inventory data - Aug 27th preview API Weekly Statistical Bulletin Recent impact on Crude (CL) Aug 20, 2019 image Aug 13, 2019 image Aug 6, 2019 image Jul 30, 2019 image Notes This data has never been one that offers significant trading ...
High Impact Events Trading... Energy Edition
- EventsTrader replied Aug 26, 2019
Same. I'm starting to think a divided Fed might increasingly become the norm. Either way, I don't see any world in which the Fed disappoints a fully priced in rate cut less than two weeks out. Today the market's aligned on the upcoming FOMC meeting: ...
High Impact Events Trading... Gold & Copper
- EventsTrader replied Aug 26, 2019
You might be right, but how do you plan to trade it?
High Impact Events Trading... Gold & Copper
- EventsTrader replied Aug 26, 2019
It was a dud because the core number came in lower while overall was stronger than expected. As always great insight here. Thanks for the preview.
High Impact Events Trading... Gold & Copper
- EventsTrader replied Aug 26, 2019
I share your bearish sentiment (if I read your post correctly). Check out the last four trading days. Heavy selling when it finally occurred.
WTI Crude Oil Trading
- EventsTrader replied Aug 26, 2019
Every time a drop in CL happens, it's accompanied by a spike in volume. There's still heavy selling pressure in Crude. Check it out on the 30M chart:
Sweet, sweet Oil
- EventsTrader commented Aug 26, 2019
Always go with the coins IMO. Be careful with the 0.9999 fine silver coins like the Canadian Maple Leaf. They take a lot of care to keep in mint condition. Check out this thread on this subject: Bullion coins from around the world!
Silver Coins vs Rounds
- EventsTrader replied Aug 26, 2019
Gold right now is holding up at a new support level. Right around $1538 on the CME front-month. That's about where we closed last week. It should be interesting what happens when the SHFE opens. I'm not sure the support will hold, but if it does a ...
Gold RIGHT NOW
- EventsTrader replied Aug 26, 2019
Congrats JayBag! Count me in this week. Acct: 5857 Trade Explorer: url
Metal Competition Zone (Demo)
- EventsTrader replied Aug 22, 2019
I've been noticing pretty low liquidity in crude. I looked it up and noticed a few things worth mentioning. In the past few months, selling has usually been accompanied with higher volume. This week's volume has held below the average daily volume, ...
Sweet, sweet Oil
- EventsTrader commented Aug 22, 2019
Lower oil prices certainly didn't show up in Canada's CPI headline number. But gasoline y/y was reported pretty negative within the report. I suspect the BOC is close to joining in on the shift to rate cut guidance. During the last global slowdown, ...
Canada's Oil Crisis Is Far From Over
- EventsTrader commented Aug 22, 2019
Higher oil will lead to higher demand in shale, which is better for the US economy. With that said, I agree that higher oil prices are net negative for the US economy, especially during slowdowns. Remember 2008? The high oil prices exacerbated the ...
The Anatomy of the Coming Recession
- EventsTrader replied Aug 22, 2019
Crude (CL) continues to trade in a fairly tight range between $55 and $57. I suspect we'll see it break out of the range tomorrow on Powell's statements. Here's a look at how crude (CL) has performed since the weekly open. image
Sweet, sweet Oil
- EventsTrader replied Aug 22, 2019
Gold seems to be holding right now, at this newly formed support level at around the $1507 level. It's still holding above the all-important $1500 level, although today it almost touched when it hit a low of about $1502.
Gold RIGHT NOW
- EventsTrader commented Aug 22, 2019
Natural Gas could be sensitive to any signs of recession in Mexico. They are the most important buyer of natty gas from the US.
Mexico Risks Recession as Second-Quarter GDP May Be Revised Down
- EventsTrader commented Aug 22, 2019
With one of the topics being trade disputes, I wouldn't discount the possibility of statements coming out with market moving potential.
G7 to Deliver a Nothing Burger
- EventsTrader replied Aug 21, 2019
Great thread here. Subscribed! Yessir! I'm looking for shorting opportunities. Prices haven't been this low since 2016. Until I start hearing that winter will be early or colder than usual, I think downward price pressures persist. Check out the ...
Natural gas trading