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EventsTrader replied Aug 20, 2019We are looking forward to having you back when you free up some time dude! In the meantime, I'm going to remain conservative so that I'm still playing this game for Friday's Jackson Hole. That's when the winner of this week's competition will emerge ...
Metal Competition Zone (Demo)
- EventsTrader replied Aug 20, 2019
That might be specific to your broker. I'm not showing that move on my demo or in the underlying futures contract via TradeStation. Here is the hourly chart of the CME CL:
WTI Crude Oil Trading
- EventsTrader replied Aug 20, 2019
Took a small short position on my demo. Staying out otherwise. Looks like it might be coming back down.
WTI Crude Oil Trading
- EventsTrader commented Aug 20, 2019
The CME front month has been holding steady above that important $1500 handle.
Gold firms above $1,500 as bond yields dip on stimulus hopes
- EventsTrader replied Aug 20, 2019
Unbelievable recovery. It's testing resistance. I'm flat now and lucky I took the little profit I had before giving it all back.
WTI Crude Oil Trading
- EventsTrader replied Aug 20, 2019
Gold right now is holding firm above the $1500 level. CFDs may have shown that gold continued to fall under that level, but keep in mind the underlying (CME GC) has consistently held above $1500, and continues to do so.
Gold RIGHT NOW
- EventsTrader replied Aug 19, 2019
Copper is a tough one to get a grasp on right now. It's been in a very tight range. Although I think the fundamentals don't support higher copper prices, you make a very good argument and I think you're right that we might see some higher prices ...
Copper for everyone
- EventsTrader replied Aug 19, 2019
No doubt. Very interesting take, darko. Solid points.
Platinum: get rich or die trying
- EventsTrader replied Aug 19, 2019
Yes it's bearish. Backwardation means that investors are not putting any premium on the contracts with expiration dates further out. That pretty much means that the market isn't worried about uncertainty in time, more than they are the global ...
Sweet, sweet Oil
- EventsTrader commented Aug 19, 2019
The range from these forecasters is a low of $620 to a high of $1100. They all pretty much agree that we are currently at their 2019 projections right now, around $850 per troy oz. With the large spreads, I can't justify buying platinum over gold ...
Platinum Price Prediction 2019
- EventsTrader commented Aug 19, 2019
The increased supply puts downward pressure on prices. With no corresponding increase in demand, and unless production is decreased, it should remain fairly low.
Natural gas deliveries to U.S. LNG export facilities set a record in July
- EventsTrader replied Aug 19, 2019
Gold is at some pretty important support right now. If it breaks there's some room to go lower. We could see some selling at the SFHE open in 40 minutes. I'm long a small position with a fairly tight stop just in case.
Gold RIGHT NOW
- EventsTrader replied Aug 19, 2019
Yup. I think this is about pricing in the global slowdown more than anything. Here's a look through the September 2020 contract. image
Sweet, sweet Oil
- EventsTrader replied Aug 19, 2019
Crude has had a really good day today on the heels of some global optimism related to trade. There's some pretty strong resistance around the $56.25-$56.50 area. If it breaks that it would be surprising and could mean it's going to test Aug prior ...
WTI Crude Oil Trading
- EventsTrader replied Aug 19, 2019
Count me in this week: Acct: 5428 Trade Explorer: url
Metal Competition Zone (Demo)
- EventsTrader commented Aug 16, 2019
764 oil rigs is up 6 from last week but down from 869 a year ago. Rigs are still expected to continue to decline from now, as they have been since hitting all-time highs last year. Forecasts for idle rigs might be a little more optimistic than what ...
U.S. drillers add oil rigs for first week since June: Baker Hughes
- EventsTrader commented Aug 15, 2019
Yes and they will as long as prices and demand keep dropping. The CEO in the article believes the same. WTI is heading lower. CME Crude has been in backwardation. The Dec contract is trading below the front-month (even lower further out): image
U.S. Oil Industry Has Idled 201 Rigs in 10 Months - Does It Need To Idle More?