Nothing stands in the way of a person's will -THE MYSTICS
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Disliked{quote} Given the present reaction of price at this level, I've taken a nibble long. Lets see if we move back to the highs. It appears the 200 day sma has provided dynamic support but a close below the 41.50 level will put me back on the bench. Trade SafeIgnored
Disliked{quote} I will be holding my long but am moving my stop to cover at 46.72. Target remains 52 area. *Patience*Ignored
Disliked{quote} I can't really interpret the report. What does it mean? Oil price up or down?Ignored
Disliked{quote} As always the report is open to market interpretation but: Demand was higher than supply and storage was used: U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.5 million barrels from the previous week. Refineries operated at 93.5% of their operable capacity last week. Supply is under pressure but coping, refineries are busy. If you review this with the past data these data point show stable supply but increasing demand, both number are marginal. The headline number however indicates...Ignored
Disliked{quote} As always the report is open to market interpretation but: Demand was higher than supply and storage was used: U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.5 million barrels from the previous week. Refineries operated at 93.5% of their operable capacity last week. Supply is under pressure but coping, refineries are busy. If you review this with the past data these data point show stable supply but increasing demand, both number are marginal. The headline number however indicates...Ignored
Disliked{quote} Hi JimmyC, still 52 as you expected? 50 is quite hard resistance.. but touched and little above which is actually mark for me that second try will be soon.Ignored
DislikedBrent Oil H1 Interesting PA flirting with 5100 level. Not useful I know but since no one else has intra-day charts I thought I'd share... {image}Ignored