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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 11, 2011 22:01
108.08 and 106.81 are levels to watch next but we might see a shallow ret back first.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 11, 2011 21:52
Good day's work Gunjack. Tell me, what made you so convinced crude would move down today ? It opened on Sunday right on the cluster of 161.8% ext ret of last swing down and 70.7% ret of the move down to the 09 low but I don't think that was in your sights ?

Right now it is leaning against the daily trend support line from Feb low but I see more downside from the pattern created thus far on 60 min t/f.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Apr 11, 2011 21:44
Gs closed longs WTI today. I have sold my longs in gasoline heating oil and gasoil with nice profit. Last time after GS sold long WTI it continued to drop for months.
Sir Ignore
United States
Posts: 3068
13 years ago
Apr 11, 2011 21:42
good plan Chloe..
Gunjack
UK
Posted Anonymously
13 years ago
Apr 11, 2011 21:12
Covered all my shorts in WTIC @ 109....What a day!!!! +400 ticks cleared...as cuba gooding jr said - show me da moneeeyyyyy!!!!
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 11, 2011 20:53
looking @ $cad..seems to b in a serious down trend..do or die situation..on the daily theres some kind of doji in play with next candle stik looking to comfirm the doji..could be ok r/r with a tight stop in place @9530--long@9550..only observing @ the moment wanna see over the next few hrs if 9550 will keep holdn..plus waiting to see if oil will continue to sell off or if we see a retest of highs 113.25..s&p having hard time gaining 1327 support let alone 1333-45 l;evelsthing could be getting tired leading to a bigger correction:)..but i remain flat except for my eur&gbp short which are in profit with trailn stops in place..i closed out the audusd short @ the high:( but whatever lots of things offering a solid trade:)..part of the new plan is im going back to watchn my usdcad something which made me a lot of $ last yr so need to look @ trading what was working:) gl/gt
Gunjack
London, UK
Posts: 1184
13 years ago
Apr 11, 2011 19:37
Thanks Dave and Qingyu...I am targeting 109 as an exit point...especially if 109.55 does not hold
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 11, 2011 17:48
very well caught Gunjack !
Gunjack
London, UK
Posts: 1184
13 years ago
Apr 11, 2011 17:23
As if by magic...CL re-tests 110 area. Stop moved in to lock in 150 ticks...as charlie sheen would say #WINNING
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 11, 2011 16:46
oil darned sure feels expensive when I fill up my automobile :-) be nice if they removed the 80% tax we pay in uk. US don't know how lucky they are :-)