The crude oil has stuck in a small range for a couple of weeks, but especially in the last 8-9 days. As the Crude oil invetories shows no clear signs in June, same as in May, it’s impossible to predict the possible move based on that data, but the price is still in the hands of the bulls. I wroteRead more
Category Archives: Technical analysis and trading
Crude Oil is on the 6 day winning streak, reaching $24.44 for now as today’s highest level. After the slam of bellow zero, when the price reached a historical low of minus $37.00 per barel (May contract), the Oil has recovered and returned to decent and normal levels. As I wrote allready, my broker VantageFX has decided to made anRead more
EUR/USD long term analysis. Take a look at where all the bears are hidden and where the bulls are waiting.
Last time I analyzed EUR/USD in January 2019. Maybe that’s strange, but if you take a look at that analysis, you will realize why. Very rarely, or better to say almost never in the last year and a half I traded the major currency pair. I sow then how this could become the most boring pair to follow, to analyseRead more
Five hours before a collapse with WTI Crude Oil May futures I wrote an article in which I have warned about a strange development with Oil prices. In that moment, the WTI Crude Oil (May contract) were at aprox $16.00 and 5 hours latter the price fell for 330% to minus $37.00. A historical moment that’s for sure, as theRead more
If you are an amateur retail trader you’ve probably don’t know what in the hell is happening with Oil prices recently (I am not talking about the fall) and that’s not strange. We experienced traders are also confused, searching for the proper explanations. To be honest, I found a couple of good ones, but I can honestly say that IRead more
Yesterday the gold price reached the highest levels since beginning of December 2012. with high at 1747.45. The current crisis with COVID 19 boosted the precious metal more and more week by week, but with huge declines in March. That’s how the precious metal fell in the middle of the March from 1703 to 1450 in hard selloff. The reasonRead more
crude oil inventory build reached 19.248 million vs 12.7 million estimate. It was the largest weekly build on record. The private API data showed a build of 13.143M barrels gasoline inventories showed a build of 4.914M distillates showed a build of 6.28M Cushing OK crude oil build 5.724M vs 6.417M last week Gasoline demand remains depressed at 5836.4 (vs 5834.0) Crude oil demand 15.320M vsRead more
The biggest Oil cut in history is made, but the price isn’t reacted positive for now. Here’s my view of the possible move if $20 holds. CANCELED and updated on APril 15.
OPEC+ made a historic agreement and finalized plans on Sunday to steeply cut oil production by a combined 9.7 million barrels per day. Also, the U.S. additional cuts are expected from producers outside the OPEC+ group, which means how they expected total global oil cuts to amount to more than 20 million bpd, or 20 percent of global supply, effectiveRead more
Crude prices jumped today after President Trump said he expected Saudi Arabia and Russia would agree to new oil-production cuts. CNBC’s Joe Kernan says he just received a call from the President and he told him that he expects the Saudis and Russians to announce a production cut of 10-15 million barrels per day. That would be around half ofRead more
Retail traders, have you noticed spread on gold recently? Sure you are, I’ve noticed in one moment more then 80 (800 gold) pips, but in the last couple of days, the biggest spread in my broker were 40 (400 gold) pips. What’s going on now when everything was normal for weeks, even when the price was moving intraday up/down forRead more
Acording to statistics, more then 90% of retail forex trades are losing money. There is only one reason behind, all of them wanted to make money, big. When I say big, I mean at the big percentage on the invested capital. The biggest problem in their effort was that they couldn’t handle the risk and loss. We all know thatRead more
In my previous two posts I have showed a large gain with high risk involved with my FXtreme Aggressive trading, but in this one I will show you how sometimes I can do it with low risk such as 20% in total. With RR ratio at the end of 1:6 this single trade made more than 120% profit . Unfortunately, itRead more
Furder to my article from yesterday about 100% gain in just two days, I would like to present one more trading in which I made almost 200% in just 12 days. This trading were just before I traded the previous presented one, in March/April 2019. I don’t have a specific trades to show like in my previous post as inRead more