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  1. I

    USO Roll

    closed all MAY/JUNE spreads around 1.07 , all in cash now , it feels great relief after seeing this spread at 68 cents yesterday . I wait in cash for good entry again for MAY/JUNE spread around 95 cents
  2. I

    5% - 10% profit per day trading

    oil showed weakness around 48.0 I am waiting for shorting around 47.90
  3. I

    USO Roll

    now spread MAY/JUNE is trading higher than APR/MAY I am planning to sell MAY/JUNE ( previously bought around 1.00 ) for 1.07 , any advise.
  4. I

    5% - 10% profit per day trading

    http://biz.yahoo.com/ap/090310/oil_prices.html On Monday, Kuwaiti Supreme Petroleum Council member Moussa Marafi told the Kuwait News Agency that an OPEC production cut of a million barrels a day would raise prices to over $50 a barrel by the third quarter of 2009. Marafi said OPEC...
  5. I

    5% - 10% profit per day trading

    http://www.msnbc.msn.com/id/12400801/ Investors gear up for the potential of more OPEC production cuts 1) Some analysts expect OPEC to announce a cut of at least 500,000 barrels a day, though the group's biggest producer, Saudi Arabia, hasn't yet commented on the possibility of further...
  6. I

    5% - 10% profit per day trading

    yes, planning to close around 917.50 for flat
  7. I

    5% - 10% profit per day trading

    target around 923 by the way on oil I took the short at 46.90 went thru all the spike and finally closed at 47.0
  8. I

    USO Roll

    sorry to hear that. I am not saying I said so , I am partly lucky and partly intutive. I had this feeling MAY/JUNE spread is more safer than APR/MAY spread for last one week with this OPEC cut anxiety, and mentioned same in the 5 th post on this page. I traded APR/MAY spread in...
  9. I

    5% - 10% profit per day trading

    bought gold @ 916
  10. I

    5% - 10% profit per day trading

    so earlier OPEC estimate is 580,000 bpd fall in demand 2009 - new estimate ( fall in demand in 2009 )they are coming up with is 1.5 million bpd ( 1 million more ) so their own estimate of fall in demand is 1.5 million barrels per day (bpd) , for that they implemented 4.5 million bpd...
  11. I

    5% - 10% profit per day trading

    OPEC to make sharp cut in oil demand forecast ------------------ http://www.reuters.com/article/reutersComService_3_MOLT/idUSTRE52813S20090309 DOHA (Reuters) - OPEC will cut its 2009 oil demand forecast this week, the group's secretary general said on Monday, a move that may lend...
  12. I

    5% - 10% profit per day trading

    closed 46.20
  13. I

    5% - 10% profit per day trading

    fresh new shorts 46.60
  14. I

    5% - 10% profit per day trading

    welcome , with out you and @elitejets it is all quite here :-)
  15. I

    5% - 10% profit per day trading

    http://biz.yahoo.com/ap/090309/oil_prices.html "Oil is rallying primary due to the speculation that OPEC will cut production," said Victor Shum, an energy analyst with consultancy Purvin & Gertz in Singapore. "The market in the last week or two has paid more attention to supply because the...
  16. I

    5% - 10% profit per day trading

    next short looking at 44.65 , again this is temporary before newyork market open from today's oil price action i am inferring one thing. - this OPEC half countries are FOR cut and half are against the cut is all DRAMA. they wanted to do the cut , but wanted to show the world half the...
  17. I

    5% - 10% profit per day trading

    after averaging to 46.25 , closed for flat
  18. I

    5% - 10% profit per day trading

    shorted 46.07
  19. I

    USO Roll

    Just to add my introduction , I am individual trader , I trade Nymex CL contracts and calender spreads and I am based in US California. currently I have load of LONG "JUNE buy /MAY sell " calender spread , my avg. price is at $0.95 and I am expecting this to trade around 1.50 on...
  20. I

    USO Roll

    thanks, got it, which software are using to plot the spread ( the graph shown )
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