shorted the pop at 3830
out at 3820
out at 3820
5% - 10% profit per day trading
- Thread starter spanish89
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i think we'll get a pop in crude oil if the indices short cover later today for this horrible down week
closed the 2 legs at different time frame with net loss $200
put in another quick scalp
short 3855
close 3845
up 630 for the day so far.
short 3855
close 3845
up 630 for the day so far.
http://finance.yahoo.com/news/Oil-hovers-near-40-amid-weak-apf-14435158.html
OPEC has pledged to cut 4.2 million barrels a day from production since September, and the group's former president, Algerian Energy and Mines Minister Chakib Khelil, told state media on Sunday that the 13-nation cartel is likely to cut further when it meets on March 15.
The Energy Information Agency reported last week that crude inventories in U.S. storage fell unexpectedly, proof the OPEC cuts are starting to impact supplies, Shum said.
"OPEC production cut are starting to show up in real data rather than just anecdotal evidence," Shum said. "Oil has shown a remarkable resilience considering the bad economic backdrop."
OPEC has pledged to cut 4.2 million barrels a day from production since September, and the group's former president, Algerian Energy and Mines Minister Chakib Khelil, told state media on Sunday that the 13-nation cartel is likely to cut further when it meets on March 15.
The Energy Information Agency reported last week that crude inventories in U.S. storage fell unexpectedly, proof the OPEC cuts are starting to impact supplies, Shum said.
"OPEC production cut are starting to show up in real data rather than just anecdotal evidence," Shum said. "Oil has shown a remarkable resilience considering the bad economic backdrop."
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