5% - 10% profit per day trading

Status
Not open for further replies.
http://www.google.com/hostednews/afp/article/ALeqM5g2bUWDx0HrH62g6BXZLHiK-AO2OQ

all 4 factors are very bullish for oil, where in most govt. weekly reports 1 + , 1 - and 2 neutral

- crude inventories,
- gasoline inventories,
- gas demand (actual gas used by people)
- stocks at Cushing

----------

4) stocks at Cushing fell by 400,000 barrels

2) that gasoline stocks fell 3.4 million,the market had expected no change.

"It would be premature to say that oil now has turned the corner because the weak economy remains a threat to the oil market but the downward momentum in oil pricing has been broken," Shum said.

---------

Quote from InvestVision:

http://finance.yahoo.com/news/Oil-markets-grow-volatile-apf-14465882.html

1) crude inventories:
The government report also said that crude inventories rose by 700,000 barrels, or 0.2 percent, to 351.3 million barrels. Analysts expected crude stocks would grow by 2.25 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

2) Gasoline inventories :
slipped by 3.4 million barrels, or 1.6 percent, to 215.3 million barrels, which is 7.6 percent below year-ago levels.

3) gas demand ( gas used by people ):
the Energy Department's Energy Information Administration said in its weekly report that gasoline demand was up 1.7 percent for the week ended Feb. 20, compared with the same period last year to an average of 9 million barrels per day.
More...
 
Quote from elitejets:

This is a really strong uptrend and more talk of Opec cuts today.
I'm buying on dips ...
Good Luck however you are trading
Nic
More...

OPEC talk today ? is it guess or planned event ,
can you pls. post link if any
 
Oil rose above $44 a barrel on Thursday after the United Arab Emirates announced deeper cuts in crude supply to Asia for April in a possible signal that OPEC will cut output further at its next meeting in March.

Abu Dhabi National Oil Co, the main oil supplier in the UAE, said it will sell customers less of its flagship Murban crude oil and three other main grades in April than in March.

The move came as a surprise to traders, who had expected the UAE to keep April supply curbs largely unchanged.

U.S. crude for April delivery was up $1.80 at $44.30 a barrel by 1457 GMT, after hitting an intra-day high of $44.39. London Brent crude gained $1.40 to $45.69.

Edward Meir, analyst at MF Global in New York, said the market was expecting further cuts in production by the Organization of the Petroleum Exporting Countries:

"Crude oil prices could work slightly higher from here, (likely in fits and starts), as we approach the OPEC meeting, and as participants begin to discount another likely cut."

"However, even if OPEC was to go ahead with its cut, we have our doubts that prices will move substantially above the $50 mark; that seems to be a fair price for oil right now given the poor macro backdrop," Meir said.
More...

http://www.financialmirror.com/News/Cyprus_and_World_News/14220

short @ 45.19

looking for 50 ticks or more

update: ok i can't stop scalping, took 36 ticks. looking to get in short again.
 
aloha guys nice trading... :)

soz i not posted on here, ive been in teh chatzy room giving out a few calls and chattting to nicole (elitejets) about our analysis.


i only given 1 call today and taht was to sell oil at 45.06 as i saw a hed n shoulders there.



but i see some people got sells in even higher than that. :)
 
Status
Not open for further replies.
Back
Top