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my thoughts for today, still sticking to Friday's strategy. Remaining in sell still, TP at $72.40...My Buy @72.10, no expert just trying to make some bucks...https://invst.ly/78u29
Hello everyone, No active trading for me today....so set pre-order for LP at 73.30 SL 72.40 and TP: 74.80...Please don't follow my intraday strategy unless it matches with your own analysis and risk capabilities...Good luck
Yield on US Gov. Bonds is reaching 3%, what leads to stronger dollar and indicates upcoming potential recession in US economy. Sronger dollar is not good for oil prices.
The yield is rising because of a falling dollar. You got it backwards. The yield on treasuries is based on demand for them. So higher demand=lower yield. Lower demand=higher yield.
Tor Gunnar,
Found your Daily Play strategy very useful. Would appreciate very much if you could always share with us.
Understand is for reference only. Players take their own risk. Thank you.
Mr. Trump: " I will sanction Iran" , "I want a cheaper dollar" and now "Oil is too expensive".. Ha Ha Haaaaaaaaaaaaaaaaaa, who is talking? Jekyl or Hyde?
What about, after few days, market regained bullish mood and come out a tweet : Oil is too high price, we still will sanction Iran but NOT its crude oil!
Then how the market reponse and you are in a heavy LP position....
Steven- it is very unlikely. Basically trump wants a high oil. He wants to be seen as the cool guys toward the rednecks stipulating high price is due to opec not me.
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