Jump to content

Newbie to oil and sources of information needed


RAPTORFX

Recommended Posts

Hi,

I am one of the unfortunate to go long on oil in the middle of the OPEC+ row and the start of the COVID pandemic. Needles to say I paid some university fees and, to honest, still paying those fees.

It has become better. Looking at some candle patterns I managed to trade myself out of most of my loses. However. Last week I took my biggest knock. I was long for a period of time with about 6x0.25 contract at various entry levels. The market turned. I saw some good trend reversal patterns just fly buy. Nothing stopped the trend. Its clear that patterns work but at this moment, sentiment seems to drive. And I have to say, the sentiment is mostly nonsensical. Up trend on possibility of vaccine then a reversal because it didnt work out but when the pandemic seems to come back the price still rises. Man, loony bin seems to be in the near future.

I like a challenge which is exactly why I haven't nursed my wounds and left this behind:-)

Digging I have found very little sources of information to supplement my technical analysis. I was wondering if there is anyone out there that could help me with some places where i can get key metrics that are as current as possible. I am using ForexFactory for the basics like housing stats etc and also looking at the EIA at their belated news on stocks etc. Good for Brent not so much for Crude. What i am looking for is a good feed (like a Twitter handle), a good source of data for purchases (man i wish there is something like Forex purchases where you can see up to date purchases) and also stockpile data for countries around the world as current as possible.

Please can you help?

Thanks

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Yes I agree Guru, giving current examples is a good way of doing it! I have been trading for over 20 years and in the last 11 years I found myself mainly trading DAX (Germany) 40, because it is the easiest and most profitable. Which market do you find easiest to trade, Guru? Does anybody else find DAX easier to trade than other markets?  I am interested in hearing other traders' experiences.
    • Source: Coingecko  Source link: https://www.coingecko.com/research/publications/2024-q1-crypto-report The cryptocurrency sector has experienced significant growth in 2024, driven by events like Lugano city's acceptance of crypto payments and the approval of the Bitcoin spot ETF. The industry's market cap reached a record high of $2.9 trillion, with $1.1 trillion added in Q1 alone. Bitcoin surged to a new peak of $73k, surpassing its previous ATH of $68k. Top centralized exchanges like Binance, Bitget, OKX, and Bybit saw substantial growth, with Bitget particularly excelling in derivative trading. Bitget's open interest exceeded OKX's and ranked closely behind Binance and Bybit. Spot trading volume surged from $29B in January to $95B in March, elevating Bitget to the top 7 spot in the spot market and maintaining the 4th position in the derivative market among major centralized exchanges. While other exchanges also witnessed significant growth, Bitget's standout performance has made it the focal point of industry attention. What are your impressions of these findings?
    • DogeDay always brings back memories of 2019 when my friends were diving into Dogecoin and joining farming activities. That's why I'm excited to explore the Bitget DogeDay giveaway event. Plus, with tomorrow's BTC halving, the excitement is doubled!
×
×
  • Create New...
us