Jump to content

Brent Crude rally ends, time for the big Bear!


Recommended Posts

As mentioned in my USDCAD post, I am Long Oil off the Fib 76/78% hit and pin bar bounce.  There is obviously still a chance that price will come back and close the daily chart gap and maybe hit the Fib 88% however I feel that either way this market is setting up for a strong rally phase.  If we do see a top out and turn on USD that would serve as additional impetus to an oil rally but isn't necessary.  However if that USD move I am tracking does materialise then the Oil rally could be fast and furious.  Equally USDCAD could be amplified in that eventuality too.Brent-4-hours_250220.thumb.png.98c21bf14e2553d5cd85928daa7fd629.png



  • Like 1
Link to comment
On 06/03/2020 at 12:20, dmedin said:

Oil @ 45 bucks?


I called oil $40 or less on 3rd Feb, now to be bold $72 IN 6 MONTHS and Dow 60000 18 months


On 24/02/2020 at 14:30, dmedin said:

If so then buy it at the bottom :D

may take a few weeks to true bottom,peek a troughs first

On 06/03/2020 at 12:20, dmedin said:

Oil @ 45 bucks?



  • Great! 1
Link to comment
  • 1 year later...

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 19/09/21 01:18
  • Posts

    • @Caseynotesthanks for the reply. How do I know if I am trading at DMA platform or any other.       
    • Hi, all brokers are market makers to some extent. If you are trading on the Direct Market Access (DMA) platform then you are dealing on the exchange through IG but if using any other platform then IG looks to match those trades inhouse matching shorts to longs. Any excess they hedge on the exchange themselves.  So IG aren't taking the other side of your trade, they are covered whether you win or lose and they make on the spread from both parties. If they need to hedge they still win because they get a better spread than what they pass on to you.  
    • Err, I've had all my real vaccines, the ones that completed safety trials, have also had special vaxxes when had to present proof when travelling to a country were there were dangerous diseases present, no problem. But experimental gene therapy that has no medium or long term risk data for a disease that, according to the FDA, has just a 1 in 250,000 risk, and needing to present proof to go to a restaurant or club in my home town - no, this is not about a virus.   Note that the FDA officials that the Biden admin pressured into giving early FDA approval for these vaxxes both resigned. FDA panel just voted 16-3 AGAINST approving the boosters This slide was shown at their meeting.  
  • Create New...