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(346)
down???
1
yes, short term traders panicing over covid 19 cases re emergence in Beijing and Tokyo
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that whole covid thing seems like a media hype. unfortunately people are buying it but if you look at the stats the "new daily cases" are no higher than our last month. I think its just because the world is lifting restrictions so the media is manipulating it for a good story.
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Definite down day today stockpiles increasing again. Traders will be jittery they have to solve this problem.
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The entire world is pushing for normalcy. The CBs, the govs, businesses, vaccine researchers and societies in general. What do u think?
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Yep but with covid likely to stay with us for awhile that normalcy is at least a year away. Going to be a wild swingging eide back up.
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Oil price goes down or ???
1
You guys see a recovery in the upcoming week? A possible bull market correction?
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Lol, didnt need a week should recover 100% by closing. This is hilarious volatility.
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there is an expected drop again around 37.8 so just be careful
keep an eye for covid-19 case numbers coming from US states. It is not looking good. That will surely effect demand and crude oil inventories are already piled up. In this situation no analysis is worth making because of the nature of the beast.
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I think the COVID situation is overblown. Overall US case numbers are down, only states that havent had a serious wave are being affected which will pass. Looks like the bulls are starting their run ahead of next week already.
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yeah seriously I think its the media going with what ever they can get. chasing drama. Its something new every week.
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sell now. but on july
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is it a good time right nw to buy oil
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the chat is broken?
1
So what's everyone thinking? Up? Down? Sideways? think this fed meeting in 8hrs is keeping it down?
More likely to be a bearish day as the news is not good. Covid cases up, record oil storage peak and demand is not rising fast enough. Will wait for a new bottom to buy in - may go as low as $35 over next week at least until the demand side shows signs of recovery.
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hi justin...What do you think how much the rate goes down?
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bullish from here 42 by end of week
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how confident u r that it will reach $42 at the end of the week
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Hi nathan check the rate its 37.22$ how mate its possible to 42$? do you have any reason.Thanks?
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She always bounces back. the long term general direction is still up. if you look at past history after big collapses it always bounces back to $60 to $100 a barrel. Bears only seem to last a day or 2 before bulls regain their confidence and hit a new high.
Hi justin the rate goes 37$ do you still think it goes up on 40.60$ this week?
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Nisar Ahmedyes i believe it will bounce back to $40.60 and wait confirmation for the price ether back to February position or go back down to march position
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March position seems a lot less likely. that took a world crisis to drag it that low.
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20.04.20 WTi US oil, Could you buy or sell at minus the price,
Brokerage house trading at negative prices,
Please, Metatrader do you have a screenshot ? thanks
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The OPEC+ meeting was a hit. Do we expect big rises when the market opens?
Yeah I'm not too fussed, I play with huge stops so if it goes up I can close my deals that have been in red, if it drops I'll put more on at the bottom with the expectation that it'll eventually pass 38
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The Us market will open after Few Hours and according to news the price may be goes down but i wish the price goes up to 38$ tonight.
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will fall too 34.80 today
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surely not!?
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Analysis?
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It's looking more and more likely :(
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Will reach 38.20 today.
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I hope you're right again haha I need you to be
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awan Bro if you are Right you are our boss Sir
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Maybe today is the day we hit 38.20
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thumbs up if you think it'll go up from here ($37.42)
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I guess not :/
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Update says it will recover so price will have to increase i think so
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Yeah she always bounces back. I'm sitting in the red waiting to see the bottom to put more on for the climb back.
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Going hit $40 next stop heading back to where it use to be