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Nymex

USOIL: Week10Hi Guys, following Trump's tweet at the beginning of Week8, Oil ranged throughout Week9 entering Week10 with a bullish bias due mainly by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall in U.S. drilling activity. This is an arm wrestling US vs OPEC between 57 and 55. Let's do not get involved but just sit by the river and wait. I don't now who is going to win but as sheep my job is to follow. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:USOIL
by cozzamara
Iron ore futures contracts have reached two-year highsIron ore futures contracts have reached two-year highs  driven by a dam collapse at a Vale mine in Brazil. The work of the mine was suspended, which affects the volume of supply in the market. Such an accident is difficult to fix in a short time, and the market agrees. We see it in the prices of long term futures contracts. Since the accident, the rise in the value of futures contracts amounted to From 18% to 24% on the NYMEX From 10% to 15% on Dalian Commodity Exchange in US Dollars
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by atomoxod
Crude is retesting the broken up trend lineCrude broke a year long up trend line earlier this month. It has now tested the bottom of the up trend line several times and looks ripe for drop. Take your loss on a daily candle close back above the trend line . Target the three indicated levels. You can even hold a portion of the trade for the June 2017 low. Follow your stops as the trade moves in your direction. Be sure to size your trade according to your risk parameters. NEVER BET THE FARM! No trade is guaranteed 100% to work. You NEVER know what the market will do. Your first job is to protect your trading account.
NYMEX:CL1!Short
by Tradingstrategyguides
6
Crude Oil Future APR2018 (NYMEX)Trading Signal Short Position (EP) : 62.80 Stop Loss (SL) : 62.85 Take Profit (TP) : 62.35 Description CL1! formed Double Repo Sell at 1h time frame. Trade setup with sell limit at 0.618 level of FR (62.80) and place stop loss after 0.382 level of FR (62.85). Once the position was hit, place take profit before an agreement (62.35) Money Management Money in portfolio : $50,000 Risk Management (2%) : $1,000 Position Sizing 1 Tick value = +-$1000 Commission fee = -$30/contract EP to SL = 0.05 Tick value = -$50/contract Contract size to open = 12 contracts EP to TP = 0.45 tick value = +$450 Expected Result Loss = -$960 Gain = +$5,040 Risk/Reward Ratio = 5.25
NYMEX:CL1!Short
by SuppasitWechprasit
3
Crude Oil APR2018 (NYMEX)Trading Signal Short Position (EP) : 63.05 Stop Loss (SL) : 63.75 Take Profit (TP) : 62.00 Description CL1! have reached day resistance zone and about to go down for correction. Turtle Soup was formed during 4h time frame. Set up sell stop at 63.05 and place take profit (Buy limit) before 0.382 of FR (62.00) Wait for the market price hit entry point then, place stop loss (Buy stop) at high of the candle stick (63.75) Money Management Money in portfolio : $50,000 Risk Management (2%) : $1,000 Position Sizing 1 Tick value = +-$1000 Commission fee = -$30/contract EP to SL = 0.70 Tick value = -$700/contract Contract size to open = 1 contracts EP to TP = 1.05 tick value = +$1,050 Expected Result Loss = -$730 Gain = +$1,020 Risk/Reward Ratio = 1.38
NYMEX:CL1!Short
by SuppasitWechprasit
CRUDE OIL (NYMEX)B&B Pattern. Trade setup with Stop Buy position (EP) at 63.50, Stop Loss (SL) at 62.50 and Take Profit (TP) at 64.30 Money Management I have 17,000 USD in my portfolio. I can lose 10% of the port which is 1700 USD. Position Sizing 1 Tick = $1000 1 Contract size need IM = $2,310 (I can open not more than $17,000 / $2,310 = 7.35 Cons) It is 1 Tick from EP to SL, with 1 Con, I will lose 1 * $1000 = $1,000 To lose 1,700 USD I need to open 1,700 / 1,000 = 1.7 Con Then I will put 1 Contract
NYMEX:CLG2018Long
by SuppasitWechprasit
Short with SL 55.5 Target below 45This is bit of a contra call since fundamental news points to oil moving higher in near term. EW count is self explanatory; also note the RSI divergence. Crude is moving in an expanding wedge and has lacked upside momentum despite positive news flows. If the EW count is correct Crude could move to new lows in 2017 . SL should be breakout from the expanding wedge (currently at ~ 55 and offers lucrative RR); 43 should offer medium term support.
NYMEX:CL1!Short
by TangoTrader22