OPEC+ reaches deal to cut oil production: Delegate

OPEC+ reaches deal to cut oil production: Delegate

OPEC+ REACHES DEAL TO CUT OIL PRODUCTION: DELEGATE#OOTT
— *Walter Bloomberg (@DeItaone) April 12, 2020

Added at 12:40pm

OPEC+ VOTING ON DEAL TO CUT OUTPUT BY 9.7 MLN BPD AS IT SEEKS COMPROMISE WITH MEXICO - TWO SOURCES#OOTT
— *Walter Bloomberg (@DeItaone) April 12, 2020

Added at 12:44pm

#OOTT | #OPEC+ AGREES TO CUT #OIL OUTPUT 9.7M BARRELS A DAY: DELEGATES - BBG
*OPEC+ DEAL SEES MEXICO CUT 100,000 BARRELS A DAY: DELEGATES pic.twitter.com/sPOhr1bIF2
— Christophe Barraud (@C_Barraud) April 12, 2020

Added at 12:46pm

There are talks of a 3.2 million bpd cut from G20 states outside the opec plus group - sources #OOTT
— Amena Bakr (@Amena__Bakr) April 12, 2020

Added at 12:48pm

OPEC+ AGREES OIL OUTPUT CUTS OF 9.7 MLN BPD FOR MAY-JUNE AFTER COMPROMISE WITH MEXICO - SOURCES#OOTT
— *Walter Bloomberg (@DeItaone) April 12, 2020

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Tony112

Apr 12, 2020 5:12pm

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In my life I have been frauded by the opec delegates thousands of times. Always do the opposite

Tony112

Apr 12, 2020 5:09pm

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The market didn’t buy this big load of a truck of

Trader#13FD

Apr 12, 2020 1:45pm

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A Happy Easter Sunday to everyone,
At the end of the day, you need to learn how to analyze the market and use your charts and "Price Action" to decide how to trade every week.
You must take responsibility for the management of your capital. Our number one job is to protect our capital and only take "High Probability" trades that can Reward you two or more multiples of the risk you take.
If you look at the Daily chart for OIL, you will see that the market is in a Bullish reversal heading up to close the Gap at $35.00, which happens to be the Daily D extension.
Buy Oil at today's price of $23.17
Place Stop at $19.20
Target $ 35.00
Have a great week
PS: If you learn how to trade the technical setups, you will eventually become a profitable trader.
Trading is a ZERO SUM game. The educated traders take the money from the uneducated traders.

Not-KPMG

Apr 12, 2020 5:36pm

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You haven't lived until you've seen this

https://brrr.money

Try it until you get the music too

I'm dying laughing

Soooo let's see if that props the miserable economy ... I say not. Down

UKBanter

Apr 13, 2020 9:29am

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Quoting Not-KPMG

Disliked

{quote} Good joke. I envy your endless optimism Why 100 oil?? Why not 5000 dollars?? LOL

Ignored

End of my nightshift this morning on my own (in a PRINT WORKS BELIEVE IT OR NOT) Clicked the meme just hilarious that really cheered me up! Im still giggling. I'm such a child.

lakhan

Apr 13, 2020 7:09am

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Quoting Not-KPMG

Disliked

{quote} Good joke. I envy your endless optimism Why 100 oil?? Why not 5000 dollars?? LOL

Ignored

I’d love to see oil at 10$ and SPY 150 and my pension -50% but this is the FED/Trump/KSA . They’ll do whatever it takes to prop this bubble into the stratosphere so I’m joining on the ride. 5000$ Oil would be fantastic on my calls xx

Tony112

Apr 12, 2020 12:43pm

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Opex, as displayed in many old astrological books, is an extinct dinosaur

Tony112

Apr 12, 2020 5:01pm

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Hahahhahahahha that lifted like 40 pips

Tony112

Apr 12, 2020 5:04pm

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Hahahahahhahahhahahhaha oil went negative 🐿🐿

Larseg

Apr 12, 2020 2:56pm

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The total cut between opec plus and the G20 and buying from the IEA will be 19-20 million bpd- sources #OOTT Twitter

4for4

Apr 12, 2020 10:27pm

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Sell Oil @ current price —> 28.37 / 19.24 ...

4for4

Apr 15, 2020 4:05am

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Quoting 4for4

Disliked

Sell Oil @ current price —> 28.37 / 19.24 ...

Ignored

TP was reached on 15-Apr-2020 ...

Hetal.Mehta

Apr 12, 2020 2:11pm

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Quoting mga35

Disliked

Any thoughts on the effects of the production cut on s&p500 futures might be?

Ignored

My guess is right away the markets might open flat to high. But all that means nothing it is going to come down at some point.

Erebus

Apr 12, 2020 2:55pm

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this will be a real test of supply and demand economics if not the ultimate test

can they control the price simply by restricting the supply?

worked for Saudi back in 1974 when they were the only crack dealer in town

now many countries will sell at any price, many countries are self sufficient now

or do traders control the price with their technicals as they were accused of when it went to $100?

sit back and watch the show and most of all, watch the PRICE

Tony112

Apr 12, 2020 5:03pm

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What a bunch of clowns

spent the whole Easter week-end to blabblabla about some useless stuff and couldn’t bring oil up half-a-dollar hahahahhahah OPEX

Not-KPMG

Apr 12, 2020 5:46pm

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Old news chat:

Quoting sadeghi

Disliked

{quote} when there was the oil war between Russia and Saudi WTI had formed a bottom at 20$.... !! it doesn't make any sense to me. anyway, we'd better wait and see.

Ignored

Bla bla

Noone cares what it WAS.😳😳

We care what misery is TODAY.👎

Noooo demand...

Nooo storage space....

Soooo??
8 - 11 dollars a barrel here we come!!

What's your argument??

Not-KPMG

Apr 12, 2020 5:53pm

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Quoting Tony112

Disliked

Hahahaahahhahahhaha oil went negative 🐿🐿:. e:

Ignored

No Tony. Not yet

You mean oil is red.

Negative.... Someday....

Of course red. My post above...

And sentiment is RETAIL Sheep 88% long

Now YOU aaaaallll traders tell me which way the price will be driven by liars banksters??

I don't know 👎 😂😉🙄
Mystery. LOL

Not-KPMG

Apr 12, 2020 5:56pm

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Here's a hint for the above mystery

Attached Image

Not-KPMG

Apr 12, 2020 7:09pm

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Quoting louisfx

Disliked

{quote} I totally disagree with your oil price.Bro oil is going up.Demand will soon come after lockdown.

Ignored

Yours is not definite forecast bro?

WHEN??? 3 Months???

Let's say oil about 27 today.....

I say going towards 11.

Boy up there said towards 35...? .

What you guys say???

Not-KPMG

Apr 12, 2020 7:13pm

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Quoting lakhan

Disliked

FED printing to infinity and now these Oil cuts which mean nothing to the market means bullish .
100$ oil next year . Get on those LEAPS

Ignored

Good joke.

I envy your endless optimism

Why 100 oil?? Why not 5000 dollars??

LOL

Not-KPMG

Apr 13, 2020 8:00am

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Quoting sadeghi

Disliked

{quote} ypu don't know how to speak yet sadly, before leraning how to trade you.... Blaaa.... you cant speak politely.

Ignored

LOL

Bubula, i don't need to speak full sentences for people like you. It's useless

And i don't trade oil trash.

And you can cry and whine all day about Chart Chaaaart....

🙉🙉

Money move the price, not some Chaaart. And money , like demand , like retail sheep says DOWN 😨😭😭

Not-KPMG

Apr 13, 2020 8:04am — Edited

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Quoting sadeghi

Disliked

{quote} ypu don't know how to speak yet sadly, before... y.

Ignored

LOL

Bubula, i don't want to speak with you.... after all this disrespect

Just like I didn't need to speak to your mommy.... She's fine woman 👏. ... and you bite me like this ??? Noooot good

Not-KPMG

Apr 13, 2020 8:07am

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Quoting Onewaytrader

Disliked

I wonder what kind of stop hunt they do when London opens

Ignored

London does THE BEST stop hunt.

The best ratings cut

The best fake news...print money...

Not-KPMG

Oct 18, 2020 2:03pm

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Quoting louisfx

Disliked

{quote} I totally disagree with your oil price.Bro oil is going up.Demand will soon come after lockdown.

Ignored

Wasn't oil negative

louisfx

Apr 12, 2020 6:01pm

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Quoting Not-KPMG

Disliked

Old news chat: {quote} Bla bla Noone cares what it WAS. We care what misery is TODAY. Noooo demand... Nooo storage space.... Soooo?? 8 - 11 dollars a barrel here we come!! What's your argument??

Ignored

I totally disagree with your oil price.Bro oil is going up.Demand will soon come after lockdown.

sadeghi

Apr 12, 2020 3:11pm

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Quoting mga35

Disliked

Any thoughts on the effects of the production cut on s&p500 futures might be?

Ignored

I t has a positive effect on it. Dow and S$P500 will go up on monday. daily chart for two both are bullish.

sadeghi

Apr 13, 2020 2:19am

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Quoting Not-KPMG

Disliked

Old news chat: {quote} Bla bla Noone cares what it WAS. We care what misery is TODAY. Noooo demand... Nooo storage space.... Soooo?? 8 - 11 dollars a barrel here we come!! What's your argument??

Ignored

it's currently 29$

sadeghi

Apr 13, 2020 2:30am

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Quoting Not-KPMG

Disliked

Old news chat: {quote} Bla bla Noone cares what it WAS. We care what misery is TODAY. Noooo demand... Nooo storage space.... Soooo?? 8 - 11 dollars a barrel here we come!! What's your argument??

Ignored

ypu don't know how to speak yet sadly, before leraning how to trade you should go to some classes to learn how to speak.
look at your chart stupid man, it opened at 29 and went to 30. as i predicted before, go away if you cant speak politely.

sadeghi

Apr 13, 2020 2:51am

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Quoting Tony112

Disliked

Hahahahahhahahhahahhaha oil went negative 🐿🐿

Ignored

man look at june contract not may contract, it went to 30$, the most traders i met were like you, they fixed may contract price and raised june contract price, go check it,

mubinirl

Apr 12, 2020 3:05pm

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Quoting mubinirl

Disliked

Markets have to go up & down for MM's to make money. News are just a trigger to show people that the moves are not manipulated. A deal on oil is imminent!

Ignored

This was 6 hours before this news had broken..

biodunola07

Apr 15, 2020 2:17am

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The expected effect seems not to have started because of the of the crippled demand for oil.as a result of lock down arising nfrom coronavirus pandemic but be sure that oil will go up . It is just a question of time.

frontier

Apr 12, 2020 1:10pm

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Quoting Mr.Kebab

Disliked

So many experts, which one should i listen to

Ignored

Always listen to yourself.

Kabod

Apr 12, 2020 3:28pm

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My thought
1. Buy oil
2. Buy cad
3. Sell jpy
4. Sell xau

sniper619

Apr 12, 2020 5:04pm

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Quoting sniper619

Disliked

As expected, minimal impact.

Ignored

Thank you.

Onewaytrader

Apr 13, 2020 1:51am

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I wonder what kind of stop hunt they do when London opens

Not-KPMG

Apr 12, 2020 12:42pm

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Sooo???

Who cares???

It's still going down

The Fool

Apr 12, 2020 12:43pm

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Gas prices where I am never went down much....

Tony112

Apr 12, 2020 1:14pm

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Attached Image (click to enlarge)

Click to Enlarge

Name: 20F79370-A1D5-4FBB-9782-2353B77CC4A7.jpeg
Size: 1.6 MB

The Fool

Apr 12, 2020 4:30pm

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Quoting Guest

Disliked

A Happy Easter Sunday to everyone, At the end of the day,...

Ignored

...allowing asshole "guests" to comment on this forum is one of the worst things about FF.

Ghass1234

Apr 12, 2020 9:16pm

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oil will go up because it is the big boys that are managing it now . Russia and Saudis and USA want it up ,then up .
This corona virus will not last for ever . people are getting sick of this lockdown .and people wants to get back to work . social distancing will be repected and that it . who lives lives and Who dies dies . you cannotlock down the globe . this is madness .

mohsinali

Apr 12, 2020 3:32pm

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It's upon BIG BOYS....just follow...tc.

eqshack

Apr 12, 2020 2:20pm

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oil gap up because pre usdcad is down

afevir

Apr 12, 2020 2:30pm — Edited

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that will be what anticipates the drop in stocks US market, which with 16 million US claimants, not reflected in the market this week because the downtrend was only making a correction despite it

Apr 12, 2020 12:58pm

17$ wti

Apr 12, 2020 1:36pm

filled up for $1.49USD/GAL $.99 would be sweet! and would sure increase the burning of oil and rubber

fxx360

Apr 12, 2020 12:48pm

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Down goes oil!
9.7 mb is just a drop in the bucket

sadeghi

Apr 12, 2020 3:06pm

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oil sellers' accounts will be awful after opening!!! good for buyers.
it will open above 27 and simply keep going up to 31 and perhaps 35.

sadeghi

Apr 12, 2020 3:12pm

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Quoting Guest

Disliked

How it will affect usdcad??

Ignored

based on daily chart it will fall 1.37 and then perhaps 1.36

sadeghi

Apr 13, 2020 2:22am

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what are they doing?!!! they fixed may contract price but raised june contract price

it was interesting, the most traders are still following may contract and say why it didn't react!!!

mga35

Apr 12, 2020 2:02pm

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Any thoughts on the effects of the production cut on s&p500 futures might be?

mga35

Apr 12, 2020 4:12pm

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I am not expecting a big gap, let's see !!

Apr 12, 2020 5:03pm

HAHAHAH my ass 40 XD

Apr 12, 2020 5:23pm

Hahaha perfect crap trap.

lakhan

Apr 12, 2020 4:47pm

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FED printing to infinity and now these Oil cuts which mean nothing to the market means bullish . 100$ oil next year . Get on those LEAPS

frontier

Apr 12, 2020 1:04pm

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Great news, all we want is expensive petrol.

xau

Apr 12, 2020 1:00pm

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euro up?

Trader#C780

Apr 12, 2020 12:50pm

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Expected gap?
28 or 31?

Mr.Kebab

Apr 12, 2020 2:30pm

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Quoting Hetal.Mehta

Disliked

{quote} My guess is right away the markets might open flat to high. But all that means nothing it is going to come down at some point.

Ignored

Means you can take profit and re-enter trade

Hetal.Mehta

Apr 12, 2020 2:37pm

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Quoting Mr.Kebab

Disliked

{quote} Means you can take profit and re-enter trade

Ignored

Got in short on Friday. Let's see how that goes. :-)

Hetal.Mehta

Apr 12, 2020 3:35pm

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Quoting Micc23

Disliked

After reading all of the analysis here, I have decided that OIL will either go Up or Down.

Ignored

LOL... let me go long or short

RealForexMM

Apr 12, 2020 12:45pm

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Gap Up ...should open at 28++......

RealForexMM

Apr 12, 2020 12:56pm

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Quoting Guest

Disliked

Expected gap? 28 or 31?

Ignored

should open above 27++

Mr.Kebab

Apr 12, 2020 1:07pm

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So many experts, which one should i listen to

sniper619

Apr 12, 2020 1:27pm

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As expected, minimal impact.

Apr 12, 2020 1:35pm

expected 30+ open

Apr 12, 2020 1:37pm

Quoting ahmad333

Disliked

expected 30+ open

Ignored

Who told you that ?

Trader#14DD

Apr 12, 2020 1:51pm

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There is no $23.17 price now

clockwork71

Apr 12, 2020 2:31pm

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The cut is much less than what people were looking for. 20 mil was the anticipated figure.

ashar7

Apr 12, 2020 3:07pm

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Gap expecting Around 28-30+

Micc23

Apr 12, 2020 3:31pm

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After reading all of the analysis here, I have decided that OIL will either go Up or Down.

Onewaytrader

Apr 12, 2020 3:40pm

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41.76 That is that target for the coming week. Why? The fundamental and the technical are in agreement. Technically look at the weekly chart of USoil it is has been retracing up.