Market Outlook

Using basic TA - it's oversold after yesterdays sell off so a bounce is expected

 

Im an absolutely newbie trader, and gotten a bit burned on commodities, and how theyre refusing to stabilize on any sort of price level. Got two positions open in both gas (bought @ 3.239) and heating oil (bought @ 2.95)
Unfortunately, these never rose and instead kept on falling. Do you guys think there'll be ANY improvement in the current situation, or should I close, and just count my loses?

Trading on London ICE, if it helps.

 

NG daily trend is choppy down.
HO daily trend is choppy down/neutral

So they are not in uptrends.

 

"ALL TRADES POSTED ON BLOG.
(such transparency clearly upsets the trolls)"

How does this, and your blog posts for that matter, qualify as " a trade " ?

 

I asked him that some time ago, he got mad had put me on ignore.
Apparently the answer was more than he can bare.

 

Don't be a troll Bone.
You can read can't you ?

Current trades at blog:
USDCHF short 0.9448
USDSEK short 7.0041

And a little 'c' means closed.

Oh dear.

 

You get a gold star for this, or was I supposed to listen to your monthly bearish call and be short?

 

SP500 daily chart reverts to neutral chop.
Xmas Rally Squad have returned so more equity upside expected.

 

neutral and upside at the sametime?

 

SP500 intra day day still bullish and opposite for USDX.
SP500 daily trend remains neutral.