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Posts by "usman"
3 Posts by member
Usman
(Lahore, Pakistan)
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
@Asad
We have not only broken but also settled above $80. Please see the charts. I agree with you that fair value of oil is lower but we are day traders and swing traders and not investors. At least for me, what matters is day to day trend and weekly trends and not long term fair value.
Excellent analysis! I must also point here that we generally tend to downplay the importance of historical trends. In the last 14 out of 18 years, crude has declined during the period Oct-Dec.
I failed to capitalize on the downtrend however fully capitalized on the retracement just exiting at 75.90
Usman