55 - Results July for 24, 2017 - OPEC & Saudi Arabia Cut Output... Markets Do Nothing? Boring!
Channel: Crude Oil Trading Journal
Date: 24/07/2017

* I managed to be patient for a whole 40-minutes and re-purchased my short from Friday at $46.30
    * We got as high as $46.47 before it reversed down
* Saudi Arabia pledged to cut output… not much of a reaction
* No reaction… most boring trading day ever! :(
* Headlines suggest that Crude’s rise today is thanks to Saudi’s pledge… but that wasn’t revealed until after 11am
    * After the announcement - nothing happened.
    * Trade scared!

Visit TradingJournal.ca for complete trade information, charts and statistics. 

Visit TradingJournal.org to start your own Trading Journal and begin learning from the best teacher there is: your own experience.

Free real-time crude oil Futures chart courtesy of Investing.com:
https://www.investing.com/commodities/crude-oil-streaming-chart
Free real-time crude oil Spot chart courtesy of DailyFX.com:
https://www.dailyfx.com/crude-oil