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Today's meeting between the Russian and Opec oil ministers in Vienna is now expected to produce a nine-month extension to the current production cap deal, supporting prices and placing shale in focus.
Squawk / 04 August 2016 at 13:14 GMT
Hypothesis Testing
United Kingdom
Looking at the cable daily chart we are still in the same trading range. To gain some real impetus to the trade we need to break the consolidation box we are currently within.
Dj TinTin Dj TinTin
are we looking long on a break out ?
fxtime fxtime
At the moment I am flat. I suspect we drop to the lows at 1.3080 today or tomorrow eg S1 and will bounce there but sentiment is bearish so a further drop must be expected. I will long at S1 though and trail my stop if we hit there today.
HaythamSabry HaythamSabry
What's ur SL?
fxtime fxtime
For scalps I use a preset 45pips.
Krunil48 Krunil48
Consolidation box broken to the downside/ stopped out?
fxtime fxtime
I have just checked and sadly yes I was stopped out. Thankfully other markets have been kinder to me.


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