REFERENCE: OPEC REACHES AGREEMENT, TAKE ADVANTAGE OF STRENGTH TO TAKE PARTIAL PROFITS ON OIL $CL_F $USO $SCO $DWTI $UCO $UWTI $XLE $XOP $OIH $ERX $ERY

REFERENCE: OPEC REACHES AGREEMENT, TAKE ADVANTAGE OF STRENGTH TO TAKE PARTIAL PROFITS ON OIL $CL_F $USO $SCO $DWTI $UCO $UWTI $XLE $XOP $OIH $ERX $ERY

Due to heavy interest, the following post from ZYX Buy Change Alert is being reproduced below.

There is a single unconfirmed report that OPEC has reached an agreement to limit production to 32.5 million barrels per day.  This will be finalized in the November OPEC meeting. At present, OPEC is producing 33.1 million barrels per day.  The proposed agreement would reduce produce production by 600K barrels per day.

Consider taking profits on one-half of the oil position in the zone of $46.60 to $47.40.  USO eq is $10.60 to $10.80.  Consider holding the remaining half.

Trades posted on The Arora Report Market Blog have produced unrivalled performance since 2007.  Please click here and scroll down to see the table of all trades.  These trades have been scrutinized in real-time by thousands of subscribers across the globe.  This provides easy verification of performance for newcomers to this site.  Only those trades are included in the performance where the entry post was made available to subscribers to The Arora Report Market Blog.  When the entry post is made available only to the paying subscribers and not posted in real-time on The Arora Report Market Blog, the resulting performance of the trade is not credited in the performance table.  There are very nice gains on this trade but since the entry trade was not posted here in real-time, handsome profits on this trade will not be added to the performance of The Arora Report Market Blog shown on the table.

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