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WTI Crude Oil Trading

  • #121
  • Nov 7, 2018 9:54am Nov 7, 2018 9:54am
Quoting aariapoor
{quote} Signs of retrace or changing direction in the spot of forecast If it stays on the line and starts to make a nice correction/flag, would confirm the up move {image}
It could not stay on the line after the surprising news (Inventories numbers)
Seems price is heading to the 60 handle

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We can't control the sea, but we can learn how to surf the waves.
  • #122
  • Nov 7, 2018 11:37am Nov 7, 2018 11:37am
I still waiting for short level 65.04...
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  • #123
  • Nov 7, 2018 2:49pm Nov 7, 2018 2:49pm
too ambitious target, imo 64 max to sell, but it looks more like they are ready for drop to 60 and below
  • #124
  • Edited 11:13am Nov 8, 2018 8:56am | Edited 11:13am
snowball is coming, low oil, low profits, less job, low demand and again, normal people will lose jobs... the way to recession made by mr.T, he just didn't' want 150-200, hold your shorts until 20 (last LL in 2016 26.03)

tomorrow target for new low 59.70
  • #125
  • Nov 9, 2018 8:55am Nov 9, 2018 8:55am
It almost reached to my target area, but I really think it has to go back soon, it getting weird

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We can't control the sea, but we can learn how to surf the waves.
  • #126
  • Nov 9, 2018 10:19am Nov 9, 2018 10:19am
Hot Trade for you:

2H chart Engulfing candle for long that come from trend line + daily sma400

Sma400 is super strong support
Attached Image(s) (click to enlarge)
Click to Enlarge Name: c_oil 2h engulfing candle long.jpg Size: 199 KB
Click to Enlarge Name: C_OIL SMA400.jpg Size: 104 KB
Click to Enlarge Name: C_OIL SMA400_PAST.jpg Size: 89 KB
  • #127
  • Nov 11, 2018 3:43am Nov 11, 2018 3:43am
Quoting Mr.N
Hot Trade for you: 2H chart Engulfing candle for long that come from trend line + daily sma400 Sma400 is super strong support {image} {image} {image}
possible support for the price is below the current price at 58.95-58.07 at the level of the last support from February of the current year.
you should observe the price movements and wait for the weaknesses of the sellers.

buying at this point is catching the falling knives, which can end dramatically for the account if support can not stand or be disregarded.

below, I showed that before SMA400 was not respected with acceptable accuracy. in addition, each SMA is secondary to the price and I would be careful to put live cash only on its basis.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: OIL 2.png Size: 37 KB
Click to Enlarge Name: OIL 3.png Size: 25 KB
Ki Sang has time for everything
  • #128
  • Nov 11, 2018 5:17pm Nov 11, 2018 5:17pm
Quoting Mr.N
Hot Trade for you: 2H chart Engulfing candle for long that come from trend line + daily sma400 Sma400 is super strong support {image} {image} {image}
Told you..
  • #129
  • Nov 11, 2018 5:20pm Nov 11, 2018 5:20pm
Quoting kamikaze351
{quote} possible support for the price is below the current price at 58.95-58.07 at the level of the last support from February of the current year. you should observe the price movements and wait for the weaknesses of the sellers. buying at this point is catching the falling knives, which can end dramatically for the account if support can not stand or be disregarded. below, I showed that before SMA400 was not respected with acceptable accuracy. in addition, each SMA is secondary to the price and I would be careful to put live cash only on its...

I explained to you here in a simple way
It's not just the 400
It is also a trend line and after sma 300 and sma average 200 dont work + 10 red candle + weekly sma64 +4H bollinger band and RSI 14 under 21
And Fibonacci E level ...
Anyway gl hf..
  • #130
  • Nov 12, 2018 2:25am Nov 12, 2018 2:25am
Break the Trendline .., can go up easy from here..
Attached Image (click to enlarge)
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  • #131
  • Nov 12, 2018 4:36am Nov 12, 2018 4:36am
Where is the support level for the Oil Mafia ?

Sixer
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  • #132
  • Nov 12, 2018 11:30am Nov 12, 2018 11:30am
Quoting Mr.N
Hot Trade for you: 2H chart Engulfing candle for long that come from trend line + daily sma400 Sma400 is super strong support {image} {image} {image}

Quoting Mr.N
Break the Trendline .., can go up easy from here.. {image}

Now 5min Gartley for Long
Attached Image
  • #133
  • Nov 12, 2018 2:46pm Nov 12, 2018 2:46pm
Making arbitrage

Short Gas and Long crude
COT: The precious data ignored
  • #134
  • Nov 12, 2018 5:34pm Nov 12, 2018 5:34pm
oil has entered the zone of pre-defined support. now you should carefully watch the price movements in this area.
Attached Image (click to enlarge)
Click to Enlarge Name: OIL.WTI4..H4.png Size: 8 KB
Ki Sang has time for everything
  • #135
  • Nov 13, 2018 8:45am Nov 13, 2018 8:45am
Quoting kamikaze351
oil has entered the zone of pre-defined support. now you should carefully watch the price movements in this area. {image}
Loading longs for 64
COT: The precious data ignored
  • #136
  • Nov 13, 2018 10:38am Nov 13, 2018 10:38am
Long
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #137
  • Nov 13, 2018 12:16pm Nov 13, 2018 12:16pm
Stopped previous

Long 56,60

200 pips stop

Target near 64
COT: The precious data ignored
  • #138
  • Nov 13, 2018 5:15pm Nov 13, 2018 5:15pm
the support around 58.50 has been easily broken. I wonder where the price is going, it looks like we are dropping down hard.
What do you think about increasing oil supply? On Thursday, US crude oil inventories, they predict a reduction in oil stocks, but I'm not so sure about it.
Ki Sang has time for everything
  • #139
  • Nov 13, 2018 6:20pm Nov 13, 2018 6:20pm
Big oil funds are unwinding longs ...

Wait for the big flush out as I think there might be more to come
  • #140
  • Nov 13, 2018 6:41pm Nov 13, 2018 6:41pm
As we all said:never catch the falling knife.
Everything will be OK in the end,if it is not OK, it's not the end.
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