WTI Crude Oil Trading | Page 26 | Forex Factory

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WTI Crude Oil Trading

  • #501
  • Apr 8, 2019 4:50am Apr 8, 2019 4:50am
Quoting darksize
{quote} What is EnergyExch site ? its somehow connected to FF forum ? I use FF.
Yes - FF seems to be splitting itself up. Scroll to the bottom of the page and you'll see on the right "Other Markets' and a set of links.
Focus.
  • #502
  • Apr 8, 2019 5:06am Apr 8, 2019 5:06am
Quoting Marco-Kanto
Food for thought. https://www.cnbc.com/2019/04/07/oil-...trategist.html
Sometimes I use the energy site.
News there are certainly dedicated to the oil side although I see that the calendar regularly ignore the API on tuesday
  • #503
  • Apr 8, 2019 5:21am Apr 8, 2019 5:21am
Hello, I'm curious about oil trading. maybe I can get info here.
  • #504
  • Apr 8, 2019 5:57am Apr 8, 2019 5:57am
I think it's forming a 1H flag for downside, at least to 62.50
We can't control the sea, but we can learn how to surf the waves.
  • #505
  • Apr 8, 2019 8:44am Apr 8, 2019 8:44am
Quoting aariapoor
I think it's forming a 1H flag for downside, at least to 62.50
We deal with heavy lubricious black snake...
  • #506
  • Apr 8, 2019 9:35am Apr 8, 2019 9:35am
It went crazy
  • #507
  • Edited 10:11am Apr 8, 2019 9:39am | Edited 10:11am
Stop hunters again a sign we are on the right track for longterm downtrend.
-._.-
  • #508
  • Apr 8, 2019 9:43am Apr 8, 2019 9:43am
Oil could be scary - I remember when it went to $42 (end of 2018) and reversed with no bottoming sign - I've had longs all the way from 52 to 45 - waited 6 weeks and those became on profit. I would be very cautious to go long on current levels after 4 months of price pumping - it could drop 6-8$ in a week or two with no explanation.
  • #509
  • Edited 10:23am Apr 8, 2019 10:11am | Edited 10:23am
Stopped out with previous short, taken another on the basis of divergence and volume spike, if no move from here will sit out and watch, this is the 2hr chart target 59.5, D
No advice intended
Attached Image
I don't need to be good at the game, only good enough to beat my opponent,
  • #510
  • Apr 8, 2019 12:01pm Apr 8, 2019 12:01pm
Quoting antonblood63
Hello, I'm curious about oil trading. maybe I can get info here.
Welcome on board! I am happy to help you on your way.
persistence and determination alone are omnipotent
  • #511
  • Apr 8, 2019 12:45pm Apr 8, 2019 12:45pm
Having my eye on the 64.29 area for an potential short scalp. No long term short positions for me yet (besides my 53,xx short) the fib 61,8 levels were crushed and the Libya situation might trigger the price of oil to move further up.
Attached Image (click to enlarge)
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persistence and determination alone are omnipotent
  • #512
  • Apr 8, 2019 12:49pm Apr 8, 2019 12:49pm
could be another leg up before the fall, last push!!
I don't need to be good at the game, only good enough to beat my opponent,
  • #513
  • Apr 8, 2019 12:56pm Apr 8, 2019 12:56pm
Out!! fight another day, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #514
  • Apr 8, 2019 6:09pm Apr 8, 2019 6:09pm
WTI is heavily bought, but not showing signs of weakness. Possibly building a local top ~64.4.
Attached Image (click to enlarge)
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  • #515
  • Apr 9, 2019 12:45am Apr 9, 2019 12:45am
Is anyone trading OIL-WTI? I did a complete search and couldn't find any thread dedicated to WTI trade. Any good strategy or EA for this is most welcome. I am a learner trader only and not an expert to provide any method...
  • #516
  • Apr 9, 2019 3:26am Apr 9, 2019 3:26am
Kinda smell “buy the rumour, sell the fact” scenario here - with the OPEC meeting in 2 days and all financial media frantically urge that price will go up ...
  • #517
  • Apr 9, 2019 4:17am Apr 9, 2019 4:17am
Quoting andylaudj
Is anyone trading OIL-WTI? I did a complete search and couldn't find any thread dedicated to WTI trade. Any good strategy or EA for this is most welcome. I am a learner trader only and not an expert to provide any method...
I believe everybody here is trading wti.
About a good strategy, in my opinion the chart in the post before yours is an excelent way to trade oil
  • #518
  • Apr 9, 2019 4:41am Apr 9, 2019 4:41am
Quoting michaelpelly
Kinda smell “buy the rumour, sell the fact” scenario here - with the OPEC meeting in 2 days and all financial media frantically urge that price will go up ...
Very much looks like that. Almost 65, can theoretically retrace from there $2-3. Depends on the opec meeting outcome. Otherwise next level $70. Weekly MACD shows potential higher though.
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  • #519
  • Edited 6:31am Apr 9, 2019 6:11am | Edited 6:31am
Quoting timingchain
WTI is heavily bought, but not showing signs of weakness. Possibly building a local top ~64.4. {image}
The median is sideways for last 12 hours at ~64.5. Still heavily bought at upper band 2 (UB2) without price action indicating a direction from here.

Ed. If price should break down from here, it could readily go ~100 pips.
  • #520
  • Apr 9, 2019 6:41am Apr 9, 2019 6:41am
opened short @ 64.40, sl @ 64.57
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