WTI Crude Oil Trading | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

WTI/USD

Similar Threads

Reliable broker for Crude Oil trading 20 replies

making money intraday CL/WTI/OIL - no overnight holds 13 replies

WTI Crude Oil (TRENDSURFING - with the help of the model) 634 replies

Trading Oil WTI to get back all! 18 replies

Hedge WTI and Brent Oil 1 reply

Attachments: WTI Crude Oil Trading
Exit Attachments

WTI Crude Oil Trading

  • #541
  • Apr 10, 2019 4:56am Apr 10, 2019 4:56am
Quoting Ll1979
{quote} Hope the price will rise until inventory numbers later today for maximum shortage potential.
Yes and it's going up nice and smooth, it's not strong and impulsive but corrective one.
I think it's trying to touch 65.00. If it didn't do stupid impulse I'll sell from there.
We can't control the sea, but we can learn how to surf the waves.
  • #542
  • Apr 10, 2019 5:10am Apr 10, 2019 5:10am
Quoting aariapoor
{quote} Yes and it's going up nice and smooth, it's not strong and impulsive but corrective one. I think it's trying to touch 65.00. If it didn't do stupid impulse I'll sell from there.
Hoping to make 100 pips shorting the inventory numbers intraday. To bad it 's rollover day so i won't keep my position overnight.
Besides that i noticed the gap between brent and wti is also shrinking
persistence and determination alone are omnipotent
  • #543
  • Apr 10, 2019 5:27am Apr 10, 2019 5:27am
Quoting Ll1979
{quote} Hoping to make 100 pips shorting the inventory numbers intraday. To bad it 's rollover day so i won't keep my position overnight. Besides that i noticed the gap between brent and wti is also shrinking
Yeah the gap is about $7 now, it usually was about 9
We can't control the sea, but we can learn how to surf the waves.
  • #544
  • Apr 10, 2019 5:43am Apr 10, 2019 5:43am
WTI stages a comeback towards 2019 tops ahead of EIA report
10 April 2019, 13:18

  1. Bulls back in control amid tightening supplies due to the US sanctions and OPEC cuts.
  2. Global growth worries to keep the upside capped?
  3. Focus on US EIA weekly crude supplies report for fresh impetus.

WTI (oil futures on NYMEX) caught a fresh bid in mid-Asia and since then is on a steady rise towards the 2019 tops of 64.79, as the sentiment remains undermined by the increased expectations of tighter global markets amid ongoing OPEC output cuts and the US sanctions on Iran and Venezuela.
However, further upside could remain at mercy of the broader market sentiment, in the event of the Brexit Summit and FOMC March meeting minutes release. The Fed minutes could trigger extensive USD moves, which could eventually have a major impact on the USD-sensitive oil.
Meanwhile, markets may turn cautious ahead of the EIA crude stockpiles data due later in the NA session, especially after the API report showed that the US crude stocks rose by 4.1 million barrels in the week to April 5 to 455.8 million barrels.
Further, the downward revisions made to the global growth forecasts by the International Monetary Fund (IMF) a day before could also continue to keep a check on the upside attempts.

persistence and determination alone are omnipotent
  • #545
  • Apr 10, 2019 9:04am Apr 10, 2019 9:04am
Quoting Ll1979
WTI stages a comeback towards 2019 tops ahead of EIA report 10 April 2019, 13:18 Bulls back in control amid tightening supplies due to the US sanctions and OPEC cuts. Global growth worries to keep the upside capped? Focus on US EIA weekly crude supplies report for fresh impetus. WTI (oil futures on NYMEX) caught a fresh bid in mid-Asia and since then is on a steady rise towards the 2019 tops of 64.79, as the sentiment remains undermined by the increased expectations of tighter global markets amid ongoing OPEC output cuts and the US sanctions on...
Hey LL - what's the source for this article? Cheers.
Focus.
  • #546
  • Apr 10, 2019 9:08am Apr 10, 2019 9:08am
Ordered 64.40 filled at 64.38
Focus.
  • #547
  • Apr 10, 2019 9:26am Apr 10, 2019 9:26am
Nice 4h flag, it can go down on news

Attached Image

But I like 1 last spike up to 65 and then drop
We can't control the sea, but we can learn how to surf the waves.
  • #548
  • Apr 10, 2019 9:35am Apr 10, 2019 9:35am
EIA: COMMERCIAL CRUDE OIL INVENTORIES INCREASED BY 7 MILLION BARRELS FROM PREVIOUS WEEK
10 April 2019, 17:33

Below are some key highlights from the weekly oil market report published by the U.S. Energy Information Administration.

  1. U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending April 5.
  2. Gasoline production increased last week, averaging 10.2 million barrels per day.
  3. Distillate fuel production increased last week, averaging 5.0 million barrels per day.
  4. U.S. commercial crude oil inventories increased by 7.0 million barrels from the previous week.
  5. Total products supplied over the last four-week period averaged 20.5 million barrels per day, down by 0.8% from the same period last year.

persistence and determination alone are omnipotent
  • #549
  • Apr 10, 2019 9:42am Apr 10, 2019 9:42am
It did nothing, so boring
I think there is some unfinished business up there. Hopefully is touching 65 and drop very hard
We can't control the sea, but we can learn how to surf the waves.
  • #550
  • Apr 10, 2019 9:45am Apr 10, 2019 9:45am
Quoting Marco-Kanto
{quote} Hey LL - what's the source for this article? Cheers.
My broker atcbrokers uk
persistence and determination alone are omnipotent
  • #551
  • Apr 10, 2019 9:48am Apr 10, 2019 9:48am
Quoting Ll1979
{quote} My broker atcbrokers uk
Your broker (almost all brokers) register to this one:
https://www.fxstreet.com/news/eia-co...k-201904101433

https://www.fxstreet.com/news

Or here:
https://www.myfxbook.com/streaming-forex-news
We can't control the sea, but we can learn how to surf the waves.
  • #552
  • Apr 10, 2019 9:58am Apr 10, 2019 9:58am
Oil price pumping became a pure speculation after 55-57$ couple weeks ago:

https://oilprice.com/Energy/Oil-Pric...l-Soaring.html


I guess if tomorrow things play-out wrong at OPEC meetings - some of these hedge-funds speculations might turn into this:

Inserted Video
  • #553
  • Apr 10, 2019 9:58am Apr 10, 2019 9:58am
Btw did you guys also notice a lower spread the last couples of day on the cfds. Normally my spread is 3 last couples of days 2,5.
persistence and determination alone are omnipotent
  • #554
  • Apr 10, 2019 10:05am Apr 10, 2019 10:05am
Quoting Ll1979
Btw did you guys also notice a lower spread the last couples of day on the cfds. Normally my spread is 3 last couples of days 2,5.
Mine (Oanda) always stuck at 3
  • #555
  • Apr 10, 2019 10:08am Apr 10, 2019 10:08am
This one also is interesting and I can't figure out why
moves of Brent and WTI

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB


Brent is doing what I wanted on WTI
We can't control the sea, but we can learn how to surf the waves.
  • #556
  • Apr 10, 2019 10:26am Apr 10, 2019 10:26am
Quoting aariapoor
This one also is interesting and I can't figure out why moves of Brent and WTI {image} Brent is doing what I wanted on WTI
It might have something to do with the gap between brent and wti. Normally 9 earlier today 7 isch.
persistence and determination alone are omnipotent
  • #557
  • Apr 10, 2019 10:28am Apr 10, 2019 10:28am
Closed my intraday shorts with a few green pips . Although news was bad bulls run this party.
persistence and determination alone are omnipotent
  • #558
  • Edited 10:57am Apr 10, 2019 10:31am | Edited 10:57am
Quoting aariapoor
This one also is interesting and I can't figure out why moves of Brent and WTI {image} Brent is doing what I wanted on WTI
Shorted 71.73

edit - SL added 71.92
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-04-10 at 16.29.21 copy.jpg Size: 18 KB
Focus.
  • #559
  • Apr 10, 2019 10:40am Apr 10, 2019 10:40am
Quoting Ll1979
{quote} Hoping to make 100 pips shorting the inventory numbers intraday. To bad it 's rollover day so i won't keep my position overnight. Besides that i noticed the gap between brent and wti is also shrinking
Which broker you with dude? I have positive swap for spot, and no swap for Commodity CFDs. IC Markets (Australia)
Focus.
  • #560
  • Apr 10, 2019 11:14am Apr 10, 2019 11:14am
Quoting aariapoor
This one also is interesting and I can't figure out why moves of Brent and WTI {image} Brent is doing what I wanted on WTI
One reason can be: Brent has not retraced to 61.8 of Fib yet but WTI is hovering on it.


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 45 KB


Seems WTI is just waiting there for Brent to finish the pullback so they can go down holding hand
Attached Image
We can't control the sea, but we can learn how to surf the waves.
6 traders viewing now