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WTI Crude Oil Trading

  • #561
  • Apr 10, 2019 11:19am Apr 10, 2019 11:19am
Quoting Marco-Kanto
{quote} Which broker you with dude? I have positive swap for spot, and no swap for Commodity CFDs. IC Markets (Australia)
Atc brokers uk
For oil cfd i have small commision + 2.5 spread (atm) no swap only rollover (which is about 0 more info https://atcbrokers.co.uk/products/cfd-rollover.php )
persistence and determination alone are omnipotent
  • #562
  • Apr 10, 2019 11:28am Apr 10, 2019 11:28am
A 4H close above MR2 (64.43) and I'll close my shorts.
Focus.
  • #563
  • Apr 10, 2019 11:30am Apr 10, 2019 11:30am
Quoting Ll1979
{quote} Atc brokers uk For oil cfd i have small commision + 2.5 spread (atm) no swap only rollover (which is about 0 more info https://atcbrokers.co.uk/products/cfd-rollover.php )
Gotcha. And sorry, you did tell me your broker previously!
Focus.
  • #564
  • Apr 10, 2019 11:54am Apr 10, 2019 11:54am
Quoting Marco-Kanto
{quote} Gotcha. And sorry, you did tell me your broker previously!
no problem at all
persistence and determination alone are omnipotent
  • #565
  • Apr 10, 2019 12:14pm Apr 10, 2019 12:14pm
A cautious, "back in" short,D
EDIT
Love to say volume ticking up but buyers at this level may well be taking a gamble, unless it's a "cert"
I don't need to be good at the game, only good enough to beat my opponent,
  • #566
  • Edited 1:56pm Apr 10, 2019 12:42pm | Edited 1:56pm
WTI is preparing for final move up i think, may be around 65.35.
Thinking of exiting CJ tomorrow, as it will likely create new low and will reach strong support, same as UJ. So i could change my orientation to enter UC long since i want to be in perspective CAD pair along with WTI short trade. UC is my choose, because DXY and all (or most) dollar pairs are likely gonna change direction after one more move its current direction.
-._.-
  • #567
  • Apr 10, 2019 12:53pm Apr 10, 2019 12:53pm
Quoting darksize
WTI is preparing for final move up i think, may be around 65.35.
You could well be right but hoping the chart is saying different, were on the same side DS so good trading, I'll still be saying this when it hits $70 LOL, speculative is as speculative does as forrest would say, D
Attached Image (click to enlarge)
Click to Enlarge Name: Oil12.png Size: 13 KB
I don't need to be good at the game, only good enough to beat my opponent,
  • #568
  • Apr 10, 2019 1:03pm Apr 10, 2019 1:03pm
see here
Attached Image
We can't control the sea, but we can learn how to surf the waves.
  • #569
  • Apr 10, 2019 1:04pm Apr 10, 2019 1:04pm
Quoting aariapoor
see here {image}
If this is not a signal for stop hunting, then i dont know what else.
I would say the 8% are smart traders currently, if they are for scalping or íntraday trading.
-._.-
  • #570
  • Apr 10, 2019 1:11pm Apr 10, 2019 1:11pm
Holes developing, seen them quickly patched but wouldn't want to miss the party, D (no advice intended)
Attached Image
I don't need to be good at the game, only good enough to beat my opponent,
  • #571
  • Apr 10, 2019 3:00pm Apr 10, 2019 3:00pm
Timingchain, whats your charts looking like, see some resistance @6450 think on no news this could well shoot below 64 then 62 without hesitation, it's not often I'm right but this time I could well be wrong, views anyone?, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #572
  • Apr 10, 2019 4:45pm Apr 10, 2019 4:45pm
Quoting detector
Timingchain, whats your charts looking like, see some resistance @6450 think on no news this could well shoot below 64 then 62 without hesitation, it's not often I'm right but this time I could well be wrong, views anyone?, D
For the April WTI contract:
HoY was set yesterday at 64.79, not far from current price action. However, upward momentum is a bit weak: see slope of median line. The median line has resistance at 64.54, median is currently at ~64.50. Equities and geopolitical factors are big unknowns. On a larger scale, global economic weakness is a strong negative for oil. S.A. and rest of OPEC are pushing against reality. I'm trying to sound very erudite here, but fact is I just don't know. The red line crossing of today looks wimpy to me. I am leaning toward a drop from here. Repeating: the FOMC ppl appear to be worried if not scared.
Attached Image (click to enlarge)
Click to Enlarge Name: wti_h4_20190410.jpg Size: 98 KB
  • #573
  • Apr 10, 2019 5:26pm Apr 10, 2019 5:26pm
Quoting timingchain
{quote} For the April WTI contract: HoY was set yesterday at 64.79, not far from current price action. However, upward momentum is a bit weak: see slope of median line. The median line has resistance at 64.54, median is currently at ~64.50. Equities and geopolitical factors are big unknowns. On a larger scale, global economic weakness is a strong negative for oil. S.A. and rest of OPEC are pushing against reality. I'm trying to sound very erudite here, but fact is I just don't know. The red line crossing of today looks wimpy to me. I am leaning...
Fair and balanced TC, some of the others have posted some great thoughts and charts today, for the first time I have seen what looks to be greater volume at higher ends of the spectrum as opposed to falling price (how I see it), taking into consideration the price has moved significantly, is the best yet to come with further advance, maybe maybe not, but higher prices is not on the worlds agenda, beneficial for the oil company's but not for economies, (my opinion only) there is every chance of further advance but for now, preempting and opportunity is the dish of the day, thanks for taking the time, D

Unless the arrow is taken out as experienced in bottom left of the pic, could be anywhere from 60-150 move, no advice intended, it has failed before, D
Attached Image (click to enlarge)
Click to Enlarge Name: Oil14.png Size: 24 KB
I don't need to be good at the game, only good enough to beat my opponent,
  • #574
  • Apr 10, 2019 6:42pm Apr 10, 2019 6:42pm
Looking at my chart, if a decline starts, the way seems clear for 50+ pips. Doesn't mean that it will, of course.
  • #575
  • Apr 10, 2019 6:48pm Apr 10, 2019 6:48pm
Quoting timingchain
Looking at my chart, if a decline starts, the way seems clear for 50+ pips. Doesn't mean that it will, of course.
Pleased to see my outlook is inline with someone else LOL here's hoping, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #576
  • Apr 10, 2019 9:12pm Apr 10, 2019 9:12pm
Quoting detector
{quote} On behalf of the thread, welcome, suppose this is the "Oil traders section" LOL although the original author is not present, it's ongoing, a free for all without moderation, but I assume all views are welcome as is any good argumented case for direction, it makes all aware what side they need to be on, please post any chart/setup you feel relevant, if there is a difference of opinion i'm sure it will be explained without anyone felling foolish, D
Thanks for the warm welcome.

I'm currently buying oil as I like it from a macro perspective. Specifically WTI/USD. I will be keen to start posting my analysis for oil in this thread as it seems like a good community to bounce ideas around.

Thanks
Jack
  • #577
  • Apr 10, 2019 11:05pm Apr 10, 2019 11:05pm
Quoting data.trade
{quote} Thanks for the warm welcome. I'm currently buying oil as I like it from a macro perspective. Specifically WTI/USD. I will be keen to start posting my analysis for oil in this thread as it seems like a good community to bounce ideas around. Thanks Jack
Advice - strategic oil buy is always an idea, but at these levels, after so much bullish squeeze - I would suggest you wait for some deep correction before putting some longs.
  • #578
  • Apr 11, 2019 12:38am Apr 11, 2019 12:38am
shorted on H1 trendline break
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 6 KB
persistence and determination alone are omnipotent
  • #579
  • Edited 3:44am Apr 11, 2019 2:43am | Edited 3:44am
Quoting timingchain
{quote} For the April WTI contract: HoY was set yesterday at 64.79, not far from current price action. However, upward momentum is a bit weak: see slope of median line. The median line has resistance at 64.54, median is currently at ~64.50. Equities and geopolitical factors are big unknowns. On a larger scale, global economic weakness is a strong negative for oil. S.A. and rest of OPEC are pushing against reality. I'm trying to sound very erudite here, but fact is I just don't know. The red line crossing of today looks wimpy to me. I am leaning...
Is it possible to shift the chart from the right border? That would be great.
If you're using mt4/5:
Attached Image
We can't control the sea, but we can learn how to surf the waves.
  • #580
  • Edited 3:44am Apr 11, 2019 3:29am | Edited 3:44am
What happened to the OPEC meeting? Canceled?
We can't control the sea, but we can learn how to surf the waves.
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