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WTI Crude Oil Trading

  • #801
  • Edited 9:04am May 1, 2019 8:38am | Edited 9:04am
Quoting Marco-Kanto
{quote} Pleased to see a close below WPP yesterday. I'm expecting it to test this 63.82 area again and close the day with a red candle.
Taken a short at DPP 63.82. Tight SL with inventory news on the horizon.

*Edit SL set @BE
Focus.
  • #802
  • May 1, 2019 9:30am May 1, 2019 9:30am
Quoting Marco-Kanto
{quote} Taken a short at DPP 63.82. Tight SL with inventory news on the horizon. *Edit SL set @BE
Out with 28 before the news.
Focus.
  • #803
  • Edited 10:27am May 1, 2019 10:01am | Edited 10:27am
wti short @62.85 [email protected] above 62.98 I will evaluate if scaling out or ful exit
out @63.03
  • #804
  • May 1, 2019 10:04am May 1, 2019 10:04am
In [email protected]
Out, snap back not holding imo
I don't need to be good at the game, only good enough to beat my opponent,
  • #805
  • Edited 10:44am May 1, 2019 10:21am | Edited 10:44am
Try again
Target 65.50
Tight stop
Edit
If it takes out 63.50 it could well be the bulls turn, indecisive 50/50
I don't need to be good at the game, only good enough to beat my opponent,
  • #806
  • Edited 10:55am May 1, 2019 10:42am | Edited 10:55am
Quoting detector
Try again Target 65.50 Tight stop
joined you @63.10
out sl hit @63.00
  • #807
  • May 1, 2019 10:59am May 1, 2019 10:59am
out, in too early, will see where it lands.
I don't need to be good at the game, only good enough to beat my opponent,
  • #808
  • May 1, 2019 11:02am May 1, 2019 11:02am
Quoting valter
{quote} joined you @63.10 out sl hit @63.00
Still in red territory, feel it may well be soon, again 50/50, just an opportunist, will post entry, D
EDIT
looking around 62.70 but will get the chart confirmation,
I don't need to be good at the game, only good enough to beat my opponent,
  • #809
  • May 1, 2019 11:09am May 1, 2019 11:09am
62.90
Damm spread, last one, no movement here then out for the day, D
62.80 close and I'm out, will wait and see, good luck, D
Gaps up to 63.05 to fill !!
I don't need to be good at the game, only good enough to beat my opponent,
  • #810
  • May 1, 2019 11:16am May 1, 2019 11:16am
WTI dips below $63 after EIA reports huge buildup in crude inventories

  1. EIA says crude oil inventories in the U.S. increased by 9.9 million barrels.
  2. Iranian Oil Minister says OPEC is overstating its spare capacity.

Crude oil prices came under a renewed selling pressure in the NA session on Wednesday after the weekly report published by the Energy Information Administration (EIA) revealed that crude oil inventories in the U.S. increased by 9.9 million barrels in the week ending April 26 to come in much higher than the market expectation of 2 million barrels.

After spending the large part of the day in a tight range near mid-$63s, the barrel of West Texas Intermediate turned south and dropped to a fresh daily low of $62.81 before rebounding modestly. At the moment, the WTI is down 0.5% on the day at $63.10.

Earlier in the day, commenting on OPEC's remarks about supplying the markets in case the U.S. actions on Iran caused shortages, Iranian Oil Minister Bijan Zanganeh claimed that OPEC had been overstating their spare production capacity. Regarding the U.S. policy, "Those who use oil as a weapon against two founding members of OPEC (Iran and Venezuela) are disturbing the unity of OPEC and creating the death and collapse of OPEC and the responsibility for that is with them," Zanganeh said, according to Reuters.

Meanwhile, disappointing PMI data from China, which showed a softer than expected growth in the business activity in both the manufacturing and the service sectors in April, that were published earlier in the week help the bearish pressure stay intact.

persistence and determination alone are omnipotent
  • #811
  • May 1, 2019 11:24am May 1, 2019 11:24am
Quoting Ll1979
WTI dips below $63 after EIA reports huge buildup in crude inventories EIA says crude oil inventories in the U.S. increased by 9.9 million barrels. Iranian Oil Minister says OPEC is overstating its spare capacity. Crude oil prices came under a renewed selling pressure in the NA session on Wednesday after the weekly report published by the Energy Information Administration (EIA) revealed that crude oil inventories in the U.S. increased by 9.9 million barrels in the week ending April 26 to come in much higher than the market expectation of 2 million...
Reason to a cautious long
Will move to BE at earliest opp
I don't need to be good at the game, only good enough to beat my opponent,
  • #812
  • May 1, 2019 11:38am May 1, 2019 11:38am
Inserted Video
persistence and determination alone are omnipotent
  • #813
  • Edited 12:33pm May 1, 2019 11:58am | Edited 12:33pm
Gone against my chart with direction, had 61.70 before the rise but bullshit indicators are still +ve
64.70 is the ceiling, brake this and away to 66+
Sorry to be a pester poster, will crawl back in my shell.
Stop @BE will let this ride.
EDIT
Sitting with 30+
Valter did you dip back in, did anyone?
I don't need to be good at the game, only good enough to beat my opponent,
  • #814
  • May 1, 2019 1:30pm May 1, 2019 1:30pm
Quoting detector
Gone against my chart with direction, had 61.70 before the rise but bullshit indicators are still +ve 64.70 is the ceiling, brake this and away to 66+ Sorry to be a pester poster, will crawl back in my shell. Stop @BE will let this ride. EDIT Sitting with 30+ Valter did you dip back in, did anyone?
It's a crazy rollacoaster today atleast i got some pips but could have much more Iam on the sideline for now
persistence and determination alone are omnipotent
  • #815
  • May 1, 2019 1:42pm May 1, 2019 1:42pm
Quoting detector
Gone against my chart with direction, had 61.70 before the rise but bullshit indicators are still +ve 64.70 is the ceiling, brake this and away to 66+ Sorry to be a pester poster, will crawl back in my shell. Stop @BE will let this ride. EDIT Sitting with 30+ Valter did you dip back in, did anyone?
I didn't, closed my 64.54 at 63. Sideline for Oil atm.
Focus.
  • #816
  • May 1, 2019 1:57pm May 1, 2019 1:57pm
Thanks for posting, I've tried charting the organic movements but my long is probably were I would like to be, on the cusp of the next wave, have to admit entry's are dogged by the everchanging situation, still an avid shorter of this but do expect a rise until the steam runs out, as to where who knows but don't want to be sitting at the top of the hill when the party's at the bottom, seems the FED news is causing a stir, my AUD/USD has taken a battering, 15min WTI looks like a pitchfork with all the spikes, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #817
  • May 1, 2019 2:25pm May 1, 2019 2:25pm
Seems we are approaching a trend line of a possible break out to the upside, it's going to be interesting, so I'll not bore you anymore, good trading, will become a spectator from now on, Detector.
EDIT
or rejection to the down.
I don't need to be good at the game, only good enough to beat my opponent,
  • #818
  • May 1, 2019 2:26pm May 1, 2019 2:26pm
Quoting detector
Gone against my chart with direction, had 61.70 before the rise but bullshit indicators are still +ve 64.70 is the ceiling, brake this and away to 66+ Sorry to be a pester poster, will crawl back in my shell. Stop @BE will let this ride. EDIT Sitting with 30+ Valter did you dip back in, did anyone?
got in but way too late
I'm long from 63.31
  • #819
  • May 1, 2019 2:39pm May 1, 2019 2:39pm
Quoting valter
{quote} got in but way too late I'm long from 63.31
Excellent, sitting on some 30+ hopefully a break of 63.64 will be no-mans-land until 64.24
I don't need to be good at the game, only good enough to beat my opponent,
  • #820
  • May 1, 2019 2:44pm May 1, 2019 2:44pm
Quoting Ll1979
{quote} It's a crazy rollacoaster today atleast i got some pips but could have much more Iam on the sideline for now
for me wti it is much more difficult to trade compared to eurusd
not only today, I mean in general
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