WTI Crude Oil Trading

I can only lose money for my faults, don't worry
I have same TPs of yours because I found a reason for them
Plus it is a small position

Edit: closed with couple of ticks, ny cash open

Myfxbook : www.myfxbook.com/members/dalifx/dali/3248103

No problem, I choose at intersections, small increments I look to be broken and do accordingly,something you cannot teach, a profit is a profit, if I see resistance and in profit, I close, as with WTI, I've had many profitable positions that have turned but always had a point in mind to close no matter where I think it could go, live to fight another day.

WTI falling further, cannot see any significance at this level unless news, looking for 61 now

Dalifx, could you explain in a little more detail about the indicator, thanks,D

I am in [email protected] small position, will scale in on retracement, SL 61.40 will evaluate

60 next? and quickly? anyone comment?

my view is if pa consolidates below 61.20 then 56.50 is possible, just a view

Did think the last minutes of the bar would be a rush down.

would be good, down to the weekly low around 60.00
I only hope in a retracement, to reload

if it shoots through it could be in freefall!!!

Short closed +150 pips, I'm out,good luck all,D

congrats
really great trade

closed 1/[email protected]
I will try to reload on retracement

Taken a long (60.77) from DS1/23.6 fib retrace of move 42.14-66.5. Target DPP 61.81

*Edit - taken 50% at +20 - SL set @BE

*Edit - out +25.

Thanks Valter, it would be good to do that every day, you played a good game of chess yourself, even if you did scare me with worry, thanks for the chat along the way, cheers, going to check the DOW out now, D

WTI FLIRTING WITH DAILY LOWS NEAR $61.30 AHEAD OF API
7 May 2019, 16:43

 

1. Prices of the WTI are sharply lower near $61.00/bbl.
2. US-China trade jitters keep weighing on crude oil.
3. API will report later on US crude oil supplies.

Crude oil prices are trading well into the negative territory on Tuesday, taking the barrel of West Texas Intermediate to the area of daily lows near $61.30.

WTI lower on trade concerns
The risk-off mood has been picking up pace since Monday following rising concerns over the US-China trade friction despite both parties will meet later this week to resume talks in Washington.

It is worth recalling that fresh trade tensions resurfaced on Sunday in response to President Trump’s threats to increase tariffs and impose new ones on US imports of Chinese products.

Increasing trade concerns have so far eclipsed geopolitical effervescence around Iran, which threatened reciprocal actions amidst persistent US pressure on the country’s oil exports.

Moving forward, the American Petroleum Institute (API) will report later in the NA session on the weekly variation of US crude oil inventories ahead of tomorrow’s official report by the DoE.

What to look for around WTI
Prices of the WTI have come under selling pressure after reaching fresh multi-month tops beyond the $66.00 mark per barrel in late April. However, the resurgence of the risk-off mood in response to trade concerns, increasing US crude oil production and supplies have all undermined the sentiment in the last sessions. On the flip side, prices appear to be looking for some contention on the back of US sanctions against Iranian crude oil exports, turmoil in Venezuela, speculative positioning, geopolitical effervescence in Libya and the so-called ‘Saudi put’ along with the ongoing OPEC+ deal to curb oil output.

WTI significant levels
At the moment the barrel of WTI is retreating 1.83% at $61.39 and faces the next support at $59.98 (low May 6) seconded by $59.63 (50% Fibo of the October-December drop) and then $56.09 (100-day SMA). On the upside, a break above $63.71 (21-day SMA) would aim for $64.64 (high Apr.9) and finally $66.46 (2019 high Apr.23).

[email protected]

I did scare you with worry, I'm really sorry, in which way?
Thanks to you too for the chat, it was a real pleasure
I believe Oanda doesn't have Dow Index Cfd

Have to leave now, will be back later

see you guys

Sorry only joking,My hair cannot go any greyer, does Oander have the WS30, this is the ETX equivalent, see you all later,D