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WTI Crude Oil Trading

  • #1,261
  • May 15, 2019 11:57am May 15, 2019 11:57am
Quoting detector
{quote} It looks like it's going that way Li, but it's reversed on a falling res slope (just broke through) so hoping history will repeat, it's hard as we have conflicting views but wish you the best,D EDIT Target <60
Would like to think with all the news out this has no substance, with lack of it, a run down to 40, speculation pushed it up, economics taking it back down, just my opinion, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,262
  • May 15, 2019 12:01pm May 15, 2019 12:01pm
shorted WTI @62.204
Attached Image (click to enlarge)
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persistence and determination alone are omnipotent
  • #1,263
  • May 15, 2019 12:07pm May 15, 2019 12:07pm
Quoting Ll1979
https://youtu.be/4UfMHgS_jP4
Hadn't watched the interview before my last post but nothing short of what I'm saying, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,264
  • May 15, 2019 12:08pm May 15, 2019 12:08pm
Signing off

Good luck all
All charts/ideas based on UK time zone
  • #1,265
  • May 15, 2019 12:09pm May 15, 2019 12:09pm
Quoting sponge
Signing off Good luck all
have a nice evening
persistence and determination alone are omnipotent
  • #1,266
  • May 15, 2019 12:14pm May 15, 2019 12:14pm
Quoting sponge
Signing off Good luck all
You too,
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,267
  • May 15, 2019 12:16pm May 15, 2019 12:16pm
Quoting valter
{quote} Would you mind to post a chart with full may 13th MP thanks
sure.
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  • #1,268
  • May 15, 2019 1:04pm May 15, 2019 1:04pm
Quoting MP-Trader
{quote} sure. {image}
thanks MP-Trader
the blue letter A is the opening and Gray triangle is the close ? right?
  • #1,269
  • May 15, 2019 1:49pm May 15, 2019 1:49pm
Closed my short at a loss, had my doubts but staying with short but at a higher level, there were signs but to no avail, living to fight another day!!!
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,270
  • May 15, 2019 1:56pm May 15, 2019 1:56pm
Quoting valter
{quote} thanks MP-Trader the blue letter A is the opening and Gray triangle is the close ? right?
spot on valter.
  • #1,271
  • May 15, 2019 2:13pm May 15, 2019 2:13pm
Quoting Ll1979
shorted WTI @62.204 {image}
Out @62.512
persistence and determination alone are omnipotent
  • #1,272
  • May 15, 2019 3:47pm May 15, 2019 3:47pm
Quoting riclater211
{quote} Hey All, Price is still bouncing along the trade box. Nothing to report on this Monday. Just waiting for something to happen. 70.00 is still the pooling area. - Ric {image}
Hey All,

My previous analysis has expired. Its mostly the same but now minor trend lines have strengthened. I placed trade boxes in with what I believe is the potential move possible if/when price breaks this range. At least on the Tech side. As always news can blow any analysis out of the water.

With that being said, upside potential is greater when you include all the turmoil going on. If the USA, UAE, Israel & Saudi Arabia continue to antagonize Iran, Iran may decide to shut down or hamper shipments through the Strait of Hormuz in retaliation. 20% of all the worlds oil travels through the Strait of Hormuz. Iran is the most powerful country, militarily, in the region.

Any skirmish, even a small one, will cause major turmoil across the region and in nearly every conflict in the middle east, oil fields are always a primary target.

We shall see.
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Click to Enlarge Name: Brent 05152019.png Size: 104 KB
Be humble or get humbled
  • #1,273
  • May 15, 2019 6:10pm May 15, 2019 6:10pm
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  • #1,274
  • May 16, 2019 12:35am May 16, 2019 12:35am
Good Morning Guys..

As per my interpretation we have reached the are of resistence level of today's date, and i believe it will slowly go down to 61.27-61.02.
Any suggestions or contradictions to this stats are most welcome..
  • #1,275
  • May 16, 2019 1:15am May 16, 2019 1:15am
Quoting sponge
{quote} Well I didn't expect another trip below 62.58 ...balls out the park again
I think 62.42 is key today, bearish below but possible test back to 62, if it holds the upside target 63.02/72

The 1 & 4 hour charts look a bit streached for now but the daily could still be in bull mode I think

The old res/support level 62.58 also back in play so looking for longs over this level for now
All charts/ideas based on UK time zone
  • #1,276
  • May 16, 2019 3:36am May 16, 2019 3:36am
Play from 4:20 for crude

https://cotbase.com/blog
All charts/ideas based on UK time zone
  • #1,277
  • May 16, 2019 4:50am May 16, 2019 4:50am
good day
wti cfd [email protected], tp @ADR(14), [email protected] will evaluate
  • #1,278
  • May 16, 2019 4:58am May 16, 2019 4:58am
Quoting valter
good day wti cfd [email protected], tp @ADR(14), [email protected] will evaluate
[email protected]
  • #1,279
  • May 16, 2019 5:46am May 16, 2019 5:46am
Quoting sponge
{quote} Looks like Dow is on a big push north
Dow still pushing up I had a nice trade on it this morning.

Upside targets looking miles away at 26300 I could be wrong of course but worth watching

25788 possible resistance
All charts/ideas based on UK time zone
  • #1,280
  • May 16, 2019 5:50am May 16, 2019 5:50am
wti cfd [email protected], tp @ADR(14), [email protected] will evaluate
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