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WTI Crude Oil Trading

  • #2,461
  • Jul 9, 2019 6:47am Jul 9, 2019 6:47am
Quoting detector
{quote} For now the only concerning thing is the 1min is at rock bottom,the previous 50+fall had the indicators high, making point of the fall, so we could be totally oversold or a complimentary back atcha, 50+rise, hence my cautious approach, just my thoughts, D, getting late now so last look, stop in place, bed.
Hello all, wasn't wrong, it gave the fall back in the same fashion, still looking at short on the 4hr, nothing changed, may look for entry, anyone positioned at the moment, if so good luck, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,462
  • Edited 7:08am Jul 9, 2019 6:51am | Edited 7:08am
May take advantage of any rise to enter from here, all speculative, D
EDIT
May see a short term rise from here, still mixed, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,463
  • Jul 9, 2019 7:22am Jul 9, 2019 7:22am
Short @58,
EDIT
Will keep a close eye on the stop loss, volume activity does not seem to be supportive for buys or sells, the position was indicator based,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,464
  • Jul 9, 2019 7:36am Jul 9, 2019 7:36am
Target @52, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,465
  • Jul 9, 2019 7:49am Jul 9, 2019 7:49am
EUR/CAD Li posted yesterday, a quick update of the snap back, looking good Li, hope you got back in, D
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I don't need to be good at the game, only good enough to beat my opponent,
  • #2,466
  • Jul 9, 2019 8:07am Jul 9, 2019 8:07am
Quoting detector
EUR/CAD Li posted yesterday, a quick update of the snap back, looking good Li, hope you got back in, D {image}
sadly enough not ... fed up with work etc.
persistence and determination alone are omnipotent
  • #2,467
  • Jul 9, 2019 8:12am Jul 9, 2019 8:12am
Quoting Ll1979
{quote} sadly enough not ... fed up with work etc.
Hi Li, your set up was on the button, if you seen this one you'll see the next, yeah work, me too, the fact I have to go is enough, never mind having to do any, this time next year we'll be fed up with sea, sand and sunD
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,468
  • Jul 9, 2019 8:48am Jul 9, 2019 8:48am
Quoting detector
Target @52, D
Target moved to 47, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,469
  • Jul 9, 2019 12:25pm Jul 9, 2019 12:25pm
WTI STRUGGLES TO GAIN TRACTION, TRADES BELOW $58 AS TRADE WORRIES RESURFACE
9 July 2019, 19:16

 

  1. Escalating geopolitical tensions in the Middle East support oil prices.
  2. Lack of progress in U.S.-China trade talks weighs on the sentiment.

Crude oil is staying calm for the second straight day and is struggling to determine its next short-term direction on Tuesday. As of writing, the barrel of West Texas Intermediate, which lost 0.33% on Monday, was last seen trading at $57.85, adding 0.55% on a daily basis.

On Monday, the United Nation's atomic watchdog said that its inspectors confirmed that Iran has enriched uranium beyond the purity limit set by the nuclear deal and White House national security adviser Bolton said that they will increase the pressure on Iran until it abandons its nuclear weapons program.

Escalating geopolitical tensions in the Middle East supported crude oil prices by hinting at supply disruptions but the dismal demand outlook doesn't allow commodities to gain traction.

Earlier today, Commerce Secretary Ross said Chinese tech-giant Huawei was still on the Entity List. Meanwhile, Chinese news outlet South China Morning Post reported that Chinese President Xi refused to make a specific commitment to agricultural purchases despite Donald Trump's pressure during G20.

Later in the day, markets will be paying close attention to the weekly API crude oil stock report, which last week showed a decline of 5 million barrels last week.
Technical levels to watch for

persistence and determination alone are omnipotent
  • #2,470
  • Jul 9, 2019 12:32pm Jul 9, 2019 12:32pm
Quoting detector
{quote} Hi Li, your set up was on the button, if you seen this one you'll see the next, yeah work, me too, the fact I have to go is enough, never mind having to do any, this time next year we'll be fed up with sea, sand and sunD
Working on optimizing my old system by adding some fib pivot points from davids pivot thread. Got to keep up with those private island trading guys
persistence and determination alone are omnipotent
  • #2,471
  • Jul 9, 2019 1:34pm Jul 9, 2019 1:34pm
Surprised we never seen a fall of late, pundits talking of energy slow down hence my stance on a fall to 47, seems last string of news is the difference here, think API no's out today, may have an impact, still short, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,472
  • Jul 9, 2019 1:45pm Jul 9, 2019 1:45pm
Quoting detector
Surprised we never seen a fall of late, pundits talking of energy slow down hence my stance on a fall to 47, seems last string of news is the difference here, think API no's out today, may have an impact, still short, D
Hope API will trigger downfall. WTI still ranging
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persistence and determination alone are omnipotent
  • #2,473
  • Jul 9, 2019 3:41pm Jul 9, 2019 3:41pm
Spike up!! any thing news related??D
EDIT
Could only say it would follow through, 80pip spike not common around these parts, maybe ten years back, LOL,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,474
  • Jul 9, 2019 3:50pm Jul 9, 2019 3:50pm
Quoting Ll1979
{quote} Hi D, First target 58 second target 58,80. {image}
Li, you called it, it hit the targetD
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,475
  • Jul 9, 2019 4:05pm Jul 9, 2019 4:05pm
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I don't need to be good at the game, only good enough to beat my opponent,
  • #2,476
  • Jul 9, 2019 4:30pm Jul 9, 2019 4:30pm
A spike, but not necessarily a range breakout. Up looks more likely than down.
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  • #2,477
  • Jul 9, 2019 5:14pm Jul 9, 2019 5:14pm
Quoting timingchain
A spike, but not necessarily a range breakout. Up looks more likely than down. {image}
MMM, would tend to agree TC, indicators still negative on my side though, seeing the upside here though, will stay with the short and evaluate, thanks for the heads up, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,478
  • Jul 9, 2019 6:20pm Jul 9, 2019 6:20pm
Short closed at a loss, had a few times in profit but wasn't going to be anywhere near my 47 target soon, maybe another day, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,479
  • Edited 10:40pm Jul 9, 2019 10:27pm | Edited 10:40pm
short prefer if break 58.40 , target at 58.00
  • #2,480
  • Jul 10, 2019 2:20am Jul 10, 2019 2:20am
Long EU @ 1.12129
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persistence and determination alone are omnipotent
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