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WTI Crude Oil Trading

  • #2,721
  • Jul 21, 2019 3:40pm Jul 21, 2019 3:40pm
So here is my close on Friday USD/MXN not wanting to hold over the weekend I closed, could have had an earlier profit, small but profit, instead held for the break, never happend, will be an interesting open tonight, enjoy, D
EDIT
Long position if not apparent, D
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I don't need to be good at the game, only good enough to beat my opponent,
  • #2,722
  • Jul 21, 2019 3:46pm Jul 21, 2019 3:46pm
Guys, Gals, this is the "oil thread" feel I'm in breach of what the thread is all about, more than willing to open a new thread more relevant, without a moderator I have no direction other than the masses, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,723
  • Jul 21, 2019 4:25pm Jul 21, 2019 4:25pm
Quoting detector
Guys, Gals, this is the "oil thread" feel I'm in breach of what the thread is all about, more than willing to open a new thread more relevant, without a moderator I have no direction other than the masses, D
Keep posting buddy! If there are complaints then we can always make the private island thread
persistence and determination alone are omnipotent
  • #2,724
  • Jul 21, 2019 4:48pm Jul 21, 2019 4:48pm
Quoting Ll1979
{quote} Keep posting buddy! If there are complaints then we can always make the private island thread
Li, you always know what to say and when, thank you, I remember a little town call imugen, not sure if it's the right spelling, do you know it, what great people, if your anywhere on the same level, and sure you are, it comes as no surprise to your warmth, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,725
  • Jul 22, 2019 1:53am Jul 22, 2019 1:53am
If any of you guys need to access you pc from your phone this works brilliantly

https://support.google.com/chrome/an...DAndroid&hl=en
All charts/ideas based on UK time zone
  • #2,726
  • Jul 22, 2019 3:00am Jul 22, 2019 3:00am
Quoting sponge
My indi's suggest a drop at the open, support 55.63/30 My thinking is a good forage down, kick out the bears and head north 55.27 looks like the lower channel line at the moment, below this would change my view, timing suggests 23rd July for a turn but it could be sooner so I'm watching and looking for a setup Volume is not too clear for me but 56 is key because it bugged me so mutch on Friday lol Good luck all
Crapped out top of channel +40

Think it still bullish may re-enter
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All charts/ideas based on UK time zone
  • #2,727
  • Jul 22, 2019 3:06am Jul 22, 2019 3:06am
Quoting sponge
{quote} Crapped out top of channel +40 Think it still bullish may re-enter {image} {image}
nice sponge!

only a few bucks for me on a gold trade.

WTI also broke out
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persistence and determination alone are omnipotent
  • #2,728
  • Jul 22, 2019 3:14am Jul 22, 2019 3:14am
BRN looks bullish as well, might see 64.20 last thurs high, WTI has a symmetry target in 57.50 area looks like it's going for it
All charts/ideas based on UK time zone
  • #2,729
  • Jul 22, 2019 3:22am Jul 22, 2019 3:22am
Quoting sponge
BRN looks bullish as well, might see 64.20 last thurs high, WTI has a symmetry target in 57.50 area looks like it's going for it

looking at H4 my targets are

 

  1. 57 area
  2. 57,44
  3. 57,8x/9x area Camarilla H3 + fib ext 161.8

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persistence and determination alone are omnipotent
  • #2,730
  • Jul 22, 2019 3:31am Jul 22, 2019 3:31am
Quoting Ll1979
{quote} looking at H4 my targets are 57 area 57,44 57,8x/9x area Camarilla H3 + fib ext 161.8 {image}
I have a bit of a conflict between the frames, I need to walk away else I'll just jump in a maybe regret it ..holding on to my 40 pieces of silver for now
All charts/ideas based on UK time zone
  • #2,731
  • Jul 22, 2019 3:44am Jul 22, 2019 3:44am
Quoting sponge
{quote} I have a bit of a conflict between the frames, I need to walk away else I'll just jump in a maybe regret it ..holding on to my 40 pieces of silver for now
Walk away ... create a trade plan and follow it. The trade plan will prevent you from those impulse entries we all have from time to time (and mostly cost us money )

I might take the retest of 56,4x if that happens else taking other opportunities.
persistence and determination alone are omnipotent
  • #2,732
  • Jul 22, 2019 5:14am Jul 22, 2019 5:14am
WTI RALLIES HARD TO TEST $ 57 MARK ON ESCALATING GULF TENSIONS
22 July 2019, 12:37

 

  1. Rising UK-Iran geopolitical tensions risk supply disruption, oil jumps.
  2. Stronger USD, Libyan output resumption to limit the gains?
  3. Next of relevance is the US supply report, as the focus stays on trade and geopolitics.

The latest upsurge in WTI (futures on Nymex) gained further traction in the European session, as the oil bulls take on the 57 handle, supported by the supply disruption concerns amid escalating Gulf crisis.
Last week’s seizure of the two British tankers by Iran in the Strait of Hormuz further fuelled the already rife Middle East tensions, with the UK now weighing responses to the issue with few good options. Mounting Gulf tensions threaten supply disruption, as the Hormuz Strait is oil’s key trade way.
However, the gains appear limited by a broadly stronger US dollar, as markets price-out a 50bps Fed rate hike next week. A stronger greenback makes the USD-sensitive oil expensive for the holders in foreign currencies.
Further, the resumption of the output at the Libyan main oilfield, Sharara, also weighs in on the black gold’s latest upmove. “The Sharara oilfield resumed production at half capacity on Monday after being shut down since Friday, which caused an output loss of about 290,000 barrels per day (bpd),” Reuters reports.
Looking ahead, markets await some clarity on the US-China trade talks and the US weekly crude supplies report for fresh impetus while Gulf tensions will continue to remain the main driver.

persistence and determination alone are omnipotent
  • #2,733
  • Edited 11:35am Jul 22, 2019 9:59am | Edited 11:35am
Hi all, hope your well, Still have WTI in a down trend however the 4hr has produced an up signal, how valid I'm not sure as they do happen, on a 50/50 still favour down, the fact the price has not zoomed up leaves concern as to how world issues are really affecting the price situation.
Had a few trades made this morning, think adjustments are needed to my break even level, still, a profit is a profit,D
EDIT
Update, D
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I don't need to be good at the game, only good enough to beat my opponent,
  • #2,734
  • Jul 22, 2019 11:00am Jul 22, 2019 11:00am
h1
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yes yes yes
  • #2,735
  • Jul 22, 2019 11:38am Jul 22, 2019 11:38am
How far each side of 56 ?

Seems to me 56 is the dogs thingies at the moment

It was bugging me last week as well

We have a positive slant on volume for now but not by much.
All charts/ideas based on UK time zone
  • #2,736
  • Jul 22, 2019 11:43am Jul 22, 2019 11:43am
Quoting Moty
h1 {image}
Nice chart Monty, judging by the traits of price and channel, the wickes on the candles could be revealing buying on dips, I have 57.62 close above or break could resume the uptrend, however, think the price may need to go as far as 54 before any advance, only my opinion, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,737
  • Jul 22, 2019 11:45am Jul 22, 2019 11:45am
Quoting sponge
{quote} Crapped out top of channel +40 Think it still bullish may re-enter {image} {image}
Sponge, great moves there, D

Quoting Ll1979
{quote} nice sponge! only a few bucks for me on a gold trade. WTI also broke out {image} {image}
Li, as ever, a profit is a profitD
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,738
  • Jul 22, 2019 11:53am Jul 22, 2019 11:53am
Anyone looking at the Dow?,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,739
  • Jul 22, 2019 11:55am Jul 22, 2019 11:55am
Quoting detector
{quote} Sponge, great moves there, D {quote} Li, as ever, a profit is a profitD
The Grand Master fund also has a good day

Let that account grow with the power of compounding interest
persistence and determination alone are omnipotent
  • #2,740
  • Jul 22, 2019 11:59am Jul 22, 2019 11:59am
Quoting Ll1979
{quote} The Grand Master fund also has a good day Let that account grow with the power of compounding interest
Thanks Li, currently have 5 on the boil at the moment, seems my BE level may be a little tight, the USD/MXN would have been worth holding over the weekend, (hindsight) all said a small profit is moving in the right direction, just need a fine tuneD
I don't need to be good at the game, only good enough to beat my opponent,
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