WTI Crude Oil Trading

Not my preferred position but taken a long, target 59.50 chart is talking up,D
EDIT
closed Dow short, will keep an eye on though, don't think its over, D

Move up needs to happen soon or the signal has failed for me then I'll closeD

We've been in this tight range for a couple days. I think today we break out of this range. I just am not sure on the direction. My bias is that it heads lower to end the week.

Madly enough I have a change of heart and the chart is saying up, the daily has changed but the spike/gap has altered things, the gap will be made there's nothing so sure, if only it was an organic rise, not that there is anything safe but longs would have been a little more palatable, I'm of the opinion now the price may well spike up, range, down to close the gap (rapidly) with a steady rise, oh what a forecast, if that were horses the bet coming in would net a millionD, as I type the price is making a move, lets hope it's to 59.50.

Shorted the Dow for another speculative punt,seems WTI is not being conventional, all strange although energies were holding the Dow, not convinced still, maybe wrong, D

Closed WTI long, too slow, Dow short still open, D
EDIT
Still hold my 25900 for the Dow, will monitor though,

WTI STUCK IN RANGE BELOW $ 59, STILL EYES 7% WEEKLY GAIN
20 September 2019, 13:03

 

1. WTI supported by rife Mid-East tensions, but awaits fresh impetus.
2. Geopolitical and trade developments to dominate amid US Rigs Count data.

WTI (futures on Nymex) extends its consolidative mode into a third straight day on Friday, as the prices continue to gyrate around 58.60 levels. Despite the side-trend, the black gold remains on track to book over 7% weekly gain.
Upside appears more compelling after Saudi attacks
The barrel of WTI holds onto the overnight gains after Saudi state media reported that Saudi-led coalition launches military operation in Yemen, in response to last Saturday’s Houthi attack on the Kingdom’s oil facilities that knocked-out 5% of the global supplies.
However, the bulls lack follow-through amid receding fears over Saudi supply disruption after Saudi Aramco Executive said that “we are confident of returning to full production by the end of September”. Moreover, cautious risk sentiment also keeps the bulls on the edge, as markets eagerly await clarity on the US-China trade front, with the trade negotiations restarted on Thursday.
Also, markets take it easy after a busy central banks’ heavy week, leaving the rates largely in the familiar ranges below 59.50 levels. All eyes now remain on the Baker Hughes US Rigs Count data and Mid-East developments for the next push higher in oil.

Cramer explains it well

Very little chit chat today, always looking forward to seeing the board, WTI in limbo, still short the Dow, long Gold, anyone giving their board moves today given WTI is quiet, D

Wow, closed Dow with the spike, Gold too

You'll get the next one champ!

united states baker hughes us oil rig count: 719 vs previous 733

Wow man, thanks, it is really good to (also) see some of more "alternative" type of guy syncing with (some) of ours south views

This video is actually good!

I heard a podcast interview with him this week. I generally find him noisy and annoying, which kinda works for him because he's a showman. Respect his energy though. His work ethic is incredible, somehow maintaining at least some knowledge on such a wide array of instruments.

Good call... not! Round two coming up though, here we go!!

Hello Li, hope your good, ironically I've been watching the board all day with very little activity, so thought I'd make some conversation with my post, after posting my position the Dow and Gold went crazy so closed out for some sheckles,, maybe WTI going to repay the favour for shorters on Sunday and gap down, have a great weekend all, D

TC, as ever, between Li and yourself, it's hard to choose the most informative, how about a tie and a fight when we meet at the Islanders convention, regards, D

Haven't been that active lately hope i get some spare moments next week. Have a great weekend sheckleman