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WTI Crude Oil Trading

  • #3,941
  • Sep 21, 2019 6:02am Sep 21, 2019 6:02am
Quoting Ll1979
{quote} Haven't been that active lately hope i get some spare moments next week. Have a great weekend sheckleman
Noticed that Li, we'll resume normal service soonD
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,942
  • Sep 21, 2019 7:04am Sep 21, 2019 7:04am
Attached Image (click to enlarge)
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yes yes yes
  • #3,943
  • Sep 21, 2019 9:30am Sep 21, 2019 9:30am
I absolutely love not only the fine analysis in this thread, but the camaraderie in it as well! Keep it up guys!
  • #3,944
  • Sep 21, 2019 12:02pm Sep 21, 2019 12:02pm
Quoting C8H18
I absolutely love not only the fine analysis in this thread, but the camaraderie in it as well! Keep it up guys!
C8H18, It's always been like this from my first visit here, the Gals & Guys, given there is no moderator, conduct themselves in a well behaved and kind manner, just goes to show, a world without rulers can still coexist if we're all leaders, our world may be pretty small though, about 10-20 D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,945
  • Edited 2:39am Sep 22, 2019 2:09am | Edited 2:39am
WTI looks weak, I think 58.60 is the key level for now, initial downside target 57.20, possible gap fill still in play targ 55.50 area.

I think sub 57.75 could confirm direction.

Smaller frames could kick off with some upside above 58.60 but I think it looks limited ...sod's law says targets 59.91/61.17 still possible tho

Of course news skews and all that but this is my 2p for now

Good luck

EDIT possible turn date 24th
All charts/ideas based on UK time zone
  • #3,946
  • Sep 22, 2019 3:43am Sep 22, 2019 3:43am
Quoting sponge
WTI looks weak, I think 58.60 is the key level for now, initial downside target 57.20, possible gap fill still in play targ 55.50 area. I think sub 57.75 could confirm direction. Smaller frames could kick off with some upside above 58.60 but I think it looks limited ...sod's law says targets 59.91/61.17 still possible tho Of course news skews and all that but this is my 2p for now Good luck EDIT possible turn date 24th
Welcome back Sponge hope you had a great vacation on your private island.
persistence and determination alone are omnipotent
  • #3,947
  • Sep 22, 2019 5:15am Sep 22, 2019 5:15am
Quoting Ll1979
{quote} Welcome back Sponge hope you had a great vacation on your private island.
Ditto, no excuses now,, you both have mail, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,948
  • Sep 22, 2019 5:45am Sep 22, 2019 5:45am
Sponge, we had a sneaky gap appear at open on Sunday, took many by surprise, apart from Monty who smashed it, a Saudi installation bombed and interrupted output, was all over the news so expect you seen it, from then on the price has ranged without direction, your prediction of a bull run could be turning right, I have the market going up but higher oil prices is conflicting with what my thoughts and the world's thoughts, for now though, the gap needs to fill for me to have a position with confidence, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,949
  • Sep 22, 2019 12:07pm Sep 22, 2019 12:07pm
Quoting detector
{quote} C8H18, It's always been like this from my first visit here, the Gals & Guys, given there is no moderator, conduct themselves in a well behaved and kind manner, just goes to show, a world without rulers can still coexist if we're all leaders, our world may be pretty small though, about 10-20 D
Absolutely and agreed 100%! The evidence is in this thread!

Quoting detector
Sponge, we had a sneaky gap appear at open on Sunday, took many by surprise, apart from Monty who smashed it, a Saudi installation bombed and interrupted output, was all over the news so expect you seen it, from then on the price has ranged without direction, your prediction of a bull run could be turning right, I have the market going up but higher oil prices is conflicting with what my thoughts and the world's thoughts, for now though, the gap needs to fill for me to have a position with confidence, D
Saudi stocks edge up ahead of fourth tranche of inclusion on FTSE Russel

This may have some predictive indication of the open.... this will be interesting to say the least!
  • #3,950
  • Sep 22, 2019 4:09pm Sep 22, 2019 4:09pm
Quoting C8H18
{quote} Absolutely and agreed 100%! The evidence is in this thread! {quote} Saudi stocks edge up ahead of fourth tranche of inclusion on FTSE Russel This may have some predictive indication of the open.... this will be interesting to say the least!
There seems a cycle on the 4hr, we're 350 points from making the gap, my indicators have shown this scenario/cycle happen with the price dropping then back up, however, past does not reflect the future as we all know but the 350 drop is all within the capabilities, previous highs to lows are around this level, we've just had another cycle last week, so if this carries on in the same vein, gap closed and a rise, or I could just be plain wrong.
Along with my stance on oil price, the world wants stability with lower prices so as to how or what is going to push the price up is anyone's guess, given that, I never seen the EUR/USD unbuttoning my shirt last week, good chess for this week all, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,951
  • Edited 4:47pm Sep 22, 2019 4:24pm | Edited 4:47pm
EUR/MXN, anyone trade this cross, just opened a speculative buy, the right side to be is the sells for the swaps, they seem huge, or have I gotten this wrong, seems the price is rapid to rise and very gentle to fall, has anyone any input, D
EDIT
Long EUR/USD
piecing my shirt back together if I make a profit.
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,952
  • Sep 22, 2019 5:18pm Sep 22, 2019 5:18pm
Quoting detector
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
Wasn't far short of my last week prediction, just taken a speculative short just now in making up the recent gap 40 point target, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,953
  • Sep 22, 2019 5:23pm Sep 22, 2019 5:23pm
Not the shrewdest of moves, but the gap keeps me hopeful, not as big as the last one and easier to fill, now 2 gaps, D
Attached Image (click to enlarge)
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I don't need to be good at the game, only good enough to beat my opponent,
  • #3,954
  • Sep 22, 2019 6:06pm Sep 22, 2019 6:06pm
Speculative short on the Dow, gaped at open, hoping to close, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,955
  • Sep 22, 2019 6:39pm Sep 22, 2019 6:39pm
Looks like WTI is going to fill the gap. About another .30 to go.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #3,956
  • Sep 22, 2019 6:44pm Sep 22, 2019 6:44pm
Quoting EventsTrader
Looks like WTI is going to fill the gap. About another .30 to go. {image}
I have one of two ET, either fill then up or fill and continue, going to move stop @BE+1 and let it run,Dow the same, good luck, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,957
  • Sep 22, 2019 6:55pm Sep 22, 2019 6:55pm
5min turned down so we may see a fall, getting tired now, the market has more patients than me, D
EDIT
Thinking the Dow could be due a fall, this could be the gap down from Fridays close if the gap closes and continues down, just a thought, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,958
  • Sep 22, 2019 7:16pm Sep 22, 2019 7:16pm
You can be assured if it rises from here without the gaps filled it only a matter of time, if the gaps fill and a rise is happening it's real, gaps are always filled, today, tomorrow, week, month, they will fill, I could just be wrong though, D
Attached Image (click to enlarge)
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I don't need to be good at the game, only good enough to beat my opponent,
  • #3,959
  • Sep 22, 2019 7:38pm Sep 22, 2019 7:38pm
Closed the Dow short for a small lossD
EDIT
back open, one more time
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,960
  • Sep 22, 2019 8:15pm Sep 22, 2019 8:15pm
Positions still open, will have to sleep on them, night all, D
I don't need to be good at the game, only good enough to beat my opponent,
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