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WTI Crude Oil Trading

  • #4,181
  • Oct 2, 2019 4:50pm Oct 2, 2019 4:50pm
For WTI perspective:
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  • #4,182
  • Oct 2, 2019 5:05pm Oct 2, 2019 5:05pm
Quoting timingchain
{quote} The purpose of OPEC is to levitate crude prices = more expensive for consumers. Free for all means lower prices by competition = cheaper for consumers.
Spot on TC, a domino effect in the making, there's always someone selling it cheaper than the last, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,183
  • Oct 2, 2019 10:42pm Oct 2, 2019 10:42pm
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yes yes yes
  • #4,184
  • Oct 2, 2019 11:48pm Oct 2, 2019 11:48pm
Oil: Growth in US shale output is slowing – ANZ
3 October 2019, 07:42

According to ANZ analysts, oil market has quickly discounted the impact of the recent attack on oil facilities in Saudi Arabia, returning its focus to the weakening economic backdrop.
Key Quotes
“We remain convinced that the risk of further disruptions is high.”
“However, an acceleration in the slowdown in US shale oil supply will likely temper the impact of any decline in oil demand in 2020. The rig count has fallen and shale oil output has dropped from 150kbbls to only 53kbbls.”
“Overall, we expect the crude oil market to be relatively balanced in 2020, with growth in US shale oil falling to only 250kb/d.”
persistence and determination alone are omnipotent
  • #4,185
  • Oct 3, 2019 12:02am Oct 3, 2019 12:02am
Inserted Video
persistence and determination alone are omnipotent
  • #4,186
  • Oct 3, 2019 12:32am Oct 3, 2019 12:32am
Quoting Ll1979
Oil: Growth in US shale output is slowing – ANZ 3 October 2019, 07:42 According to ANZ analysts, oil market has quickly discounted the impact of the recent attack on oil facilities in Saudi Arabia, returning its focus to the weakening economic backdrop. Key Quotes “We remain convinced that the risk of further disruptions is high.” “However, an acceleration in the slowdown in US shale oil supply will likely temper the impact of any decline in oil demand in 2020. The rig count has fallen and shale oil output has dropped from 150kbbls to only 53kbbls.”...
Great points by ANZ, but I think a lot of the focus should be on demand right now. If the world is entering a slowdown there's going to be less demand and lower prices unless there's a major supply disruption.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #4,187
  • Oct 3, 2019 12:57am Oct 3, 2019 12:57am
Quoting auricforecas
{quote} Great post.. It is refreshing to hear some, specially experienced, guy talking about what really drives the markets (consumers)... Well breaking it down to the demographic (changes) would be pushing it but I like his logic... Not sure if I understood his views for the OIL in the near future... Is he suggesting to be careful with the SOUTH, implying NORTH? But regardless, I loved the consumers reasoning, low oil helping etc...
His point is derived from the correlation of equity and oil and the possibility that the equities will bounce from support.

BTW i don't hear the experts about the upcoming pipelines in the permian
persistence and determination alone are omnipotent
  • #4,188
  • Oct 3, 2019 1:47am Oct 3, 2019 1:47am
Good morning all,

Could anyone please advise which broker would allow me to open unleveraged positions in WTI crude oil? I would like to hold oil for longer periods and trying to avoid overnight financing which can work out to be quite expensive.

Or any other suggestions how to minimise overnight financing cost?

Best
  • #4,189
  • Oct 3, 2019 2:22am Oct 3, 2019 2:22am
Quoting sponge
I think we are nearing a turn at 52.12 This is pure chart and no fundies so be carefull +56 target if she goes
Looking for a hold around 52.40 if we go below I think 52.12 will be re-tested

Limited downside below 52.12 but old Sod is never far away
All charts/ideas based on UK time zone
  • #4,190
  • Oct 3, 2019 2:29am Oct 3, 2019 2:29am
Quoting tonny47
Good morning all, Could anyone please advise which broker would allow me to open unleveraged positions in WTI crude oil? I would like to hold oil for longer periods and trying to avoid overnight financing which can work out to be quite expensive. Or any other suggestions how to minimise overnight financing cost? Best
There are several options

  1. Future based CFD (no overnight financing maybe contract rollover costs)
  2. Futures

persistence and determination alone are omnipotent
  • #4,191
  • Oct 3, 2019 2:41am Oct 3, 2019 2:41am
Quoting sponge
{quote} Looking for a hold around 52.40 if we go below I think 52.12 will be re-tested Limited downside below 52.12 but old Sod is never far away
Could you post a nice chart with some cycle analysis Sponge?
persistence and determination alone are omnipotent
  • #4,192
  • Oct 3, 2019 3:28am Oct 3, 2019 3:28am
Quoting Ll1979
{quote} Could you post a nice chart with some cycle analysis Sponge?
Hi LI, Cycles on daily chart with PB set to 2,14,100 only show levels for 14 , if you get stuck I'll send a chart on

Here's the daily with CCI 14, RSI 2 and MA's ...if MA white above sell white below buy, line em up with CCI/RSI, the MA's can help u stay in for the full move.

All good with hindsight of course.
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All charts/ideas based on UK time zone
  • #4,193
  • Oct 3, 2019 5:02am Oct 3, 2019 5:02am
Quoting sponge
{quote} Hi LI, Cycles on daily chart with PB set to 2,14,100 only show levels for 14 , if you get stuck I'll send a chart on Here's the daily with CCI 14, RSI 2 and MA's ...if MA white above sell white below buy, line em up with CCI/RSI, the MA's can help u stay in for the full move. All good with hindsight of course. {image}
Thnx!
persistence and determination alone are omnipotent
  • #4,194
  • Oct 3, 2019 7:54am Oct 3, 2019 7:54am
Oil: Lower demand and supply stability keeping the market comfortable – TD Securities
3 October 2019, 15:49

According to analysts at TD Securities, OPEC+ appears committed to sticking with its to plan, despite stark market signals which followed the largest potential supply disruption in recent memory, along with a slew of idiosyncratic disruptions which sent OPEC production to its lowest levels in years.
Key Quotes
“While the prospect of lower demand growth and supply stability is keeping the market comfortable in looking past the risks of further disruptions for now, the market is becoming increasingly concerned that while further cuts may be needed, it could be difficult for Saudi to persuade its allies to cut more when the cartel meets in December. Indeed, ABS acknowledged concerns about recessionary forces but continues to believe that they are being driven by negative expectations, with the IEA and the cartel still expecting 2020 demand growth to pick up significantly. Meanwhile, CTAs have increased their short positions across the energy complex as prices send firming downside trend signals which further fuel the bearish sentiment.”
persistence and determination alone are omnipotent
  • #4,195
  • Oct 3, 2019 9:22am Oct 3, 2019 9:22am
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yes yes yes
  • #4,196
  • Oct 3, 2019 10:56am Oct 3, 2019 10:56am
Quoting sponge
{quote} Looking for a hold around 52.40 if we go below I think 52.12 will be re-tested Limited downside below 52.12 but old Sod is never far away
They are having a good prod at 52.12, I think volume is switching positive but no confirmation yet, 52.12 still critical however 51.81 is shouting "pick me, pick me"

Could be a donkey level LOL

Can you tell I'm bored ?
All charts/ideas based on UK time zone
  • #4,197
  • Oct 3, 2019 11:41am Oct 3, 2019 11:41am
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yes yes yes
  • #4,198
  • Oct 3, 2019 12:41pm Oct 3, 2019 12:41pm
To any UK trader in here.

What does the Defence Union mean to you?

Nothing to do with trading I just need to know if anyone is aware of what is happening with our armed forces.

I have sent 3 emails to my local MP's with the same question but not one took the bother to reply...or they are just plain stupid and have no idea !!!!
All charts/ideas based on UK time zone
  • #4,199
  • Oct 3, 2019 1:36pm Oct 3, 2019 1:36pm
what a comeback
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yes yes yes
  • #4,200
  • Oct 3, 2019 4:34pm Oct 3, 2019 4:34pm
Quoting sponge
To any UK trader in here. What does the Defence Union mean to you? Nothing to do with trading I just need to know if anyone is aware of what is happening with our armed forces. I have sent 3 emails to my local MP's with the same question but not one took the bother to reply...or they are just plain stupid and have no idea !!!!
I have no idea what a DU is (although it doesn't sound good), but ...

A somewhat related issue: the EU was talking about coming in and constructing a strong I/NI wall (must have gotten the idea from Trump). I wondered if they forgot that Britain and Ireland have armies with which to defend their territory against invaders.
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