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WTI Crude Oil Trading

  • #4,681
  • Oct 23, 2019 7:39am Oct 23, 2019 7:39am
What does the released inventory mean for crude oil
  • #4,682
  • Oct 23, 2019 7:39am Oct 23, 2019 7:39am
Quoting sponge
{quote} I closed my long, now on the side, bullish view changing, possible limit to upside, really not sure at the moment so safer out. Good luck Edit ...also close longer term trade, I could be wrong about the change, my loss if I am. {image} {image}
NICE TRADE CHAMP!
persistence and determination alone are omnipotent
  • #4,683
  • Oct 23, 2019 7:50am Oct 23, 2019 7:50am
Quoting Ll1979
{quote} NICE TRADE CHAMP!
Hi Li, some PB...D showed up today on the M15,M30,H1

Hope you got some

thnx
All charts/ideas based on UK time zone
  • #4,684
  • Oct 23, 2019 7:59am Oct 23, 2019 7:59am
Quoting sponge
{quote} Hi Li, some PB...D showed up today on the M15,M30,H1 Hope you got some thnx
No trades for me Most of my time i am fed up with work. The breakout started just when i drove towards home.
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persistence and determination alone are omnipotent
  • #4,685
  • Oct 23, 2019 8:17am Oct 23, 2019 8:17am
Quoting deuce
{quote} Very good reasons for it to stay down for now. I believe though with all the bearish data it is holding up pretty well and all it might take is one positive data point for it to shoot higher.
That may of been all it took for the time being. Could be just a temporary spike and go back under 54. Waiting to see where it is at nymex close.
  • #4,686
  • Oct 23, 2019 8:54am Oct 23, 2019 8:54am
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yes yes yes
  • #4,687
  • Oct 23, 2019 9:10am Oct 23, 2019 9:10am
Quoting deuce
{quote} That may of been all it took for the time being. Could be just a temporary spike and go back under 54. Waiting to see where it is at nymex close.
I agree, the difference to the expectation doesn't mean the price should go up, and the inventory clearance sale is better than expected
  • #4,688
  • Oct 23, 2019 10:02am Oct 23, 2019 10:02am
Quoting luckyvictor
{quote} I agree, the difference to the expectation doesn't mean the price should go up, and the inventory clearance sale is better than expected
The first supply decline in 6 weeks was bullish news. Crude needs a glimmer of increased demand to support this or it may go back down soon.
  • #4,689
  • Oct 23, 2019 10:06am Oct 23, 2019 10:06am
Quoting auricforecas
Out of WTI mess atm... Waiting for TRAMA to settle... It might skydive, after... Don't be fooled by the glamour Plenty of OIL...
Huh man, WTI raising af... glad I didn't short.. but I plan to... maybe soon just after the mess is over... Markets in STALL, awaiting some key news that might come in the next 2 days... Have strong reason to believe so
Can you afford to take that chance?
  • #4,690
  • Oct 23, 2019 10:47am Oct 23, 2019 10:47am
Quoting deuce
{quote} The first supply decline in 6 weeks was bullish news. Crude needs a glimmer of increased demand to support this or it may go back down soon.
Actually, giving this steady climb of the price, this looks quite bullish for me in the short term future, possibly also back up by positive look of trade war?
  • #4,691
  • Oct 23, 2019 11:10am Oct 23, 2019 11:10am
Quoting Tinderdater
I entered long. 55.5 seems a safe target to me. {image}
Target hit
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You can lead a man to knowledge, but you can't make him think.
  • #4,692
  • Oct 23, 2019 5:28pm Oct 23, 2019 5:28pm
Quoting Tinderdater
{quote} Target hit {image}
What a run it had. After seeing that chart, I'm starting to turn bearish. Glad your target got hit!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #4,693
  • Oct 23, 2019 10:26pm Oct 23, 2019 10:26pm
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yes yes yes
  • #4,694
  • Oct 23, 2019 11:10pm Oct 23, 2019 11:10pm
Quoting sponge
{quote} I closed my long, now on the side, bullish view changing, possible limit to upside, really not sure at the moment so safer out. Good luck Edit ...also close longer term trade, I could be wrong about the change, my loss if I am. {image} {image}
Closed out too soon yesterday

Still defying gravity, 55.20 could turn to support but I think we are bearish below this level, monthly chart shows the picture.

Good luck
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All charts/ideas based on UK time zone
  • #4,695
  • Oct 23, 2019 11:26pm Oct 23, 2019 11:26pm
#WTI / H4 / Four Ideas
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  • #4,696
  • Oct 24, 2019 8:33am Oct 24, 2019 8:33am
No trades for me today.
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All charts/ideas based on UK time zone
  • #4,697
  • Oct 24, 2019 10:04am Oct 24, 2019 10:04am
Quiet thread today
All charts/ideas based on UK time zone
  • #4,698
  • Oct 24, 2019 10:41am Oct 24, 2019 10:41am
Quoting sponge
Quiet thread today
Let's spice it up

I think WTI reached daily resistance level
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persistence and determination alone are omnipotent
  • #4,699
  • Oct 24, 2019 11:09am Oct 24, 2019 11:09am
Quoting Ll1979
{quote} Let's spice it up I think WTI reached daily resistance level {image}
57.25 next stop

Anyone else in ?
All charts/ideas based on UK time zone
  • #4,700
  • Oct 24, 2019 11:14am Oct 24, 2019 11:14am
It may have a bit more to run to the 200ma at 57.15
From there is anybody's guess.
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