This is what I'm thinking.
- #5,102
- Nov 20, 2019 8:03pm Nov 20, 2019 8:03pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #5,103
- Nov 20, 2019 10:12pm Nov 20, 2019 10:12pm
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #5,104
- Edited 11:42pm Nov 20, 2019 11:31pm | Edited 11:42pm
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
My analysis suggests ... Pros in = a new high possibly into the close Pros out = no new high and sub 56.83 Good night
No new high but no sub 56.83 either, this level produced the last sell off so bearish below
Apart from Monday sentiment remains well over the 50% mark.
I'd say volume is bullish for now but a close below 56.60 could ring alarm bells for the bulls in my opinion.
Good luck
All charts/ideas based on UK time zone
- #5,106
- Nov 21, 2019 1:20am Nov 21, 2019 1:20am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
All could get change... If we get the phase-1 deal signed...
Happy Trading
Happy Trading
Trades technical moves enforced by fundamentals
- #5,107
- Nov 21, 2019 2:55am Nov 21, 2019 2:55am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #5,108
- Nov 21, 2019 5:53am Nov 21, 2019 5:53am
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
All charts/ideas based on UK time zone
- #5,109
- Nov 21, 2019 6:18am Nov 21, 2019 6:18am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #5,111
- Nov 21, 2019 7:22am Nov 21, 2019 7:22am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
Testing water 
....Sold US OIL 5794, SL & TP open
Pending Sell Order 5807, SL & TP open
Happy Trading
....Sold US OIL 5794, SL & TP openPending Sell Order 5807, SL & TP open
Happy Trading
Trades technical moves enforced by fundamentals
- #5,112
- Nov 21, 2019 7:36am Nov 21, 2019 7:36am
Testing water
- #5,113
- Nov 21, 2019 7:43am Nov 21, 2019 7:43am
- Joined Aug 2012 | Status: Fundamental & Technical Analyst | 1,910 Posts
{quote} My bet is they are holding price here long enough for the double top traders to pile in before a run north smashing their stops.
Happy Trading
Trades technical moves enforced by fundamentals
- #5,115
- Nov 21, 2019 7:52am Nov 21, 2019 7:52am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
{image}
great confluence point
persistence and determination alone are omnipotent
- #5,116
- Nov 21, 2019 8:35am Nov 21, 2019 8:35am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #5,117
- Nov 21, 2019 8:46am Nov 21, 2019 8:46am
- Joined Apr 2019 | Status: Trader | 3,132 Posts
#WTI / H4 / Three Ideas 
- #5,118
- Nov 21, 2019 9:17am Nov 21, 2019 9:17am
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
Some guys on here were targeting 58 a while back well done 
It certainly has a bullish tone on the longer frames now but the indi's look a bit high on the lower atm
58.53 upside target if we get through LI's weekly pivot
It certainly has a bullish tone on the longer frames now but the indi's look a bit high on the lower atm
58.53 upside target if we get through LI's weekly pivot
All charts/ideas based on UK time zone
- #5,119
- Nov 21, 2019 9:21am Nov 21, 2019 9:21am
- Joined Apr 2019 | Status: Crypto fanatic | 1,589 Posts
Fellow OIL traders,
What's your stand on the environmental background of oil and the question whether the total supply is limited and how much or unlimited (that nature would tend to provide new resources if supply was slowing down long term)
I wrote a major about it back in school, where the climate debate about the potential end of OIL was fearmongered to could happen within 100 years.
I found out that back then, just current worldwide oil reserves could last (at current consumption rate) at least 80 years if everyone stopped pumping up new crude.
Maybe you got some inputs about these predictions yourself, not just in regard to price trading.
What's your stand on the environmental background of oil and the question whether the total supply is limited and how much or unlimited (that nature would tend to provide new resources if supply was slowing down long term)
I wrote a major about it back in school, where the climate debate about the potential end of OIL was fearmongered to could happen within 100 years.
I found out that back then, just current worldwide oil reserves could last (at current consumption rate) at least 80 years if everyone stopped pumping up new crude.
Maybe you got some inputs about these predictions yourself, not just in regard to price trading.
- #5,120
- Nov 21, 2019 9:42am Nov 21, 2019 9:42am
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
Fellow OIL traders, What's your stand on the environmental background of oil and the question whether the total supply is limited and how much or unlimited (that nature would tend to provide new resources if supply was slowing down long term) I wrote a major about it back in school, where the climate debate about the potential end of OIL was fearmongered to could happen within 100 years. I found out that back then, just current worldwide oil reserves could last (at current consumption rate) at least 80 years if everyone stopped pumping up new crude....
Just my opinion Lekkim, I like your work on volume how about you stick around and give us some volume prediction on oil
All charts/ideas based on UK time zone