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WTI Crude Oil Trading

  • #5,201
  • Nov 26, 2019 9:20am Nov 26, 2019 9:20am
long for 0.8 point
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yes yes yes
  • #5,202
  • Nov 26, 2019 10:35am Nov 26, 2019 10:35am
OPEC countries unanimously support extension of oil output cuts – TASS
26 November 2019, 18:27

The Petroleum Exporting Countries (OPEC) unanimously support an extension to the agreement on the reduction of oil output after March 2020 and continue to discuss whether a three or a six-month extension is needed, Russian news agency TASS reported on Tuesday, citing three sources familiar with talks.
"The extension of the agreement after March is the least we can do. But most likely we will not increase the reduction volume," one source told TASS and added that a six-month extension was one of the options while saying a three-month extension was more likely.
Crude oil prices edged lower on these remarks and the barrel of West Texas Intermediate was last seen trading at $58.05, still up 0.35% on the day.
persistence and determination alone are omnipotent
  • #5,203
  • Nov 26, 2019 10:51am Nov 26, 2019 10:51am
Nobody talking tonight ?
All charts/ideas based on UK time zone
  • #5,204
  • Nov 26, 2019 10:54am Nov 26, 2019 10:54am
Quoting sponge
Nobody talking tonight ?
Just in Sponge, will take a minute to check the posts, hope you've had a good day, took a buy early on but closed for a wee profit, nothing major, price doodled through the night, Asia wasn't interested either, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,205
  • Nov 26, 2019 10:57am Nov 26, 2019 10:57am
Quoting detector
{quote} Just in Sponge, will take a minute to check the posts, hope you've had a good day, took a buy early on but closed for a wee profit, nothing major, price doodled through the night, Asia wasn't interested either, D
Opened speculative sell 58.20 have this going up but volume/activity seems to have stalled, possibly waiting for the fall ??? D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,206
  • Nov 26, 2019 11:01am Nov 26, 2019 11:01am
Quoting detector
{quote} Just in Sponge, will take a minute to check the posts, hope you've had a good day, took a buy early on but closed for a wee profit, nothing major, price doodled through the night, Asia wasn't interested either, D
Just get the feeling we are heading north ...just a hunch though

Maybe we'll get a volume update from Lekkim
All charts/ideas based on UK time zone
  • #5,207
  • Nov 26, 2019 11:06am Nov 26, 2019 11:06am
Quoting sponge
{quote} Just get the feeling we are heading north ...just a hunch though Maybe we'll get a volume update from Lekkim
My sentiments too but chart showing indecision, punt, D
EDIT
Also indis at the top end, could be a pull back before resumption 50/50
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,208
  • Nov 26, 2019 11:14am Nov 26, 2019 11:14am
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yes yes yes
  • #5,209
  • Nov 26, 2019 11:16am Nov 26, 2019 11:16am
A down bar here could show rejection on the 30 min, a close above previous bar could show continuation, only another 15 mins to find out unless an inside bar, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,210
  • Nov 26, 2019 11:31am Nov 26, 2019 11:31am
Quoting detector
A down bar here could show rejection on the 30 min, a close above previous bar could show continuation, only another 15 mins to find out unless an inside bar, D
Good luck with the punt

I still think 58 is huge in volume terms so the bulls will want to hold.

Good game
All charts/ideas based on UK time zone
  • #5,211
  • Nov 26, 2019 11:34am Nov 26, 2019 11:34am
Quoting sponge
{quote} Good luck with the punt I still think 58 is huge in volume terms so the bulls will want to hold. Good game
It's moving down a little, possibly looking for buys at 58, volume/activity not supporting as said,maybe it's waiting for news
EDIT
bar closed on the 30min for rejection, see if it carries.
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,212
  • Nov 26, 2019 11:58am Nov 26, 2019 11:58am
Looking at the hourly for rejection too, currently showing traits of the 30 min, the closing bar will be lead/clues for me, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,213
  • Nov 26, 2019 12:08pm Nov 26, 2019 12:08pm
57.50 first target if it goes,will take an opportunist profit if need be, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,214
  • Nov 26, 2019 12:29pm Nov 26, 2019 12:29pm
Needs to beat the wicked green candle to continue, only my thoughts, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,215
  • Nov 26, 2019 12:44pm Nov 26, 2019 12:44pm
Quoting detector
Needs to beat the wicked green candle to continue, only my thoughts, D
Still short, would be concerned if the price reacted as previous, long wick, seems it may have given up with the continuation of a rise, possibly temporary, we never know if the past weeks are to be believed, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,216
  • Nov 26, 2019 12:49pm Nov 26, 2019 12:49pm
OK all, i'm off, speak later, will look in later on, good chess all, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,217
  • Nov 26, 2019 1:31pm Nov 26, 2019 1:31pm
A quick peek before bed

Volume is looking quite positive at the moment, 58.71 is next resistance if we go through, the initial target is 59.60

Good luck
All charts/ideas based on UK time zone
  • #5,218
  • Nov 26, 2019 1:34pm Nov 26, 2019 1:34pm
Quoting sponge
A quick peek before bed Volume is looking quite positive at the moment, 58.71 is next resistance if we go through, the initial target is 59.60 Good luck
Quite a stellar rise but still, indicators are now down, that can all change, still holding, GN Sponge, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,219
  • Nov 26, 2019 2:11pm Nov 26, 2019 2:11pm
Do not sell.
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Don't believe me just watch!
  • #5,220
  • Nov 26, 2019 2:23pm Nov 26, 2019 2:23pm
Quoting LCForex
Do not sell. {image}
Hello LC, bit conflicting but assume you have the price going down (on the chart) and you mean keep sell open do not close,
I don't need to be good at the game, only good enough to beat my opponent,
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