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WTI Crude Oil Trading

  • #5,721
  • Jan 7, 2020 2:12pm Jan 7, 2020 2:12pm
Quoting mga35
Any clues about the upcoming API data ?
Last week's API data showed a draw of -7.8 million and the week before that a draw of -7.9 mil. Historically inventories levels in EIA data have shown draws in late December and early January. If that's any indication, I'm thinking we see a draw possibly in the API data and EIA tomorrow. Then, I suspect we may start seeing inventory levels build again towards the middle of January and into the near future.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #5,722
  • Jan 7, 2020 5:23pm Jan 7, 2020 5:23pm
Don’t short oil in this climate
  • #5,723
  • Jan 7, 2020 6:49pm Jan 7, 2020 6:49pm
Quoting MzansiObi
{quote} Box still intact in terms of support at the moment..... {image}
There you go Kwame

Bullish breakout, now we look to challenge the 2019 high as next target to the upside...
Will remain patient though.....

WIll look for price to dip and continue along the same path of loading longs
Green Pips
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4&1 All Time Profit: $37,496
  • #5,724
  • Jan 7, 2020 10:46pm Jan 7, 2020 10:46pm
I just put my WTI rallycap on, we are going to 80 when this war breaks open!!

Long at 63.10.
  • #5,725
  • Jan 8, 2020 12:14am Jan 8, 2020 12:14am
Quoting Goat
I just put my WTI rallycap on, we are going to 80 when this war breaks open!! Long at 63.10.
hahahahah.

I hope your hat is big enough bud....

Price back near a buy zone, begun loading more longs onto this lets see how it plays out...
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4&1 All Time Profit: $37,496
  • #5,726
  • Jan 8, 2020 1:16am Jan 8, 2020 1:16am
The higher the better for shorts, as we go up we print bigger bearish divergences.
I can't wait to see the COT report at the end of the week and see what operators are doing on every market
COT: The precious data ignored
  • #5,727
  • Jan 8, 2020 1:48am Jan 8, 2020 1:48am
Quoting kuroro001
The higher the better for shorts, as we go up we print bigger bearish divergences. I can't wait to see the COT report at the end of the week and see what operators are doing on every market
For COT data (https://www.cftc.gov/MarketReports/C...ders/index.htm) which category do you exactly check? is it the "ICE Futures Europe"? or the "ICE – Futures Energy" ?
  • #5,728
  • Jan 8, 2020 2:49am Jan 8, 2020 2:49am
Quoting mga35
{quote} For COT data (https://www.cftc.gov/MarketReports/C...ders/index.htm) which category do you exactly check? is it the "ICE Futures Europe"? or the "ICE – Futures Energy" ?
I'm looking at the NYMEX
COT: The precious data ignored
  • #5,729
  • Jan 8, 2020 3:35am Jan 8, 2020 3:35am
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yes yes yes
  • #5,730
  • Jan 8, 2020 5:17am Jan 8, 2020 5:17am
Long @ 62,99
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persistence and determination alone are omnipotent
  • #5,731
  • Jan 8, 2020 6:00am Jan 8, 2020 6:00am
Quoting Ll1979
Long @ 62,99 {image}
SL hit @ 62,72 on breakout
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persistence and determination alone are omnipotent
  • #5,732
  • Jan 8, 2020 6:19am Jan 8, 2020 6:19am
Quoting Ll1979
{quote} SL hit @ 62,72 on breakout {image}
wait for the bounce at the bottom of the cahnnal
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yes yes yes
  • #5,733
  • Jan 8, 2020 6:29am Jan 8, 2020 6:29am
Quoting Ll1979
{quote} SL hit @ 62,72 on breakout {image}

We back testing that supportive line...

Lets see what it does...
Current long stops slightly below the previous daily low and the H1 200 handle....


Lets see.


*PS will keep recycling the entries and using the supportive structure till it breaks
4&1 All Time Profit: $37,496
  • #5,734
  • Jan 8, 2020 7:26am Jan 8, 2020 7:26am
Shorts are doing fine. But with trump speaking soon, and oil near support, its safer to clear everything for now

Best idea so far is to short rally still as per COT report

So i wouldn't mind another big shot up
COT: The precious data ignored
  • #5,735
  • Jan 8, 2020 7:29am Jan 8, 2020 7:29am
In the aftermath of last nights attacks it seems markets interpreting it as not a threat to oil supplies. Problem is no one knows what will happen in the coming days or weeks
  • #5,736
  • Jan 8, 2020 7:46am Jan 8, 2020 7:46am
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yes yes yes
  • #5,737
  • Jan 8, 2020 8:40am Jan 8, 2020 8:40am
82 pips profit
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yes yes yes
  • #5,738
  • Jan 8, 2020 9:36am Jan 8, 2020 9:36am
Quoting Moty
82 pips profit {image}
nice trading champ
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persistence and determination alone are omnipotent
  • #5,739
  • Jan 8, 2020 10:50am Jan 8, 2020 10:50am
Quoting MzansiObi
{quote} We back testing that supportive line... Lets see what it does... Current long stops slightly below the previous daily low and the H1 200 handle.... Lets see. *PS will keep recycling the entries and using the supportive structure till it breaks
Support broken.

now will wait to see if the previous leading line and entry line will dip back below the supportive line to give intra day signals to flip short....

Patient....
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4&1 All Time Profit: $37,496
  • #5,740
  • Jan 8, 2020 11:00am Jan 8, 2020 11:00am
Quoting MzansiObi
{quote} Support broken. now will wait to see if the previous leading line and entry line will dip back below the supportive line to give intra day signals to flip short.... Patient.... {image}
As per COT report, it was a big short, same for gold


Only buy scalp for oil can be made, but nothing more for now
COT: The precious data ignored
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