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WTI Crude Oil Trading

  • #5,961
  • Jan 15, 2020 11:12am Jan 15, 2020 11:12am
Volume ticking a little. ready to pull when and if need be, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,962
  • Jan 15, 2020 11:21am Jan 15, 2020 11:21am
they're very busy today, shaking traders out of there trades.
  • #5,963
  • Jan 15, 2020 11:32am Jan 15, 2020 11:32am
Thinking I should have been more opportunist
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,964
  • Jan 15, 2020 11:55am Jan 15, 2020 11:55am
would love to see a close above 58.20 for the bulls
  • #5,965
  • Jan 15, 2020 12:03pm Jan 15, 2020 12:03pm
Quoting Kwame Freder
would love to see a close above 58.20 for the bulls
Finding it hard to see what would sustain it, thinking a slowdown will be raising it's ugly head, for now will short at any opportunity, that's if this one isn't the start, think there will be more value and less risk.
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,966
  • Jan 15, 2020 12:05pm Jan 15, 2020 12:05pm
Added again, 57.97 now fully submersedD
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,967
  • Jan 15, 2020 12:17pm Jan 15, 2020 12:17pm
Can I understand why everyone is bearish here in this thread ?
  • #5,968
  • Jan 15, 2020 12:19pm Jan 15, 2020 12:19pm
Quoting mga35
Can I understand why everyone is bearish here in this thread ?
I think it's going down, what's your thoughts MG, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,969
  • Jan 15, 2020 12:27pm Jan 15, 2020 12:27pm
Dow tanking, Naz too, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,970
  • Jan 15, 2020 1:48pm Jan 15, 2020 1:48pm
I’m not confident about it being bearish based on how the price reacts at certain levels. The inventory numbers pushed it down this morning but there was zero follow through. In fact it was bought into and taken right back into the range. It seems to be in a accumulation phase vs trending hence the haphazard up and down movements. And my bias is slightly tilted towards the bulls. Either way I’m not married to any side and will jump on board once it gets going
  • #5,971
  • Jan 15, 2020 1:55pm Jan 15, 2020 1:55pm
Quoting Kwame Freder
I’m not confident about it being bearish based on how the price reacts at certain levels. The inventory numbers pushed it down this morning but there was zero follow through. In fact it was bought into and taken right back into the range. It seems to be in a accumulation phase vs trending hence the haphazard up and down movements. And my bias is slightly tilted towards the bulls. Either way I’m not married to any side and will jump on board once it gets going
Fair balanced point KF, closing for the break, favouring the upside so will need to cover before close, still banging my drum, but as always could be and have been wrong, D
EDIT
Ordinarily wouldn't sell while the price at the lower boundaries, it would be a no brainer buy for me, but thing something has changed, suppose we'll see.
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,972
  • Jan 15, 2020 2:01pm Jan 15, 2020 2:01pm
Two things that I would like to share from my trading system:
The first plot shows the price volatility per hour (The timezone is in GMT).
Attached Image


The second plot shows oil seasonality in January:
Attached Image


For the seasonality plot we have:
Up count: 14 (Number of times that the prices increased in Jan)
Down count: 4 (Number of times that the prices decreased in Jan)
Mean: 6.648888888888888 (Average price move during January)
  • #5,973
  • Jan 15, 2020 2:28pm Jan 15, 2020 2:28pm
Quoting detector
{quote} I think it's going down, what's your thoughts MG, D
I am bullish
  • #5,974
  • Jan 15, 2020 2:38pm Jan 15, 2020 2:38pm
Quoting mga35
Two things that I would like to share from my trading system: The first plot shows the price volatility per hour (The timezone is in GMT). {image} The second plot shows oil seasonality in January: {image} For the seasonality plot we have: Up count: 14 (Number of times that the prices increased in Jan) Down count: 4 (Number of times that the prices decreased in Jan) Mean: 6.648888888888888 (Average price move during January)
This! thank you for posting
  • #5,975
  • Jan 15, 2020 3:08pm Jan 15, 2020 3:08pm
Added again 58.07
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,976
  • Jan 15, 2020 6:17pm Jan 15, 2020 6:17pm
Quoting detector
Added again 58.07
Morning Traders
taking yet another short on that retest of my entry line..
lets see....
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 672 KB
4&1 All Time Profit: $37,496
  • #5,977
  • Jan 15, 2020 6:18pm Jan 15, 2020 6:18pm
Quoting Cools81
Buying here at $58.10 for a target of $59.50 / $60 and $60.44 seems ok with 57.10 stop BUT terrible time for entry though. Time for entries is 8 hours away. if this moves in asia again? ill be very disappointed. January sure is being weird.
Will look for a buy near that 57.5 handle only mate....nice tussle between daily buyers and H1 sellers now....
4&1 All Time Profit: $37,496
  • #5,978
  • Jan 16, 2020 12:20am Jan 16, 2020 12:20am
Quoting Cools81
{quote} 58 handle now? looks like sellers took profit and now buyers got some control. hard to tell over this asia crap whos accumulating but always go with macro Id have break even trigger @ 58.60 and go for the 60.44. buy the london test if there is one. surely not again asia is the best price? Uk/Usa big boys must be holidaying in Asia. By the pool sippin mai tais and chuckin on a yard over asia.
Think it may have some leg room to the bottom abit but will still close bullish....yesterdays low may well be revisited...just looking at the momentum
4&1 All Time Profit: $37,496
  • #5,979
  • Jan 16, 2020 1:51am Jan 16, 2020 1:51am
IEA: Oil demand growth estimates for 2020 unchanged at 1.2mln bpd
16 January 2020, 11:12

In its January month oil market report, the International Energy Agency (IEA) offers the following projections while warning that the Mid East crisis is far from over.
Key Highlights:
Iraq oil supply potentially vulnerable amid rising political risks in the region.
US-Iran tensions and Iraqi protests had only minimal impact on oil operations.
But fragile situation may limit Iraq's plans to expand oil production capacity.
That may make it difficult for global industry to meet rising long-term demand.
persistence and determination alone are omnipotent
  • #5,980
  • Jan 16, 2020 2:14am Jan 16, 2020 2:14am
Entered long @57.90. let's see
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