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WTI Crude Oil Trading

  • #6,141
  • Edited Jan 23, 2020 12:12am Jan 22, 2020 11:25pm | Edited Jan 23, 2020 12:12am
Quoting Ll1979
Long @ 55,71 CL 03-20
cashed waiting for a retest for other trading opportunities
Attached Image
persistence and determination alone are omnipotent
  • #6,142
  • Jan 22, 2020 11:43pm Jan 22, 2020 11:43pm
Quoting detector
{quote} Seems a good drop within the last few hours, typical I closed out yesterday but no regrets anyhow, be mindfull its at the bottom of the boundaries, something I mentioned in earlier posts, chart was already there and should have been bought up but my take was selling, well it's bounced out now, so a target of 55.50 or a bounce up, either way, it could be quick so keep vigilant, don't loose them hard earned profits, the corona virus will take it's toll somewhere, given the ChinUSA deal propping things up, this virus could undo some hard...
Well said detector!
For now, I am staying out of the market until I have a strong buy signal.
Good luck to you all
  • #6,143
  • Jan 23, 2020 12:16am Jan 23, 2020 12:16am
Quoting Ll1979
{quote} cashed waiting for a retest for other trading opportunities {image}
reentered @ 55,82
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persistence and determination alone are omnipotent
  • #6,144
  • Jan 23, 2020 12:59am Jan 23, 2020 12:59am
Quoting Ll1979
{quote} reentered @ 55,82 {image}
SL hit could have been much more that's the problem with trading on the daily job.
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persistence and determination alone are omnipotent
  • #6,145
  • Jan 23, 2020 3:24am Jan 23, 2020 3:24am
Good luck to all
I'm learning to trade oil
Mission n vision is mostly buy without sl
I start buying from 62.5 will keep buying upto 50
I will appreciate for guidance
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  • #6,146
  • Jan 23, 2020 5:53am Jan 23, 2020 5:53am
Down she goes. Wonder what effect the inventory numbers will have on this down trend
  • #6,147
  • Jan 23, 2020 6:54am Jan 23, 2020 6:54am
Quoting Kwame Freder
Down she goes. Wonder what effect the inventory numbers will have on this down trend
The risk is probably skewed to the downside and oil prices are probably going to get hit pretty hard if we see a build. With the momentum it's had recently, I think there could be some limited potential to gains after a draw. As we saw last week, distillates and gasoline inventories are going to be important factors in the direction of prices come release time.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #6,148
  • Jan 23, 2020 6:55am Jan 23, 2020 6:55am
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Make it Green
  • #6,149
  • Jan 23, 2020 6:56am Jan 23, 2020 6:56am
Time to watch for a clear long
Make it Green
  • #6,150
  • Jan 23, 2020 7:13am Jan 23, 2020 7:13am
Looking at the 4hr chart, what an opportunity for anyone who shorted from the top and had the b”lls to hold, think with prices being elevated production would be full swing while the strike price lasts, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,151
  • Jan 23, 2020 7:21am Jan 23, 2020 7:21am
Longing 54.91 / SL 52.9x honestly wasnt expecting to see it this price again.

Hopefully this time it'll unfold like last time but I wont let it run so loosely if green. Goodluck everyone!
rennstimp
  • #6,152
  • Edited 7:43am Jan 23, 2020 7:30am | Edited 7:43am
Quoting renNstimpy
Longing 54.91 / SL 52.9x honestly wasnt expecting to see it this price again. Hopefully this time it'll unfold like last time but I wont let it run so loosely if green. Goodluck everyone!
Increasing this same position abit more aggressively moved SL to 53.xx however
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rennstimp
  • #6,153
  • Jan 23, 2020 7:37am Jan 23, 2020 7:37am
Quoting louisfx
{image}{image}
Nice trade!
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persistence and determination alone are omnipotent
  • #6,154
  • Jan 23, 2020 7:44am Jan 23, 2020 7:44am
54$ is a strong support area. I left some waiting buy orders in the region in case we touch it today.
  • #6,155
  • Edited 9:58am Jan 23, 2020 8:05am | Edited 9:58am
Quoting renNstimpy
{quote} Increasing this same position abit more aggressively moved SL to 53.xx however {image}
Increased 54.87 trailing SL

Edit: Closed 1/2 orders at 55.xx / Same plan on other for now
rennstimp
  • #6,156
  • Jan 23, 2020 8:11am Jan 23, 2020 8:11am
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Which one is right?
Fortis Fortuna Adiuvat...
  • #6,157
  • Jan 23, 2020 8:13am Jan 23, 2020 8:13am
Definitely feels like bears are in control now
  • #6,158
  • Jan 23, 2020 8:15am Jan 23, 2020 8:15am
Quoting Up-trend
{image} Which one is right?
A draw is bulllish for oil prices, a build is bearish. Today we saw a larger than expected draw, so oil prices went up.

Quoting Kwame Freder
Definitely feels like bears are in control now
I originally thought that any upside gains would be limited. Sticking to my guns.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #6,159
  • Jan 23, 2020 8:16am Jan 23, 2020 8:16am
Quoting Up-trend
{image} Which one is right?
Most online source were expecting -1M
persistence and determination alone are omnipotent
  • #6,160
  • Jan 23, 2020 8:26am Jan 23, 2020 8:26am
Quoting Ll1979
{quote} Most online source were expecting -1M
Yes! I agree... But in one it is considered good, in another it is considered bad!

In other distillate data also very good, but WTI did not take off.

Well ... I think WTI found the bottom.
Fortis Fortuna Adiuvat...
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