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WTI Crude Oil Trading

  • #6,361
  • Feb 14, 2020 9:34am Feb 14, 2020 9:34am
Quoting UnoWoo
Corona and weaker demands for oil could easily bring us down to 45.50 (fast)!? {image}
we are not going there
  • #6,362
  • Feb 14, 2020 12:54pm Feb 14, 2020 12:54pm
Quoting fool
{quote} we are not going there
Care to expand ?
All charts/ideas based on UK time zone
  • #6,363
  • Feb 14, 2020 2:02pm Feb 14, 2020 2:02pm
Quoting sponge
{quote} Care to expand ?
absolutely not
  • #6,364
  • Feb 15, 2020 2:10pm Feb 15, 2020 2:10pm
Quoting fool
{quote} absolutely not
Oh go on
All charts/ideas based on UK time zone
  • #6,365
  • Feb 15, 2020 2:59pm Feb 15, 2020 2:59pm
Here you go, a correlation matrix of daily closing prices of major instruments.
Correlation is calculated on data samples from "2019-04-09" to "2020-02-14". Enjoy

For info, correlation r is closest to:

  1. Exactly –1. A perfect downhill (negative) linear relationship
  2. –0.70. A strong downhill (negative) linear relationship
  3. –0.50. A moderate downhill (negative) relationship
  4. –0.30. A weak downhill (negative) linear relationship
  5. 0. No linear relationship
  6. +0.30. A weak uphill (positive) linear relationship
  7. +0.50. A moderate uphill (positive) relationship
  8. +0.70. A strong uphill (positive) linear relationship
  9. Exactly +1. A perfect uphill (positive) linear relationship

Attached File(s)
File Type: csv corr_1y.csv   65 KB | 509 downloads
  • #6,366
  • Feb 15, 2020 3:12pm Feb 15, 2020 3:12pm
Quoting mga35
Here you go, a correlation matrix of daily closing prices of major instruments. Correlation is calculated on data samples from "2019-04-09" to "2020-02-14". Enjoy For info, correlation r is closest to: Exactly –1. A perfect downhill (negative) linear relationship –0.70. A strong downhill (negative) linear relationship –0.50. A moderate downhill (negative) relationship –0.30. A weak downhill (negative) linear relationship 0. No linear relationship +0.30. A weak uphill (positive) linear relationship +0.50. A moderate uphill (positive) relationship...
Have you modelled it for nCoV and without, how much of an effect it might have? If you have that component in estimated %, it would be great
I myself still struggling with estimation how much of the nCoV is in those prices... Might found out next week... there are some charts that suggests we might get to the trajectory/component of it..
Can you afford to take that chance?
  • #6,367
  • Feb 15, 2020 3:20pm Feb 15, 2020 3:20pm
Quoting auricforecas
{quote} Have you modelled it for nCoV and without, how much of an effect it might have? If you have that component in estimated %, it would be great I myself still struggling with estimation how much of the nCoV is in those prices... Might found out next week... there are some charts that suggests we might get to the trajectory/component of it..
That's a good idea to check on . I will do it later
  • #6,368
  • Feb 17, 2020 1:32am Feb 17, 2020 1:32am
17 February 2020


Following the continued H1 close above the 51.2 handle last week, will be looking at buying dips on this pair for the next couple of sessions.
First bullish target becomes the 54.26 handle ...
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 246 KB
4&1 All Time Profit: $37,496
  • #6,369
  • Feb 17, 2020 11:06am Feb 17, 2020 11:06am
Attached Image (click to enlarge)
Click to Enlarge Name: oil.png Size: 29 KB
Attached Image (click to enlarge)
Click to Enlarge Name: oil1.png Size: 34 KB
yes yes yes
  • #6,370
  • Feb 17, 2020 11:39am Feb 17, 2020 11:39am
PPL strong UP suggested... Also wonder if we breached the inflection point to enter the LONGer LONG UP Trend Will track it closely one, can be any day now..
Also many short-term BUY opportunities in the meantime...
Can you afford to take that chance?
  • #6,371
  • Feb 17, 2020 11:40am Feb 17, 2020 11:40am
Quoting Moty
{image}{image}
YES
Attached Image
Can you afford to take that chance?
  • #6,372
  • Feb 18, 2020 1:51am Feb 18, 2020 1:51am
WTI looks a tad bearish below 52.30
All charts/ideas based on UK time zone
  • #6,373
  • Feb 18, 2020 8:08am Feb 18, 2020 8:08am
Resistance around 52.30 held. The question now is will support below hold as the coronavirus news continues to depress the oil market
  • #6,374
  • Feb 18, 2020 12:33pm Feb 18, 2020 12:33pm
Quoting Moty
{image}{image}
Quoting auricforecas
{quote} YES {image}
We happy?

Inserted Video
Can you afford to take that chance?
  • #6,375
  • Feb 18, 2020 1:51pm Feb 18, 2020 1:51pm
Quoting sponge
WTI looks a tad bearish below 52.30
WTI has been tough to put a finger on. It seems like the coronavirus is in full control. If that's the case, we are definitely not out of the woods.
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0027 2-18-2020 2.51.46 PM.png Size: 99 KB
(source)
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #6,376
  • Feb 19, 2020 1:29pm Feb 19, 2020 1:29pm
Quoting EventsTrader
{quote} WTI has been tough to put a finger on. It seems like the coronavirus is in full control. If that's the case, we are definitely not out of the woods. {image}(source)
Yeah, have to check it closely... But todays signal/post was epic...
Can you afford to take that chance?
  • #6,377
  • Feb 19, 2020 4:10pm Feb 19, 2020 4:10pm
Attached Image (click to enlarge)
Click to Enlarge Name: oil.png Size: 27 KB
Attached Image (click to enlarge)
Click to Enlarge Name: oil1.png Size: 28 KB
yes yes yes
  • #6,378
  • Feb 19, 2020 8:43pm Feb 19, 2020 8:43pm
Have purposely tried to let this one run for the better part of this week and watch the daily closes......

We are at a key Inflection point now with this pair.

54.20 either holds and as resistance and allows to get in more longs on a buy dip towards on anything towards 52.52, alternatively if it breaks will wait for it to rally beyond it and then use that level as support once the rally gets exhausted.....

current buy order from 51.66 has stops trailing at 52.90......

let’s see.
4&1 All Time Profit: $37,496
  • #6,379
  • Feb 19, 2020 11:12pm Feb 19, 2020 11:12pm
Quoting renNstimpy
Long 51.22 SL 49~ Goodluck everyone
Closed <3
rennstimp
  • #6,380
  • Feb 20, 2020 1:09am Feb 20, 2020 1:09am
Quoting renNstimpy
{quote} Closed <3
looking to go long again....

First obstacle still at that 54.2 handle
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 210 KB
4&1 All Time Profit: $37,496
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