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WTI Crude Oil Trading

  • #6,381
  • Edited 11:26am Feb 20, 2020 4:54am | Edited 11:26am
Quoting MzansiObi
{quote} looking to go long again.... First obstacle still at that 54.2 handle {image}
Goodluck everyone!
rennstimp
  • #6,382
  • Feb 20, 2020 8:05am Feb 20, 2020 8:05am
Quoting sponge
{quote} Second target reached at 52.30, more upside is indicated above this level, possible 53.03/54.05 imo Testing last weeks high atm.
54.05 target reached, more upside if it holds but I think it could be limited, resistance 54.05/22

I could be wrong of course, not too confident atm
All charts/ideas based on UK time zone
  • #6,383
  • Feb 20, 2020 9:19am Feb 20, 2020 9:19am
Inventory numbers coming out soon it could be the catalyst for more upside
  • #6,384
  • Feb 20, 2020 9:42am Feb 20, 2020 9:42am
Quoting Kwame Freder
Inventory numbers coming out soon it could be the catalyst for more upside
It won't go higher. it's already priced in
  • #6,385
  • Feb 20, 2020 10:16am Feb 20, 2020 10:16am
So even inventory couldnt push it more up. Reason was obvious..... But if it sustains here. It may go uo to 55.50 by end of this week...
  • #6,386
  • Feb 20, 2020 12:06pm Feb 20, 2020 12:06pm
Very nice and in tune with previous posts/predictions... Glad to see it finally came through... Will track it closely for the next week and then I might jump on the BUY train due to seasonality and corona fading maybe...
Can you afford to take that chance?
  • #6,387
  • Feb 21, 2020 1:00am Feb 21, 2020 1:00am
Support 53.36 bearish below
All charts/ideas based on UK time zone
  • #6,388
  • Feb 21, 2020 3:05am Feb 21, 2020 3:05am
will oil prices move down to find support at the 50 levels due to corona virus?
  • #6,389
  • Feb 21, 2020 5:42am Feb 21, 2020 5:42am
Quoting Alex0
will oil prices move down to find support at the 50 levels due to corona virus?
Just a correction.
  • #6,390
  • Feb 21, 2020 7:29am Feb 21, 2020 7:29am
Buying at this level hoping for a nice Friday rally
  • #6,391
  • Feb 21, 2020 8:19am Feb 21, 2020 8:19am
And now with retest we open that FAT LONG 52.9 ALL THE WAY TO 110

THE START OF THE LONG WAITED BLACK GOLD HAS BEGUN

seriously 52.9 / sl 51, goodluck everyone!
rennstimp
  • #6,392
  • Feb 21, 2020 9:42am Feb 21, 2020 9:42am
Friday shenanigans, fake moves in both directions
  • #6,393
  • Feb 21, 2020 9:58am Feb 21, 2020 9:58am
52.60 is so far providing good support.. Lets see if this week ends up above it. Seems like it will be tested again n again before end of day/ week.... So far i will still wait for next week trend... As no positve news from opec+ and delay in oil cuts decison. But on tech lvls if this week also closes above 52.60.... Bearish trend is most likely over...
  • #6,394
  • Feb 21, 2020 12:40pm Feb 21, 2020 12:40pm
Quoting auricforecas
Very nice and in tune with previous posts/predictions... Glad to see it finally came through... Will track it closely for the next week and then I might jump on the BUY train due to seasonality and corona fading maybe...
First time in a long time that all observed markets are going "as they should"... We will see if that holds within a week! Literally.
Can you afford to take that chance?
  • #6,395
  • Feb 21, 2020 12:43pm Feb 21, 2020 12:43pm
Quoting Kwame Freder
Friday shenanigans, fake moves in both directions
Attached Image

What if the FAKEs were BEFORE? Do not answer, TRADE the info! See what happens. Market is the best learner.
Can you afford to take that chance?
  • #6,396
  • Feb 21, 2020 2:19pm Feb 21, 2020 2:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: oil.png Size: 24 KB
yes yes yes
  • #6,397
  • Feb 22, 2020 1:33pm Feb 22, 2020 1:33pm
Inserted Video
persistence and determination alone are omnipotent
  • #6,398
  • Feb 23, 2020 11:43am Feb 23, 2020 11:43am
Oil Decision Point 2020

Attached Image (click to enlarge)
Click to Enlarge Name: CL.jpg Size: 173 KB


Here is a weekly chart of oil... a longer term perspective of sort. The levels identified here and the momentum swings over the course of 35 years or so, are maybe setting up a Decision Point in 2020. The levels to watch is the channel between 42 and 77 dollars as well as the multi year wedges forming in both price and momentum. Anticipating anther big move one way or the other. How price and momentum act from here to the end of the year will determine breakout direction. Current price action I think is at an equilibrium.
  • #6,399
  • Feb 23, 2020 2:42pm Feb 23, 2020 2:42pm
I have a bit of a conflict on the larger frames for wti

I think 53.31/22 are key, bearish below
All charts/ideas based on UK time zone
  • #6,400
  • Feb 23, 2020 3:18pm Feb 23, 2020 3:18pm
Guys, have you priced in the Corona? Some rather BIG news around it over the weekend (EU/IT situation) so we shall see now what/if kind of effect this has...
The question is, "reebok or the nike". Which one is UP is UP to you Regardless, we gonna se some serious RITMO in the markets this week, that is for sure!
Can you afford to take that chance?
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