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WTI Crude Oil Trading

  • #6,421
  • Feb 24, 2020 8:50am Feb 24, 2020 8:50am
Quoting Ll1979
{quote} should have taken my own advise {image}
Will we fill the gaps ?
All charts/ideas based on UK time zone
  • #6,422
  • Feb 24, 2020 8:54am Feb 24, 2020 8:54am
Quoting sponge
{quote} Will we fill the gaps ?
if resistance breaks we might be for a breakout

update; increased
rennstimp
  • #6,423
  • Feb 24, 2020 9:23am Feb 24, 2020 9:23am
Shall we call it a bounce back dfrom 50.80 support? Where do chart statistics take us.. Its hanging arround and below 51.25 now... Seems like it will dip back again. Untill some positive news from opec+...
  • #6,424
  • Feb 24, 2020 9:46am Feb 24, 2020 9:46am
Quoting Sufi1985
Shall we call it a bounce back dfrom 50.80 support? Where do chart statistics take us.. Its hanging arround and below 51.25 now... Seems like it will dip back again. Untill some positive news from opec+...
I have a bit of a conflict in signals, the smaller frames look like a buy but I think the daily is a bit iffy for now so limited upside ???

Also volume for me looks negitive for now.

A break of 50.81 could take us below 50 but this is a huge support area

My 2 p

EDIT ...testing last monnths low atm 51.01
All charts/ideas based on UK time zone
  • #6,425
  • Feb 24, 2020 10:43am Feb 24, 2020 10:43am
Quoting sponge
{quote} Will we fill the gaps ?
Hard to tell if corona virus spreads to more countries i guess this 10 year bullmarket might end.
persistence and determination alone are omnipotent
  • #6,426
  • Edited 11:13am Feb 24, 2020 11:02am | Edited 11:13am
God what a stressful day boring day, vix canceled my xti loss, and sold my natgas for break even.

Cant believe I watched this market from Sydney opening i feel like ive been robbed of life

Going to sleep have a nice night everyone
rennstimp
  • #6,427
  • Feb 24, 2020 1:55pm Feb 24, 2020 1:55pm
Daily channel, monthly low, HI chart.

Missed the whole thing
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 25 KB
All charts/ideas based on UK time zone
  • #6,428
  • Feb 24, 2020 3:34pm Feb 24, 2020 3:34pm
Quoting Ll1979
{quote} Hard to tell if corona virus spreads to more countries i guess this 10 year bullmarket might end.
South Korea wasn't a big surprise but Italy and Iran were two countries I wouldn't have expected it to spread to. I don't think we are out of the woods yet. There could be more room to the downside for WTI.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #6,429
  • Feb 24, 2020 4:33pm Feb 24, 2020 4:33pm
Attached Image (click to enlarge)
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yes yes yes
  • #6,430
  • Feb 24, 2020 10:33pm Feb 24, 2020 10:33pm
Quoting MzansiObi
{quote} Sell setups confirmation is almost there, patiently waiting on the breakdown and retest..... {image}
25 February 2020
last piece of the puzzle has come together, now will wait for sell order to be filled as we seem to have found some supportive action from the 50.33 bounce...Stop loss a little wider as anticipating there may be a need to fill the gap....ideal stop would be above the previous daily high and the hard stop handle....

Lets see what it does...
Attached Image (click to enlarge)
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4&1 All Time Profit: $37,496
  • #6,431
  • Feb 25, 2020 1:24am Feb 25, 2020 1:24am
51.95 key level for me today, bearish below, break upside target is 52.24

Will we fill the gap?
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All charts/ideas based on UK time zone
  • #6,432
  • Feb 25, 2020 2:22am Feb 25, 2020 2:22am
Quoting MzansiObi
{quote} 25 February 2020 last piece of the puzzle has come together, now will wait for sell order to be filled as we seem to have found some supportive action from the 50.33 bounce...Stop loss a little wider as anticipating there may be a need to fill the gap....ideal stop would be above the previous daily high and the hard stop handle.... Lets see what it does... {image}
Filled and have taken small portion off the table and adjusted stops to entry +.
The inverse HnS on the H1 a little concerning as the obious target would be that gap fill, as sch will look to manage the risk accordingly on this one.....
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4&1 All Time Profit: $37,496
  • #6,433
  • Feb 25, 2020 8:22am Feb 25, 2020 8:22am
Expecting this to break to the upside. With all the corona virus news the move down has been limited
  • #6,434
  • Feb 25, 2020 9:32am Feb 25, 2020 9:32am
In VIX and WTI holy fuck, if S&P breaks 3200. Would xti dump as well?

Currently very large in both positions and originally was using them to offset other leverage but didnt think 3200 breaking would be so realistic as i thought]

I know no one knows but jesus christ didnt expect vix to shoot
rennstimp
  • #6,435
  • Feb 25, 2020 9:41am Feb 25, 2020 9:41am
Quoting renNstimpy
In VIX and WTI holy fuck, if S&P breaks 3200. Would xti dump as well? Currently very large in both positions and originally was using them to offset other leverage but didnt think 3200 breaking would be so realistic as i thought] I know no one knows but jesus christ didnt expect vix to shoot
WTI will follow equity most of the times
persistence and determination alone are omnipotent
  • #6,436
  • Feb 25, 2020 9:41am Feb 25, 2020 9:41am
Quoting renNstimpy
In VIX and WTI holy fuck, if S&P breaks 3200. Would xti dump as well? Currently very large in both positions and originally was using them to offset other leverage but didnt think 3200 breaking would be so realistic as i thought] I know no one knows but jesus christ didnt expect vix to shoot
Albeit up the vix chart is saying a possible spike, suppose wee'll see
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,437
  • Feb 25, 2020 9:50am Feb 25, 2020 9:50am
Quoting detector
{quote} Albeit up the vix chart is saying a possible spike, suppose wee'll see
Knew there was gonna be movement why I went large, but second guessing myself at 3200 test
rennstimp
  • #6,438
  • Feb 25, 2020 9:53am Feb 25, 2020 9:53am
bounce or break on H4
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persistence and determination alone are omnipotent
  • #6,439
  • Feb 25, 2020 9:57am Feb 25, 2020 9:57am
Quoting renNstimpy
{quote} Knew there was gonna be movement why I went large, but second guessing myself at 3200 test
Not sure but looking for the band to snap back, on a general open level the reaction could be kneejerk, wouldn't be long WTI per say, the only hope would be to close the gap but a slowdown will flush out oil until order is restored
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,440
  • Feb 25, 2020 9:58am Feb 25, 2020 9:58am
Quoting Ll1979
bounce or break on H4 {image}
Big support down here in the 50's

S&P + WTI both testing last months low
All charts/ideas based on UK time zone
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