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WTI Crude Oil Trading

  • #6,441
  • Feb 25, 2020 10:13am Feb 25, 2020 10:13am
Well it had to happen

https://www.bbc.co.uk/news/world-europe-51627597
All charts/ideas based on UK time zone
  • #6,442
  • Feb 25, 2020 9:57pm Feb 25, 2020 9:57pm
Could be seeing a bounce for WTI to 51 on the 1hr, not totally confirmed but interesting
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,443
  • Feb 25, 2020 10:07pm Feb 25, 2020 10:07pm
Quoting detector
Could be seeing a bounce for WTI to 51 on the 1hr, not totally confirmed but interesting
possibly but I would only short. They have alreaDY ACCUMULATED HERE INTO 50.50

Massive level. Going to 49.30. sell only. let em exhaust into 51 - do not waNT TO BE PART OF THAT FUCKIKN G CRAP!
  • #6,444
  • Feb 25, 2020 10:13pm Feb 25, 2020 10:13pm
Quoting Cools81
{quote} possibly but I would only short. They have alreaDY ACCUMULATED HERE INTO 50.50 Massive level. Going to 49.30. sell only. let em exhaust into 51 - do not waNT TO BE PART OF THAT FUCKIKN G CRAP!
Have to agree the short side would be a safer position but down side pickings a little slim, I would expect the gap to be closed at some point but it may take a while, assume once this virus stabilises there would be a frenzy, trying to position for the mad rise in indices if it comes.
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,445
  • Feb 26, 2020 12:23am Feb 26, 2020 12:23am
Taken a punt 50.04 buy, had this bearish but looking for the cycle to change, will go now after it hitting below 50 again, will bail if needs be.
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,446
  • Feb 26, 2020 12:27am Feb 26, 2020 12:27am
Quoting Cools81
{quote} Why? its all supply ! so much so that thisd bloody thing is leaving BEFORE FFO - thats a strong sign. so risk OFF that the banks cant even hold this until proper time.
My funeral then
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,447
  • Feb 26, 2020 12:29am Feb 26, 2020 12:29am
Quoting detector
{quote} My funeral then
ha all good. All perspective. FFO could squeeze higher into 50.50 BUT looking doubtful. this looks all over for buyers. booming down early but given the environment not hard to see why. Test into 50.18 / 50.50 would be great for a short. Might have to settle for 50.00
  • #6,448
  • Feb 26, 2020 1:29am Feb 26, 2020 1:29am
Tripple bottom?
Attached Image (click to enlarge)
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persistence and determination alone are omnipotent
  • #6,449
  • Feb 26, 2020 2:20am Feb 26, 2020 2:20am
Quoting sponge
{quote} 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
Daily lining up now, I think downside is limited, change my view below 49.35.
All charts/ideas based on UK time zone
  • #6,450
  • Feb 26, 2020 2:27am Feb 26, 2020 2:27am
Quoting detector
Could be seeing a bounce for WTI to 51 on the 1hr, not totally confirmed but interesting

what a dumdass
  • #6,451
  • Feb 26, 2020 3:00am Feb 26, 2020 3:00am
Quoting fool
{quote} what a dumdass
Hope you two are friends bantering ... otherwise pretty harsh. :/
  • #6,452
  • Feb 26, 2020 6:29am Feb 26, 2020 6:29am
Oil prices have plummeted since the Iranian leader died. oil is falling further and is not stupid to rise up, is it because gold is increasing? Why oil and gold are the opposite?
  • #6,453
  • Feb 26, 2020 6:39am Feb 26, 2020 6:39am
dumbass , where are you ? must be sleeping with his arse up.
  • #6,454
  • Feb 26, 2020 10:14am Feb 26, 2020 10:14am
US indices looking a bit wobbly atm ...I think S & P 3160 Dow 27423 need to hold else we could enter the dreaded bear market

WTI not out of the woods yet but I still think limited downside .....Virus pernitting

What's with the slagging on here?
All charts/ideas based on UK time zone
  • #6,455
  • Feb 26, 2020 10:24am Feb 26, 2020 10:24am
In my opinion... Crude oil may keep fluctuating and will remain under negative pressure till the time opec+ and russia don't agree on oil cuts. Corona although may not effect crude oil much as china being biggest oil consumer is showing strong improvement against virus. With china coming out of woods. Oil prices may not drop much lower. Price of oil below 60$ also dosent suits opec+ countries however russia is comfortable till 45 $ therfore they didnt agreed on oil cuts... I see crude oil with no bullish come bk till 2nd wk of march unless some positive news or happening in middle east... Likely expected trading range for couple of days may be between 48.50 support and 51.30 resistance.... 51.30 needs to b broken in order to show some positive bullish mov.... Just trying to dijest my loss of 90% equity due to oil dropping from 60 to 50 & and hoping for miracles
  • #6,456
  • Feb 26, 2020 12:14pm Feb 26, 2020 12:14pm
Quoting fool
dumbass , where are you ? must be sleeping with his arse up.
Plesse stop posting your fantasies.
persistence and determination alone are omnipotent
  • #6,457
  • Feb 26, 2020 12:23pm Feb 26, 2020 12:23pm
[quote=Ll1979;12777166]{quote} Plesse stop posting your fantasies.[/quot

lol. just looking for my friend
  • #6,458
  • Feb 26, 2020 1:14pm Feb 26, 2020 1:14pm
Quoting auricforecas
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...
Some heavy affect.. This Corona is in almost every second news now... So impossible to trade, if you ask me... unless one wants to ride on this... Also I believe, since end of FEB, there should already be seasonality kicking it pretty good so the Corona effect might be even bigger...
Can you afford to take that chance?
  • #6,459
  • Feb 26, 2020 2:55pm Feb 26, 2020 2:55pm
Quoting auricforecas
{quote} Some heavy affect.. This Corona is in almost every second news now... So impossible to trade, if you ask me... unless one wants to ride on this... Also I believe, since end of FEB, there should already be seasonality kicking it pretty good so the Corona effect might be even bigger...
It's possible it's just a big hoax

How else were they going to halt the bull ?

I think it's the illuminati
All charts/ideas based on UK time zone
  • #6,460
  • Feb 26, 2020 3:24pm Feb 26, 2020 3:24pm
Quoting sponge
{quote} It's possible it's just a big hoax How else were they going to halt the bull ? I think it's the illuminati
The thing about trading is that it doesn't revolve around the reality but perception of reality. Meaning that a trader does not trade by trouth but by perception, if you ask me... Assumming it is real or not, I think, it is irrelevant, at least for short(er) term, the important thing that is important to "guess" is how markets will perceive it aka react to it..

Some clips bellow that I find "relevant" or at least entertaining This is my "lego" with which I try to present my ideas even at the costs of less seriousness but I do not want to be too serious about trading anyway.. I present my views in multilayer... entertaining level and maybe some info or sub-info within so all gets what they want, similar to movies. Can watch it for fun, explosions, movie effects, actors, the message or the "hidden" msg or wherever you like, maybe even (just for the) 3D effect or 4D even

Some might "learn" assuming I did anything anyway TBC soon in the cheetah

(movie)
Limitless (2011); if anyone of you want, I can show you the clip, but you can find the clip yourself by below TIMES...

  1. 501
  2. 00:39:25,835 --> 00:39:27,561
  3. Well, it's a formula with a complex method,
  4. 502
  5. 00:39:27,633 --> 00:39:30,062
  6. But, of course, research was a
  7. component, Massive research,
  8. 503
  9. 00:39:30,131 --> 00:39:33,186
  10. I knew every helix of every scrap
  11. of DNA in every company I bought,
  12. 504
  13. 00:39:33,262 --> 00:39:35,886
  14. Papers stacked like the Himalayas
  15. in my office, and you know what?
  16. 505
  17. 00:39:35,961 --> 00:39:38,119
  18. - The stocks went up,
  19. - By a hair,
  20. 506
  21. 00:39:38,193 --> 00:39:41,351
  22. Sure, the stocks rose,
  23. but who wants to do all that work
  24. 507
  25. 00:39:41,424 --> 00:39:42,979
  26. for a shitty little uptake?
  27. 508
  28. 00:39:43,056 --> 00:39:46,214
  29. It's not the visceral kind of spike
  30. you want in short term holdings so...
  31. 509
  32. 00:39:46,288 --> 00:39:47,980
  33. ... I dispensed with all the hard statistics
  34. 510
  35. 00:39:48,053 --> 00:39:49,348
  36. and I went right to the rumor mill,
  37. 511
  38. 00:39:49,418 --> 00:39:52,576
  39. So you bought your stocks based on what?
  40. The tom-toms beating in the street?
  41. 512
  42. 00:39:52,650 --> 00:39:56,137
  43. Sure, Share prices aren't really
  44. based on how a company works,
  45. 513
  46. 00:39:56,215 --> 00:39:57,702
  47. It's about how mass psychology works,
  48. 514
  49. 00:39:57,780 --> 00:40:00,006
  50. So, if I found certain algorithms
  51. in the perception of the stock...

--

Maybe you will find this below resonating with you, your choice...
(movie)
Money Never Sleeps (2010); aka Wall Street 2

 

  1. 271
  2. 00:18:43,690 --> 00:18:45,950
  3. He sells fear, panic.
  4. 272
  5. 00:18:46,160 --> 00:18:48,320
  6. And morons, they love it.
  7. 273
  8. 00:18:48,450 --> 00:18:51,080
  9. They want it to end because it sells.
  10. 274
  11. 00:18:51,200 --> 00:18:53,330
  12. There's no limits anymore.

--

BTW I put a lot of effort by "teaching" with movie clips or at least find them If anyone doesn't like, skip pls.. Can not fill the full cup or something

Can you afford to take that chance?
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