WTI Crude Oil Trading | Page 327 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

WTI/USD

Similar Threads

Reliable broker for Crude Oil trading 20 replies

making money intraday CL/WTI/OIL - no overnight holds 13 replies

WTI Crude Oil (TRENDSURFING - with the help of the model) 634 replies

Trading Oil WTI to get back all! 18 replies

Hedge WTI and Brent Oil 1 reply

Attachments: WTI Crude Oil Trading
Exit Attachments

WTI Crude Oil Trading

  • #6,521
  • Mar 2, 2020 3:39am Mar 2, 2020 3:39am
Quoting MzansiObi
{quote} Filled... {quote} let’s see. I agree I terms of the volume following the sell off, but Amin on it now. Will begin trailing soon... let’s see wether it gets back below 45.54....
I expected a push to Friday's high but this has failed so far
All charts/ideas based on UK time zone
  • #6,522
  • Mar 2, 2020 3:52am Mar 2, 2020 3:52am
Quoting sponge
{quote} I expected a push to Friday's high but this has failed so far
45.54 currently holding the key. I opens counter long trade on this now as we failing to close below it. Let’s see how this goes..
4&1 All Time Profit: $37,496
  • #6,523
  • Mar 2, 2020 6:14am Mar 2, 2020 6:14am
You can imagine the markets reaction if they find a vaccine for this virus
All charts/ideas based on UK time zone
  • #6,524
  • Mar 2, 2020 6:26am Mar 2, 2020 6:26am
Quoting sponge
You can imagine the markets reaction if they find a vaccine for this virus
A vaccine will at least take some time to be available to the public

Inserted Video
persistence and determination alone are omnipotent
  • #6,525
  • Mar 2, 2020 7:28am Mar 2, 2020 7:28am
Quoting Ll1979
{quote} A vaccine will at least take some time to be available to the public https://www.youtube.com/watch?v=hX_y_OiN7fI
Just some positive news about it would suffice
All charts/ideas based on UK time zone
  • #6,526
  • Mar 2, 2020 10:08am Mar 2, 2020 10:08am
looks kind of like its topping. if it doesn't break through this area i would anticipate a drop and a continuation of the bearish trend
  • #6,527
  • Mar 2, 2020 10:13am Mar 2, 2020 10:13am
somehow stupidly managed to leave a buy order at 46.12 which was triggered earlier and immediately proceeded by a 60 point drop. luckily the market came back up and let me out
  • #6,528
  • Mar 2, 2020 10:15am Mar 2, 2020 10:15am
I only traded Brent oil at oil fund for 10 years, it always has the "time" resistance support "attention" (not just R and S on the chart).
  • #6,529
  • Mar 2, 2020 10:52am Mar 2, 2020 10:52am
Quoting sponge
I think the bottom was in at 43.63 but another test wouldn't surprise. Breaking this level points to 41.90. Volume would suggest support but the virus threat is anybody's guess s&p/dow 2989/25804 bullish levels imo
US indices cleared the buy lines and WTI follows , not that it did me any good I got lost in the channel

Possible upside target 47.75, smaller frames need to unwind a bit imo
All charts/ideas based on UK time zone
  • #6,530
  • Mar 2, 2020 10:56am Mar 2, 2020 10:56am
Quoting forexhack
I only traded Brent oil at oil fund for 10 years, it always has the "time" resistance support "attention" (not just R and S on the chart).
Not sure what you mean can you explain please
All charts/ideas based on UK time zone
  • #6,531
  • Mar 2, 2020 11:15am Mar 2, 2020 11:15am
took a short. lets see how it plays out
  • #6,532
  • Edited 2:42pm Mar 2, 2020 11:34am | Edited 2:42pm
Quoting Kwame Freder
took a short. lets see how it plays out
missed the first pivot rejection on 1M for now i am monitoring i don't trust it
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 25 KB
persistence and determination alone are omnipotent
  • #6,533
  • Mar 2, 2020 11:44am Mar 2, 2020 11:44am
Monthly view
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 46 KB
All charts/ideas based on UK time zone
  • #6,534
  • Mar 2, 2020 12:40pm Mar 2, 2020 12:40pm
Quoting Kwame Freder
took a short. lets see how it plays out
bailed with small profit
  • #6,535
  • Mar 2, 2020 12:43pm Mar 2, 2020 12:43pm
Quoting Kwame Freder
{quote} bailed with small profit
profit = profit
persistence and determination alone are omnipotent
  • #6,536
  • Mar 2, 2020 2:09pm Mar 2, 2020 2:09pm
Well I admit I wouldn't have though WTI can fall this deep, specially this month of the year... Yeah even with corona effect. Just check what markets were forecasting not long ago... They change overnight. It is almost exactly the same as in the Wall Street 1987 movie... "I need the information now, before the close! In 10 minutes, it's history! At 4:00, I'm a dinosaur!"
Can you afford to take that chance?
  • #6,537
  • Mar 2, 2020 3:07pm Mar 2, 2020 3:07pm
Quoting auricforecas
Well I admit I wouldn't have though WTI can fall this deep, specially this month of the year... Yeah even with corona effect. Just check what markets were forecasting not long ago... They change overnight. It is almost exactly the same as in the Wall Street 1987 movie... "I need the information now, before the close! In 10 minutes, it's history! At 4:00, I'm a dinosaur!"
Central bank easing can't do much to increase demand in WTI, so we might see prices decline further. However since gapping down at the weekly open it's been recovering quite nicely.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #6,538
  • Mar 3, 2020 1:02am Mar 3, 2020 1:02am
WTI bullish above 47.89

US indices need to hold S&P 3054 Dow 26422

Conflicting signals on all atm

My 2p
All charts/ideas based on UK time zone
  • #6,539
  • Mar 3, 2020 2:45am Mar 3, 2020 2:45am
Quoting sponge
WTI bullish above 47.89 US indices need to hold S&P 3054 Dow 26422 Conflicting signals on all atm My 2p
Just had a look at my current H1 chart.
I wanna see how it behaves around that 48.8 handle today.... on my end so long as we remain below it, on an hourly closing basis, then we heading back down.
Failing which will begin buying dips on it
4&1 All Time Profit: $37,496
  • #6,540
  • Mar 3, 2020 3:34am Mar 3, 2020 3:34am
Quoting MzansiObi
{quote} Just had a look at my current H1 chart. I wanna see how it behaves around that 48.8 handle today.... on my end so long as we remain below it, on an hourly closing basis, then we heading back down. Failing which will begin buying dips on it
Good upside targets if she goes 50.02/51.68
All charts/ideas based on UK time zone
9 traders viewing now