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  • #6,681
  • Mar 12, 2020 5:42am Mar 12, 2020 5:42am
Quoting Kwame Freder
I’m in long. Risky trade based on conditions would at least like it to re visit top of the range
closed it in profit and took a short with the break out. No more Longs for me. Market conditions are bad for oil, commodities and stocks and I see no end in sight. Probably better to short any rally
  • #6,682
  • Mar 12, 2020 5:46am Mar 12, 2020 5:46am
Quoting MzansiObi
{quote} I’m definitely not looking for shorts here, although it is bearish and bearish setups should be favorable, but there seems to be an accumulation of long orders near the $30 mark, volume seems to suggest we may be heading back towards the low $40-$45 range.....looking at the daily that would be in line with mean reversion and then only will I consider adding shorts...for now will buy low and trail and cash out as and when it finds profits
Yeah i'm agreement with ya there on one more pop before a drop, There's that big gap from $41-36 that needs to filled at some point..... the question now is how soon will it happen.
  • #6,683
  • Mar 12, 2020 6:48am Mar 12, 2020 6:48am
$30.00 sharply rejected.
  • #6,684
  • Mar 12, 2020 6:52am Mar 12, 2020 6:52am
#WTI / H4
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  • #6,685
  • Edited 7:37am Mar 12, 2020 6:59am | Edited 7:37am
We may have a week long test of 32.30, a pull back to this price tomor wouldn't surprise ...31.30 still support so gauge it from there
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All charts/ideas based on UK time zone
  • #6,686
  • Edited 8:11am Mar 12, 2020 7:52am | Edited 8:11am
Quoting Kwame Freder
$30.00 sharply rejected.
Value when bid strongly for the first time into that low. It was also the 150% extension of the swing area and the previous low.
also all the Put vol came in at 30 for the gamma hedgers

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Boxing clever since 76.
  • #6,687
  • Mar 12, 2020 8:39am Mar 12, 2020 8:39am
I am selling these higher highs as value has gone bearish. Only problem is that the market has gone risk on and entered a bear steepener which is bullish for oil.

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Boxing clever since 76.
  • #6,688
  • Mar 12, 2020 8:52am Mar 12, 2020 8:52am
Selling the high volume up bars

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Boxing clever since 76.
  • #6,689
  • Mar 12, 2020 9:01am Mar 12, 2020 9:01am
markets in turmoil, events beings postponed, travel being banned, multiple broker platforms acting up, wild swings everywhere. crazy patch we are in
  • #6,690
  • Mar 12, 2020 10:39am Mar 12, 2020 10:39am
every rally is sold into. i suspect $30 will be attacked again and may not be successfully defended.
  • #6,691
  • Mar 12, 2020 11:18am Mar 12, 2020 11:18am
Quoting Kwame Freder
markets in turmoil, events beings postponed, travel being banned, multiple broker platforms acting up, wild swings everywhere. crazy patch we are in
Your right this is a newbe for humanity ( give or take a plague or two )
All charts/ideas based on UK time zone
  • #6,692
  • Mar 12, 2020 12:18pm Mar 12, 2020 12:18pm
Newbie here - my very first post, saying HI to everyone!!
I have been enjoying your posts and suggetstions - Thanks a lot!

I want to ask why "user-fool" is making the bold call and expects WTI to get up to $49? - any other person that have this viewpoint should please contribute.

Basically, if we make you the Finance Minister of our "ENERGY-EXCH" country, and give you the mandate to buy WTI for us. With all the events going on right now, will you be negotiating with someone that wants to sell WTI for > $40?

Having said that, I saw a flash-news that Saudi does not have the capacity to implement their treat, and this will soon be clear to the world. So Crude price (WTI and Brent) will be rising soon.

Just want to have a balanced view, and be prepared
  • #6,693
  • Mar 12, 2020 12:33pm Mar 12, 2020 12:33pm
Quoting Kafin
Newbie here - my very first post, saying HI to everyone!! I have been enjoying your posts and suggetstions - Thanks a lot! I want to ask why "user-fool" is making the bold call and expects WTI to get up to $49? - any other person that have this viewpoint should please contribute. Basically, if we make you the Finance Minister of our "ENERGY-EXCH" country, and give you the mandate to buy WTI for us. With all the events going on right now, will you be negotiating with someone that wants to sell WTI for > $40? Having said that, I saw a flash-news that...
What's your own view?
All charts/ideas based on UK time zone
  • #6,694
  • Mar 12, 2020 12:45pm Mar 12, 2020 12:45pm
Quoting sponge
{quote} What's your own view?
I'm mostly fundamentalist.
The original drop in Oil demands coupled with the impact of corona-virus "on everything", any flooding of oil-market, should bring the price really low.
  • #6,695
  • Mar 12, 2020 3:20pm Mar 12, 2020 3:20pm
My views are that unless one knows what he is doing, would prefer to stay OUT... Too many clashing parameters right now... middle e.. oil poker between biggest players, ECB/FED party, CORONA situation! Cant decide between Reebok or Nike atm
Can you afford to take that chance?
  • #6,696
  • Mar 12, 2020 10:44pm Mar 12, 2020 10:44pm
Quoting Kafin
Newbie here - my very first post, saying HI to everyone!! I have been enjoying your posts and suggetstions - Thanks a lot! I want to ask why "user-fool" is making the bold call and expects WTI to get up to $49? - any other person that have this viewpoint should please contribute. Basically, if we make you the Finance Minister of our "ENERGY-EXCH" country, and give you the mandate to buy WTI for us. With all the events going on right now, will you be negotiating with someone that wants to sell WTI for > $40? Having said that, I saw a flash-news that...
Welcome
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persistence and determination alone are omnipotent
  • #6,697
  • Mar 13, 2020 12:40am Mar 13, 2020 12:40am
Quoting copi88
There where a ton of buyers trapped in that balance area by the red arrow yesterday. If price revisits into that blue box those buyers will be desperate to get off their trades. Good area to look for shorts. {image}

800$ trade out of that blue box I drew in yesterday.


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Boxing clever since 76.
  • #6,698
  • Mar 13, 2020 12:45am Mar 13, 2020 12:45am
13 March 2020

As per the theme for the week, been looking at Buy dips only as sentiment suggested bears were exhausted. Had been trailing my long but a fellow trade(likeasunrise) about a possible Setup that I had overlooked, current H1 Structure suggesting possible dip towards weekly low. As such the idea becomes to wait and see if we get back above the 36.2 handle on a H1 hourly closing bases and then. Use it as support to challenge 37.7 to confirm the bullish pullback....


One thing for sure won’t be holding over the weekend.....


Green Pips
4&1 All Time Profit: $37,496
  • #6,699
  • Mar 13, 2020 12:46am Mar 13, 2020 12:46am
Quoting MzansiObi
13 March 2020 As per the theme for the week, been looking at Buy dips only as sentiment suggested bears were exhausted. Had been trailing my long but a fellow trade(likeasunrise) about a possible Setup that I had overlooked, current H1 Structure suggesting possible dip towards weekly low. As such the idea becomes to wait and see if we get back above the 36.2 handle on a H1 hourly closing bases and then. Use it as support to challenge 37.7 to confirm the bullish pullback.... One thing for sure won’t be holding over the weekend..... Green Pips
associated chart
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4&1 All Time Profit: $37,496
  • #6,700
  • Mar 13, 2020 1:23am Mar 13, 2020 1:23am
The current Arab war with Russia to discharge goods makes it difficult for crude
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