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WTI Crude Oil Trading

  • #6,801
  • Mar 18, 2020 1:40pm Mar 18, 2020 1:40pm
Some reading if you are interested

http://www.amanita.at/docs/open/newsletter-e.pdf
All charts/ideas based on UK time zone
  • #6,802
  • Mar 18, 2020 1:53pm Mar 18, 2020 1:53pm
$20 area well defended. hope it keeps going up, this down in the market is unnerving.
  • #6,803
  • Mar 18, 2020 1:57pm Mar 18, 2020 1:57pm
Strongly bought indeed, 10% move up...quick
COT: The precious data ignored
  • #6,804
  • Mar 18, 2020 2:38pm Mar 18, 2020 2:38pm
potential bear trap. staying out
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  • #6,805
  • Mar 18, 2020 2:41pm Mar 18, 2020 2:41pm
In todays Oil trading market it is not much logic but "a crack" happening a few times before, the last in 2015 when Brent dropped to a bottom of USD 27.5 /bbl, where was I accummulating Oil Futures and options, around Brent at USD 30-34/bbl, and sold later around 55 - 65.
It is Deja Vu, these days, and same scenario, horizon about 12-18 month. Oil comes back during that period.
I still think it is possible to pick prices down to 20 and lower, so an accummulation at different levels are an ok strategy, as one cannot pick tops or bottoms. Good Luck !
  • #6,806
  • Mar 18, 2020 3:07pm Mar 18, 2020 3:07pm
Quoting GillyFX
In todays Oil trading market it is not much logic but "a crack" happening a few times before, the last in 2015 when Brent dropped to a bottom of USD 27.5 /bbl, where was I accummulating Oil Futures and options, around Brent at USD 30-34/bbl, and sold later around 55 - 65. It is Deja Vu, these days, and same scenario, horizon about 12-18 month. Oil comes back during that period. I still think it is possible to pick prices down to 20 and lower, so an accummulation at different levels are an ok strategy, as one cannot pick tops or bottoms. Good Luck...
Well yeah, but there is some logic to it... Basically it is Corona situation and the RU, OPEC, US poker or standoff.
And one big player doesn't give... They are used to lowering the standards... Some other players not so much so the game is on... But I see it as an epic opportunity.
Because when this is over, it can not last for long I believe, we will be buying WTI like nothing, without even any heavy(er) analysis, just BUY BUY BUY, WHEN/IF it happens as I described... But other win-win option is that GAS will be CHEAP AF...
Can you afford to take that chance?
  • #6,807
  • Mar 18, 2020 3:14pm Mar 18, 2020 3:14pm
Inserted Video
persistence and determination alone are omnipotent
  • #6,808
  • Mar 18, 2020 3:15pm Mar 18, 2020 3:15pm
Quoting Kafin
Anyone been in the business long enough to know how previous oil-price-wars ended?
https://www.bloomberg.com/news/artic...ls-a-long-wait
  • #6,809
  • Mar 18, 2020 5:07pm Mar 18, 2020 5:07pm
Quoting Ll1979
https://youtu.be/f6bqCbVlrpA
With WTI declining by $4.31 or 16% today we don't need any analyst to tell us that the entire energy sector declined
  • #6,810
  • Mar 18, 2020 5:18pm Mar 18, 2020 5:18pm
Quoting Hutch
{quote} With WTI declining by $4.31 or 16% today we don't need any analyst to tell us that the entire energy sector declined
  • #6,811
  • Mar 18, 2020 10:37pm Mar 18, 2020 10:37pm
Hi guys, are you have rollover in oil trading? I still hold my long position 0,1lot @30 and this morning i get cut by rollover $50..
i dont know from where that $50 coming from..

I'm newbie in oil trading, so if anybody can tell me about rollover rule, i'm so thankfull
  • #6,812
  • Mar 19, 2020 12:23am Mar 19, 2020 12:23am
Quoting agazzi86
Hi guys, are you have rollover in oil trading? I still hold my long position 0,1lot @30 and this morning i get cut by rollover $50.. i dont know from where that $50 coming from.. I'm newbie in oil trading, so if anybody can tell me about rollover rule, i'm so thankfull
Some brokers, like OANDA, clearly state how their rollover rates are computed but most don't and, unfortunately, it varies by a wide margin from broker to broker.
  • #6,813
  • Mar 19, 2020 1:42am Mar 19, 2020 1:42am
Quoting Hutch
{quote} Some brokers, like OANDA, clearly state how their rollover rates are computed but most don't and, unfortunately, it varies by a wide margin from broker to broker.
Ouh ok,, So it's a normal in oil trading right ? I thought my local broker was cheat
  • #6,814
  • Mar 19, 2020 4:13am Mar 19, 2020 4:13am
Quoting Kafin
{quote} Thanks Copi88, I appreciate you time! I do wish to get better in Technical analysis, and will be starting with VSA, Fibonacci retracement, and Pivot Points. Though Fibonacci retracement and Pivot Points are easy to read, deciding where to place them (last week bar, last month bar, or most visible trend) could be difficult. I have started learning to read Volumes - this surely will yield the best returns if one can master it
Did you see the trade this morning?

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Boxing clever since 76.
  • #6,815
  • Mar 19, 2020 4:47am Mar 19, 2020 4:47am
Quoting copi88
{quote} Did you see the trade this morning? {image}
if i may answer, it's like bearish continuation.
  • #6,816
  • Mar 19, 2020 5:01am Mar 19, 2020 5:01am
Quoting agazzi86
{quote} Ouh ok,, So it's a normal in oil trading right ? I thought my local broker was cheat
It's normal on all non-continous instruments. One serie is replaced by another one with price divergence. Such a divergence is added to (or deducted from) swap.
So you should look at total value of your trades, including swaps (not only the price).
For me it makes harder to look at min/max etc. at charts and averages. Also different providers can show different numbers.
Actually, I don't care, no impact on daytrading, which is most of my activity.
  • #6,817
  • Mar 19, 2020 5:20am Mar 19, 2020 5:20am
Quoting copi88
{quote} Did you see the trade this morning? {image}
I'm still getting familiar with the various volume-types, though I saw the first on the 5-min chart below but not sure what to make of it because it went over the Volume climax. I still have a bearish bias
Thanks for your maturity
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  • #6,818
  • Mar 19, 2020 5:53am Mar 19, 2020 5:53am
WTI rally capped at 24 probably means more “down” is coming
  • #6,819
  • Mar 19, 2020 8:01am Mar 19, 2020 8:01am
Crude oil has dropped too much. I am buying high price. Like this I will probably lose my account
  • #6,820
  • Mar 19, 2020 9:30am Mar 19, 2020 9:30am
Quoting ytong
{quote} It's normal on all non-continous instruments. One serie is replaced by another one with price divergence. Such a divergence is added to (or deducted from) swap. So you should look at total value of your trades, including swaps (not only the price). For me it makes harder to look at min/max etc. at charts and averages. Also different providers can show different numbers. Actually, I don't care, no impact on daytrading, which is most of my activity.
Thankyou for the info mate, it's my first time hold oil more than 1 week, so.. i hope oil get really soon recovery to $40 or more
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