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WTI Crude Oil Trading

  • #6,841
  • Edited 6:16am Mar 20, 2020 5:53am | Edited 6:16am
I'm waiting dips to buy oil.
  • #6,842
  • Mar 20, 2020 7:36am Mar 20, 2020 7:36am
SHORT setup at moment: TP magenta lines, SL recent high
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  • #6,843
  • Mar 20, 2020 7:48am Mar 20, 2020 7:48am
Hope this fall doesn’t go pass the $22-23 range. Rate of decline doesn’t look good though.
  • #6,844
  • Mar 20, 2020 7:52am Mar 20, 2020 7:52am
more cheap is better to buy.
  • #6,845
  • Mar 20, 2020 8:12am Mar 20, 2020 8:12am
Quoting Marcieny
more cheap is better to buy.
All depends on where you buy. I personally do not like huge draw downs and prefer to be in positive positions
  • #6,846
  • Mar 20, 2020 8:22am Mar 20, 2020 8:22am
Quoting auricforecas
{quote} Most defintely! Will wait a few days into next week, just to be "sure"... Yeah, might miss some/much of the raise, but still... Have seen too many surprises.. But if it goes as it goes... it seems like a no-brainer BUY atm ;D STRONG portfolio tip, yes, epic opportunity that we have been waiting for YEARS... I mean do you remember when it was 100USD+... I do.. crazy... It is cheaper than water now
I have been waiting below 40 for so long, we can't miss this opportunity

Its possible we go lower first, better to load bigger i would say
COT: The precious data ignored
  • #6,847
  • Mar 20, 2020 8:23am Mar 20, 2020 8:23am
Quoting Kwame Freder
{quote} All depends on where you buy. I personally do not like huge draw downs and prefer to be in positive positions
Depends which instrument you trade. I wouldn't trade broker's CFD on oil.

Make it goes lower so i can load my ETF portfolio
COT: The precious data ignored
  • #6,848
  • Mar 20, 2020 8:34am Mar 20, 2020 8:34am
I’m sure many are holding long oil positions from $50 $40 $30 Thinking that oil could never have gotten this low. I can’t manage that type of pain
  • #6,849
  • Mar 20, 2020 9:16am Mar 20, 2020 9:16am
Quoting Kwame Freder
I’m sure many are holding long oil positions from $50 $40 $30 Thinking that oil could never have gotten this low. I can’t manage that type of pain
30 dollars is fine

Above 50 dollars is not good, but we'll make it back up there with patience and time.

I just hope this guys still have cash to load more down there.
COT: The precious data ignored
  • #6,850
  • Mar 20, 2020 9:26am Mar 20, 2020 9:26am
Currently, crude oil is having a trade war between Arab and Russia. market, many people believe that the risk of oil prices will be even lower
  • #6,851
  • Mar 20, 2020 10:54am Mar 20, 2020 10:54am
Quoting MQLTrade
SHORT setup at moment: TP magenta lines, SL recent high {image}
Day is DONE......have a nice weekend to all
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  • #6,852
  • Mar 20, 2020 11:07am Mar 20, 2020 11:07am
had a couple shorts running today but the $23-$22 area is my limit. will not short or hold any short below there. would prefer to be a buyer but need to be patient until things change on the oil supply/demand side.
  • #6,853
  • Mar 20, 2020 2:37pm Mar 20, 2020 2:37pm
Quoting sponge
Out the box ? Symmetry suggests WTI 21.70 possible 10! Holding 32.50 to avoid {image}
Target one reached, I hope target 2 won't come about but sub $10 is still possible.....hope not but it may just spike down so having a buy order at $7.50 aint a bad idea

Anyone ?
All charts/ideas based on UK time zone
  • #6,854
  • Mar 20, 2020 3:37pm Mar 20, 2020 3:37pm
Quoting sponge
{quote} Target one reached, I hope target 2 won't come about but sub $10 is still possible.....hope not but it may just spike down so having a buy order at $7.50 aint a bad idea Anyone ?
Those who holding since 40 might get heart attack from though of spike to 7
  • #6,855
  • Mar 20, 2020 4:16pm Mar 20, 2020 4:16pm
Quoting Mr.Kebab
{quote} Those who holding since 40 might get heart attack from though of spike to 7
I had a small L about 42
This time (something new to me) closed on the very first day of "oil war", reversed a few times (same size!) and managed to get small plus the same day.

Small S about 42 would pay some money

Have a nice weekend...
  • #6,856
  • Mar 21, 2020 12:18am Mar 21, 2020 12:18am
Was looking for a weekly close above hat $25 mark.....
Just a thought that yesterday's bearish close may have also been due to profit taking from buyers from the lower $20 mark that didn't wanna hold over the weekend?

As such will wait and see how Monday closes again to look to get things going bug barring a weekly open with a gap lower, am thinking dips towards this weeks lows are worth conservative buy orders looking for previous weekly high as first target point.....



Green Pips .
4&1 All Time Profit: $37,496
  • #6,857
  • Mar 21, 2020 5:43am Mar 21, 2020 5:43am
#WTI / Weekly
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  • #6,858
  • Mar 21, 2020 10:31am Mar 21, 2020 10:31am
Quoting MzansiObi
Was looking for a weekly close above hat $25 mark..... Just a thought that yesterday's bearish close may have also been due to profit taking from buyers from the lower $20 mark that didn't wanna hold over the weekend? As such will wait and see how Monday closes again to look to get things going bug barring a weekly open with a gap lower, am thinking dips towards this weeks lows are worth conservative buy orders looking for previous weekly high as first target point..... Green Pips .
My friend I really doubt that was profit taking. We are in a bear market
  • #6,859
  • Mar 21, 2020 1:55pm Mar 21, 2020 1:55pm
What a week!! - It gave both Bulls and Bears sufficient opportunities.

I hope that those that participated were not caught at the wrong ends, and will be able to continue the fight in the comming week

For the brave Brothers and Sisters that choose to stay in their trades over the weekend, I hope that the gap will be in your favor, and you will have more reasons to celebrate come market opening
  • #6,860
  • Mar 21, 2020 5:44pm Mar 21, 2020 5:44pm
My USOIL analysis:

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(Sorry about the sound due to a tech fault)
Technical Analyst & Trader @ Vikinsa
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