my two cents. we have several scenarios that can play out that are all dependent on the next significant event that will affect all markets, the 2 trillion dollar rescue package. doesn't look like it will be sorted until the end of the week. so i think wti will continue in this range/holding pattern until then. we may either stay closer to the top side of the range or keep bouncing from side to side until everything is sorted and approved. one thing i do not believe will happen this week is that $23.00 will be broken, there seem to be some serious bulls buying up (loading longs) anything below that. with that being said i'm heavily leaning towards the "long" side and would love to see wti nearer to $30 by the end of the week. just my 2 cents and ofcourse i can be proven wrong in the blink of an eye
- #6,882
- Mar 25, 2020 2:31pm Mar 25, 2020 2:31pm
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
my two cents. we have several scenarios that can play out that are all dependent on the next significant event that will affect all markets, the 2 trillion dollar rescue package. doesn't look like it will be sorted until the end of the week. so i think wti will continue in this range/holding pattern until then. we may either stay closer to the top side of the range or keep bouncing from side to side until everything is sorted and approved. one thing i do not believe will happen this week is that $23.00 will be broken, there seem to be some serious...
- #6,883
- Mar 26, 2020 3:13am Mar 26, 2020 3:13am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Maybe it's just me, but I noticed some serious build-up in the WTI.. But as said before, will make my "final" conclusion in the first days of next week... But we might have some clues already and some more might come today/tomorrow 
Can you afford to take that chance?
- #6,885
- Mar 27, 2020 6:17am Mar 27, 2020 6:17am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #6,888
- Mar 27, 2020 11:02am Mar 27, 2020 11:02am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
we could be in the "teens" next week
persistence and determination alone are omnipotent
- #6,889
- Mar 27, 2020 11:20am Mar 27, 2020 11:20am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #6,891
- Mar 28, 2020 8:33am Mar 28, 2020 8:33am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Huh, 10USD? Man, can you imagine? Might be worth to BUY it at that price AF... and place it somewhere... either in paper or physical form, as OIL does not go bad right I will form my position on the OIL (WTI) by the end of next week, when I plan to enter the market again, if all goes well.
Man, can you imagine? Might be worth to BUY it at that price AF... and place it somewhere... either in paper or physical form, as OIL does not go bad right I will form my position on the OIL (WTI) by the end of next week, when I plan to enter the market again, if all goes well.
Can you afford to take that chance?
- #6,892
- Mar 28, 2020 10:05am Mar 28, 2020 10:05am
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
- #6,893
- Mar 28, 2020 10:09am Mar 28, 2020 10:09am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
{quote} Huh, 10USD?
I do think there is more potential downside to the current price. Next week will see how the market handles the end of the OPEC+ quotas i am really curious to see what happens.The next couple of weeks/months I'll monitor the market for some potential entries. Here are some of my investment ideas regarding energy:
https://www.energyexch.com/showthrea...0#post12843340
persistence and determination alone are omnipotent
- #6,895
- Mar 29, 2020 5:07am Mar 29, 2020 5:07am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Large increase on the long side in consumers/users
COT: The precious data ignored
- #6,896
- Mar 30, 2020 2:12am Mar 30, 2020 2:12am
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Large increase on the long side in consumers/users {image}
So will see how it goes. We might have/get some vital data later this weeks... Mainly about Corona and Standoff status I consider watching market and "not trading" also trading Better to preserve profits than gamble it mostly, right... So ok, to sum up, should the price start to recover later this week, I might jump it LONG otherwise I am also open to SLIDE in this OILY slope Because the good news is that we can earn both ways, just have to be on the right side Would much prefer to earn with BUYs, would just feel more natural, if nothing else, specially at this prices (not to mention if they go below the 20 even...) but I am OPEN for SHORts also, even at this LOW prices... So will see what this week brings, specially THU, FRI.
Can you afford to take that chance?
