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WTI Crude Oil Trading

  • #7,041
  • Apr 8, 2020 8:58am Apr 8, 2020 8:58am
Wouldn’t be surprised if they drove this down to $20 before an agreement is made. Be careful
  • #7,042
  • Apr 8, 2020 9:53am Apr 8, 2020 9:53am
Quoting Kwame Freder
Wouldn’t be surprised if they drove this down to $20 before an agreement is made. Be careful
I don't know what to expect anymore. I think it all comes down to the US and Russia eventually and i think Russia has the upper hand since they mostly export to Europe which wont be hurt by potential US tariffs.
persistence and determination alone are omnipotent
  • #7,043
  • Apr 8, 2020 10:38am Apr 8, 2020 10:38am
Here is my latest WTI trade
Attached Image (click to enlarge)
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  • #7,044
  • Apr 8, 2020 10:40am Apr 8, 2020 10:40am
Quoting Hutch
Here is my latest WTI trade {image}
Nice!
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persistence and determination alone are omnipotent
  • #7,045
  • Apr 8, 2020 11:48am Apr 8, 2020 11:48am
Quoting Ll1979
{quote} Nice! {image}
I wish I could trade as easily as Scrooge McDuck can
  • #7,046
  • Apr 8, 2020 12:48pm Apr 8, 2020 12:48pm
US oil imports in 2019
https://www.eia.gov/tools/faqs/faq.php?id=727&t=6
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  • #7,047
  • Apr 8, 2020 1:22pm Apr 8, 2020 1:22pm
wow i managed to catch that one and exited. very volatile looks like it wants tumble back down
  • #7,048
  • Apr 8, 2020 1:25pm Apr 8, 2020 1:25pm
Quoting Kwame Freder
wow i managed to catch that one and exited. very volatile looks like it wants tumble back down
nice took a few ticks but missed a few grand
persistence and determination alone are omnipotent
  • #7,049
  • Apr 8, 2020 1:32pm Apr 8, 2020 1:32pm
looks like a good short opportunity may be presenting itself
  • #7,050
  • Apr 8, 2020 1:56pm Apr 8, 2020 1:56pm
Quoting Kwame Freder
looks like a good short opportunity may be presenting itself
scrap that idea
  • #7,051
  • Apr 8, 2020 2:07pm Apr 8, 2020 2:07pm
Quoting Kwame Freder
{quote} scrap that idea
small correction from weekly fib pp could be on the table
Attached Image
persistence and determination alone are omnipotent
  • #7,052
  • Apr 8, 2020 3:16pm Apr 8, 2020 3:16pm
Quoting Ll1979
{quote} small correction from weekly fib pp could be on the table {image}
Very possible but in light of news coming out about these cuts it's going to be tough to call WTI accurately. I'm starting to think a 10M/day cut has already been priced in and only anything bigger or extended will really support oil prices. Demand is and will be taking too much of a hit for oil prices to not continue to have some downward pressure.

Also, how about EIA crude oil inventories. Biggest two week total in a very very long time. Supply gut will take some time to resolve as well. Airplanes, transportation, etc won't be picking back up for at least another month or two. At least.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #7,053
  • Apr 8, 2020 4:17pm Apr 8, 2020 4:17pm
WTI finished the day near its high of $26.25 after having a low of $23.62 today. It gained $2.01 or 8.4% from yesterday's close.
Looks like many traders expect a large production cut from OPEC
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  • #7,054
  • Apr 9, 2020 2:28am Apr 9, 2020 2:28am
OPEC is sitting to discuss cut in oil production. Therefore, I do not expect significant drop in price but rather increase.
  • #7,055
  • Apr 9, 2020 2:56am Apr 9, 2020 2:56am
Attached Image
persistence and determination alone are omnipotent
  • #7,056
  • Apr 9, 2020 3:27am Apr 9, 2020 3:27am
what time does the meeting start today?
  • #7,057
  • Apr 9, 2020 3:52am Apr 9, 2020 3:52am
Quoting tonny47
what time does the meeting start today?
14:00 GMT
persistence and determination alone are omnipotent
  • #7,058
  • Apr 9, 2020 4:24am Apr 9, 2020 4:24am
nice overview:
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persistence and determination alone are omnipotent
  • #7,059
  • Apr 9, 2020 5:00am Apr 9, 2020 5:00am
Hi guys, I went through couple of pages of this thread, nice going indeed. I like it.
I trade CL as well. Intraday allows me to have good sleep every day.
This could be helpful for those who struggle or want to improve //or for lurkers who just learn here quietly here, as I often did myself for years //.
No harm to check jimb2468 on twit. It is not me to mind you.
His feed speaks for itself.
Never fight the tape and momentum is our friend with very tight risk.
cheers to all
making money in JimB2468 trading room
  • #7,060
  • Apr 9, 2020 5:31am Apr 9, 2020 5:31am
I guess brokers don't like us to make money I received the following message:

Important Notice: Restriction on leverage for CFDs on Energy Commodities
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