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WTI Crude Oil Trading

  • #7,161
  • Apr 12, 2020 4:40pm Apr 12, 2020 4:40pm
Quoting Donaciello
how long till crude market opens?
in 20 min
  • #7,162
  • Apr 12, 2020 4:41pm Apr 12, 2020 4:41pm
Quoting Kwame Freder
Double check to make sure you don’t have any loose orders they may get filled horribly far from where u want
you wouldnt be able to make any changes anyway when the market is closed even if you had something open over weekend
  • #7,163
  • Apr 12, 2020 4:50pm Apr 12, 2020 4:50pm
Quoting tonny47
{quote} you wouldnt be able to make any changes anyway when the market is closed even if you had something open over weekend
You can still close orders just not close open trades
  • #7,164
  • Apr 12, 2020 5:05pm Apr 12, 2020 5:05pm
Just when everyone is expecting . It opens with a tiny gap up
  • #7,165
  • Apr 12, 2020 5:07pm Apr 12, 2020 5:07pm
Quoting Kwame Freder
Just when everyone is expecting . It opens with a tiny gap up
And now its going down like a comet
  • #7,166
  • Apr 12, 2020 5:07pm Apr 12, 2020 5:07pm
Quoting Kwame Freder
Just when everyone is expecting . It opens with a tiny gap up
to make it worst, even trades lower. what is happening?!
  • #7,167
  • Apr 12, 2020 5:13pm Apr 12, 2020 5:13pm
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yes yes yes
  • #7,168
  • Apr 12, 2020 5:27pm Apr 12, 2020 5:27pm
WTI prices are dropping which is confirming the belief that 10m bbl/day cut was already priced in. Market wanted more than that. When the dust settles it's hard to think that this deal won't provide some kind of support to oil prices.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #7,169
  • Apr 12, 2020 5:37pm Apr 12, 2020 5:37pm
This is an overlay of Crude Oil (green/red) prices with Copper (pink) prices. The correlation suggests that while oversupply is an issue for both commodities, the underlying driver is likely falling demand. Perhaps the reason copper prices have begun to come back is China reopening. Oil on the other hand is a lot more dependent on the rest of the world. China accounts for 50% of global copper demand, and maybe 20% (could be slightly lower or higher but not close to 50%) of global oil demand.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #7,170
  • Edited 5:58pm Apr 12, 2020 5:40pm | Edited 5:58pm
Attachment g
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yes yes yes
  • #7,171
  • Edited 7:12pm Apr 12, 2020 6:56pm | Edited 7:12pm
i bought some positions.. aiming for 27$ or 28$.. I feel like the fall was sl hunting... can go back up again...
Extreme gut feeling trader
  • #7,172
  • Apr 12, 2020 7:05pm Apr 12, 2020 7:05pm
Quoting Moty
{quote} no , i got in a bad trade on friday at the false breakup of the ressistence at 27.21
Ok
Make it Green
  • #7,173
  • Apr 12, 2020 7:46pm Apr 12, 2020 7:46pm
4h candle showing definite signs for up movement....
Extreme gut feeling trader
  • #7,174
  • Apr 13, 2020 12:20am Apr 13, 2020 12:20am
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yes yes yes
  • #7,175
  • Apr 13, 2020 1:07am Apr 13, 2020 1:07am
13 April 2020

Bit of a choppy price action over the past couple of sessions, beginning to look like a bottom may be in place as price has begun consolidating and moving sideways now, however exposure to the bottom shouldnt be rulled out as mean reversion on the D1 chart has dropped significantly lower and price is inside those channels, With that said, still looking for possible bullish continuation as per the attached H1 chart with the first target near that range high

Stay Safe
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4&1 All Time Profit: $37,496
  • #7,176
  • Edited 1:28am Apr 13, 2020 1:09am | Edited 1:28am
Its the truth according to all 4 hour trends oil will go up and we all are waiting who have long positions lets take and keep on safe side being bullish.......accumulation is happening in blue area in the chart along with prices for lower rates rejected according to chart as grey candles are created......bollinger bands are too narrow movement can happen any time.
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  • #7,177
  • Apr 13, 2020 2:36am Apr 13, 2020 2:36am
Quoting tonny47
{quote} what does KSA stand for? you dont seem to be too optimistic
Kingdom of Saudi Arabia.

Just woke up last info i got is The devil is in the details and there is lots of uncertainty.

  1. Details of G20 are unknown cutting in production cuts or organic cuts
  2. The deal has a start date of May (next weeks is pump at will to maximize storage capacity)
  3. OPEC+ numbers are hustled
  4. Global demand loss still exceeds cuts

I think it's a great step but it's not enough for the moment imho to go all in

persistence and determination alone are omnipotent
  • #7,178
  • Apr 13, 2020 2:41am Apr 13, 2020 2:41am
Quoting tonny47
{quote} what does KSA stand for? you dont seem to be too optimistic
Kingdom Saudi Arabia
  • #7,179
  • Apr 13, 2020 2:56am Apr 13, 2020 2:56am
Interesting read:

https://www.zerohedge.com/energy/cut...opping-back-20
persistence and determination alone are omnipotent
  • #7,180
  • Apr 13, 2020 3:15am Apr 13, 2020 3:15am
new pattern in half hour chart recently..........
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