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WTI Crude Oil Trading

  • #7,261
  • Apr 14, 2020 7:17pm Apr 14, 2020 7:17pm
Quoting PokerChip
WTI Oil I'm think oil will move up from here. I'm calling this the bottom. We will see. {image}
today i see as a red day as well ... can see below 20$... i may be wrong... pure gut feeling
Extreme gut feeling trader
  • #7,262
  • Apr 14, 2020 7:34pm Apr 14, 2020 7:34pm
Looks like there’s a bit of support around here. Might get a bit of up from here
  • #7,263
  • Apr 14, 2020 7:41pm Apr 14, 2020 7:41pm
Quoting Kwame Freder
Looks like there’s a bit of support around here. Might get a bit of up from here
but the bigger picture.. can go absolutely below 20$.. thankfully closed everything around 21600... otherwise going to be a margin call.....
Extreme gut feeling trader
  • #7,264
  • Apr 14, 2020 7:54pm Apr 14, 2020 7:54pm
Crude oil coming down and testing the $20 handle is insane. I'm not sure the market is believing that the OPEC deal is a 20M barrels/day cut.
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0115 4-14-2020 8.50.46 PM.png Size: 16 KB

I'm still at a point where I'm thinking how much lower could it go and why would it go up from here. The fundamentals are very weak.
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #7,265
  • Apr 14, 2020 9:38pm Apr 14, 2020 9:38pm
I think for bull who hold long at $23,$25,$28 or $30 at this situation, even the rollover can make price around $27 or $29 it will go down again.. i decided to cut loss if price can go up to $23 or maybe $24 before the rollover..
  • #7,266
  • Apr 14, 2020 10:53pm Apr 14, 2020 10:53pm
IMHO I think we will be stuck in this range between 20-30 for a while.

I don't have any bias right now just trading it like a ranging market and picking tops and bottoms.

It will break at some point most likely to the downside again.

The long term is dark for oil due to emerging markets in energy.

I wouldn't be surprised if I see 10$ oil in my life or lower.

Just my 2 cents.
  • #7,267
  • Apr 14, 2020 11:37pm Apr 14, 2020 11:37pm
Attached Image (click to enlarge)
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yes yes yes
  • #7,268
  • Apr 15, 2020 1:57am Apr 15, 2020 1:57am
i had enough .
i am out with a big lose .
waiting for 19.26 level
Attached Image (click to enlarge)
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yes yes yes
  • #7,269
  • Apr 15, 2020 2:22am Apr 15, 2020 2:22am
Quoting Moty
i had enough . i am out with a big lose . waiting for 19.26 level {image}
My scalp account have been wiped 65% by USoil, I’m out since yesterday,
  • #7,270
  • Apr 15, 2020 2:49am Apr 15, 2020 2:49am
Is there any possible chance today or tomorow price touch $25-$26 ?
  • #7,271
  • Apr 15, 2020 3:12am Apr 15, 2020 3:12am
Oanda started charging 268% for overnight holding of WTI, WTF!
  • #7,272
  • Edited 5:16am Apr 15, 2020 3:14am | Edited 5:16am
oh gee,,there is the 20 like many you guys predicted...
good to be on the right side of the market.
never fight the tape.
a man thought me to never average-in.
thankfully..


edit; personally, I know of two pro traders that average-in, but they stress - you need large account to handle rough times
making money in JimB2468 trading room
  • #7,273
  • Apr 15, 2020 3:20am Apr 15, 2020 3:20am
i'm in for 1 point.
i won't be Petty for 0.06 point
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yes yes yes
  • #7,274
  • Apr 15, 2020 3:31am Apr 15, 2020 3:31am
Quoting agazzi86
Is there any possible chance today or tomorow price touch $25-$26 ?
Everything is possible but it's not likely. From a fundamental point of view nothing has been change (OPEC+ pumps at will until the end of the month, inventory numbers at record high and corona is far from over in the US) then again a tweet from Trump might spike the price. From a technically point of view were hoovering around the lows on H4.

Don't fight the trend.
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persistence and determination alone are omnipotent
  • #7,275
  • Apr 15, 2020 4:02am Apr 15, 2020 4:02am
Quoting louisfx
{quote} {image}
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Make it Green
  • #7,276
  • Apr 15, 2020 4:21am Apr 15, 2020 4:21am
Quoting louisfx
{quote} {image}
Looking for that myself, but will wait till this charade rolls out WTI (OIL) provided too many surprises already... But I think current price levels are still a joke
Not minding laughing (and earning) at (with) it but have to see where it might go... At the moment it is somewhat a mystery... at least to me... Will admit
Can you afford to take that chance?
  • #7,277
  • Apr 15, 2020 4:25am Apr 15, 2020 4:25am
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persistence and determination alone are omnipotent
  • #7,278
  • Apr 15, 2020 4:57am Apr 15, 2020 4:57am
looking good that last hourly candle.
i will add more long positions at the break of 19.82
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yes yes yes
  • #7,279
  • Apr 15, 2020 5:37am Apr 15, 2020 5:37am
Quoting EventsTrader
Crude oil coming down and testing the $20 handle is insane. I'm not sure the market is believing that the OPEC deal is a 20M barrels/day cut.{image} I'm still at a point where I'm thinking how much lower could it go and why would it go up from here. The fundamentals are very weak. {image}
I like the picture you posted stating "Not sure where oil is going" looks like that the answer is a big DOWN Looks at the change since yesterday's close!
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  • #7,280
  • Apr 15, 2020 5:38am Apr 15, 2020 5:38am
next support is 14.48$ if it will break it will loose to 9.98$ as today is 15 th contract will end on 20 th bulls are trapped badly.
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