WTI Crude Oil Trading | Page 367 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

WTI/USD

Similar Threads

Reliable broker for Crude Oil trading 20 replies

making money intraday CL/WTI/OIL - no overnight holds 13 replies

WTI Crude Oil (TRENDSURFING - with the help of the model) 634 replies

Trading Oil WTI to get back all! 18 replies

Hedge WTI and Brent Oil 1 reply

Attachments: WTI Crude Oil Trading
Exit Attachments

WTI Crude Oil Trading

  • #7,321
  • Apr 16, 2020 10:21am Apr 16, 2020 10:21am
Quoting Kwame Freder
support holding for the moment. its struggling so much to break, it feels like a big bounce is coming
i dont think so...
i dont think this time it will break this...go more below 19$.... i may be wrong...
Extreme gut feeling trader
  • #7,322
  • Apr 16, 2020 10:44am Apr 16, 2020 10:44am
i'm not shorting this. too risky for my blood
  • #7,323
  • Apr 16, 2020 2:42pm Apr 16, 2020 2:42pm
Quoting Kwame Freder
i'm not shorting this. too risky for my blood
As long as its going down, I'm selling it to zero.

That is probably not an original sentiment
  • #7,324
  • Apr 16, 2020 3:37pm Apr 16, 2020 3:37pm
Quoting LloydOz
{quote} As long as its going down, I'm selling it to zero. That is probably not an original sentiment
Yeah, it is funny, I have even noticed some articles mentioning the $0 price but watch this, it even expanded the horizon... suggesting prices can go NEGATIVE!
I thought it was a prank or Fools day at first.. or some nut article, but apparently it comes from FOX business
https://www.foxbusiness.com/markets/...w-zero-analyst

"He says the “physical reality” of the market is that oil is pumped out of the ground and has to be consumed or stored. When the cost of storage goes high enough -- or space runs out -- companies might pay customers to take it."

So I myself will wait for just a few business days and then I will either bet/trade it (on shorter timeframes but hopefully with overall trend confidence, sentiment. help) but would love to have the direction (over)view before I do it... I would still bet on the BUY atm... but I am OPEN to join the SLIDE train just as well since I am interested to make money from it since I have no other (ego/emotional/preference) attachments to either side

I mean can you imagine they would say "Please come for the OIL, we can not storage it, help us carry the burden, we will pay it"... And in some SCI or Stranger then fiction world... we would see gas stations with NEGATIVE oil/gas prices... Like "come to our gas station and get paid to fill your car up, you get a extra coke/pizza for troubles"

Maybe they can pay us for help storing it! "Store the OIL and get paid! CALL NOW"

Mind=Blown

Can you imagine mentioning a few years back that the price will come to this (that it is now even)... they would laugh till unconscious... And if prices come more down or even to (close to) ZERO, not to mention NEGATIVE.. some will thing they are in a twilight zone, it will be just too much Specially after so many movies, documentaries about the OIL shortages...
Can you afford to take that chance?
  • #7,325
  • Apr 16, 2020 4:13pm Apr 16, 2020 4:13pm
Quoting Kwame Freder
i'm not shorting this. too risky for my blood
my reasons for not shorting at these levels is there are big players that not only do not want the price this low but they also have the power to move the markets. Wether it be by buying or making announcements which can send the prices flying hundreds of pips within minutes. I do believe they will soon do something, they have to. I don’t want to get caught like that because I don’t often use stops and if I do they are very far away. I do believe oil will continue to be depressed but I’m afraid of huge spikes
  • #7,326
  • Apr 16, 2020 4:16pm Apr 16, 2020 4:16pm
very very clearly i am saying its according to previous support on the chart volume profile clearly mentioned on it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: contract flow.png Size: 119 KB
Click to Enlarge Name: photo_2020-04-17_02-43-40.jpg Size: 76 KB
  • #7,327
  • Apr 16, 2020 4:19pm Apr 16, 2020 4:19pm
Quoting auricforecas
{quote} Maybe they can pay us for help storing it! "Store the OIL and get paid! CALL NOW"
From Sky News - British pubs have more than 50 million pints of beer that are likely to expire before the UK lockdown will stop. I would prefer store these beers and drink all I want before the expiry date instead of storing oil What is best store oil or beer? I would prefer storing beer in my belly

Meanwhile WTI stabilized at $20 with a day high of $20.93 and a low of $19.43.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSD-4H1.png Size: 38 KB
  • #7,328
  • Apr 16, 2020 4:31pm Apr 16, 2020 4:31pm
Quoting auricforecas
{quote} Yeah, it is funny, I have even noticed some articles mentioning the $0 price but watch this, it even expanded the horizon... suggesting prices can go NEGATIVE! I thought it was a prank or Fools day at first.. or some nut article, but apparently it comes from FOX business https://www.foxbusiness.com/markets/...w-zero-analyst "He says the “physical reality” of the market is that oil is pumped out of the ground and has to be consumed or stored. When the cost of storage goes high enough...
Hello, I'm in the oil business. When the price gets cheap like it is now we just shut the pump jacks off. Electricity cost to much to run them. In Illinois 80% of the oil wells are shut off. They'll keep some wells running to help make loan payments. The price of oil is not going to go back up until all the people leave they're house and get back to work. It's as simple as that. I don't see oil going lower. Note: This will really going hurt OPEC because they are socialist countries and the oil wells that have been completed on bank money here in the USA. Well those will be for sale if the price stays at this level for 60+ days, and then lot of wells be for sale.
Patience, let the trade come to you.
  • #7,329
  • Apr 16, 2020 5:08pm Apr 16, 2020 5:08pm
mother of god 6$ moe up...
Extreme gut feeling trader
  • #7,330
  • Apr 16, 2020 7:29pm Apr 16, 2020 7:29pm
hey guys, total newbie here. Just a quick question, why did the price of oil jump from $19 to $26 a barrel about 3 hours ago? I'm yet to trade oil so I am just trying to get my head around a few basics before i consider it. I can see I will need a big account to handle the swings! Thank in advance
Emotional Control. Process, not outcome.
  • #7,331
  • Apr 16, 2020 7:47pm Apr 16, 2020 7:47pm
Quoting Konichiwhaat
hey guys, total newbie here. Just a quick question, why did the price of oil jump from $19 to $26 a barrel about 3 hours ago? I'm yet to trade oil so I am just trying to get my head around a few basics before i consider it. I can see I will need a big account to handle the swings! Thank in advance
only moved .35 cents. Not seeing where it moved $6 anywhere
  • #7,332
  • Apr 16, 2020 7:57pm Apr 16, 2020 7:57pm
Quoting Kwame Freder
{quote} only moved .35 cents. Not seeing where it moved $6 anywhere
mmm what the heck am I looking at then? Maybe my trading platform is not ACTUAL oil, and maybe an oil company? What ever it is it is now $26. Like I say, lots to learn, thank you!
Attached Image (click to enlarge)
Click to Enlarge Name: oil.jpg Size: 94 KB
Emotional Control. Process, not outcome.
  • #7,333
  • Apr 16, 2020 8:58pm Apr 16, 2020 8:58pm
Quoting Moty
{image}
moty so unlucky of us... it hit the original target 2 days later .....
Extreme gut feeling trader
  • #7,334
  • Apr 17, 2020 1:00am Apr 17, 2020 1:00am
Quoting Konichiwhaat
hey guys, total newbie here. Just a quick question, why did the price of oil jump from $19 to $26 a barrel about 3 hours ago? I'm yet to trade oil so I am just trying to get my head around a few basics before i consider it. I can see I will need a big account to handle the swings! Thank in advance
Futures did Rollover may to june
persistence and determination alone are omnipotent
  • #7,335
  • Edited 1:52am Apr 17, 2020 1:36am | Edited 1:52am
Quoting Ll1979
{quote} Futures did Rollover may to june
Yeah. Happens with quite a few things and you get a one off swap when it happens - nothing "real"changes to your account.. Really buggers up ya charts.

Follow futures.

Edit - some brokers do offer futures alongside CFDs. A hybrid of a hybrid? They are not "real"futures I think, who knows - it is all pretty much unregulated, as is normal. Spreads don't reflect actual futures.
  • #7,336
  • Apr 17, 2020 2:25am Apr 17, 2020 2:25am
Is Crude oil in its way to hell?
  • #7,337
  • Apr 17, 2020 2:27am Apr 17, 2020 2:27am
Quoting LloydOz
{quote} As long as its going down, I'm selling it to zero. That is probably not an original sentiment
Then your making money atm
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB
persistence and determination alone are omnipotent
  • #7,338
  • Apr 17, 2020 2:28am Apr 17, 2020 2:28am
#WTI / H1
Attached Image (click to enlarge)
Click to Enlarge Name: 8byBGnc.png Size: 68 KB
  • #7,339
  • Apr 17, 2020 2:43am Apr 17, 2020 2:43am
Quoting Ll1979
{quote} Then your making money atm {image}
Being a position trader (for that one person out there who may not know what that means, I not only hold on overnight but sometimes for weeks or however long it takes) I'd be embarrassed to say from when I have been short..
  • #7,340
  • Apr 17, 2020 3:08am Apr 17, 2020 3:08am
Quoting LloydOz
{quote} Being a position trader (for that one person out there who may not know what that means, I not only hold on overnight but sometimes for weeks or however long it takes) I'd be embarrassed to say from when I have been short..
Attached Image (click to enlarge)
Click to Enlarge Name: uncle scrooge oil.jpg Size: 191 KB
persistence and determination alone are omnipotent
2 traders viewing now