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WTI Crude Oil Trading

  • #8,361
  • Jun 2, 2020 6:34pm Jun 2, 2020 6:34pm
oil rocket
  • #8,362
  • Jun 2, 2020 10:46pm Jun 2, 2020 10:46pm
#BRENT / H4 & H1
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  • #8,363
  • Jun 3, 2020 1:42am Jun 3, 2020 1:42am
Where do you see price in January 2021, im looking to buy something in future?
  • #8,364
  • Jun 3, 2020 4:05am Jun 3, 2020 4:05am
Quoting shiftyxxpc
Where do you see price in January 2021, im looking to buy something in future?
$285.67
  • #8,365
  • Jun 3, 2020 4:10am Jun 3, 2020 4:10am
OPEC meeting is unlikely tomorrow which isn't a good news.

One more month cut extension is likely if other countries which didn't comply agree to make up the difference in coming months. Russia and Saudis have been pulling their weight so they dont seem to be too pleased with compliance of others.

I am expecting further fall from here to at least 34.50-35.
  • #8,366
  • Jun 3, 2020 4:12am Jun 3, 2020 4:12am
Quoting tonny47
OPEC meeting is unlikely tomorrow which isn't a good news. One more month cut extension is likely if other countries which didn't comply agree to make up the difference in coming months. Russia and Saudis have been pulling their weight so they dont seem to be too pleased with compliance of others. I am expecting further fall from here to at least 34.50-35.
I guess Mexico will be a returning problem.
persistence and determination alone are omnipotent
  • #8,367
  • Jun 3, 2020 7:53am Jun 3, 2020 7:53am
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persistence and determination alone are omnipotent
  • #8,368
  • Jun 3, 2020 8:11am Jun 3, 2020 8:11am
Crude oil seems stubbornly bullish to me. its shrugging off any bad news.I expect it to pop north this afternoon and continue to surge north
  • #8,369
  • Jun 3, 2020 8:28am Jun 3, 2020 8:28am
Quoting Kwame Freder
Crude oil seems stubbornly bullish to me. its shrugging off any bad news.I expect it to pop north this afternoon and continue to surge north
And with the dollar selling going on, its not going to stop
COT: The precious data ignored
  • #8,370
  • Jun 3, 2020 8:50am Jun 3, 2020 8:50am
I actually shorted number of times today but always pulled back and stopped out at break even.
Now again short from 37.00 and my stop loss is again at break even. Hope it's going lower this time more decisively. Up around 40 cents now but might turn around pretty fast. I expect it to fall to around $34

Can't really tell what's going on - I think there is more negative news that there is positive ones but oil is stubborn as you guys pointed out
  • #8,371
  • Jun 3, 2020 11:19am Jun 3, 2020 11:19am
Quoting tonny47
I actually shorted number of times today but always pulled back and stopped out at break even. Now again short from 37.00 and my stop loss is again at break even. Hope it's going lower this time more decisively. Up around 40 cents now but might turn around pretty fast. I expect it to fall to around $34 Can't really tell what's going on - I think there is more negative news that there is positive ones but oil is stubborn as you guys pointed out
Not again... stopped out after being in profit around 90 cents...
  • #8,372
  • Jun 3, 2020 11:27am Jun 3, 2020 11:27am
Quoting tonny47
{quote} Not again... stopped out after being in profit around 90 cents...
Hope you raised your sl into profit.
persistence and determination alone are omnipotent
  • #8,373
  • Jun 3, 2020 11:47am Jun 3, 2020 11:47am
Quoting tonny47
{quote} Not again... stopped out after being in profit around 90 cents...


Sell stops have to be triggered at the 36 level before cascading to the 34 level. Knowing that, where would you short if you wanted to for a quick play?



(BTW its still a bull market.)
  • #8,374
  • Jun 3, 2020 11:53am Jun 3, 2020 11:53am
Quoting Ll1979
{quote} Hope you raised your sl into profit.
took few cents... nothing major
  • #8,375
  • Jun 3, 2020 11:55am Jun 3, 2020 11:55am
Quoting seth10
{quote} Sell stops have to be triggered at the 36 level before cascading to the 34 level. Knowing that, where would you short if you wanted to for a quick play? (BTW its still a bull market.)
fair... but dont think its going to be a major selloff so was trying to position myself as high as possible. I think there is possible good short right now as there is a resistance on the upside (nice pinbar on 5 min). but would keep stop tight. but anyway, i think i will call it a day
  • #8,376
  • Jun 3, 2020 12:04pm Jun 3, 2020 12:04pm
doubt it has enough juice to make a new high today, but if it settles here i think it will break the high later in the upcoming sessions
  • #8,377
  • Jun 3, 2020 12:08pm Jun 3, 2020 12:08pm
the way i see it is they spent most of the day trying to shake out anyone who tried to go long below. they succeeded in shaking me out once but eventually i prevailed
  • #8,378
  • Jun 3, 2020 12:12pm Jun 3, 2020 12:12pm
Quoting tonny47
{quote} fair... but dont think its going to be a major selloff so was trying to position myself as high as possible. I think there is possible good short right now as there is a resistance on the upside (nice pinbar on 5 min). but would keep stop tight. but anyway, i think i will call it a day


Ok understand. You trade very short time frame. 37.45 then would have been a good place to sell today, just below accumulated stops placed between tokyo and london open. Having said that an expected run to 34.50 with tight stops was quite a stretch.
  • #8,379
  • Jun 3, 2020 12:16pm Jun 3, 2020 12:16pm
Quoting seth10
{quote} Sell stops have to be triggered at the 36 level before cascading to the 34 level. Knowing that, where would you short if you wanted to for a quick play? (BTW its still a bull market.)
this is what I was referring to. just when i gave up for the day... damn!
and keeps going lower - would have been 40+ cents in profit now.
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  • #8,380
  • Jun 3, 2020 12:21pm Jun 3, 2020 12:21pm
Crude falling off a cliff. No news?
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