WTI Crude Oil Trading | Page 427 | 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

  • #8,521
  • Jun 17, 2020 3:30pm Jun 17, 2020 3:30pm
This is whats going on currently...
Attached Image (click to enlarge)
Click to Enlarge Name: E3F7052E-9B23-435B-9962-DE1C03B305F0.jpeg Size: 92 KB
  • #8,522
  • Jun 17, 2020 4:36pm Jun 17, 2020 4:36pm
Quoting shiftyxxpc
This is whats going on currently... {image}
Depending on how a person trades it doesn't matter what type of market is prevalent although today was a kangaroo market Not withstanding there were many good trading opportunities even if WTI failed to even gain a dime
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM2.png Size: 43 KB
  • #8,524
  • Jun 18, 2020 9:38am Jun 18, 2020 9:38am
looks like its trying to break north. does it have the juice to do it today, we'll see.
  • #8,525
  • Jun 18, 2020 9:59am Jun 18, 2020 9:59am
Quoting shiftyxxpc
This is whats going on currently... {image}
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #8,526
  • Jun 18, 2020 10:13am Jun 18, 2020 10:13am
Attached Image
persistence and determination alone are omnipotent
  • #8,527
  • Jun 18, 2020 10:43am Jun 18, 2020 10:43am
this price action is beginning to feel like a setup for a big move down. struggling to move up like an elastic band being pulled.
  • #8,528
  • Jun 18, 2020 10:46am Jun 18, 2020 10:46am
Quoting Kwame Freder
this price action is beginning to feel like a setup for a big move down. struggling to move up like an elastic band being pulled.

wouldn't be surprised if it goes up a bit more and gets sharply rejected
  • #8,529
  • Jun 18, 2020 12:26pm Jun 18, 2020 12:26pm
Short at 5 min pinbar at resistance. Let's see how it plays out
Attached Image (click to enlarge)
Click to Enlarge Name: Capture oil.PNG Size: 174 KB
  • #8,530
  • Jun 18, 2020 3:36pm Jun 18, 2020 3:36pm
very strange movement today. not even sure its really broken out of the range. lots of bullish pressure but unable to push higher. would indicate exhaustion but i would not bet against it ripping higher
  • #8,531
  • Jun 18, 2020 4:16pm Jun 18, 2020 4:16pm
Quoting Kwame Freder
looks like its trying to break north. does it have the juice to do it today, we'll see.
WTI had enough juice to move north by $1.01 or 3% with a nice trading range of $1.72.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM2.png Size: 40 KB
  • #8,532
  • Jun 18, 2020 5:39pm Jun 18, 2020 5:39pm
Quoting tonny47
Short at 5 min pinbar at resistance. Let's see how it plays out {image}
ended up closing this for a small loss of 13 cents, just want to get sleep without stressing where the price is going. price has been holding stubbornly high with no real moves. looks like it may go bit higher, but i am still bearish
  • #8,533
  • Jun 19, 2020 2:26am Jun 19, 2020 2:26am
Whats the reason for this breakout, anyone?
  • #8,534
  • Jun 19, 2020 2:58am Jun 19, 2020 2:58am
Quoting shiftyxxpc
Whats the reason for this breakout, anyone?
Stocks rising, economy opening, etc...

Its weird i have to admit, but at some point we'll have a good dip.

Hope to see 30/35 dollars before another surge up, but who knows
COT: The precious data ignored
  • #8,535
  • Jun 19, 2020 3:05am Jun 19, 2020 3:05am
Yeah that all is general reason for the uptrend but i thought there is a specific news today for this breakout... correction is definitely about to come especially because of fear of second Coronavirus wave but it will continue to go up in second half of the 2020.
  • #8,536
  • Jun 19, 2020 3:17am Jun 19, 2020 3:17am
Quoting shiftyxxpc
Yeah that all is general reason for the uptrend but i thought there is a specific news today for this breakout... correction is definitely about to come especially because of fear of second Coronavirus wave but it will continue to go up in second half of the 2020.
I find the move very overstretched, but so far it doesn't want to correct
Weekly (couple of weeks, maybe months) will have to correct before another leg up, to be healthy

I still have a small part of long oil ETF, but i want to add lower
COT: The precious data ignored
  • #8,537
  • Jun 19, 2020 3:25am Jun 19, 2020 3:25am
Short term i will add short position but i have long term Long options that expire in January 2021.
  • #8,538
  • Jun 19, 2020 3:35am Jun 19, 2020 3:35am
small short at the back of 1 min and resistance
Attached Image (click to enlarge)
Click to Enlarge Name: Capture19 June.PNG Size: 40 KB
  • #8,539
  • Jun 19, 2020 3:39am Jun 19, 2020 3:39am
Quoting tonny47
small short at the back of 1 min and resistance {image}
Yes, right on the dailyR2+fibR6
COT: The precious data ignored
  • #8,540
  • Jun 19, 2020 3:45am Jun 19, 2020 3:45am
moved my target a bit lower. bit worrying to see that its been climbing consistently up over the past few hours though
Attached Image (click to enlarge)
Click to Enlarge Name: Capture19 June.PNG Size: 37 KB
3 traders viewing now