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WTI Crude Oil Trading

  • #8,581
  • Jun 23, 2020 2:39am Jun 23, 2020 2:39am
Quoting kuroro001
Hidden bearish divergence m15 at 41 dollars Cancelled at 42.25 dollars
Didn't work for now, but more div on the way up

I'll still look for some sell until we have a strong dip
COT: The precious data ignored
  • #8,582
  • Jun 23, 2020 3:13am Jun 23, 2020 3:13am
It's kinda one way ticket at this point. Volume still very low.
  • #8,583
  • Jun 23, 2020 3:56am Jun 23, 2020 3:56am
Just imagine if stocks start to rise again + dollar sell off....oil easily above 50 dollars

But with all the oil longs there are, i can't be buying. They'll have to dump their oil at some point
COT: The precious data ignored
  • #8,584
  • Jun 23, 2020 4:39am Jun 23, 2020 4:39am
That's right. Everyone who bought, bought 2 months ago..that train already went.
  • #8,585
  • Jun 23, 2020 4:49am Jun 23, 2020 4:49am
Quoting merquise
That's right. Everyone who bought, bought 2 months ago..that train already went.
Then why is the price still rising?

I believe oil is a slightly different asset because of its physical use and the retracements in both directions are not as often and typical as they would be in currencies or stocks/indexes (also means less fake movements compared to others when trending). It is a good daytrading instrument, maybe the best at this moment with 200 pip adr. Wish I noticed that earlier.
  • #8,586
  • Jun 23, 2020 5:50am Jun 23, 2020 5:50am
Lets see if we can head back down towards 38xx this week
COT: The precious data ignored
  • #8,587
  • Jun 23, 2020 6:16am Jun 23, 2020 6:16am
Navarro spooked the markets last night but the recovery was amazing. Currently looks like a Well needed down move in progress. Will look for a long entry at the end
  • #8,588
  • Jun 23, 2020 10:35am Jun 23, 2020 10:35am
Quoting Kwame Freder
Navarro spooked the markets last night but the recovery was amazing. Currently looks like a Well needed down move in progress. Will look for a long entry at the end
But how low do you think it will go?! The million dollar question...... :-)
  • #8,589
  • Jun 23, 2020 11:01am Jun 23, 2020 11:01am
200 daily ema touch and solid daily pinbar in making .. looks like a textbook reversal. A bit suspicious.
  • #8,590
  • Jun 23, 2020 12:01pm Jun 23, 2020 12:01pm
suspect api later today may give an extra push down
  • #8,591
  • Jun 23, 2020 12:21pm Jun 23, 2020 12:21pm
Then upwards.....I hope! Planes and cars are starting to move...... Eyes , fingers and toes
crossed!!
  • #8,592
  • Jun 23, 2020 2:29pm Jun 23, 2020 2:29pm
WTI went down by $0.53 today but still there were good trades within the trading range of $1.83 using a 10 pips Renko chart. On the other hand trading was not as easy using a H1 chart.
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  • #8,593
  • Jun 23, 2020 4:57pm Jun 23, 2020 4:57pm
I will wait for a proper rejection before taking a long. Bearish pressure still present may need another 100 + pips before a bounce
  • #8,594
  • Jun 24, 2020 3:10am Jun 24, 2020 3:10am
LCrude 1H potential reversal Zone....buy stop 39.95 TP 40.25
Attached Image (click to enlarge)
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  • #8,595
  • Jun 24, 2020 5:28am Jun 24, 2020 5:28am
Bye bye LVL 41$/Barrel,
See you At LVL 25$/Barrel !
  • #8,596
  • Jun 24, 2020 5:38am Jun 24, 2020 5:38am
Quoting achmadrusdy
Bye bye LVL 41$/Barrel, See you At LVL 25$/Barrel !
I just love comments like this, you have crystal ball bro?
  • #8,597
  • Jun 24, 2020 7:26am Jun 24, 2020 7:26am
Bears appear to be running out of steam. Let’s see if inventory numbers will help push this down further. My guess would be a big rejection/bounce is coming soon
  • #8,598
  • Jun 24, 2020 7:55am Jun 24, 2020 7:55am
Quoting kuroro001
Lets see if we can head back down towards 38xx this week
And we are done, it was quick, just one day
COT: The precious data ignored
  • #8,599
  • Jun 24, 2020 8:04am Jun 24, 2020 8:04am
No lower??!! Scared!!!!!! :-)
  • #8,600
  • Jun 24, 2020 8:09am Jun 24, 2020 8:09am
[quote = shiftyxxpc; 13023808] {quote} Saya suka komentar seperti ini, Anda punya bola kristal? [/ quote]
On the way bro,
Just sit and relax
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