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WTI Crude Oil Trading

  • #8,601
  • Jun 24, 2020 8:11am Jun 24, 2020 8:11am
Quoting kuroro001
{quote} And we are done, it was quick, just one day
Just to explain myself.....we got stung quite hard a few weeks ago.....so just cant afford to go in if its going to fall drastically.....although we know its going to go up eventually! I wish we all had the cristal ball!! ;-)
  • #8,602
  • Jun 24, 2020 8:24am Jun 24, 2020 8:24am
Quoting swissclaire
{quote} Just to explain myself.....we got stung quite hard a few weeks ago.....so just cant afford to go in if its going to fall drastically.....although we know its going to go up eventually! I wish we all had the cristal ball!! ;-)
Everything needs to correct at some point.

This correction is not enough in my opinion, but you never know

I wish something below 30 dollars to add some longs again
COT: The precious data ignored
  • #8,603
  • Jun 24, 2020 8:49am Jun 24, 2020 8:49am
Quoting kuroro001
{quote} Everything needs to correct at some point. This correction is not enough in my opinion, but you never know I wish something below 30 dollars to add some longs again
Thank you. I'm wishing with you!! ;-)
  • #8,604
  • Jun 24, 2020 8:50am Jun 24, 2020 8:50am
insane move down, over $2 in about an hour.
  • #8,605
  • Jun 24, 2020 11:27am Jun 24, 2020 11:27am
Quoting Kwame Freder
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
wow what a reaction.
  • #8,606
  • Jun 24, 2020 1:27pm Jun 24, 2020 1:27pm
its risky and certaintly not trade advice for anyone to take, but i'm ready for a long entry
  • #8,607
  • Jun 24, 2020 2:30pm Jun 24, 2020 2:30pm
Quoting Kwame Freder
its risky and certaintly not trade advice for anyone to take, but i'm ready for a long entry
Your previous statement was more accurate and can be translated as "The bear ran the show today " WTI went down by $1.83 or 5% but what was most amazing is that the one big drop of 2,200 points ($2.20) that can be clearly seen on the chart represents 71% of today's trading range of $3.10.
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  • #8,608
  • Jun 25, 2020 1:52am Jun 25, 2020 1:52am
#BRENT / H4 & H1
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  • #8,609
  • Jun 25, 2020 6:02am Jun 25, 2020 6:02am
A bit of indecision here. The Dow May be a good indicator today
  • #8,610
  • Jun 25, 2020 8:48am Jun 25, 2020 8:48am
Quoting Kwame Freder
A bit of indecision here. The Dow May be a good indicator today
its total crap price action today, zig zaging too much to my taste.
  • #8,611
  • Jun 25, 2020 8:57am Jun 25, 2020 8:57am
Quoting mades
{quote} its total crap price action today, zig zaging too much to my taste.
I concur its super horrible. manipulation
  • #8,612
  • Jun 25, 2020 9:01am Jun 25, 2020 9:01am
Quoting Kwame Freder
{quote} I concur its super horrible. manipulation
its probably following dow which likes to do this kind of shenanigans.
  • #8,613
  • Jun 25, 2020 10:07am Jun 25, 2020 10:07am
this crawl upwards is very suspicious i doubt it will continue. looks more like a setup for a big sell off
  • #8,614
  • Jun 25, 2020 1:33pm Jun 25, 2020 1:33pm
Quoting Kwame Freder
this crawl upwards is very suspicious i doubt it will continue. looks more like a setup for a big sell off


Agree with you, bull run..........i'm on hedging account and playing long and short continuously & i think this will be pretty much my strategy till all clear
  • #8,615
  • Jun 25, 2020 2:13pm Jun 25, 2020 2:13pm
WTI went up by $1.02 today but all the gains were in the last 8 hours in an erratic way.
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  • #8,616
  • Jun 26, 2020 5:52am Jun 26, 2020 5:52am
As I previously thought didn’t think the up move had much more to go. This down move seems fake and short lived too. Would not be surprised if this shot up with the opening bell. Shenanigans
  • #8,617
  • Jun 26, 2020 8:32am Jun 26, 2020 8:32am
Quoting Kwame Freder
As I previously thought didn’t think the up move had much more to go. This down move seems fake and short lived too. Would not be surprised if this shot up with the opening bell. Shenanigans
price movement is erratic and horrible . hope this crap ends this week
  • #8,618
  • Jun 26, 2020 2:15pm Jun 26, 2020 2:15pm
Quoting Kwame Freder
{quote} price movement is erratic and horrible . hope this crap ends this week
I agree 100% with you. WTI went down by $0.79 or 2% today within a low trading range of $1.50. This producing crappy trades even using Renko.
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  • #8,619
  • Jun 26, 2020 2:48pm Jun 26, 2020 2:48pm
Weekly charts showing an overall bearish week. Bullish rally yesterday was soft. Could possibly be a turning point for a bit of a correction or market could shrug off covid concerns and keep marching north. Suspect we will get a sideways range next week until it decides where to next
  • #8,620
  • Jun 26, 2020 4:48pm Jun 26, 2020 4:48pm
Quoting Kwame Freder
Suspect we will get a sideways range next week until it decides where to next
I really hope not! But every move down is so awfully reluctant, everything gets retraced, many many wicks on 5/15/30m bars, tons of fake movements, fake pins on both 30M (which is now a standard) and 1H, complete with fake pin confirmation, it is so annoying. The only real solid move was about 2 hours long on Wendesday after news.
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