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WTI Crude Oil Trading

  • #8,681
  • Jul 8, 2020 10:53am Jul 8, 2020 10:53am
D1 shows divergence it should work out someday. Which one? wti failed to get through daily resistance so far. once it happen we can see 42.5-43 on the tag I think.
In case daily support is broken which is around 37, it may go far south - 33 the next level.
All the latest news re covid cases increase and some local lockdowns work for option 2. But you never know.
Attached Image (click to enlarge)
Click to Enlarge Name: WTI D1.png Size: 49 KB
  • #8,682
  • Jul 8, 2020 11:29am Jul 8, 2020 11:29am
Quoting mades
There is just no path for it to drop .. daily pivot in confluence with daily open stops every attempt. I guess we see 41 today. Also daily range 52 points till now in a major news day, wtf is that.
41 .. oh well. This is fucking ridiculous, it's not even long squeeze just buy buy buy. I reversed but .. meh.
  • #8,683
  • Jul 8, 2020 11:30am Jul 8, 2020 11:30am
Quoting Kwame Freder
Inventory numbers out today, may get a break out. Bulls still in business
looks like we r getting some movement. I’m in long
  • #8,684
  • Jul 8, 2020 11:35am Jul 8, 2020 11:35am
Probably just another false breakout
  • #8,685
  • Jul 8, 2020 11:47am Jul 8, 2020 11:47am
Quoting Kwame Freder
Probably just another false breakout
It already made one false breakout, how many more ffs.
  • #8,686
  • Jul 8, 2020 12:07pm Jul 8, 2020 12:07pm
Quoting mades
{quote} It already made one false breakout, how many more ffs.
Patients
I don't need to be good at the game, only good enough to beat my opponent,
  • #8,687
  • Jul 8, 2020 12:19pm Jul 8, 2020 12:19pm
Quoting detector
{quote} Patients
Patience*
  • #8,688
  • Jul 8, 2020 12:23pm Jul 8, 2020 12:23pm
Quoting shiftyxxpc
{quote} Patience*
Me bad, thanks for the corection
I don't need to be good at the game, only good enough to beat my opponent,
  • #8,689
  • Jul 8, 2020 12:25pm Jul 8, 2020 12:25pm
Quoting shiftyxxpc
{quote} What broker do you use?
Sometimes customary to say thank you
I don't need to be good at the game, only good enough to beat my opponent,
  • #8,690
  • Jul 8, 2020 2:11pm Jul 8, 2020 2:11pm
Quoting detector
{quote} Sometimes customary to say thank you
My bad, thank you...
  • #8,691
  • Jul 8, 2020 4:09pm Jul 8, 2020 4:09pm
WTI went up by $0.47 today closing above $40 for the first time since 6 March. With a low trading range of $0.80 it was the worst trading day this month.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM2.png Size: 40 KB
  • #8,692
  • Jul 8, 2020 4:56pm Jul 8, 2020 4:56pm
Crude is struggling to break out of this range but my best guess is it will happen, maybe not how we expect it to. Only times in the pass 2 weeks I’ve taken a small loss is when i short this
  • #8,693
  • Jul 9, 2020 9:24am Jul 9, 2020 9:24am
isn't it time to sell like hell?
  • #8,694
  • Jul 9, 2020 9:25am Jul 9, 2020 9:25am
This is a free telegram group where experienced traders share their trades and technical/ fundamental updates on the market: https://t.me/joinchat/IQwq2hFv4UeDJ_9RROZqcw
  • #8,695
  • Jul 9, 2020 9:49am Jul 9, 2020 9:49am
Jumped in short and just closed. Not bad
  • #8,696
  • Jul 9, 2020 2:13pm Jul 9, 2020 2:13pm
Quoting Kwame Freder
Jumped in short and just closed. Not bad
I think it will drop more later
  • #8,697
  • Jul 9, 2020 3:37pm Jul 9, 2020 3:37pm
Ha - been moaning that there's been no movement this week. Be careful what you wish for, I guess!
  • #8,698
  • Jul 9, 2020 4:15pm Jul 9, 2020 4:15pm
WTI went down by $1.23 or 3% within a normal trading range of $1.66 and producing two good trades. Looks like $40 is the major resistance for now.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM2.png Size: 37 KB
  • #8,699
  • Jul 9, 2020 4:54pm Jul 9, 2020 4:54pm
What and why exactly happened with the price today?
  • #8,700
  • Jul 10, 2020 4:12am Jul 10, 2020 4:12am
Quoting shiftyxxpc
What and why exactly happened with the price today?
What was expected and why demand will be slowing, only my opinion
I don't need to be good at the game, only good enough to beat my opponent,
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