WTI Crude Oil Trading | Page 439 | 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

  • #8,761
  • Aug 3, 2020 10:22am Aug 3, 2020 10:22am
Feels very bullish. Exited my long earlier (too early). Think there is more room upwards
  • #8,762
  • Aug 3, 2020 11:30am Aug 3, 2020 11:30am
nice rejection candle at resistance. lets see if it can fall a bit lower
Attached Image (click to enlarge)
Click to Enlarge Name: image oil.png Size: 423 KB
  • #8,763
  • Aug 3, 2020 2:39pm Aug 3, 2020 2:39pm
CME CL volume hasn't recovered to pre-pandemic levels at all:
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0711.png Size: 15 KB

How long is it going to hover around the $40 level. It seems like demand isn't returning nearly as fast as anyone thought. Fundamentals say there's room lower but unless it breaks $40 it's hard to bet against crude.
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #8,764
  • Aug 3, 2020 4:14pm Aug 3, 2020 4:14pm
WTI went up by $0.36 today with a high trading range of $1.65.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM69.png Size: 37 KB
  • #8,765
  • Aug 3, 2020 8:34pm Aug 3, 2020 8:34pm
Quoting Kwame Freder
Feels very bullish. Exited my long earlier (too early). Think there is more room upwards
im expecting another thrust up 100+ pips . Then we should be close to the previous high. May get rejected or push through.
  • #8,766
  • Aug 4, 2020 3:44am Aug 4, 2020 3:44am
Quoting tonny47
nice rejection candle at resistance. lets see if it can fall a bit lower {image}
Sweet, target hit @ 40.48
  • #8,767
  • Aug 4, 2020 3:56am Aug 4, 2020 3:56am
Quoting Kwame Freder
{quote} im expecting another thrust up 100+ pips . Then we should be close to the previous high. May get rejected or push through.
Why do you expect it to go higher though?
  • #8,768
  • Aug 4, 2020 5:34am Aug 4, 2020 5:34am
First entry was moved against, I exited when I saw aggressive longs in b4 stop got hit for Full Size Loss. Waited for that anticipated upthrust.
I am a fan of re-entry.
Shorted, but not where I would have liked to. The ideal place was the Upthrust that was actually a Breakout Failure on lower TF at the arrow on the chart. was busy, when I got to charts I was like SHIT, missed it, that's trading.

watching to see how current level price is sitting on will behave, if any games, I break-even...

Tonny47, caught it greatly, but, just my opinion, could have held for more. I wish to ride it to 28.50 on 2nd Position. 1st TP is 38.69. 3rd is the adventurer...ride it till it dies, lets see...
Attached Image (click to enlarge)
Click to Enlarge Name: WTI2.PNG Size: 92 KB
  • #8,769
  • Aug 4, 2020 6:29am Aug 4, 2020 6:29am
Quoting danasa
First entry was moved against, I exited when I saw aggressive longs in b4 stop got hit for Full Size Loss. Waited for that anticipated upthrust. I am a fan of re-entry. Shorted, but not where I would have liked to. The ideal place was the Upthrust that was actually a Breakout Failure on lower TF at the arrow on the chart. was busy, when I got to charts I was like SHIT, missed it, that's trading. watching to see how current level price is sitting on will behave, if any games, I break-even... Tonny47, caught it greatly, but, just my opinion, could...
Yes, definitely should have held it longer. As I got out, I placed pending order to short higher as I thought there would be a bit of a pullback. Never happened. But definitely think there is plenty of room to the downside
  • #8,770
  • Aug 4, 2020 9:06am Aug 4, 2020 9:06am
Quoting tonny47
{quote} Why do you expect it to go higher though?
The rejection highlighted on the chart from last week, is keeping me on the bullish side
Attached Image (click to enlarge)
Click to Enlarge Name: 4D96F348-A20B-45A8-848D-92BF687C9BEC.jpeg Size: 533 KB
  • #8,771
  • Aug 4, 2020 9:09am Aug 4, 2020 9:09am
Broke-even and stayed out. The kind of money supporting crude oil from under seems don't want the damn thing to go down. I will play it like this, scouting till it finally drops. If it turns bullish. I won't buy yet, could be a trap.
  • #8,772
  • Aug 4, 2020 9:11am Aug 4, 2020 9:11am
More aggressive buying. I went long also and already out
Attached Image (click to enlarge)
Click to Enlarge Name: 0D3AF750-5B01-49E5-9163-6A5452367883.jpeg Size: 533 KB
  • #8,773
  • Edited 4:13pm Aug 4, 2020 9:21am | Edited 4:13pm
Quoting Kwame Freder
{quote} The rejection highlighted on the chart from last week, is keeping me on the bullish side {image}
There is a lot of residence too. But I see what you mean. I think market will be ranging around 40 until US job numbers come out
  • #8,774
  • Aug 4, 2020 9:22am Aug 4, 2020 9:22am
Short again at 41.06
Bit scary given the strength of 1 hour candles
  • #8,775
  • Aug 4, 2020 4:19pm Aug 4, 2020 4:19pm
WTI went up by $0.78 today in a high trading range of $1.94 of which $1.40 was a perfect trading opportunity in the middle of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM69.png Size: 32 KB
  • #8,776
  • Aug 5, 2020 6:54am Aug 5, 2020 6:54am
Quoting tonny47
Short again at 41.06 Bit scary given the strength of 1 hour candles
Didn't expect break to the upside. Got out at around 42.30 with a loss
  • #8,777
  • Aug 5, 2020 7:52am Aug 5, 2020 7:52am
We have a new high on the daily. It’s kinda in no mans land now especially with inventory numbers coming out in a bit. Still very bullish but expecting a pullback
Attached Image (click to enlarge)
Click to Enlarge Name: 5727B2DC-2D0D-4523-99B5-9DA5E9376ECD.png Size: 316 KB
  • #8,778
  • Aug 5, 2020 7:57am Aug 5, 2020 7:57am
Quoting Kwame Freder
We have a new high on the daily. It’s kinda in no mans land now especially with inventory numbers coming out in a bit. Still very bullish but expecting a pullback {image}
Private survey numbers came out yesterday and showing a big draw to forecast, I think this run up would be a result of that but not sure what is going to happen when official numbers come out
  • #8,779
  • Aug 5, 2020 8:58am Aug 5, 2020 8:58am
If this continues we will break $45 by tomorrow. The Dow is up copper is up, looks like all markets want to surge up
  • #8,780
  • Aug 5, 2020 4:06pm Aug 5, 2020 4:06pm
WTI went up by $0.69 today producing two good trades but in a weird manner
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM69.png Size: 35 KB
22 traders viewing now