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WTI Crude Oil Trading

  • #8,801
  • Aug 14, 2020 4:17pm Aug 14, 2020 4:17pm
Quoting Kwame Freder
Tight range crappy trading conditions
WTI went down by $0.32 today but you are right it wasn't what we call good trading conditions.
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  • #8,802
  • Aug 16, 2020 7:44am Aug 16, 2020 7:44am
USOIL has been consolidating for quite some time and that's why we did not cover this in our analysis. It reached 61.8 fib level and 200 sma that we identified few weeks ago. But since then there has not been too much of movement from swing trading point of view. Now that it is reaching a point where it will have a make a decision, we are starting to look at it once again. Keep an eye on the DXY (dolar index) for the dollar strength measure.

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Technical Analyst & Trader @ Vikinsa
  • #8,803
  • Aug 16, 2020 5:36pm Aug 16, 2020 5:36pm
another attempt of Wolfe wave pattern
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dolce vita
  • #8,804
  • Aug 16, 2020 5:42pm Aug 16, 2020 5:42pm
The only a few minutes of difference, but on Investing she have already reached the point but FXCM broker's chart shows some pips missing
dolce vita
  • #8,805
  • Aug 17, 2020 6:21am Aug 17, 2020 6:21am
I think Investing showing both contract (September & October)
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dolce vita
  • #8,806
  • Aug 17, 2020 6:43am Aug 17, 2020 6:43am
downtrend?
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dolce vita
  • #8,807
  • Aug 17, 2020 11:50am Aug 17, 2020 11:50am
still looking for somewhere down
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dolce vita
  • #8,808
  • Aug 17, 2020 2:16pm Aug 17, 2020 2:16pm
Quoting Haendlerin
if it is a III of a C-Wave than the pullback is worth to try a long - stopp below white II {image}
I opened 4 more contracts in the area of 42 and closed them ahead of the weekend @ 42.60. I gave up the position from the former chart as price went down again to the area of 4216 with a loss of 30 pips (cent). What a great feeling to see that price then went up like a rocket - that's trading. Currently staying at sidelines and wait for more correction.
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Never give up!!
  • #8,809
  • Aug 17, 2020 4:08pm Aug 17, 2020 4:08pm
WTI went up by $0.57 producing a very good trade this afternoon.
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  • #8,810
  • Aug 18, 2020 9:51am Aug 18, 2020 9:51am
interesting level its currently stalled at now. yesterday we revisisted the very top of the range and was unable to break out. with the limited drop this morning could be setting up to attack the top of the range again. if it broke could easily see $45-$46
  • #8,811
  • Aug 18, 2020 4:12pm Aug 18, 2020 4:12pm
WTI went down by $0.27 today in a low trading range not conductive to good trading conditions.
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  • #8,812
  • Aug 19, 2020 4:09pm Aug 19, 2020 4:09pm
WTI went up by $0.22 today in a very low trading range with no good trades.
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  • #8,813
  • Aug 20, 2020 9:36am Aug 20, 2020 9:36am
These bulls are no joke!
  • #8,814
  • Aug 20, 2020 9:55am Aug 20, 2020 9:55am
Nice bounce from weekly fib pp and ma200 on H4
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persistence and determination alone are omnipotent
  • #8,815
  • Aug 20, 2020 4:12pm Aug 20, 2020 4:12pm
WTI went down by 19¢ today. It was perfect trading using Renko 10 pips and lousy trading using a H1 chart.
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  • #8,816
  • Aug 21, 2020 10:24am Aug 21, 2020 10:24am
seems like its going to finally break to the downside. shame i closed my short position which i have been holding for like 2 weeks for small loss yesterday. Was short from about 42.30
  • #8,817
  • Aug 21, 2020 4:18pm Aug 21, 2020 4:18pm
Quoting tonny47
seems like its going to finally break to the downside. shame i closed my short position which i have been holding for like 2 weeks for small loss yesterday. Was short from about 42.30
You did quite well shorting at $42.30. WTI went down by 48¢ today producing good trades.
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  • #8,818
  • Aug 22, 2020 4:46pm Aug 22, 2020 4:46pm
Quiet frankly difficult to predict the action for short term. I'm trading in the UK and hedging WTI buying and selling simultaneously till decisive trend forms. Although baring in mind it always trades within $10 chanell
  • #8,819
  • Aug 23, 2020 12:46pm Aug 23, 2020 12:46pm
long @ 43.68 / 44.10 / 44.25 etc... up to 45 USD @ BRENT
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  • #8,820
  • Aug 24, 2020 11:36am Aug 24, 2020 11:36am
doesn't look like its breaking north so i'm expecting a drop to the other side of the 4H range this week
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