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WTI Crude Oil Trading

  • #8,881
  • Sep 11, 2020 7:17am Sep 11, 2020 7:17am
Quoting tonny47
Price is currently around 37.20. I expect selloff below 36 by the end of today
im expecting more down as well
  • #8,882
  • Sep 11, 2020 8:16am Sep 11, 2020 8:16am
Quoting Kwame Freder
{quote} im expecting more down as well
Fairly aggressive bounce looks like the downside is limited for today at least
  • #8,883
  • Sep 11, 2020 12:49pm Sep 11, 2020 12:49pm
For now, crude has managed to stay above that $36 handle. The recent story has been lowering demand forecasts all over. But these hurricanes in the Atlantic and gulf might be supporting prices a little bit as well.
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We must learn who is gold, and who is gold plated
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  • #8,884
  • Sep 11, 2020 1:13pm Sep 11, 2020 1:13pm
Surprised that the downside move today wasn't larger - but I've still got my eye on hitting the $35 mark before getting out of my shorts. There's no news coming out that isn't bearish IMO.

Anyone else seeing anything different?
  • #8,885
  • Sep 11, 2020 4:20pm Sep 11, 2020 4:20pm
WTI went down 39¢ with a medium trading range but with clear trends.
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  • #8,886
  • Sep 12, 2020 10:19am Sep 12, 2020 10:19am
This area is being defended well by the bulls. I was anticipating a further breakdown to possibly lower thirties. If this does not occur next week I will start switching my bias back to being bullish
  • #8,887
  • Sep 12, 2020 2:25pm Sep 12, 2020 2:25pm
Quoting Kwame Freder
This area is being defended well by the bulls. I was anticipating a further breakdown to possibly lower thirties. If this does not occur next week I will start switching my bias back to being bullish
As long as this market doesn't go crazy negative again we are good for go
  • #8,888
  • Sep 14, 2020 10:21am Sep 14, 2020 10:21am
sideways for now. watching for a break down below
  • #8,889
  • Sep 14, 2020 4:24pm Sep 14, 2020 4:24pm
Quoting Kwame Freder
sideways for now. watching for a break down below
That was an atrocious trading day with a very low ATR not worth the 9¢ drop in price
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  • #8,890
  • Sep 15, 2020 9:35am Sep 15, 2020 9:35am
Comparing the bullish thrust last night to this current bearish Move that is struggling to go lower. I wouldn’t be surprised if we got another thrust upwards some time today
  • #8,891
  • Sep 15, 2020 3:10pm Sep 15, 2020 3:10pm
Is this all to do with the storm disrupting supply? It's the only piece of bullish news I can find!

My positions are hurting me ATM, but will give them this week (and probably next) to make some movement downwards - otherwise, I'll chalk this one as a loss and move on!
  • #8,892
  • Sep 15, 2020 4:07pm Sep 15, 2020 4:07pm
Quoting Kwame Freder
Comparing the bullish thrust last night to this current bearish Move that is struggling to go lower. I wouldn’t be surprised if we got another thrust upwards some time today
Well you were right. After yesterday's garbage move WTI gained a healthy $1.15 in a very decent trading day.
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  • #8,893
  • Sep 16, 2020 4:32am Sep 16, 2020 4:32am
oil needs go up to 43 dolars
  • #8,894
  • Sep 16, 2020 7:11am Sep 16, 2020 7:11am
1H chart has a nice pin bar rejection candle and several smaller ones. Looks like bears are defending this area.
  • #8,895
  • Sep 16, 2020 4:17pm Sep 16, 2020 4:17pm
Quoting Kwame Freder
1H chart has a nice pin bar rejection candle and several smaller ones. Looks like bears are defending this area.
Bears lost - WTI went up $1.77 today in a near straight 45 degree angle.
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  • #8,896
  • Sep 17, 2020 9:25am Sep 17, 2020 9:25am
Quoting Hutch
{quote} Bears lost - WTI went up $1.77 today in a near straight 45 degree angle. {image}
Yup wonder how high the bulls will take it. Definitely think we will get a new high. Hopefully $45+
  • #8,897
  • Sep 17, 2020 4:29pm Sep 17, 2020 4:29pm
Quoting Kwame Freder
{quote} Yup wonder how high the bulls will take it. Definitely think we will get a new high. Hopefully $45+
Sure looks that way with WTI going up another 82¢ today. Hopefully it will hit $45 next week.
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  • #8,898
  • Sep 18, 2020 9:53am Sep 18, 2020 9:53am
looks like we have reached the upside limit for this week. calling it a day, probably mostly shenanigans from here on..
  • #8,899
  • Sep 18, 2020 11:34am Sep 18, 2020 11:34am
Quoting Kwame Freder
looks like we have reached the upside limit for this week. calling it a day, probably mostly shenanigans from here on..
Libya to resume oil production capped the upside.
persistence and determination alone are omnipotent
  • #8,900
  • Sep 18, 2020 4:07pm Sep 18, 2020 4:07pm
WTI hardly moved today going down 1¢ but producing good trades.
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