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WTI Crude Oil Trading

  • #9,121
  • Dec 22, 2020 4:20pm Dec 22, 2020 4:20pm
Quoting Kwame Freder
its been crappy manipulated sideways action for new york session. inventory data may move it
WTI went down $1.06 with an average ATR that produced only winning trades. I also wondered why this sucker had gone up while the inventory has only been increasing since 15 November.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WTICOUSDM12.png Size: 40 KB
Click to Enlarge Name: Inventory.png Size: 12 KB
  • #9,122
  • Edited 10:30am Dec 23, 2020 9:17am | Edited 10:30am
"at the top of the range now with inventory numbers coming out i'm expecting a drop"

no drop looks like its heading to $50
  • #9,123
  • Dec 23, 2020 4:14pm Dec 23, 2020 4:14pm
Quoting Kwame Freder
"at the top of the range now with inventory numbers coming out i'm expecting a drop" no drop looks like its heading to $50
I think that the drop will come but not today. WTI went up $1.28 today with a high ATR that basically produced only one trade on the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM12.png Size: 34 KB
  • #9,124
  • Dec 24, 2020 3:47pm Dec 24, 2020 3:47pm
WTI went up only 24¢ today with a below average ATR that produced 4 good trades in a shortened session.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM12.png Size: 34 KB
  • #9,125
  • Dec 28, 2020 4:14pm Dec 28, 2020 4:14pm
WTI went down 58¢ or 2% today but it was a good trading day with those ups and downs.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM12.png Size: 41 KB
  • #9,126
  • Dec 29, 2020 4:19pm Dec 29, 2020 4:19pm
WTI recovered a little going up 40¢ but the low ATR did not produce good trades. In any case it's the worst trading week of the year.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM12.png Size: 40 KB
  • #9,127
  • Dec 30, 2020 8:10am Dec 30, 2020 8:10am
WTI falling hard.
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,128
  • Dec 30, 2020 8:40am Dec 30, 2020 8:40am
Quoting EventsTrader
WTI falling hard. {image}
just to the other side of the range. inventory numbers coming out in a bit too
  • #9,129
  • Dec 30, 2020 9:49am Dec 30, 2020 9:49am
Quoting Kwame Freder
{quote} just to the other side of the range. inventory numbers coming out in a bit too
Quite the reversal. It started before the data but the huge draw triggered it even higher.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,130
  • Dec 30, 2020 10:15am Dec 30, 2020 10:15am
Quoting EventsTrader
{quote} Quite the reversal. It started before the data but the huge draw triggered it even higher. {image}
My goodness. Seems my posts are a good contrarian indicator today.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,131
  • Dec 30, 2020 10:21am Dec 30, 2020 10:21am
i suspect they have no intention of moving wti anywhere of significance, its just wild swings to catch traders (break out) out
  • #9,132
  • Edited Dec 31, 2020 7:37am Dec 30, 2020 4:20pm | Edited Dec 31, 2020 7:37am
Today is totally the opposite of yesterday. WTI went up only 23¢ with a low ATR that produced good trades. The inventory decrease of 4.79 million barrels had only a little effect on the price at least for today.

Sorry I posted the wrong WTI chart here is the right one.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Inventory.png Size: 12 KB
Click to Enlarge Name: WTICOUSDM12.png Size: 47 KB
  • #9,133
  • Dec 31, 2020 1:19am Dec 31, 2020 1:19am
bottom effects but not enough yet , likely do again and again before set for Big UP!recently it got life breaking limit 50.39 level but not enough yet , another limit 55.72 and waiting breakout towards bottom again!
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Click to Enlarge Name: BRENTMonthly.png Size: 35 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #9,134
  • Dec 31, 2020 12:13pm Dec 31, 2020 12:13pm
As I suspected nothing much happening. Hope we get some big moves next month/year. Happy new year!
  • #9,135
  • Dec 31, 2020 4:19pm Dec 31, 2020 4:19pm
Quoting Kwame Freder
As I suspected nothing much happening. Hope we get some big moves next month/year. Happy new year!
Happy New Year to you and to all oil traders. WTI went up 12¢ today with a below average ATR that produced only one worthy trade.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM12.png Size: 47 KB
  • #9,136
  • Jan 4, 2021 7:07am Jan 4, 2021 7:07am
Even with crude flirting with pushing pass $50, it feels like a big drop may come first. May just stay out of the market and wait and see
  • #9,137
  • Jan 4, 2021 4:21pm Jan 4, 2021 4:21pm
Quoting Kwame Freder
Even with crude flirting with pushing pass $50, it feels like a big drop may come first. May just stay out of the market and wait and see
WTI flirted with $50 today reaching a high of $49.68 before dropping like a stone ending the day with a $1.05 loss.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM12.png Size: 33 KB
  • #9,138
  • Jan 4, 2021 4:23pm Jan 4, 2021 4:23pm
Quoting Hutch
{quote} WTI flirted with $50 today reaching a high of $49.68 before dropping like a stone ending the day with a $1.05 loss. {image}
I think it will drop further.
  • #9,139
  • Jan 4, 2021 5:43pm Jan 4, 2021 5:43pm
Why is WTI dropping so much at this time of year? New to trading it.
  • #9,140
  • Jan 5, 2021 9:39am Jan 5, 2021 9:39am
if opec news doesn't push it pass $50, it will probably fall again
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