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WTI Crude Oil Trading

  • #9,181
  • Feb 8, 2021 4:23pm Feb 8, 2021 4:23pm
WTI went up $1.02 today with a low ATR that, discounting a continuation trade from Friday, produced 1 loss trade and 1 good trade.
Attached Image (click to enlarge)
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  • #9,182
  • Feb 9, 2021 6:22am Feb 9, 2021 6:22am
Looking for a possible bearish sign on Daily/Weekly Crude Oil around 60, targeting around 40
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  • #9,183
  • Feb 9, 2021 9:40am Feb 9, 2021 9:40am
Quoting ben92
im afraid on oil price to be higher and higher everyday, because i have many selling position on big lot, is everyone here same?
Since we had a break of previous resistance I'm still bullish till $58-60 level - expecting small pullbacks. If this breaks we could see $65.
Let's see!
  • #9,184
  • Feb 9, 2021 4:13pm Feb 9, 2021 4:13pm
WTI went down 30¢ today with an average ATR that produced 2 good trades, a break even trade and a small lousy trade.
Attached Image (click to enlarge)
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  • #9,185
  • Feb 10, 2021 4:13pm Feb 10, 2021 4:13pm
WTI went up 1¢ today with a low ATR that produced a losing trade at the beginning of the session then 3 average trades.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM12.png Size: 36 KB
  • #9,186
  • Feb 11, 2021 4:15pm Feb 11, 2021 4:15pm
WTI went down 49¢ or 1% today with a low ATR of 60 points that generated 2 minor trades.
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  • #9,187
  • Feb 12, 2021 4:37pm Feb 12, 2021 4:37pm
WTI went up $1,78 today with a high ATR that produced only 1 trade of 210 pips within an ATR of 241 pips. First time I see this This is most likely because of the predicted shortage of oil in the US this winter, the crude oil inventory reduction 3 weeks in a row and probably another reduction for this week that hasn't been published yet.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WTICOUSDM12.png Size: 35 KB
Click to Enlarge Name: Crude oil change.jpg Size: 47 KB
  • #9,188
  • Feb 14, 2021 6:49pm Feb 14, 2021 6:49pm
Oil at the 38.2 fib resistance on monthly. Should pull back to around $57.
Attached Image (click to enlarge)
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It's a big game.
  • #9,189
  • Feb 14, 2021 10:13pm Feb 14, 2021 10:13pm
I wouldn't sell this one for anything, holding longs, buy the retrace if happens, interesting chart tho and thanks.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,190
  • Feb 15, 2021 6:39am Feb 15, 2021 6:39am
Quoting funzodundee
Oil at the 38.2 fib resistance on monthly. Should pull back to around $57. {image}

Quoting yani38
I wouldn't sell this one for anything, holding longs, buy the retrace if happens, interesting chart tho and thanks.


No pull back yet so far today WTI went straight up to $60 then went flat.
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  • #9,191
  • Feb 15, 2021 4:18pm Feb 15, 2021 4:18pm
WTI went up 44¢ today but apart from Friday's continuation trade it was quite a lousy trading day.
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  • #9,192
  • Feb 15, 2021 7:18pm Feb 15, 2021 7:18pm
Quoting Hutch
{quote} {quote} No pull back yet so far today WTI went straight up to $60 then went flat. {image}
Yep, closed 59.50's Friday, up to 60.90 this time yesterday, currently 60.50. Works for me : )
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"Don't Shoot Me I'm Only the Piano Player"
  • #9,193
  • Feb 16, 2021 12:21pm Feb 16, 2021 12:21pm
WTI stalled a bit here. would expect there to be resistance at this level. certainly doesn't appear to have any bearish energy though. would expect sideways action and/or more up.
  • #9,194
  • Feb 16, 2021 4:25pm Feb 16, 2021 4:25pm
Quoting Kwame Freder
WTI stalled a bit here. would expect there to be resistance at this level. certainly doesn't appear to have any bearish energy though. would expect sideways action and/or more up.
I agree with you that the $60 resistance is hard to break. Maybe this is the reason why WTI went up only 3¢ today with a low ATR that didn't deliver good trades.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM12.png Size: 39 KB
  • #9,195
  • Feb 16, 2021 11:42pm Feb 16, 2021 11:42pm
WTI back above 60.00, and BRENT 63.50, all good. Happy to hold : )
Attached Image (click to enlarge)
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"Don't Shoot Me I'm Only the Piano Player"
  • #9,196
  • Feb 17, 2021 8:16am Feb 17, 2021 8:16am
wow what a drop. glad i had closed my long
  • #9,197
  • Feb 17, 2021 10:10am Feb 17, 2021 10:10am
Quoting Kwame Freder
wow what a drop. glad i had closed my long
Do you mean that long candle 2 hours ago with a high of 60.74 and a low of 59.41?
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  • #9,198
  • Feb 17, 2021 11:58am Feb 17, 2021 11:58am
yeah i guess it was caused by the Saudi news
  • #9,199
  • Feb 17, 2021 2:52pm Feb 17, 2021 2:52pm
Attached Image (click to enlarge)
Click to Enlarge Name: crude cup and handle 1hr feb 2020.png Size: 168 KB

my price targets are between 62.74 - 63

i'm seeing cup and handle and an ab=cd .

i'll probably close most of my position before the storage number tomorrow.
In tea leaves we trust!
  • #9,200
  • Feb 17, 2021 4:31pm Feb 17, 2021 4:31pm
WTI went up $1,58 today with a very high ATR that produced 3 excellent trades.
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