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WTI Crude Oil Trading

  • #9,241
  • Mar 6, 2021 12:26am Mar 6, 2021 12:26am
Quoting yani38
{quote} Granted, but then open interest/volume has been slowly increasing when averaged out over the past few sessions, possibly a positive sign in this solidly trending bull market.

absolutely, I believe oil is in a FULL RETARD BULL MODE, but I would wait for a meaningful pullback before entering again
  • #9,242
  • Edited 1:23am Mar 6, 2021 1:00am | Edited 1:23am
'RETARD BULL MODE', never heard that one before, go down to NYMEX and let them know.

Anyway, hope you entered at a good price, I don't know when, and if I may be so presumptuous to say, I'd think it was before last night, or the last cple of days.

He who hesitates is lost, apparently, tho you could be right. : )
"Don't Shoot Me I'm Only the Piano Player"
  • #9,243
  • Mar 8, 2021 4:31am Mar 8, 2021 4:31am
looks like the pullback is happening faster than I expected
  • #9,244
  • Mar 8, 2021 6:29am Mar 8, 2021 6:29am
hit a supply zone at $68. may get sideways action this week
  • #9,245
  • Mar 8, 2021 7:42am Mar 8, 2021 7:42am
#BRENT / H4
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  • #9,246
  • Mar 8, 2021 7:58am Mar 8, 2021 7:58am
Quoting grandia
yeah and if you see the hourly candles, it's going up with steady and small candles I imagine this is the result of simultaneous profit taking / stop loss getting hit and at the end of this will be a giant rekt candle (either bull/bear candle) stay safe!
It looks like that you are right.
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  • #9,247
  • Mar 8, 2021 11:05am Mar 8, 2021 11:05am
looks like theres support at $65. staying out til there is a proper bounce.
  • #9,248
  • Mar 8, 2021 1:38pm Mar 8, 2021 1:38pm
I'm not currently in crude but it's hard to bet against this at least testing $70. Here's the daily (CME CL):
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,249
  • Mar 8, 2021 4:22pm Mar 8, 2021 4:22pm
WTI went up $2.24 Friday with 2 losing trades, 4 break even trades and 12 average winning trades. Today WTI went down $1.59 but there were only winning trades, 10 of them, and some were quite good especially the third trade that produced 17 winning bricks.
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  • #9,250
  • Mar 8, 2021 10:01pm Mar 8, 2021 10:01pm
Quoting Kwame Freder
looks like theres support at $65. staying out til there is a proper bounce.
Which particular bounce are you waiting for?

Anyway, all good, 65.50, no panic just yet ; )
"Don't Shoot Me I'm Only the Piano Player"
  • #9,251
  • Mar 8, 2021 10:04pm Mar 8, 2021 10:04pm
Quoting grandia
looks like the pullback is happening faster than I expected
Yes, huge. : ) 'One day and a market', an interesting read.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,252
  • Mar 9, 2021 10:15am Mar 9, 2021 10:15am
may 62.40 is the best of next weeks?
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  • #9,253
  • Mar 9, 2021 4:17pm Mar 9, 2021 4:17pm
WTI went down 87¢ today with an average ATR that produced 6 winning trades and 1 losing trade. Please note the erratic conditions at the end of the trading session.
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  • #9,254
  • Mar 10, 2021 12:10am Mar 10, 2021 12:10am
Quoting Hutch
WTI went down 87¢ today with an average ATR that produced 6 winning trades and 1 losing trade. Please note the erratic conditions at the end of the trading session. {image}
Well done Hutch : )
"Don't Shoot Me I'm Only the Piano Player"
  • #9,255
  • Mar 10, 2021 7:37am Mar 10, 2021 7:37am
looks like the bearish run may be over. will be interesting to see where the week ends.
  • #9,256
  • Mar 10, 2021 8:36am Mar 10, 2021 8:36am
To all my fellow energy traders out there. T minus 55. After last week's record build/draws, we could see some fireworks. I posted a brief preview: https://www.energyexch.com/thread/po...5#post13445815

Good luck out there!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,257
  • Mar 10, 2021 10:08am Mar 10, 2021 10:08am
Quoting EventsTrader
To all my fellow energy traders out there. T minus 55. After last week's record build/draws, we could see some fireworks. I posted a brief preview: https://www.energyexch.com/thread/po...5#post13445815 Good luck out there!

or a complete dud. today is shaping up to be one of those frustrating days where it moves up and down in an erratic fashion but doesn't really go any where.
  • #9,258
  • Mar 10, 2021 11:49am Mar 10, 2021 11:49am
Quoting Kwame Freder
{quote} or a complete dud. today is shaping up to be one of those frustrating days where it moves up and down in an erratic fashion but doesn't really go any where.
After that initial knee-jerk reaction it looks like traders started to sell crude on back to back weeks showing huge builds. Attachment g
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,259
  • Mar 10, 2021 4:27pm Mar 10, 2021 4:27pm
Quoting Kwame Freder
{quote} or a complete dud. today is shaping up to be one of those frustrating days where it moves up and down in an erratic fashion but doesn't really go any where.
I agree with you that it was an erratic session with too many up/down moves but WTI went up 88¢ with a low ATR that produced 2 break even trades and 8 winners. Like you I was frustrated and closed good trades early. Oh well, we can't win them all
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  • #9,260
  • Mar 11, 2021 10:01am Mar 11, 2021 10:01am
Quoting Kwame Freder
looks like the bearish run may be over. will be interesting to see where the week ends.
struggling to break north now, may get a nice bullish run before the week ends. no clue on time frame but if it does break north $70 target will probably get taken out
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