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WTI Crude Oil Trading

  • #9,641
  • Jul 7, 2021 3:23am Jul 7, 2021 3:23am
Interesting re the ATR, classic divergence it would seem, as shown on a 10 min chart.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,642
  • Jul 7, 2021 7:56am Jul 7, 2021 7:56am
seems $73 is heavily defended. even with current news bears cannot hold wti under $73. would like to see another test of this area before entering
  • #9,643
  • Jul 7, 2021 8:00am Jul 7, 2021 8:00am
taken a little short here @ 73.83

does look like fomoc will be dollar postive and all commodities are going to take a hit.
In tea leaves we trust!
  • #9,644
  • Jul 7, 2021 9:39am Jul 7, 2021 9:39am
https://www.aljazeera.com/economy/20...sh-over-output
  • #9,645
  • Jul 7, 2021 9:45am Jul 7, 2021 9:45am
closed @ 71.50
In tea leaves we trust!
  • #9,646
  • Jul 7, 2021 10:15am Jul 7, 2021 10:15am
Quoting Mcbeaners
closed @ 71.50
re-entered short @ .74
In tea leaves we trust!
  • #9,647
  • Jul 7, 2021 10:41am Jul 7, 2021 10:41am
closed it for small loss. going to wait until fomoc probably.
In tea leaves we trust!
  • #9,648
  • Jul 7, 2021 3:02pm Jul 7, 2021 3:02pm
Is this good or bad news?

https://www.cnbc.com/2021/07/06/oil-...ey-currie.html
Attached Image (click to enlarge)
Click to Enlarge Name: 90 oil.jpg Size: 104 KB
  • #9,649
  • Jul 7, 2021 4:35pm Jul 7, 2021 4:35pm
WTI went down $1.69 today with an extremely high ATR that produced 14 winning trades and 3 break even trades. Please note that there were 2 false signals that were easily detectable. For the first time on this thread I show 2 charts since the pictures would be way too small on 1 chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WTICOUSDM100.png Size: 37 KB
Click to Enlarge Name: WTICOUSDM10.png Size: 39 KB
  • #9,650
  • Jul 7, 2021 5:52pm Jul 7, 2021 5:52pm
Quoting Hutch
Is this good or bad news? https://www.cnbc.com/2021/07/06/oil-...ey-currie.html {image}
depends - bad for longs good for shorts.
In tea leaves we trust!
  • #9,651
  • Jul 8, 2021 1:30am Jul 8, 2021 1:30am
Dow futs and A200 showing an intra-day reversal pattern, AUDvsUSD continues to languish, bearish undertone for some time now. A200 more often than not a good indicator of what's in store for the Dow later. WTI back to US72.00 or thereabouts.

Attached Image (click to enlarge)
Click to Enlarge Name: Random.png Size: 84 KB
"Don't Shoot Me I'm Only the Piano Player"
  • #9,652
  • Jul 8, 2021 1:40am Jul 8, 2021 1:40am
Attached Image
"Don't Shoot Me I'm Only the Piano Player"
  • #9,653
  • Jul 8, 2021 2:31am Jul 8, 2021 2:31am
Spoken too soon.

Attached Image (click to enlarge)
Click to Enlarge Name: Spoke_too_soon.png Size: 107 KB
"Don't Shoot Me I'm Only the Piano Player"
  • #9,654
  • Jul 8, 2021 8:23am Jul 8, 2021 8:23am
gone short 72.15
In tea leaves we trust!
  • #9,655
  • Jul 8, 2021 2:11pm Jul 8, 2021 2:11pm
Quoting Mcbeaners
gone short 72.15
well that didn't work out.

still see ES going south and dollar rising. so looking to re-enter crude short.
In tea leaves we trust!
  • #9,656
  • Jul 8, 2021 3:30pm Jul 8, 2021 3:30pm
looks bullish to me. will try and hold for 200+ but doubt it will happen before the week ends.
  • #9,657
  • Jul 8, 2021 4:15pm Jul 8, 2021 4:15pm
WTI went up $1.12 today producing 10 winning trades and 2 break even trades.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM10.png Size: 42 KB
  • #9,658
  • Jul 8, 2021 11:37pm Jul 8, 2021 11:37pm
There it is. The Precious One back above 1800, holding WTI.

Attached Image (click to enlarge)
Click to Enlarge Name: A200.png Size: 19 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Live.png Size: 120 KB
"Don't Shoot Me I'm Only the Piano Player"
  • #9,659
  • Jul 9, 2021 8:46am Jul 9, 2021 8:46am
may be capped at $74+ today. i think we will get more up next week
  • #9,660
  • Jul 9, 2021 4:17pm Jul 9, 2021 4:17pm
Quoting Kwame Freder
may be capped at $74+ today. i think we will get more up next week
Sure looks that way it almost reached $75 today. WTI went up $1.37 with a below average ATR that produced 5 winning trades and 1 losing trade.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDM10.png Size: 34 KB
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