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WTI Crude Oil Trading

  • #9,881
  • Oct 4, 2021 10:11am Oct 4, 2021 10:11am
Quoting Kwame Freder
wow it smashed through. i'm now looking to short it.
It looks like opec is not really looking to add more oil best to avoid shorting
Master your mind. Master Trading.
  • #9,882
  • Oct 4, 2021 9:13pm Oct 4, 2021 9:13pm
Quoting KareemAliFx
{quote} It looks like opec is not really looking to add more oil best to avoid shorting
Agree, maybe take some off the table. "Cut losses and let profits run", working in this. WTI Cash 77.96 as I type., got to 78.50 overnight, AEST.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,883
  • Oct 5, 2021 8:56am Oct 5, 2021 8:56am
Quoting KareemAliFx
{quote} It looks like opec is not really looking to add more oil best to avoid shorting
haven't taken a short yet. i need to see a proper rejection first. been scalping long but not holding any positions for long.
  • #9,884
  • Oct 6, 2021 3:05am Oct 6, 2021 3:05am
Quoting Kwame Freder
{quote} haven't taken a short yet. i need to see a proper rejection first. been scalping long but not holding any positions for long.
Short yet?

79.90 WTI Cash high previous 24hrs, 78.83 as I post.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,885
  • Oct 6, 2021 10:55am Oct 6, 2021 10:55am
don't like the look of this drop though, i think it will rally again.
  • #9,886
  • Oct 6, 2021 10:53pm Oct 6, 2021 10:53pm
Quoting Kwame Freder
don't like the look of this drop though, i think it will rally again.
Possibly so, I haven't been prepared to short for some time, holding longs, as well well as taking some off the table at times, but overall been adding to on the way up. Has been a nice ride, no white knuckles.

Basic (very) chart attached.

Attached Image (click to enlarge)
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"Don't Shoot Me I'm Only the Piano Player"
  • #9,887
  • Oct 7, 2021 3:43am Oct 7, 2021 3:43am
TOOK A STAB AT THIS YESTERDAY ON THE 1ST DAY OF NEW MOON WHEN MARKET IS EXPECTED TO DECLINE BASED ON THE MOON PHASES
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NO RISK NO REWARD
  • #9,888
  • Oct 7, 2021 6:27am Oct 7, 2021 6:27am
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POSTMASTER
  • #9,889
  • Oct 7, 2021 7:53am Oct 7, 2021 7:53am
shorted it for a few but the drop seemed mostly labored. the bounce off of $75 would suggest this is still bullish. it could also fall into a range and go sideways for awhile
  • #9,890
  • Oct 7, 2021 10:31am Oct 7, 2021 10:31am
Quoting Robinhood1
{image}
Hello.
Where do you set your sl/tp?
  • #9,891
  • Oct 7, 2021 12:18pm Oct 7, 2021 12:18pm
Bulls were patiently waiting down at $75. wouldn't be surprised if they drove this over $80 before the week ends
  • #9,892
  • Oct 7, 2021 7:10pm Oct 7, 2021 7:10pm
Quoting Kwame Freder
shorted it for a few but the drop seemed mostly labored. the bounce off of $75 would suggest this is still bullish. it could also fall into a range and go sideways for awhile
Well done.

Quoting Kwame Freder
Bulls were patiently waiting down at $75. wouldn't be surprised if they drove this over $80 before the week ends
Yes, and certainly came back in with a vengeance.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,893
  • Oct 8, 2021 6:44am Oct 8, 2021 6:44am
there appears to be a supply zone above $79, be careful buying above $79.
  • #9,894
  • Oct 8, 2021 8:21am Oct 8, 2021 8:21am
In 35 sessions, only twice it closed below Up closing bar (the bar which closed above previous bar high). It is highly bullish on daily.

Attached Image (click to enlarge)
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  • #9,895
  • Oct 8, 2021 8:28am Oct 8, 2021 8:28am
Effort (volume) increased, but no results (close and spread)

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  • #9,896
  • Oct 8, 2021 8:33am Oct 8, 2021 8:33am
Looks like Crude is looking for 110$ on positional.

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  • #9,897
  • Oct 8, 2021 1:14pm Oct 8, 2021 1:14pm
we got a peak above $80. i think i will cautiously look for shorts after a retest of the $80 area next week. (buy low, sell high concept)
  • #9,898
  • Oct 8, 2021 8:56pm Oct 8, 2021 8:56pm
Quoting Kwame Freder
we got a peak above $80. i think i will cautiously look for shorts after a retest of the $80 area next week. (buy low, sell high concept)
No doubt about that.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,899
  • Oct 9, 2021 1:53am Oct 9, 2021 1:53am
Buy and hold still working properly. 80 has been smashed. There is no reason on the horizon to shift attitude in such a strong uptrend. I expect an acceleration upwards.
  • #9,900
  • Oct 10, 2021 7:24am Oct 10, 2021 7:24am
Quoting wodzu
Buy and hold still working properly. 80 has been smashed. There is no reason on the horizon to shift attitude in such a strong uptrend. I expect an acceleration upwards.

yes for sure we are in a strong uptrend and i am not advising anyone to sell. just saying that eventually it will come to and end, at some point they will step in and drive oil back down. certain zones like $80 i will look for shorts if it breaks through then i will be scalping long intra day. i don't hold trades for longer than a day

on my charts $80 has not been smashed, it peaked above and got rejected...... but theres a good chance it does break this week and we get higher.
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