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WTI Crude Oil Trading

  • #9,901
  • Oct 10, 2021 8:46am Oct 10, 2021 8:46am
Quoting Kwame Freder
{quote} 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.

Yes, we are in an uptrend and should be careful with shorts. But, chart is showing stopping volume, Effort vs Result bar.

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  • #9,902
  • Oct 12, 2021 8:38am Oct 12, 2021 8:38am
It is taking support on EvR bar, but not in a mood to trend.

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Will it go down?

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  • #9,903
  • Oct 12, 2021 9:07am Oct 12, 2021 9:07am
wild 200 pip swing. doesn't want to stay below $80. looks like it wants to go higher (maybe), think i will sit on my hands and just watch for a while
  • #9,904
  • Oct 12, 2021 9:09am Oct 12, 2021 9:09am
it may need another pull back to push north
  • #9,905
  • Oct 13, 2021 12:37am Oct 13, 2021 12:37am
[quote=Shantala;13742468] Will it go down?

Mebbe, but then again, could go up.

Couldn't help but notice 'The Precious One', (SPOT), desperately trying to rally, the 'inflationary safe haven', of yesteryear. 1762 as I type.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,906
  • Oct 13, 2021 2:54am Oct 13, 2021 2:54am
[quote=yani38;13743270]
Quoting Shantala
Will it go down? Mebbe, but then again, could go up. Couldn't help but notice 'The Precious One', (SPOT), desperately trying to rally, the 'inflationary safe haven', of yesteryear. 1762 as I type.
Yes, on 4H, it looks like Spring, and on 5m, shakeout

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  • #9,907
  • Edited 4:17am Oct 13, 2021 4:00am | Edited 4:17am
Yeah I know. Re SPOT, some old fav ASX Goldies eg WAF PRU have hiked a bit, good luck to it/them, 1766/7, but wrong thread re the hold till the death Precious one.

PS I meant to say, great charts and analysis, thanks.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,908
  • Oct 13, 2021 7:57am Oct 13, 2021 7:57am
even though its currently pushing down i'm expecting an up day
  • #9,909
  • Oct 15, 2021 2:56am Oct 15, 2021 2:56am
It made a new high
  • #9,910
  • Edited 4:00am Oct 15, 2021 3:42am | Edited 4:00am
Yeah, got to above $82.40, all screaming 'inflation', SPOT Cash touched above 1800, a bit quieter now. All good : )

EDIT: Be interesting to see what the US Fed Res decides to do re interest rates in the coming months, as the new (Covid) World tries to sort itself out.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,911
  • Oct 17, 2021 10:13am Oct 17, 2021 10:13am
Yo

I have => min $91 => max $103 unlocked for CL

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  • #9,912
  • Edited Oct 18, 2021 2:00am Oct 17, 2021 8:11pm | Edited Oct 18, 2021 2:00am
Well done, on the boil at the moment, WTI Cash $83.44.

EDIT: Interesting media reports now coming thro, 'Energy Crisis'. The US Fed Res certainly in a quandary with rates, no option for them but to raise rates, seemingly, fight the inflation dragon., but if so will put heavy pressure on deficits held by most Western Govt's, and to be re-paid in coming months, years. No big surprise there. Interesting, but certainly not unanticipated. Where is the hedge..who knows?
"Don't Shoot Me I'm Only the Piano Player"
  • #9,913
  • Oct 19, 2021 5:33am Oct 19, 2021 5:33am
I went short

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  • #9,914
  • Oct 19, 2021 7:35am Oct 19, 2021 7:35am
Out. Worked well.

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  • #9,915
  • Oct 19, 2021 9:16pm Oct 19, 2021 9:16pm
Well done, close call, glad you didn't get caught in the rebound. WTI Cash 82.7 atm.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,916
  • Oct 20, 2021 10:00am Oct 20, 2021 10:00am
nice WTI range. wide enough to score nice pips
  • #9,917
  • Oct 20, 2021 11:50am Oct 20, 2021 11:50am
#WTI / H4
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  • #9,918
  • Oct 20, 2021 9:11pm Oct 20, 2021 9:11pm
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.
Quoting Kwame Freder
nice WTI range. wide enough to score nice pips
Quoting Ayax.TSS
#WTI / H4{image}
WTI Cash pretty strong ATM, $84.50 as I type, AUD/USD right on its hammer, running up with it, very strong @ 0.7542 currently, A200 similar, 7440.

Interesting chart Ayax.TSS, see how it pans out.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,919
  • Oct 24, 2021 1:56pm Oct 24, 2021 1:56pm
The $85 zone will bring the pause, we can already see USD/CAD reversing.
Be humble or be humbled.
  • #9,920
  • Oct 25, 2021 3:08pm Oct 25, 2021 3:08pm
after hitting $85 we r getting a bearish daily candle. may get a bearish week.
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