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WTI Crude Oil Trading

  • #9,921
  • Oct 26, 2021 12:47am Oct 26, 2021 12:47am
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.
As we can see on a monthly basis, after breaking the strong resistance at $ 75, the next stop zone is around $ 110.

For medium-term traders, we are still in a place where you can buy inexpensive oil.

OPEC sees no need to increase production because the facts are that there is currently enough supply on the market to meet the demand.

Nowadays, the futures market, which is currently pumping prices higher, has a dominant influence on what the charts look like.

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  • #9,922
  • Edited 6:01am Oct 27, 2021 5:30am | Edited 6:01am
Quoting wodzu
{quote}
Nowadays, the futures market, ..., has a dominant influence on what the charts look like. {image}
No doubt, many would even argue the reciprocal. WTI Cash 84.08 as I post.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,923
  • Oct 27, 2021 11:03am Oct 27, 2021 11:03am
Crude is heading to 78
  • #9,924
  • Oct 27, 2021 2:35pm Oct 27, 2021 2:35pm
Quoting Kwame Freder
after hitting $85 we r getting a bearish daily candle. may get a bearish week.
Could go below $80 by the end of the week
  • #9,925
  • Edited 9:16pm Oct 28, 2021 9:05pm | Edited 9:16pm
Quoting Shantala
Crude is heading to 78
Quoting Kwame Freder
{quote} Could go below $80 by the end of the week
Not yet, 81.30 the recent low for now, and a nice triple bottom there. WTI Cash currently 83.30.

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"Don't Shoot Me I'm Only the Piano Player"
  • #9,926
  • Edited 9:47pm Oct 28, 2021 9:35pm | Edited 9:47pm
On a side note, A200 not too happy today, following an almost 250 point rise in the Dow overnight, an ominous sign.

EDIT: Eyes on the 7366 level.


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"Don't Shoot Me I'm Only the Piano Player"
  • #9,927
  • Oct 28, 2021 11:18pm Oct 28, 2021 11:18pm
Re A200 shorts, some off the table @ 7340. A200 trashed today.

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"Don't Shoot Me I'm Only the Piano Player"
  • #9,928
  • Oct 29, 2021 10:17am Oct 29, 2021 10:17am
still feels a bit bearish to me. probably won't get sub $80 today but next week i will be expecting more wti weakness
  • #9,929
  • Oct 31, 2021 1:24pm Oct 31, 2021 1:24pm
#BRENT / Weekly
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  • #9,930
  • Edited 4:08am Nov 2, 2021 3:56am | Edited 4:08am
WT pretty strong at the moment, no doubt. I'll go out on a limb and say 86.15 in this run up. Currently 84.58.

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EDIT: Oh, and well done VERRY ELLEEGANT in the Cup today : )
"Don't Shoot Me I'm Only the Piano Player"
  • #9,931
  • Nov 2, 2021 9:03am Nov 2, 2021 9:03am
OIL is due for a retrace before continuing up. 38.2 Fib should be a minimum retrace up to 50%.
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  • #9,932
  • Nov 2, 2021 2:45pm Nov 2, 2021 2:45pm
i'm short, expecting a sub $80 drop. if it breaks $84.50 i'm out.
  • #9,933
  • Nov 4, 2021 12:40am Nov 4, 2021 12:40am
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Hi guys , this is my View about WTI , i think after hitting 79.xx , its gonna back to 84/85$ , but if the price keep going below 79.00 next target is 74.xx
  • #9,934
  • Nov 4, 2021 3:32am Nov 4, 2021 3:32am
Quoting Kwame Freder
i'm short, expecting a sub $80 drop. if it breaks $84.50 i'm out.

Close, but no cigar as yet, all eyes on this market tonite.

BTW, you're seemingly a good person, Aus, mebbe just a little over sensitive to certain posters...lighten up 'bud', a little bit of light hearted humor, without malice, never hurt anyone. : )

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"Don't Shoot Me I'm Only the Piano Player"
  • #9,935
  • Nov 4, 2021 5:21am Nov 4, 2021 5:21am
Quoting yani38
{quote} Close, but no cigar as yet, all eyes on this market tonite. BTW, you're seemingly a good person, Aus, mebbe just a little over sensitive to certain posters...lighten up 'bud', a little bit of light hearted humor, without malice, never hurt anyone. : ) {image}
Hi Yani , long time no see , how are you ? hope ur trade going well
  • #9,936
  • Nov 4, 2021 1:29pm Nov 4, 2021 1:29pm
Crude below 79
  • #9,937
  • Nov 4, 2021 5:00pm Nov 4, 2021 5:00pm
I haven't traded for over a month because I was on a COVID diet (I haven't lost my sense of humor) that resulted in a loss of 13 pounds. I think that three weeks in hospital does that to anyone. The medical establishment states that vaccination protects people but it's not always the case and even fully vaccinated you can get very sick and I hope that nobody else ends up in my situation. The worst part is that I have cognitive symptoms resulting in memory loss and nobody knows how long it will last. I can say that my health is now between 50-60% of what it was before so I still need a lot of rest. I'm lucky that I didn't lose the ability to move or walk like some people did who need a lot of rehabilitation. I will no longer post daily trade charts but, instead, post my trades in a new thread starting sometimes next week.

WTI went down 78¢ today with an ATR more than double the 10-day average producing 10 winning trades and 4 break even trades. The partial chart below shows a trade generating 17 bricks (170 ticks) and this is quite rare.
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  • #9,938
  • Nov 4, 2021 8:41pm Nov 4, 2021 8:41pm
Quoting Hutch
I haven't traded for over a month because I was on a COVID diet (I haven't lost my sense of humor) that resulted in a loss of 13 pounds. I think that three weeks in hospital does that to anyone. The medical establishment states that vaccination protects people but it's not always the case and even fully vaccinated you can get very sick and I hope that nobody else ends up in my situation. The worst part is that I have cognitive symptoms resulting in memory loss and nobody knows how long it will last. I can say that my health is now between 50-60%...
wow sorry to hear. hope you make a full recovery. was wondering where u disappeared to.
  • #9,939
  • Nov 5, 2021 5:20am Nov 5, 2021 5:20am
Quoting ugank106
{quote} Hi Yani , long time no see , how are you ? hope ur trade going well
All good brother, I trust same with you.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,940
  • Nov 7, 2021 7:36pm Nov 7, 2021 7:36pm
Looking pretty strong at the moment.

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"Don't Shoot Me I'm Only the Piano Player"
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