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WTI Crude Oil Trading

  • #9,961
  • Nov 23, 2021 2:32pm Nov 23, 2021 2:32pm
after the Biden admin declared they were releasing from their oil reserves the market rose in somewhat defiance.A possible pull back to go lower?? inventory data may be the catalyst for the next big move
  • #9,962
  • Nov 24, 2021 12:28am Nov 24, 2021 12:28am
Quoting Kwame Freder
after the Biden admin declared they were releasing from their oil reserves the market rose in somewhat defiance.A possible pull back to go lower?? inventory data may be the catalyst for the next big move
True, tho certainly not complaining atm : )

Attached Image (click to enlarge)
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"Don't Shoot Me I'm Only the Piano Player"
  • #9,963
  • Nov 24, 2021 7:13am Nov 24, 2021 7:13am
Quoting eurolinux
{quote} Hi Hutch I'm looking for such an EA I noticed that sometimes I need to change brick size, NG and CL get choppy sometimes
If you are using STG Renko indicators; STG_RenkoChart on the M1 chart and STG_RenkoChart_Remote on the chart produced by the STG_RenkoChart changing the brick size on the STG_RenkoChart_Remote will automatically change the brick size on the STG_RenkoChart. That way you can test many brick sizes with ease.
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File Type: ex4 STG_RenkoChart.ex4   143 KB | 553 downloads
File Type: ex4 STG_RenkoChart_Remote.ex4   117 KB | 541 downloads
  • #9,964
  • Nov 26, 2021 9:15am Nov 26, 2021 9:15am
Huge selloff in crude futures today. It looks like OPEC was correct in their cautious strategy towards increasing production. Still falling into the US session.

CL CME on the daily:
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More heavy selling at the start of the US equity open. Hourly:
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,965
  • Nov 26, 2021 9:24am Nov 26, 2021 9:24am
suspect bulls will return if it goes sub $70. looking out for a big bounce.
  • #9,966
  • Nov 26, 2021 11:08am Nov 26, 2021 11:08am
Quoting Fadhl
{quote} OIL has played out as anticipated and expected. $73 and $70 may be next after a revisit of $80. {image}
OIL went below my forecasted level with "Covid new variant". A close above 70 is a nice rejection. I still think OIL is going up to 95. All will depend on the veracity and ferocity of this new variant.
Attached Image (click to enlarge)
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  • #9,967
  • Nov 26, 2021 1:25pm Nov 26, 2021 1:25pm
Quoting Fadhl
{quote} OIL went below my forecasted level with "Covid new variant". A close above 70 is a nice rejection. I still think OIL is going up to 95. All will depend on the veracity and ferocity of this new variant.{image}
Very solid bearish close. 65 and 61 may be next. Keep an eye on the covid news. Good weekend!
  • #9,968
  • Nov 26, 2021 1:49pm Nov 26, 2021 1:49pm
i've been bearish on oil a few weeks now but in my opinion the selloff was a big over reaction to the variant news. be careful and don't get caught if bulls send this thing surging up next week
  • #9,969
  • Dec 2, 2021 9:18am Dec 2, 2021 9:18am
nice bounce off of ~ $62.30 lets see how far up it goes
  • #9,970
  • Dec 2, 2021 12:08pm Dec 2, 2021 12:08pm
Quoting Fadhl
{quote} Very solid bearish close. 65 and 61 may be next. Keep an eye on the covid news. Good weekend!
With the Covid new variant starting fading out, I think OIL will consolidate for few days around $61-65 before resuming its long direction. Will wait until a valid trigger to long.
  • #9,971
  • Dec 2, 2021 11:10pm Dec 2, 2021 11:10pm
Quoting Kwame Freder
nice bounce off of ~ $62.30 lets see how far up it goes

Nice bounce for sure, resis around the 68.60/65 level, wait and see I guess.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,972
  • Dec 3, 2021 6:56am Dec 3, 2021 6:56am
#WTI / H4
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  • #9,973
  • Dec 6, 2021 3:36pm Dec 6, 2021 3:36pm
bullish start to the week. perhaps the variant fears are waning and the over reaction is over
  • #9,974
  • Edited 3:46am Dec 8, 2021 1:31am | Edited 3:46am
#WTI / Daily
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  • #9,975
  • Dec 8, 2021 3:05am Dec 8, 2021 3:05am
Quoting Kwame Freder
bullish start to the week. perhaps the variant fears are waning and the over reaction is over
Yes, markets are very strong atm, Dow futs hovering around 35720/35840, a big rebound past few sessions, same WTI, below 66.00 near close Friday, straight back up to above 73.00 earlier today. The precious one (SPOT GLD), little change, yawn. V shape recovery, or temp rebound, difficult to call, been taking some short term trades, all good for now.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,976
  • Dec 8, 2021 3:07am Dec 8, 2021 3:07am
Quoting Ayax.TSS
#WTI / H4{image}
Thanks for your chart.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,977
  • Dec 8, 2021 3:25am Dec 8, 2021 3:25am
Attached Image (click to enlarge)
Click to Enlarge Name: WTI.png Size: 54 KB
"Don't Shoot Me I'm Only the Piano Player"
  • #9,978
  • Dec 8, 2021 3:47am Dec 8, 2021 3:47am
Quoting yani38
{quote} Thanks for your chart.
  • #9,979
  • Dec 8, 2021 4:40am Dec 8, 2021 4:40am
Attached Image (click to enlarge)
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"Don't Shoot Me I'm Only the Piano Player"
  • #9,980
  • Dec 8, 2021 6:50am Dec 8, 2021 6:50am
decent resistance holding so far and wild swings. i remain bullish..... would like to see $76
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