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WTI Crude Oil Trading

  • #9,981
  • Dec 8, 2021 6:58am Dec 8, 2021 6:58am
Quoting Kwame Freder
decent resistance holding so far and wild swings. i remain bullish..... would like to see $76
Yes, positive Pfizer vaccine news headlines about an hour ago set the markets off again, very sensitive at the moment, but all good.

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"Don't Shoot Me I'm Only the Piano Player"
  • #9,982
  • Dec 9, 2021 3:35am Dec 9, 2021 3:35am
#WTI / H4
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  • #9,983
  • Dec 9, 2021 5:33am Dec 9, 2021 5:33am
Oil is headed back to $50, and I'm trading it. Just starting to build my position.
  • #9,984
  • Dec 9, 2021 5:34am Dec 9, 2021 5:34am
Quoting Ayax.TSS
#WTI / H4{image}
Good looking wave.
  • #9,985
  • Dec 9, 2021 2:54pm Dec 9, 2021 2:54pm
I'm 4 contracts short on the crude mini contract. Still building. Will post my analysis this weekend.
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  • #9,986
  • Edited 9:28pm Dec 9, 2021 8:33pm | Edited 9:28pm
Quoting Goat
Oil is headed back to $50, and I'm trading it. Just starting to build my position.
You could be right, tho I would doubt it. What is your stop out? WTI 71.25 as I type, with 71.70 and 72.45 as short term resis, longer term support 68.60, as I see it.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,987
  • Dec 9, 2021 9:34pm Dec 9, 2021 9:34pm
Quoting yani38
{quote} You could be right, tho I would doubt it. What is your stop out? WTI 71.25 as I type, with 71.70 and 72.45 as short term resis, longer term support 68.60, as I see it.
I won't know my stop until I know my entry price, but I'm aiming for about $80. That'd give me a $10 loss or a $20 win.
  • #9,988
  • Dec 9, 2021 9:46pm Dec 9, 2021 9:46pm
Fair enough, and good luck., bearing in mind if you were to be stopped your next trade would need to be at least $10 in profit, just to break even.
"Don't Shoot Me I'm Only the Piano Player"
  • #9,989
  • Dec 10, 2021 2:00am Dec 10, 2021 2:00am
Quoting yani38
if you were to be stopped your next trade would need to be at least $10 in profit, just to break even.
-10 + 10 = 0

Got it.
  • #9,990
  • Dec 10, 2021 3:07am Dec 10, 2021 3:07am
Quoting Goat
{quote} -10 + 10 = 0 Got it.
Goat, I admire your civilised reply to Yani38.
  • #9,991
  • Dec 10, 2021 7:28am Dec 10, 2021 7:28am
Quoting Goat
Oil is headed back to $50, and I'm trading it. Just starting to build my position.
something akin to a "new pandemic" would have to occur to get oil down to $50. is there anything ur seeing on the horizon to make this occur?
  • #9,992
  • Dec 10, 2021 10:40am Dec 10, 2021 10:40am
Quoting Ayax.TSS
#WTI / H4{image}

Very accurate set up. Good work!
  • #9,993
  • Dec 10, 2021 11:30am Dec 10, 2021 11:30am
Quoting Jolita
{quote} Very accurate set up. Good work!
  • #9,994
  • Dec 16, 2021 11:07pm Dec 16, 2021 11:07pm
I got hit with a margin violation and IB closed my crude position. I'll have to jump back in when I exit the positions sucking up my margin.

Looks like we might touch $74 which'll make a better entrance anyway. I need to get around to posting my (fundamental) analysis, will do soon.
  • #9,995
  • Dec 16, 2021 11:17pm Dec 16, 2021 11:17pm
It wasn't margin actually, I was holding contracts too close to expiration. Fuckin noobs.
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  • #9,996
  • Dec 20, 2021 7:14am Dec 20, 2021 7:14am
interesting start to the week. a nice fall at the open then a big rebound followed by another drop. would be funny if the market was dead the rest of the week
  • #9,997
  • Dec 22, 2021 2:11pm Dec 22, 2021 2:11pm
approaching area of resistance around ~$73 on my charts. could $80 be on the table again before the year ends??
  • #9,998
  • Dec 24, 2021 1:29am Dec 24, 2021 1:29am
Quoting Kwame Freder
approaching area of resistance around ~$73 on my charts. could $80 be on the table again before the year ends??
Yes closed at 74.50 prior the long weekend, I would say little doubt re 80.00 and beyond.

Have a great holiday week, been a fantastic year for those who held longs : )
"Don't Shoot Me I'm Only the Piano Player"
  • #9,999
  • Dec 28, 2021 12:26pm Dec 28, 2021 12:26pm
Quoting Kwame Freder
approaching area of resistance around ~$73 on my charts. could $80 be on the table again before the year ends??
it got pretty close to $77 on my charts earlier this morning. may not get over $80 by years end but seems heel bent on ending the year "Bullish"
  • #10,000
  • Dec 28, 2021 12:42pm Dec 28, 2021 12:42pm
Quoting Ayax.TSS
{quote}
Spot on, 99% accuracy, wow!
Changing trade direction to sell.
Thanks!
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