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WTI Crude Oil Trading

  • #10,021
  • Jan 26, 2022 6:49am Jan 26, 2022 6:49am
we are at the highs again and there appears to be resistance, tempted to take a short but will just observe what happens here
  • #10,022
  • Jan 26, 2022 8:39am Jan 26, 2022 8:39am
Quoting yani38
{quote} Yeah $90.00 would be a happy thing. Anyway yeah, we got to close to $88.00, a few days ago. Totally all good. I note "The Precious One", the be all and end all, and its pundits have been riding the $1800 level like joy riders for what seems like an eternity, in market terms. LOL. Bring on $92.00 re WTI Cash, still long : )

I agree with $92.00, but maybe not quit yet, we are close to a big fall.
Monday's stock drop worked well to pause Oil rising. This fight between Powel and Putin is ongoing.
Lets wat and see this successful exercise can repeat its self.
  • #10,023
  • Jan 26, 2022 12:30pm Jan 26, 2022 12:30pm
Quoting Jolita
{quote} I agree with $92.00, but maybe not quit yet, we are close to a big fall. Monday's stock drop worked well to pause Oil rising. This fight between Powel and Putin is ongoing. Lets wat and see this successful exercise can repeat its self.

Someone is following my orders
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  • #10,024
  • Jan 27, 2022 2:21am Jan 27, 2022 2:21am
Good too see concerns re rising Crude Oil prices hitting the news-wire past 12 hours, a hint of panic sets in, better late than never. Remain bullish.
Spot Gold 1800, give or take.
"Don't Shoot Me I'm Only the Piano Player"
  • #10,025
  • Jan 27, 2022 2:47am Jan 27, 2022 2:47am
Quoting Jolita
{quote} Someone is following my orders {image}
87.00 looked like intermediate support, holding up so far, see how we go tonight.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,026
  • Jan 27, 2022 3:06pm Jan 27, 2022 3:06pm
all attempts to break lower have been stopped so far, support has been solid. looks like we will be seeing > $90 soon
  • #10,027
  • Jan 28, 2022 6:19am Jan 28, 2022 6:19am
hard rejection from $88 (on my chart). looks like thats it for bulls this week.
  • #10,028
  • Jan 28, 2022 7:55am Jan 28, 2022 7:55am
Today we can stop at yesterday low (86.5-86.2), but next week will be very very bearish. Green pips for all!
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  • #10,029
  • Jan 31, 2022 8:19am Jan 31, 2022 8:19am
that support keeps holding. i think we are in an accumulation phase for the next push north which will more than likely take us above $90. Everytime we hit that support there is massive buying.
  • #10,030
  • Feb 2, 2022 8:30pm Feb 2, 2022 8:30pm
I feel like Russia will send WTI to $100 but I'm not certain enough to trade it.
  • #10,031
  • Feb 3, 2022 7:07am Feb 3, 2022 7:07am
Quoting Goat
I feel like Russia will send WTI to $100 but I'm not certain enough to trade it.

We had some good news yesterday - Novak: Russia To Resume Oil Output To 90% Of Pre-pandemic Level

Novak: Russia To Resume Oil Output To 90% Of Pre-pandemic Level | OilPrice.com

Retracing today, holding a drop? I think we should have more sellers then buyers at this high.
Rising even higher is not out of question yet.
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  • #10,032
  • Feb 3, 2022 8:18am Feb 3, 2022 8:18am
best to just trade the range for now. i've been buying the lows. range may continue into next week.
  • #10,033
  • Feb 3, 2022 4:40pm Feb 3, 2022 4:40pm
Quoting Jolita
{quote} I agree with $92.00, but maybe not quit yet, we are close to a big fall. Monday's stock drop worked well to pause Oil rising. This fight between Powel and Putin is ongoing. Lets wat and see this successful exercise can repeat its self.
Almost, looking pretty good today, WTI Cash currently 90.70, don't wish to give it the kiss of death atm. 87.00 held up well as support recently.
"Don't Shoot Me I'm Only the Piano Player"
  • #10,034
  • Feb 4, 2022 4:55am Feb 4, 2022 4:55am
So much power in oil, unstoppable, higher high, a bit more and would think will retrace to 85.
Lets follow dollar movement for a clue.
  • #10,035
  • Feb 4, 2022 4:56am Feb 4, 2022 4:56am
Quoting Kwame Freder
best to just trade the range for now. i've been buying the lows. range may continue into next week.
Safest option for now.
  • #10,036
  • Feb 4, 2022 7:17am Feb 4, 2022 7:17am
these bulls are formidable. wouldn't be surprised if this cracks $100 next week. anyone thinking of selling be careful
  • #10,037
  • Feb 7, 2022 5:36pm Feb 7, 2022 5:36pm
Consider the seasonality of crude. Here's the last 5 years.
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  • #10,038
  • Feb 7, 2022 5:38pm Feb 7, 2022 5:38pm
Here's the last 20years
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  • #10,039
  • Feb 9, 2022 10:23am Feb 9, 2022 10:23am
WTI seems to have found some support. doesn't look like its ready to rally or go lower yet. i would expect it to go higher after this sideways accumulation is over
  • #10,040
  • Feb 9, 2022 1:01pm Feb 9, 2022 1:01pm
Quoting Kwame Freder
WTI seems to have found some support. doesn't look like its ready to rally or go lower yet. i would expect it to go higher after this sideways accumulation is over
As predicted WTI retraced from $92 price level.
Slight bounce off support line, should not be to difficult to take it out.

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