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WTI Crude Oil Trading

  • #10,041
  • Feb 10, 2022 8:47am Feb 10, 2022 8:47am
nice shake out of bulls this morning. Still expecting WtI to return over $90
  • #10,042
  • Feb 11, 2022 4:18am Feb 11, 2022 4:18am
#WTI / H4
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  • #10,043
  • Feb 11, 2022 12:45pm Feb 11, 2022 12:45pm
WTI soaring on rumors Ukraine will be invaded by Russia next week. find the timing and leak highly suspicious.
  • #10,044
  • Feb 11, 2022 12:46pm Feb 11, 2022 12:46pm
hope no one is holding shorts going into the weekend. this could be a bloodbath
  • #10,045
  • Feb 11, 2022 1:01pm Feb 11, 2022 1:01pm
Quoting Kwame Freder
WTI soaring on rumors Ukraine will be invaded by Russia next week. find the timing and leak highly suspicious.

Very bad. Unlikely a rumour. UK nationals told to leave Ukraine (BBC)
  • #10,046
  • Feb 11, 2022 1:12pm Feb 11, 2022 1:12pm
Quoting Kwame Freder
hope no one is holding shorts going into the weekend. this could be a bloodbath

Unknown really, best not hold any.
War is surely bad for oil, possibly could drop too.
  • #10,047
  • Feb 11, 2022 7:34pm Feb 11, 2022 7:34pm
Quoting Jolita
{quote} Unknown really, best not hold any. War is surely bad for oil, possibly could drop too.
true!
i'll also be keeping an extra eye on any trades i place next week, just in case there's breaking news of "war "
  • #10,048
  • Feb 16, 2022 4:57am Feb 16, 2022 4:57am
Quoting powermatrix
I would like to know is there any relation between the EURUSD and the WTI rates ??
The U.S is the biggest consumer of oil as per the global distribution of oil consumption, the main trading partners are middle east countries and Canada, Canada has a correlation with us as Canada's 74% of oil export goes to the U.S.

if you were to ask if there is a relation between EURUSD and WTI oil yes there is if the pair is driven by the U.S and there was a rate hike to happen imports and exports from the U.S & Canada will be tightened us letting oil prices down.
  • #10,049
  • Feb 16, 2022 2:28pm Feb 16, 2022 2:28pm
wow now thats a nice late afternoon drop. I managed to catch a big chunk of it. looks like the market believes the threat of war is over.
  • #10,050
  • Feb 16, 2022 3:19pm Feb 16, 2022 3:19pm
Quoting Kwame Freder
wow now thats a nice late afternoon drop. I managed to catch a big chunk of it. looks like the market believes the threat of war is over.
Lots of red pips, 78 would be amazing
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  • #10,051
  • Feb 17, 2022 9:06am Feb 17, 2022 9:06am
WTI has been giving some large swings the last few hours, like 200+. the breakout either way may be epic.
  • #10,052
  • Feb 17, 2022 7:01pm Feb 17, 2022 7:01pm
Quoting Kwame Freder
WTI has been giving some large swings the last few hours, like 200+. the breakout either way may be epic.
The more the work, the longer the break theory, often true, but WTI spiked up to 97.00 odd, has come back a bit currently 91.56, no big drama. 'Precious' is finally back on the board, to the glee of the diehard followers, around 1,900, inflation inflation inflation the key there. Interesting tho, years ago Spot would have been thro the roof by now.

The Dow in a bear market, and futs falling fast as I type, around the 34 300 level. 32 000 on the cards there.

See you after the weekend.
"Don't Shoot Me I'm Only the Piano Player"
  • #10,053
  • Feb 18, 2022 8:38am Feb 18, 2022 8:38am
Going out on a limb here and saying it appears to have reached support ~ $87.50 area on my charts.
  • #10,054
  • Edited 3:32pm Feb 18, 2022 8:49am | Edited 3:32pm
Quoting Kwame Freder
Going out on a limb here and saying it appears to have reached support ~ $87.50 area on my charts.
Daily S2 hit and back up to S1.

Edit:
Price refused to reach S3, instead returned to R1.
Weekly closing lower it is a good sign.
  • #10,055
  • Feb 19, 2022 4:50am Feb 19, 2022 4:50am
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  • #10,056
  • Feb 19, 2022 12:22pm Feb 19, 2022 12:22pm
Week Day H4
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  • #10,057
  • Feb 20, 2022 6:06pm Feb 20, 2022 6:06pm
WTI found good support around that 89-00 level, once again, bounced back to 93.30 currently (futs), as I type Monday morning AEST.
"Don't Shoot Me I'm Only the Piano Player"
  • #10,058
  • Feb 20, 2022 7:23pm Feb 20, 2022 7:23pm
US30 futs and A200 on a big rally last 10 mins, Crude and Gold futs sharply lower. Must be some positive news out re the Russia/Ukraine situation, WTI cash futs 91.50, Precious One cash back under 1900 (no big surprise re the latter, in any case).
"Don't Shoot Me I'm Only the Piano Player"
  • #10,059
  • Feb 20, 2022 7:30pm Feb 20, 2022 7:30pm
Yeah there it is, "Biden-Putin summit 'agreed in principle' - urgent summit to secure ceasefire"


EDIT: Must find a more up to date news-feed.
"Don't Shoot Me I'm Only the Piano Player"
  • #10,060
  • Edited 11:04pm Feb 20, 2022 10:52pm | Edited 11:04pm
It looks positive, re the 11th hour Diplomacy thing (summit), the markets know.

US30 futs + 390, now +350., A200 (often a good early indicator) +100 points, WTI Crude futs -2.45, Cash Gold back to 1892 from 1906 earlier today. AUDvsUSD has risen accordingly, suspect same with Euro.

Markets are fickle, yet money gets the early jump, a very positive sign re some type of a diplomatic resolution to the crisis. No one could complain about that, hope Russia isn't toying with the West, yet again?

EDIT: Heavy resis Dow @ 34,345 - 34,355
"Don't Shoot Me I'm Only the Piano Player"
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