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WTI Crude Oil Trading

  • #10,081
  • Mar 2, 2022 2:40am Mar 2, 2022 2:40am
Crazy prices!
Attached Image


Quoting Goat
I feel like Russia will send WTI to $100 but I'm not certain enough to trade it.
My hesitation came from thinking Ukraine was priced in already. Noted.
  • #10,082
  • Mar 2, 2022 4:47am Mar 2, 2022 4:47am
Quoting Goat
Crazy prices! {image} {quote} My hesitation came from thinking Ukraine was priced in already. Noted.
Don't see the 108 but ntw.

Think the shock of the Russian invasion wearing off a bit, but who knows re Russia I guess.

WTI Cash currently 109.10, Precious 1923.
"Don't Shoot Me I'm Only the Piano Player"
  • #10,083
  • Mar 2, 2022 6:56pm Mar 2, 2022 6:56pm
Quoting yani38
{quote} Don't see the 108 but ntw. Think the shock of the Russian invasion wearing off a bit, but who knows re Russia I guess. WTI Cash currently 109.10, Precious 1923.
A bad choice of words re "Think the shock of the Russian invasion wearing off a bit": To qualify I should have said "as far as the markets are concerned, for now".
"Don't Shoot Me I'm Only the Piano Player"
  • #10,084
  • Mar 2, 2022 10:32pm Mar 2, 2022 10:32pm
AND NOW ???
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WEEKLY CRUDE OIL.jpg Size: 123 KB
Click to Enlarge Name: DAILY CRUDE OIL.jpg Size: 136 KB
  • #10,085
  • Mar 2, 2022 10:45pm Mar 2, 2022 10:45pm
Sell.
  • #10,086
  • Mar 2, 2022 11:10pm Mar 2, 2022 11:10pm
Quoting Savager
Sell.
Why? Trying to catch a falling knife vs trying to catch a bird released? Turn the chart upside down, same thing, I guess.

Attached Image (click to enlarge)
Click to Enlarge Name: wto.png Size: 29 KB
"Don't Shoot Me I'm Only the Piano Player"
  • #10,087
  • Mar 3, 2022 3:58am Mar 3, 2022 3:58am
Quoting yani38
{quote} Why? Trying to catch a falling knife vs trying to catch a bird released? Turn the chart upside down, same thing, I guess. {image}
Hallo Yani, 114.50 major resistance on multi time frames espescially longer time frames. Maybe it will take a short term breather or it could prove a more sustainable resistance. Geo politics volatile at the moment so take care in any case whatever you do.
  • #10,088
  • Mar 3, 2022 7:02am Mar 3, 2022 7:02am
spreads are wide, swings are wild. careful trading this you could get burnt badly.
  • #10,089
  • Edited 8:25am Mar 3, 2022 8:12am | Edited 8:25am
Quoting Kwame Freder
spreads are wide, swings are wild. careful trading this you could get burnt badly.
wow we just had a 800 pips 1 hour candle.
  • #10,090
  • Mar 3, 2022 9:17am Mar 3, 2022 9:17am
so where do i even start to learn on crude oil trading??can anyone help, I only been trading on currencies so far..
  • #10,091
  • Mar 3, 2022 6:56pm Mar 3, 2022 6:56pm
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Click to Enlarge Name: wto3.png Size: 71 KB
"Don't Shoot Me I'm Only the Piano Player"
  • #10,092
  • Mar 3, 2022 7:07pm Mar 3, 2022 7:07pm
Quoting benbagu
so where do i even start to learn on crude oil trading??can anyone help, I only been trading on currencies so far..
Which currencies, and how are you going with that?
"Don't Shoot Me I'm Only the Piano Player"
  • #10,093
  • Mar 3, 2022 8:00pm Mar 3, 2022 8:00pm
Quoting benbagu
so where do i even start to learn on crude oil trading??can anyone help, I only been trading on currencies so far..
Bit late to post now, an after the event post, but anyway picked up some of these @ around the support line .7300, out @ .7320, still running but I'm OK with that. : )

Attached Image (click to enlarge)
Click to Enlarge Name: AUDusd.png Size: 42 KB


EDIT: Spell check
"Don't Shoot Me I'm Only the Piano Player"
  • #10,094
  • Mar 3, 2022 9:50pm Mar 3, 2022 9:50pm
Daily
Attached Image (click to enlarge)
Click to Enlarge Name: DAILY CRUDE OIL.jpg Size: 136 KB
  • #10,095
  • Edited 1:46am Mar 4, 2022 1:32am | Edited 1:46am
Quoting salesse
Daily {image}
Nice chart, where do you see it going from here?

Attached Image (click to enlarge)
Click to Enlarge Name: wt1.png Size: 50 KB
"Don't Shoot Me I'm Only the Piano Player"
  • #10,096
  • Mar 4, 2022 11:40am Mar 4, 2022 11:40am
1H. Wait for the yellow square to break.

TF 5mn
Attached Image(s) (click to enlarge)
Click to Enlarge Name: crudeoil 1H.jpg Size: 184 KB
Click to Enlarge Name: TF5 mn CRUDE OIL.jpg Size: 148 KB
  • #10,097
  • Mar 4, 2022 12:09pm Mar 4, 2022 12:09pm
Price will continue rising-
Huge demand due to continues war with Russia, sanctions applied and further sanctions possible.
Gas / oil shortage is a huge risk for Europe as Germany and Italy rely on energy supply from Russia
Oil contracts are increasing
Germany are pressured to close gas deals with Russia, if they do then oil can even double in price
  • #10,098
  • Mar 4, 2022 2:00pm Mar 4, 2022 2:00pm
if the Biden admin announces they will stop buying Russian oil, hello $120 WTI.
  • #10,099
  • Mar 4, 2022 2:23pm Mar 4, 2022 2:23pm
Quoting Kwame Freder
if the Biden admin announces they will stop buying Russian oil, hello $120 WTI.
White House already considering a ban.

Twitter accs to follow:
OilPrice.com @OilandEnergy
Samuel Ramani @SamRamani2 for excellent latest tweets on Russia/Ukraine/Markets etc
  • #10,100
  • Mar 4, 2022 4:47pm Mar 4, 2022 4:47pm
Quoting salesse
1H. Wait for the yellow square to break. TF 5mn {image} {image}
Posted in the nick of time, almost. ; )

Anyway, certainly been a positive week on the long side.

Attached Image (click to enlarge)
Click to Enlarge Name: wtz1.png Size: 30 KB
"Don't Shoot Me I'm Only the Piano Player"
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