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WTI Crude Oil Trading

  • #10,301
  • Apr 4, 2022 1:31am Apr 4, 2022 1:31am
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"Don't Shoot Me I'm Only the Piano Player"
  • #10,302
  • Apr 4, 2022 11:14am Apr 4, 2022 11:14am
WTI direction indecisive. Could go either way from here.
I prefer lower low. Economy slowing down, causes lower demand.

On the other side we have unfilled gap.

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AU is sitting on previous HH 7556.
I think tried very hard to reach this top and might break out eventually.
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Work finished, home time, till later.
  • #10,303
  • Apr 4, 2022 2:44pm Apr 4, 2022 2:44pm
Yes, lower lows. 95 this week after inventories Wednesday?
Be humble or be humbled.
  • #10,304
  • Apr 4, 2022 8:13pm Apr 4, 2022 8:13pm
Quoting Jolita
AU is sitting on previous HH 7556. I think tried very hard to reach this top and might break out eventually. {image} Work finished, home time, till later.
Yes had a big run up yesterday, most of which in anticipation of rising commodity prices overnight, taking a well earned breather today. You were quite right re that 0.7550 danger zone. Sticking with this, 0.80+ on the way.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,305
  • Apr 4, 2022 8:15pm Apr 4, 2022 8:15pm
Quoting Temujin
Yes, lower lows. 95 this week after inventories Wednesday?
I never underestimate this one.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,306
  • Apr 4, 2022 8:38pm Apr 4, 2022 8:38pm
Random Live chart, A200 (XJO), seeing as we had mentioned AUDUSD.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,307
  • Apr 5, 2022 3:14am Apr 5, 2022 3:14am
Quoting yani38
{quote} Yes had a big run up yesterday, most of which in anticipation of rising commodity prices overnight, taking a well earned breather today. You were quite right re that 0.7550 danger zone. Sticking with this, 0.80+ on the way. {image}
Nice trade, I entered trade overnight, tp hit at 76.05, got out +65pip.
Follow the plan, work the plan.
  • #10,308
  • Apr 5, 2022 3:16am Apr 5, 2022 3:16am
Quoting yani38
{quote} I never underestimate this one. {image}
*Keep in mind Iran deal still on the table.
  • #10,309
  • Apr 5, 2022 3:50am Apr 5, 2022 3:50am
Quoting Jolita
{quote} Nice trade, I entered trade overnight, tp hit at 76.05, got out +65pip. Follow the plan, work the plan.
Well done Jolita, and you're right : )

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,310
  • Apr 5, 2022 4:13am Apr 5, 2022 4:13am
The fire was set under the AUDUSD, was justa matter of lighting it.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,311
  • Apr 5, 2022 8:56am Apr 5, 2022 8:56am
stalled out will attempt a short from here
  • #10,312
  • Apr 5, 2022 9:12am Apr 5, 2022 9:12am
Quoting Kwame Freder
stalled out will attempt a short from here
bailed on my short
  • #10,313
  • Apr 5, 2022 10:31am Apr 5, 2022 10:31am
Grabbed USD/CAD because I was too scared to short oil this at $104 when the high was $126.
This market is ready to get slammed and oil is a target. Latest Fed news: Stronger action needed and accommodation must be removed. Going to get fun.
Be humble or be humbled.
  • #10,314
  • Apr 5, 2022 11:01am Apr 5, 2022 11:01am
Quoting Temujin
Grabbed USD/CAD because I was too scared to short oil this at $104 when the high was $126. This market is ready to get slammed and oil is a target. Latest Fed news: Stronger action needed and accommodation must be removed. Going to get fun.
I haven't touched my shorts yet, still in trade.
But cought a few swings on Gold. Sometimes is easier to set trades.
For Oil never risk more, reduce your lot size.

Will check market news later.
  • #10,315
  • Apr 5, 2022 11:16am Apr 5, 2022 11:16am
Anyone here watching UsdHkd?
Price is capped, upper cap is controlled same way as Swiss franc. Interesting wheather 785 will hold this time. Check it out.
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  • #10,316
  • Apr 5, 2022 5:24pm Apr 5, 2022 5:24pm
Sharing:
API Inventory Moves
Crude +1.080 million (exp. -1.558 million)
Gasoline -543,000
Distillates +593,000
Cushing +1.791 million
  • #10,317
  • Apr 5, 2022 5:56pm Apr 5, 2022 5:56pm
got back in short but should have held longer i guess. feels kinda like a pullback like an elastic band being stretched which is why i'm anticipating another run up and not very confident being short..
  • #10,318
  • Apr 6, 2022 9:24am Apr 6, 2022 9:24am
Quoting Jolita
Sharing: API Inventory Moves Crude +1.080 million (exp. -1.558 million) Gasoline -543,000 Distillates +593,000 Cushing +1.791 million
Wow, another segment downward for sure to that $95 zone. SPR release and Shanghai lockdown is taking effect already.
Be humble or be humbled.
  • #10,319
  • Apr 6, 2022 3:44pm Apr 6, 2022 3:44pm
Quoting Temujin
{quote} Wow, another segment downward for sure to that $95 zone. SPR release and Shanghai lockdown is taking effect already.

Nice drop. I am after $93 area, maybe by morning?
  • #10,320
  • Apr 6, 2022 4:01pm Apr 6, 2022 4:01pm
93 / 81.50 lower low can be seen
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