WTI Crude Oil Trading

Quoting Jolita

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Long to short ratio change on net-lenght positions - 1.35 : 1. Slightly more buying contracts. Sharing: Money managers increased their net-length in WTI crude oil futures and options by 1,748 contracts to 254,869 in the week ending April 12 Long-only positions rose by 6,711 Short-only positions rose by 4,963 other reportables net-length fell by 7,897 Happy Easter

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Quoting Temujin

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{quote} Thanks, Been gathering a consensus of analyst's opinions and looking at the chart. $108 plus then down after Wednesday inventories?

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Quoting Jolita

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50%/50% chance {image}

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Quoting Temujin

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Yeah, traders are starting to exit. They know what is coming next, weeks of inventory build-ups Think $86 in the coming weeks. Descending triangle pattern.

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Quoting Jolita

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50%/50% chance {image}

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Quoting Jolita

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{quote} H & S violated : ( Double top or 110?{image}

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Quoting Temujin

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{quote} Wednesday Morning I speculate a BIG plummet is coming. S H O R T S E L L E R

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Quoting Jolita

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EU Embergo in process. At the moment as soon prices fall, something is happening eighter drone attack or Libya closing teminals. Wondering about the reaction when EU will finally anounce opting out from Russian oil. Interesting... https://www.reuters.com/world/an-eu-...er-2022-04-19/ Team work: BREAKING: Denmark plans to temporarily increase North Sea gas production to reduce its reliance on Russian gas

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Quoting Temujin

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{quote} The Morgan Stanley memo is scary. $185 oil will kill the stock market and economy overnight. What are these people thinking? https://www.energyexch.com/news/1151...-185-oil-if-eu Prices will surely be supported with this looming overhead.

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Quoting Jolita

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{quote} It will. This might be for Brent Oil, prices are higher. WTI daily {image} Tesla earnings tomorrow. Daily{image}

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Quoting Temujin

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{quote} A HUGE 4 million plus barrel draw down but the IMF just cut global growth for 2022 and 2023 and that means oil demand also. Buy dips? Sell rips? The whole stock market with commodities is ready to CRASH. Lower, slower Global growth, record inflation, high energy and food costs for consumers, Worrisome earnings as the reports come in and the Fed which is attempting a controlled crash of assets to curb inflation. That 50 BPS rate hike is looming next month. Something is going to break any day now.

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Quoting Jolita

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{quote} Thanks. I would love to price to reach $90. Not a signal, but level guidance from FxStreet article just posted on FF. Nice choices laid. Buy @100 Tp1 ~104 Tp2 ~109 Sell @ 98 Tp1 ~92.50 Tp2 ~90.00 Allow spread circa 40. Both ways safe entry between 102-100. Trade at low risk, volatility is crazy. Also look at todays candle on daily chart, 700 pips drop! Too much selling power today. I can't see any buying, be careful. Natural Gas no longer over bought. Article - https://www.fxstreet.com/news/wti-pr...n=fxstreetnews...

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