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WTI Crude Oil Trading

  • #10,481
  • May 19, 2022 1:19pm May 19, 2022 1:19pm

current up move looks poised to make new highs. would be surprised if it happens this week, may stall out around or just below previous highs, which would be still 200 to 300+ pips away. Also thinking we could get over $120+ in June (obviously with some wild swings down on the way there). basing this all on the daily chart and geo politics.

  • #10,482
  • May 20, 2022 9:04am May 20, 2022 9:04am
bulls appear to be losing a bit of steam here (~ $110) may get a bit of a friday sell off
  • #10,483
  • May 20, 2022 11:01am May 20, 2022 11:01am
Quoting Kwame Freder
bulls appear to be losing a bit of steam here (~ $110) may get a bit of a friday sell off
Slow day, carried my long trade over, would be nice to close around $113, short after.

Demand will continue to grow, can't see any other way.
  • #10,484
  • May 21, 2022 12:52pm May 21, 2022 12:52pm
Energy sector will likely continue to experience investment inflows.

Interesting article:
Attached File(s)
File Type: pdf Energy-Musings-051722.pdf   1.0 MB | 300 downloads
  • #10,485
  • May 22, 2022 3:54am May 22, 2022 3:54am
waiting price above 115.82 to test 117.52 levels while critical 111.40 breaks before next tanking if ! that is continue bull now ..take care
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #10,486
  • Edited 9:12pm May 22, 2022 8:59pm | Edited 9:12pm
112.73 looking a bit scary atm resis at that level, went in anyway this morning long obviously trusting it will break above, reasonably tight stops back to 100/111, no doubt a bit of to and fro in the meantime around that 112/113 level. Target 113.60 then123/4.

Attached Image (click to enlarge)
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"Don't Shoot Me I'm Only the Piano Player"
  • #10,487
  • May 23, 2022 3:10am May 23, 2022 3:10am
Choppy.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,488
  • May 23, 2022 9:13am May 23, 2022 9:13am
current down move looks suspect. already bailed on my short. Looks like it will bounce shortly..... maybe a bit lower
  • #10,489
  • May 23, 2022 1:39pm May 23, 2022 1:39pm
Price is holding, bounced of 1H 100EMA.
Added long position since is paying me daily interest.

Attached Image (click to enlarge)
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  • #10,490
  • May 23, 2022 8:22pm May 23, 2022 8:22pm
Bit of a white knuckle ride but got there in the end re 113.50+, holding 112.00. Straight back dip again now, have to deal with the 110 support thing again. Slow and steady wins the race, most times : )

Attached Image (click to enlarge)
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"Don't Shoot Me I'm Only the Piano Player"
  • #10,491
  • May 24, 2022 9:44am May 24, 2022 9:44am
market currently has no clear direction. Still expecting a breakout north sometime this week.
  • #10,492
  • May 24, 2022 11:06am May 24, 2022 11:06am
Hi. Just checking in.

Be aware of this price manipulation:
U.S. DEPARTMENT OF ENERGY ANNOUNCES ADDITIONAL NOTICE OF SALE OF CRUDE OIL FROM STRATEGIC PETROLEUM RESERVE - STATEMENT
SALE IS FOR UP TO 40.1 MLN BARRELS OF CRUDE OIL FROM STRATEGIC PETROLEUM RESERVE - STATEMENT

Ping pong today S1 / R1.
H&S pointing $108.
Attached Image (click to enlarge)
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  • #10,493
  • May 24, 2022 11:09am May 24, 2022 11:09am
Quoting yani38
Bit of a white knuckle ride but got there in the end re 113.50+, holding 112.00. Straight back dip again now, have to deal with the 110 support thing again. Slow and steady wins the race, most times : ) {image}
Nice arrows!
  • #10,494
  • May 25, 2022 2:00am May 25, 2022 2:00am
Quoting Jolita
{quote} Nice arrows!
Thank you. ; )
"Don't Shoot Me I'm Only the Piano Player"
  • #10,495
  • May 25, 2022 8:38am May 25, 2022 8:38am
WTI is feckless. they are just bouncing this thing around zapping retail traders. the big money must be on holidays. Inventory numbers in a bit but id be surprised if we got more than a spike that has no follow through.
  • #10,496
  • May 26, 2022 8:41am May 26, 2022 8:41am
finally the break out. hopefully there is follow through.
  • #10,497
  • May 26, 2022 9:28am May 26, 2022 9:28am
Quoting Kwame Freder
finally the break out. hopefully there is follow through.
Nice + $5 would be nice.
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  • #10,498
  • May 26, 2022 10:04pm May 26, 2022 10:04pm
Quoting Kwame Freder
market currently has no clear direction. Still expecting a breakout north sometime this week.
Often the way, just when about to throw in the towel and sit, it'll go ahead and bolt on you. Anyway a good night for WTI, picked up a cpl more this morning, prepared to ride them for now, staring at 123/4. All good. : )

Attached Image (click to enlarge)
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"Don't Shoot Me I'm Only the Piano Player"
  • #10,499
  • May 26, 2022 10:14pm May 26, 2022 10:14pm
On a side note, AUDUSD charging like an angry Rhino atm, about time, very choppy but coming off a solid base. : )

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,500
  • May 27, 2022 4:01am May 27, 2022 4:01am
Holding at $113. Holding 3 long trades (green), sl in positive, have not decided on tp yet, will see if we attempt $115.50, but clear price is getting ready to break the roof.

Next llevels marked on Daily.
Good
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