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WTI Crude Oil Trading

  • #10,501
  • May 27, 2022 10:19am May 27, 2022 10:19am
Quoting Jolita
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 {image}
might not break through today. looks like resistance is holding it to a sideways pattern. expecting more highs next week.
  • #10,502
  • Edited 5:32pm May 30, 2022 5:17pm | Edited 5:32pm
Quoting Jolita
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 {image}
Closed my 3 long trades at $116.00 : )

Going short now, 2 short trades opened at $116.06/7.

Price has reached top as of w/c 21st Mar. I think we should have a swing lower as new oil sanctions were implemented tonight.
  • #10,503
  • May 31, 2022 3:27am May 31, 2022 3:27am
Endless rising. I am ok, was clear bull trend is strong, showa on chart. Took a risk swapping sides.
Gas oil prices rising, busy travel season starting. Embargo will increase demand. Interesting to see how EU markets will react.
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  • #10,504
  • May 31, 2022 3:29am May 31, 2022 3:29am
Quoting Kwame Freder
{quote} might not break through today. looks like resistance is holding it to a sideways pattern. expecting more highs next week.
Kwame, are you in?
  • #10,505
  • May 31, 2022 5:55am May 31, 2022 5:55am
Quoting Jolita
{quote} Kwame, are you in?
i came out last night anticipating a pullback. its very bullish though so who knows.
  • #10,506
  • May 31, 2022 6:07am May 31, 2022 6:07am
Does anyone have a gap on Brent?
  • #10,507
  • Edited 12:36pm May 31, 2022 6:22am | Edited 12:36pm
Quoting Kwame Freder
{quote} i came out last night anticipating a pullback. its very bullish though so who knows.
Thanks Kwame. This was hurting economy, profiting producers.
We need a pause before further rise. Daily is reversing nicely. I think top was done for today. NY might still retest.
I will go with ~$111.00, daily Bollinger B + Emas
  • #10,508
  • May 31, 2022 6:31am May 31, 2022 6:31am
Quoting shnackattack
Does anyone have a gap on Brent?
Maybe look in Brent Thread.
Most trade WTI/Crude!/CL, and not aware on any bigger gaps.

Check on bilal1947 profile, he has kindly shared gap indicator with me. Let me know if you cant find it, I will dig out.
  • #10,509
  • May 31, 2022 9:35am May 31, 2022 9:35am
we've been getting a bunch of fake moves this morning, a nice spike up followed immediately by 200 pips down. WTI is very bullish i believe it will go north again after it settles.
  • #10,510
  • Edited 1:01pm May 31, 2022 12:42pm | Edited 1:01pm
Quoting Kwame Freder
we've been getting a bunch of fake moves this morning, a nice spike up followed immediately by 200 pips down. WTI is very bullish i believe it will go north again after it settles.
US refusing payments from Russia.
EU banning oil imports.
Prices doubled to fill full car tank.
Some new contracts been hidden and we don't know yet?
Surely new plan was made to reduce the cost of oil. If not this thing will go to 250 in no time.
  • #10,511
  • May 31, 2022 1:00pm May 31, 2022 1:00pm
As we speak, here we go -
OPEC members considering exempting Russia from oil production deal.
  • #10,512
  • May 31, 2022 2:36pm May 31, 2022 2:36pm
that opec news just put a spoke in the bulls wheel. however i still think it will go back up. One 15 min bearish candle with no follow through is always a red flag for me
  • #10,513
  • Jun 1, 2022 8:34am Jun 1, 2022 8:34am
bulls are relentless
  • #10,514
  • Jun 1, 2022 10:08am Jun 1, 2022 10:08am
Strong resistance at $116.
Waiting time. I believe price should be pushed lower by force.
My tp at $111, thinking to move to $100 (average price just under).

Lots of flights been cancelled for many reasons in the UK this week.
Rocketing fuel cost taking its toll.

World depends on this gold.
  • #10,515
  • Jun 1, 2022 5:27pm Jun 1, 2022 5:27pm
Quoting Jolita
Strong resistance at $116. Waiting time. I believe price should be pushed lower by force. My tp at $111, thinking to move to $100 (average price just under). Lots of flights been cancelled for many reasons in the UK this week. Rocketing fuel cost taking its toll. World depends on this gold.
I hope so for everyone's sake. Jamie Dimon today; $150 to $175 a possibility this summer? I wonder how much of this is a self fulfilling prophecy as banks crowd into the energy space. Even $130 will start crashing the entire stock market and the economy.
Be humble or be humbled.
  • #10,516
  • Edited Jun 2, 2022 1:57am Jun 1, 2022 6:09pm | Edited Jun 2, 2022 1:57am
Quoting Temujin
{quote} I hope so for everyone's sake. Jamie Dimon today; $150 to $175 a possibility this summer? I wonder how much of this is a self fulfilling prophecy as banks crowd into the energy space. Even $130 will start crashing the entire stock market and the economy.

Hey! You been missed here

Media and money managers trying to push the price higher to profit, producers aren't bothered at all, oil way overpriced, bubble will burst and fast. This will stop and all will come back to earth.
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  • #10,517
  • Jun 1, 2022 7:12pm Jun 1, 2022 7:12pm
Pretty worrying hurricane its coming. If I understand correct, due to QE dollar will be sold with extra added high volatility. Is this what he is telling us?
For safety reasons best to close all trades, this will hurt.

https://www.cnbc.com/2022/06/01/jami...raine-war.html
  • #10,518
  • Jun 1, 2022 7:22pm Jun 1, 2022 7:22pm
Quoting Jolita
Pretty worrying hurricane its coming. If I understand correct, due to QE dollar will be sold with extra added high volatility. Is this what he is telling us? For safety reasons best to close all trades, this will hurt. https://www.cnbc.com/2022/06/01/jami...raine-war.html
On one hand yeah, but certainly a bit of a pull-back isn't it, I'm thinking 110/.50 will need to hold.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,519
  • Jun 1, 2022 7:39pm Jun 1, 2022 7:39pm
Quoting yani38
{quote} On one hand yeah, but certainly a bit of a pull-back isn't it, I'm thinking 110/.50 will need to hold. {image}
Yani, you where missed here too.
I felt embarrassed posting non stop.

Bears taking over still, price at support now. Can it push more?

I think intervention is on the cards.

Anyway, away for the long weekend, with limited access, good luck and see you all later.
  • #10,520
  • Jun 1, 2022 7:56pm Jun 1, 2022 7:56pm
Dont think support will hold.
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