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WTI Crude Oil Trading

  • #10,661
  • Jul 21, 2022 7:45am Jul 21, 2022 7:45am
Quoting yani38
Dangerous time of day to trade atm, but happy ; ) {image}
Nice and easy. Hope you are doing well.
Yes, lots of media releases, new contracts and political disagreements lately.
Under $100, trend is down.
I think $90 and $85 in a making, trendline resistance was respected, daily under 200EMA.
Your WTI cash ~+100/200p.
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  • #10,662
  • Jul 22, 2022 12:44am Jul 22, 2022 12:44am
Thanks J, yeah I'm short again now from just over 100.00 targeting ≤ 94.00, on mine, prob 95.00 on yours. See how it goes, have a great w/e.!
"Don't Shoot Me I'm Only the Piano Player"
  • #10,663
  • Jul 22, 2022 5:00am Jul 22, 2022 5:00am
No volume at the moment, but as it stands.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,664
  • Jul 22, 2022 6:23am Jul 22, 2022 6:23am
Quoting yani38
No volume at the moment, but as it stands. {image}
Weeks opening was tested, time to look for long entry.

Do you seem to know how Iran willl pay Rusia for latest oil deal? Dollars, rubles, crypto or gold?
  • #10,665
  • Jul 22, 2022 8:31am Jul 22, 2022 8:31am
Quoting Jolita
{quote} Weeks opening was tested, time to look for long entry. Do you seem to know how Iran willl pay Rusia for latest oil deal? Dollars, rubles, crypto or gold?
Ok. Found it, will be paid using local currency.
Russian Trade With Turkey, Iran Sought Via Local Currency, Not Dollars (businessinsider.com)
  • #10,666
  • Jul 24, 2022 7:01am Jul 24, 2022 7:01am
Judgement Day for commodities Wednesday. Dollar up and commodities down. Will be a good buying opportunity at $86
Be humble or be humbled.
  • #10,667
  • Jul 25, 2022 12:49am Jul 25, 2022 12:49am
Quoting Temujin
Judgement Day for commodities Wednesday. Dollar up and commodities down. Will be a good buying opportunity at $86
Bought back @ 95.90.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,668
  • Edited 4:26pm Jul 25, 2022 7:29am | Edited 4:26pm
Quoting yani38
{quote} Bought back @ 95.90. {image}
Sneeked buy order this morning from 9266, now closed and sell entered from 9536, hopefully

Edit:
Historical pivot + s&r daily chart,
magnetic galaxy repulsive force towards $80.
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  • #10,669
  • Jul 25, 2022 3:40pm Jul 25, 2022 3:40pm
US Close Session.
Nice long from floor to 150. (poc of next distribution - NOT a bloody fibo ffs lol!)
note the extension of distribution/swing projection using actual last poc volume.

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  • #10,670
  • Jul 25, 2022 9:13pm Jul 25, 2022 9:13pm
Quoting Jolita
{quote} Sneeked buy order this morning from 9266, now closed and sell entered from 9536, hopefully Edit: Historical pivot + s&r daily chart, magnetic galaxy repulsive force towards $80. {image}
Quoting Cools81
US Close Session. Nice long from floor to 150. (poc of next distribution - NOT a bloody fibo ffs lol!) note the extension of distribution/swing projection using actual last poc volume. {image}
Well done to both. Closed my bb just this morning @ 99.00 odd. I'm on the WTI cash not Spot Month, the latter running at a $2 discount to cash obviously.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,671
  • Jul 26, 2022 2:12am Jul 26, 2022 2:12am
Wedge break out up, sitting at top resistance prior Oil inventories on Wednesday.
Will retrace or go towards next resistance $99?
2 hr
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1hr above 200EMA
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  • #10,672
  • Edited 5:33am Jul 26, 2022 5:17am | Edited 5:33am
Quoting Jolita
Wedge break out up, sitting at top resistance prior Oil inventories on Wednesday. Will retrace or go towards next resistance $99? 2 hr {image} 1hr above 200EMA {image}
A dicey one J, but holding up well.

On a side note, XAU and AUD taking a bit of a hammering.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,673
  • Jul 26, 2022 2:31pm Jul 26, 2022 2:31pm
H & S
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Bigivan, any divergence spotted?
  • #10,674
  • Jul 26, 2022 2:35pm Jul 26, 2022 2:35pm
Quoting Kwame Freder
resistance holding around $110. may get some down if it doesn't break through
Kwame, hope all is well with you.
We miss your comments.
  • #10,675
  • Jul 26, 2022 3:35pm Jul 26, 2022 3:35pm
What an easy brilliant US Close session.
test of ceiling then BOOM through london low. A comfortable 8:1 in 40 minutes. boom.
https://i.gyazo.com/c92684b1d72ceb90...8566bc70a6.png
  • #10,676
  • Aug 2, 2022 4:47am Aug 2, 2022 4:47am
Quoting Cools81
What an easy brilliant US Close session. test of ceiling then BOOM through london low. A comfortable 8:1 in 40 minutes. boom. {image}
After $90 then $86 and the entire equities market with it.
Be humble or be humbled.
  • #10,677
  • Aug 2, 2022 2:14pm Aug 2, 2022 2:14pm
Quoting Temujin
{quote} After $90 then $86 and the entire equities market with it.
Would be nice, waiting for a touch of $90.
Will look for long entry then. Open interest end of last week was greater on buyers side.
  • #10,678
  • Aug 3, 2022 4:18am Aug 3, 2022 4:18am
Quoting Jolita
{quote} Would be nice, waiting for a touch of $90. Will look for long entry then. Open interest end of last week was greater on buyers side.
Will be around this area for some time as the draws are pretty substantial lately on inventories.
Be humble or be humbled.
  • #10,679
  • Aug 3, 2022 4:39am Aug 3, 2022 4:39am
#CRUDEOIL / H4
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  • #10,680
  • Aug 3, 2022 11:46am Aug 3, 2022 11:46am
Quoting Ayax.TSS
#CRUDEOIL / H4{image}
$69 or $111???
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