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  • #10,701
  • Aug 14, 2022 10:37pm Aug 14, 2022 10:37pm
Getting perilously close to that 90.99 level again, the more the work the longer the break, as they say.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,702
  • Aug 14, 2022 11:05pm Aug 14, 2022 11:05pm
Quoting Jolita
Oil retraced this week to $94.35, looks we are pausing here at resistance. Atm sl at $96 is safe, will look for short entry should return back to support, circa $90.00 and lower.{image}
Agree, although I'd go a bit higher re circa @ 90.99
"Don't Shoot Me I'm Only the Piano Player"
  • #10,703
  • Aug 15, 2022 3:51am Aug 15, 2022 3:51am
In the hands of random flucs this time of day, Market Maker's paradise, but so far, so good. : )

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,704
  • Aug 15, 2022 5:46am Aug 15, 2022 5:46am
Short @ $91.80 last Friday, cannot wait until the open. Next BIG buy level is $80.
Be humble or be humbled.
  • #10,705
  • Aug 15, 2022 10:51am Aug 15, 2022 10:51am
Quoting yani38
{quote} Agree, although I'd go a bit higher re circa @ 90.99
I meant $90 as a possible tp area, todays low $86.33.
  • #10,706
  • Aug 16, 2022 3:26am Aug 16, 2022 3:26am
Quoting Jolita
{quote} I meant $90 as a possible tp area, todays low $86.33.
Thx J.

Mebbe a bit of a retrace imminent, out for now. Hope all are having fun, a nice ride this one. : )


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"Don't Shoot Me I'm Only the Piano Player"
  • #10,707
  • Aug 16, 2022 1:03pm Aug 16, 2022 1:03pm
Quoting yani38
{quote} Thx J. Mebbe a bit of a retrace imminent, out for now. Hope all are having fun, a nice ride this one. : ) {image}
Good job!
Slow but steady pushing lower.
My trade +1000pips. Love in it!
  • #10,708
  • Aug 17, 2022 11:37am Aug 17, 2022 11:37am
Death cross on daily
50 EMA getting ready to cross under 200 EMA

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  • #10,709
  • Aug 17, 2022 11:42pm Aug 17, 2022 11:42pm
Back to 87/8, difficult to keep going short such a rush from 30.00 odd, adaption the key, and there it is.

Precious is all buy apparently, mebbe right, I'm out of that for now, retirement fund looking a bit better ; )
"Don't Shoot Me I'm Only the Piano Player"
  • #10,710
  • Aug 18, 2022 8:04am Aug 18, 2022 8:04am
Still waiting for last dip closer to $80.

Sharing... Look at the last column for price idea.
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  • #10,711
  • Aug 18, 2022 8:05am Aug 18, 2022 8:05am
Quoting yani38
Back to 87/8, difficult to keep going short such a rush from 30.00 odd, adaption the key, and there it is. Precious is all buy apparently, mebbe right, I'm out of that for now, retirement fund looking a bit better ; )
Good to hear Y ; )
  • #10,712
  • Aug 22, 2022 4:36pm Aug 22, 2022 4:36pm
oil futures got to close the month above 88 otherwise there will be a bigger leg down. this week it will probably just thrash around like a fish pulled out of water.
short trump and go long the deepstate
  • #10,713
  • Aug 22, 2022 10:39pm Aug 22, 2022 10:39pm
Quoting Zebi
oil futures got to close the month above 88 otherwise there will be a bigger leg down. this week it will probably just thrash around like a fish pulled out of water.
Good post, and poor fish.

Anyway, WTI been thrashing around for a while now, with a slightly negative bias, I'm out of for now. : )

PS Good to see no thrashing of the Internet lingo of yesterday (uninterruptible) in here, a quality thread. ; )

Good luck
"Don't Shoot Me I'm Only the Piano Player"
  • #10,714
  • Aug 24, 2022 2:54pm Aug 24, 2022 2:54pm
Saudis cutting output but the Jackson Hole Symposium is Frday and the Fed needs a clear message of continued tightening to beat inflation.. This will surely put a downward bias on Oil. Market is holding it's breath.
Be humble or be humbled.
  • #10,715
  • Aug 24, 2022 3:59pm Aug 24, 2022 3:59pm
Media manipulation at its force atm.
  • #10,716
  • Aug 26, 2022 5:35am Aug 26, 2022 5:35am
Quoting Jolita
Media manipulation at its force atm.
More jawboning about the Iran deal dropped it to $93. I want Jackson Hole to sink oil for a better buy set-up.
Be humble or be humbled.
  • #10,717
  • Aug 27, 2022 10:37am Aug 27, 2022 10:37am
Expect further Fed intervention to control WTI price from rising.

https://www.bloomberg.com/news/artic...?sref=866aH6XX
  • #10,718
  • Aug 27, 2022 11:59am Aug 27, 2022 11:59am
Quoting Temujin
{quote} More jawboning about the Iran deal dropped it to $93. I want Jackson Hole to sink oil for a better buy set-up.
You changing your bias. I am with you.
I was away and had limited access but returning back tonight.

Looked at the chart, range $85-$95 was violated. I am looking to close my selling position somewhere $88-$90 and enter buy order.
Demand increasing, inventories decreasing.
Iran deal can not replace Russian oil. Oil is out of stock.
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  • #10,719
  • Aug 27, 2022 4:24pm Aug 27, 2022 4:24pm
Jackson Hole was definitely a test for how resilient oil is to selling pressure. Most assets ended up red on the stronger USD but not oil. Bug the dips.
Be humble or be humbled.
  • #10,720
  • Aug 30, 2022 3:17pm Aug 30, 2022 3:17pm
Quoting Temujin
Jackson Hole was definitely a test for how resilient oil is to selling pressure. Most assets ended up red on the stronger USD but not oil. Bug the dips.
Nice moves today. I am after a few more.
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