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  • #10,741
  • Sep 19, 2022 8:07pm Sep 19, 2022 8:07pm
Quoting sharingan9
{quote} Buying against where the direction indicated by value should be short scalps because value was perceived as lower prices. Shorting would have been a better option in terms of value. {image}

Yeah WTI dipped a cpl from when I posted, back to where we started from..Precious on a bit a run from 1660, good luck to it.

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,742
  • Sep 21, 2022 5:27am Sep 21, 2022 5:27am
Quoting yani38
{quote} Yeah WTI dipped a cpl from when I posted, back to where we started from..Precious on a bit a run from 1660, good luck to it. {image}
Big day ahead with the Fed expected to hike 75 basis points. Maybe a move lower in commodities and then a sell-off on the dollar to bring gold, oil and everything else up.
Be humble or be humbled.
  • #10,743
  • Sep 21, 2022 5:27am Sep 21, 2022 5:27am
[quote=Temujin;14145846]{quote} Big day ahead with the Fed expected to hike 75 basis points. Maybe a move lower in commodities and then a sell-off on the dollar to bring gold, oil and everything else back up.
Be humble or be humbled.
  • #10,744
  • Sep 21, 2022 10:54am Sep 21, 2022 10:54am
[quote=Temujin;14145848]
Quoting Temujin
{quote} Big day ahead with the Fed expected to hike 75 basis points. Maybe a move lower in commodities and then a sell-off on the dollar to bring gold, oil and everything else back up.
Yeah, certainly not inspiring atm, but within range. Still buying the dips?


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"Don't Shoot Me I'm Only the Piano Player"
  • #10,745
  • Sep 22, 2022 9:10pm Sep 22, 2022 9:10pm
[quote=yani38;14146373]
Quoting Temujin
{quote} Yeah, certainly not inspiring atm, but within range. Still buying the dips? {image}
After the rate hike no more buying until $76 for me. I do not trust it.
Be humble or be humbled.
  • #10,746
  • Sep 22, 2022 9:14pm Sep 22, 2022 9:14pm
[quote=Temujin;14148853]
Quoting yani38
{quote} After the rate hike no more buying until $76 for me. I do not trust it.
Look how the data is changing also; from big draw to draw to oh wow less of a build than we expected. Bearish inventory weekly now.
Be humble or be humbled.
  • #10,747
  • Sep 23, 2022 10:01am Sep 23, 2022 10:01am
[quote=Temujin;14148858]
Quoting Temujin
{quote} Look how the data is changing also; from big draw to draw to oh wow less of a build than we expected. Bearish inventory weekly now.
Hey, im new on the WTI, does bearish inventory mean a price drop? I thought it would value if there is less inventory.
  • #10,748
  • Sep 23, 2022 4:49pm Sep 23, 2022 4:49pm
[quote=Blazed;14150169]
Quoting Temujin
{quote} Hey, im new on the WTI, does bearish inventory mean a price drop? I thought it would value if there is less inventory.
If weekly inventory on the barrel count is more than what analysts expect then it is bearish for WTI because there is a build up which shows less demand, less consumption and so the price goes lower.
Vice versa for bullish trends. Other effects on oil are geopolitical, like war. OPEC production cuts or boosting production to meet demand and/or bring prices a bit lower and more stable are other factors.
Be humble or be humbled.
  • #10,749
  • Sep 23, 2022 6:41pm Sep 23, 2022 6:41pm
Quoting Jolita
Bearish flag / bearish continuation. Will look to sell higher. {image}

Again, worked as per bearish flag template. Resistance becomes support shortly. Guys are pressing this to the ground, otherwise everything will crash.
Just a start today.
  • #10,750
  • Sep 23, 2022 6:44pm Sep 23, 2022 6:44pm
Quoting yani38
{quote} Yeah WTI dipped a cpl from when I posted, back to where we started from..Precious on a bit a run from 1660, good luck to it. {image}

“Before I speak, I have something important to say.”

Cant wait to hear!
  • #10,751
  • Sep 24, 2022 12:54am Sep 24, 2022 12:54am
Oil has REAL value, stocks who knows what they are really worth.
Be humble or be humbled.
  • #10,752
  • Sep 25, 2022 4:57pm Sep 25, 2022 4:57pm
Futures open in 3 minutes. Lots of Fed speakers this week affecting the dollar. Going to be a very volatile week.
Be humble or be humbled.
  • #10,753
  • Sep 27, 2022 2:31am Sep 27, 2022 2:31am
Quoting Jolita
{quote} “Before I speak, I have something important to say.” Cant wait to hear!
I'm a bit shy.

[quote=Temujin;14148853]
Quoting yani38
{quote} After the rate hike no more buying until $76 for me. I do not trust it.
Good one buddy, a wise decision as it turned out. : ) Same you J, re staying short : )

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"Don't Shoot Me I'm Only the Piano Player"
  • #10,754
  • Sep 27, 2022 3:44pm Sep 27, 2022 3:44pm
[quote=yani38;14153745]{quote} I'm a bit shy.
Quoting Temujin
{quote} Good one buddy, a wise decision as it turned out. : ) Same you J, re staying short : ) {image}
Ahh, I get it now! I took as you have something important to tell as.

I don't have any trades atm, watching WTI. Was tempting to long last night $76-75 level, but held, trucky middle level can go any way.
Saved this recommendation shared on twitter yesterday, pretty good prediction
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What are your thoughts for next step, will the price be pushed lower on US India price cap?

Temujin, yes you were right on $76 beeing strong support.

Gold at nice low level.

Yani, hope you are enjoying spring time .
Getting cold in the UK, leaves are falling, love in it.
  • #10,755
  • Sep 30, 2022 3:31pm Sep 30, 2022 3:31pm
All good?
Runnng small sel from $81, aiming to close at $78. Lets see.
  • #10,756
  • Oct 2, 2022 1:19am Oct 2, 2022 1:19am
Oil long term view

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Money moves the market, not an indicator.
  • #10,757
  • Oct 6, 2022 2:30pm Oct 6, 2022 2:30pm
Demand, OPEC, Channel resistance about to break up towards $90.00.

Temujin, what are your thoughts?
  • #10,758
  • Oct 10, 2022 2:09am Oct 10, 2022 2:09am
Attachment g
Oil Short term view
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  • #10,759
  • Oct 10, 2022 3:43pm Oct 10, 2022 3:43pm
Holding sell, tp $87
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  • #10,760
  • Oct 12, 2022 12:15pm Oct 12, 2022 12:15pm
4 H chart
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!! Radha Radha !!
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