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WTI Crude Oil Trading

  • #10,881
  • Apr 26, 2023 12:41pm Apr 26, 2023 12:41pm
Quoting Jolita
{quote} Daily - $76 then $69 +/- spread which around 40. Weekly - $74 if continue lower then possible $64 Monthly $95 next up
Nice day, $76 achieved.
Closed 1/2 trades.
Ema' crossing, oild will be pushed lower
Attached Image (click to enlarge)
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  • #10,882
  • Edited 4:25pm Apr 26, 2023 3:29pm | Edited 4:25pm
$74 also achieved, this was super fast delivery.

Now can't decide whether to close my short and place a long trade.
Any thoughts?
Drop caused by recession fears.
  • #10,883
  • Apr 26, 2023 9:37pm Apr 26, 2023 9:37pm
Quoting Jolita
$74 also achieved, this was super fast delivery. Now can't decide whether to close my short and place a long trade. Any thoughts? Drop caused by recession fears.

price has retraced to the saudi production cut news first of the month so may bounce but dont think it will be a high bounce since price has a date with the march lows on the daily chart
short trump and go long the deepstate
  • #10,884
  • Apr 27, 2023 2:16am Apr 27, 2023 2:16am
Quoting Zebi
{quote} price has retraced to the saudi production cut news first of the month so may bounce but dont think it will be a high bounce since price has a date with the march lows on the daily chart
Thanks.
Added short, as I think there is space lower.
  • #10,885
  • Apr 27, 2023 5:10am Apr 27, 2023 5:10am
Quoting Jolita
{quote} Thanks. Added short, as I think there is space lower.
Bounce here at $74.
Be humble or be humbled.
  • #10,886
  • Apr 27, 2023 8:57am Apr 27, 2023 8:57am
Crude Is Trading In Box Range
Attached Image (click to enlarge)
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Watch Out Levels For Trading : https://stockmarketdailycharts.blogs...m/p/crude.html
  • #10,887
  • Apr 27, 2023 5:56pm Apr 27, 2023 5:56pm
Quoting Temujin
{quote}

Bounce here at $74.
4h and daily lower Emas moving slowly towards cross overs - golden cross.
Weekly EMA 200 $73.19, while lower Donchian down $64.39.
Holding to my sells for now.
Attached Image (click to enlarge)
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  • #10,888
  • May 1, 2023 4:55am May 1, 2023 4:55am
Back on truck.
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  • #10,889
  • May 1, 2023 11:45am May 1, 2023 11:45am
Thank you for sharing. This is my analysis:
Overview: up
it is forming an N wave
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  • #10,890
  • May 2, 2023 10:51am May 2, 2023 10:51am
Quoting Zebi
{quote} price has retraced to the saudi production cut news first of the month so may bounce but dont think it will be a high bounce since price has a date with the march lows on the daily chart

right on time...should see march lows in a couple weeks
Attached Image (click to enlarge)
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thats my target on my shorts
short trump and go long the deepstate
  • #10,891
  • May 2, 2023 1:10pm May 2, 2023 1:10pm
Below 71.55 to 68.75
  • #10,892
  • May 2, 2023 1:11pm May 2, 2023 1:11pm
Resistance 73.85
  • #10,893
  • May 2, 2023 1:36pm May 2, 2023 1:36pm
closed my shorts...hope to bounced to 74 and ill reshort there...going long small size for the bounce
short trump and go long the deepstate
  • #10,894
  • May 2, 2023 2:43pm May 2, 2023 2:43pm
Quoting Zebi
closed my shorts...hope to bounced to 74 and ill reshort there...going long small size for the bounce
Good trading! Holding my last one, EMA's crossing on 4hr and Daily.
  • #10,895
  • May 2, 2023 3:07pm May 2, 2023 3:07pm
Closed last short as well, nice pips just like that
Long opened.
  • #10,896
  • May 2, 2023 11:32pm May 2, 2023 11:32pm
Long here at $71
Be humble or be humbled.
  • #10,897
  • May 2, 2023 11:52pm May 2, 2023 11:52pm
"The trend is your friend, until the end when it bends."

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #10,898
  • May 3, 2023 2:18am May 3, 2023 2:18am
Quoting Temujin
Long here at $71
Would be nice to see small retracement to $73, if support holds.
Weekly is tempting to reach $65ish.
  • #10,899
  • May 3, 2023 5:10am May 3, 2023 5:10am
Sorry for the late following up. Here is my current view:

On weekly time frame:
- Price is below the cloud
- Chinkou is under price
Overview: Bearish

On daily time frame:
- Price needs to go out of the cloud to be clear downtrend continuing
- Chinkou is right above the price. It needs to close below the price in order to confirm downtrend
Attached Image (click to enlarge)
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  • #10,900
  • May 3, 2023 6:20pm May 3, 2023 6:20pm
Quoting Jolita
{quote} 4h and daily lower Emas moving slowly towards cross overs - golden cross. Weekly EMA 200 $73.19, while lower Donchian down $64.39. Holding to my sells for now. {image} {image}

Madness, $64 and below was touched at opening, and up it goes.
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