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WTI Crude Oil Trading

  • #11,001
  • Oct 11, 2023 10:03am Oct 11, 2023 10:03am
Quoting Jolita
Come on, close that gap and fly away baby... {image}

This was an amazing closure, made my day!
  • #11,002
  • Oct 11, 2023 10:07am Oct 11, 2023 10:07am
Quoting Temujin
{quote} Looks Like we have a support forming at $80
I think hold on for the break down outside the channel first, let it settle before entering long.
  • #11,003
  • Oct 11, 2023 11:09am Oct 11, 2023 11:09am
Large oil future block orders just been placed buy at 82.80 and sell at 81.55
  • #11,004
  • Oct 11, 2023 2:34pm Oct 11, 2023 2:34pm
Quoting Ayax.TSS
#CRUDEOIL / H4 {image}
Gap was closed ✓

Tesla and Gold looking good on daily if you add a few tl's .
Gold possible 1890ish and back return to close the gap.
  • #11,005
  • Oct 11, 2023 11:41pm Oct 11, 2023 11:41pm
Quoting Jolita
Large oil future block orders just been placed buy at 82.80 and sell at 81.55
Hey! Where do you find this kind of data?
  • #11,006
  • Oct 12, 2023 12:11am Oct 12, 2023 12:11am
Quoting walla2k
{quote} Hey! Where do you find this kind of data?
CME Group account, signed alerts.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231012-080254~2.png Size: 22 KB


Future contracts if you buy, you are closing sell position and the opposite.
I am testing I think it worked last night well, force was big around mentioned levels, although I am after lower tp, but monitoring. Next order at $95, but other might be placed later.
  • #11,007
  • Oct 12, 2023 12:57am Oct 12, 2023 12:57am
Quoting Jolita
{quote} CME Group account, signed alerts.{image} Future contracts if you buy, you are closing sell position and the opposite. I am testing I think it worked last night well, force was big around mentioned levels, although I am after lower tp, but monitoring. Next order at $95, but other might be placed later.
Thank You! I will try to analyse data to understand this better!
  • #11,008
  • Oct 12, 2023 8:31am Oct 12, 2023 8:31am
Quoting Jolita
{quote} CME Group account, signed alerts.{image} Future contracts if you buy, you are closing sell position and the opposite. I am testing I think it worked last night well, force was big around mentioned levels, although I am after lower tp, but monitoring. Next order at $95, but other might be placed later.
Strangely, all these blocks today were appearing way below current price level. I was adding them once they appear manually. So I was wondering, is everyone expecting for price to drop to those levels?
Attached Image (click to enlarge)
Click to Enlarge Name: blocks.png Size: 25 KB
  • #11,009
  • Oct 12, 2023 8:52am Oct 12, 2023 8:52am
And it did go down, I made a nice trade on this today. I will try this approach tomorrow. Thanks Jolita for showing this.
  • #11,010
  • Oct 12, 2023 10:35am Oct 12, 2023 10:35am
Quoting walla2k
And it did go down, I made a nice trade on this today. I will try this approach tomorrow. Thanks Jolita for showing this.
how you make those lines to apear on your chart? Any future for TW?
  • #11,011
  • Oct 12, 2023 1:17pm Oct 12, 2023 1:17pm
Quoting walla2k
{quote} Strangely, all these blocks today were appearing way below current price level. I was adding them once they appear manually. So I was wondering, is everyone expecting for price to drop to those levels? {image}
No worries. I am glad to help.
Oil is moved by future price orders. Suppliers are monitoring price movement this way. If price drops they purchase to stabilise. CME has good educational resources. There will be a challenge which is free to enroll and access lots of lessons on futures.

I find it interesting new openings
  • #11,012
  • Edited Oct 13, 2023 12:59am Oct 12, 2023 1:25pm | Edited Oct 13, 2023 12:59am
Quoting walla2k
And it did go down, I made a nice trade on this today. I will try this approach tomorrow. Thanks Jolita for showing this.
Good job!
Try to opt for larger contract, also look at settlements, calls and puts (long/short) order prices, which ever greater wins the price.

Contracts not always filled, even big money lose. Trade wise.
  • #11,013
  • Oct 13, 2023 12:25am Oct 13, 2023 12:25am
Quoting Desiremc
{quote} how you make those lines to apear on your chart? Any future for TW?
For me it's easier to understand these things visually, so I just added them manually on TW one by one once a new block appears.
  • #11,014
  • Oct 13, 2023 12:27am Oct 13, 2023 12:27am
Quoting Jolita
{quote} Good job! Try to opt for larger contract, also look at settlements, calls and puts (long/short) order prices, which ever greater wins the price. Contracts not always filled, even big money lose. Trade wise. Watch Umar, interesting trading technique - https://youtu.be/CwHlqEBsjZY?feature=shared Edit, let me know once you take a note, I will remove pages later.
Thank You for the insights, noted!
  • #11,015
  • Oct 13, 2023 3:16am Oct 13, 2023 3:16am
Quoting Jolita
{quote} Gap was closed ✓ Tesla and Gold looking good on daily if you add a few tl's . Gold possible 1890ish and back return to close the gap.
WTI gap is closed, but BRENT one is not
  • #11,016
  • Oct 14, 2023 1:54am Oct 14, 2023 1:54am
Quoting shnackattack
{quote} WTI gap is closed, but BRENT one is not
Yes, checked, returned close enough, but left unfilled. Will revisit at some point.

Marked on my chart, thanks even I don't trade Brent, worth considering.
Daily is looking bullish, area if interest $95, weekly inside bar.
  • #11,017
  • Oct 30, 2023 11:26am Oct 30, 2023 11:26am
Looks like this $80 zone is a respected level. Waiting for a little lower to buy.
Be humble or be humbled.
  • #11,018
  • Oct 30, 2023 11:47am Oct 30, 2023 11:47am
Quoting Jolita
{quote} Yes, checked, returned close enough, but left unfilled. Will revisit at some point. Marked on my chart, thanks even I don't trade Brent, worth considering. Daily is looking bullish, area if interest $95, weekly inside bar.
Brent is trying hard, still not closed, my TP $75.
  • #11,019
  • Oct 30, 2023 11:52am Oct 30, 2023 11:52am
Quoting Temujin
Looks like this $80 zone is a respected level. Waiting for a little lower to buy.
Yes, can not decide. Closed manually one of my trades at $82.10, still have one short left to close just below $79, it has been underwater for some time.

I will let settle a bit to buy lower. Gov selling, suppliers buying causes seesaw reaction.
  • #11,020
  • Oct 30, 2023 11:56am Oct 30, 2023 11:56am
WTI daily EMA200 $81.24, Donchian lower $80.73.

Itchy fingers here
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