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  • #11,041
  • Nov 17, 2023 4:31pm Nov 17, 2023 4:31pm
Quoting Jolita
Possible to retrace to 77, but also bears need to touch 70, choosing the second option for now.
Jolita, what is the swap rate (buy/sell) on Brent at your broker, now/today ?
  • #11,042
  • Nov 19, 2023 6:02am Nov 19, 2023 6:02am
I am so mad at myself. Focusing on $70. I missed a good entry at $72.63
Be humble or be humbled.
  • #11,043
  • Nov 21, 2023 4:12am Nov 21, 2023 4:12am
Quoting AlexandraKT
{quote} I did an account there already, got on the page, but I get to much data and I do not know how you get it with options, futures.. in the left corner, how do you choose from it, get from a long table to 2 pieces of data ... {image}
You have to subscribe to email alerts on CME website in order to get that summary that Jolita shared. OR do it in spreadsheets yourself.
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  • #11,044
  • Nov 23, 2023 11:05am Nov 23, 2023 11:05am
@jolita share your take on US OIL
  • #11,045
  • Nov 28, 2023 5:52am Nov 28, 2023 5:52am
WTI 4hr Structure isn't clear at the moment, but I see the bears loosing momentum and the bulls, slowly and carefully taking over.
  • #11,046
  • Edited 6:48pm Nov 28, 2023 6:05pm | Edited 6:48pm
Quoting AlxT
{quote} I did an account there already, got on the page, but I get to much data and I do not know how you get it with options, futures.. in the left corner, how do you choose from it, get from a long table to 2 pieces of data ... {image}
Hi, sorry, missed your post.

You can find under
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Select Report you would like to view, select asset/instrument, it should work.

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Sure you can find many useful other available info
  • #11,047
  • Nov 28, 2023 6:13pm Nov 28, 2023 6:13pm
Or select
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  • #11,048
  • Nov 28, 2023 6:33pm Nov 28, 2023 6:33pm
OPEC watch tool has changed, reduced from 80% no change to just under 73% but added slightly to decreased production.
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OPEC Meeting was postponed to 30th Nov. Volatility will be high.Trade carefully, look out for direction.

Decreased/increased production can be interpreted as shortage or surplus, could be that OPEC is willing to push price higher by decreasing production, but can be read as reduced demand.
Do your research, trade for profit.
  • #11,049
  • Nov 28, 2023 6:34pm Nov 28, 2023 6:34pm
Quoting walla2k
{quote} You have to subscribe to email alerts on CME website in order to get that summary that Jolita shared. OR do it in spreadsheets yourself. {image}
Thanks Walla!
  • #11,050
  • Nov 29, 2023 2:19am Nov 29, 2023 2:19am
So the Bulls have finally taken WTI, I'll be expecting a nice structural pullback to 75 and a target at about 77. What are your thoughts? @temujin
  • #11,051
  • Nov 30, 2023 3:01am Nov 30, 2023 3:01am
So for WTI, will be looking for a structural pullback from 78.300 to 76.400 to then continue the buys, overall target will be 81.500. However I sense WTI may want to break out from 78.300 to 80, but Let's see what Price does.
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  • #11,052
  • Nov 30, 2023 8:07am Nov 30, 2023 8:07am
Thing is with oil it's very difficult to turn off the flow. So guessing that OPEC will be stashing thousands of barrels of oil somewhere.
Creating a glut. Meanwhile the price goes up as less is available. Actually from one point of view this is good for the enviroment.
  • #11,053
  • Dec 1, 2023 3:52pm Dec 1, 2023 3:52pm
There is some confusion on the output cut agreement among OPEC members but just the thought of more cuts will keep prices supported.
Be humble or be humbled.
  • #11,054
  • Dec 2, 2023 6:18am Dec 2, 2023 6:18am
Quoting Temujin
There is some confusion on the output cut agreement among OPEC members but just the thought of more cuts will keep prices supported.
While America is pumping pipes are fully functional, Russia and OPEC turning unwanted taps off, strange world we live in, this is what we wanted, this is what they get for overpriced oil prices. Further cuts will be made and we are in winter season, if winter is mild, we go back way under 70.
  • #11,055
  • Dec 3, 2023 6:29am Dec 3, 2023 6:29am
Yes, I see the USD at the 100 WEEK average support line after being down 9 weeks straight. When USD starts rising. Gold, Oil, DOW Jones all down. In sync with all of it is the volatility index, at a yearly low. USD up, volatility uo, everything down soon. Maybe after the Non Farm payrolls Friday December 8.
Be humble or be humbled.
  • #11,056
  • Dec 3, 2023 6:28pm Dec 3, 2023 6:28pm
https://www.dailyfx.com/news/oil-wee...-20231203.html
  • #11,057
  • Dec 8, 2023 3:02am Dec 8, 2023 3:02am
long jan 24 crude 69.50
looking good so far
target is 200 sma on daily
  • #11,058
  • Dec 8, 2023 5:04am Dec 8, 2023 5:04am
Quoting FT.Trader
long jan 24 crude 69.50 looking good so far target is 200 sma on daily
Same here. I missed that brief $68 touch but got into some option contracts long at $69+. Very short term expire for a month out.
Be humble or be humbled.
  • #11,059
  • Dec 8, 2023 6:56am Dec 8, 2023 6:56am
Quoting FT.Trader
long jan 24 crude 69.50 looking good so far target is 200 sma on daily
selling some 70.71 before nfp
  • #11,060
  • Dec 8, 2023 7:06am Dec 8, 2023 7:06am
Quoting Temujin
{quote} Same here. I missed that brief $68 touch but got into some option contracts long at $69+. Very short term expire for a month out.
USO etf chart attached
larry williams vix fix indicator at the bottom
i think we could bounce up to 76 on jan 24 contract and retest dec 2022 opening price 76.79
the vix fix indicator has not registered a bottom for a swing trade
on the horizontal line yet
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