WTI Crude Oil Trading

Scalped short the move down from 74.30 to 73.90
finally recovered the whole loss and ended the day in tiny profits

Tomorrow important calendar, hopefully will squeeze everything around so by end of the week I get 2 more good days

Hi guys, what are the most important macro news you should be aware of if youre scalping crude oil?

You should look at Crude Oil Inventories which came out today at 10:30 EST. Market doesn’t spike up or down like in case of EUR or GBP when NFP is released.. but it slowly creeps up… we have a bucket position on D1 chart of CRUDE OIL. Inventory today was also very low.. its winter season and it could be long this year by the looks of all the climate change conditions.. there is a war in Middle East (oil actually fell down from Monday when it opened with a gap of 2USD/barrel, after Saturday’s terrorist attack) but nevertheless things will get worse before it gets better in Middle East, so overall the picture looks good for Oil. You should look to scalp on bullish side, we call it buy-side trade.

getting long 75.90

out. 77

long 76.81

out 77.20

Long multiple buys avg price 78.70

new avg price 78.62
looking to buy more at day low

add to long
new avg price 78.09

We could see $84 on this run. China is attempting to shore up their economy, the draw downs, inflation uptick and middle east conflict growing.

Above $79 (tested last night) to $85.

out 75.90 flat

short 76.00

cover 76.80

long 76.90 March

out 77.60

Missed a lot of work in oil.
Will try to recover

long 77.67 march

out 77.79 flat