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WTI Crude Oil Trading

  • #11,381
  • Feb 11, 2024 3:03am Feb 11, 2024 3:03am
Quoting _BBKing_
{quote} price reached resistance area so anything can happen
I expect price to re-test $79.50 resistance, as I mentioned before if this breaks $85 next.
We never know for sure.
  • #11,382
  • Feb 11, 2024 3:17am Feb 11, 2024 3:17am
Quoting Jolita
{quote} I expect price to re-test $79.50 resistance, as I mentioned before if this breaks $85 next. We never know for sure.
yes true


atm 77.20/77.50 found sell pressure.
but was end of week so might also be profit taking
then new week could resume the move up

there are important data releases this week
so will certainly not be boring
90% of traders use TA, indicators and prediction
  • #11,383
  • Feb 11, 2024 5:59pm Feb 11, 2024 5:59pm
I expected more upside movement
Open interest in oil increased over past week
also, tension in the Red Sea pushes oil
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
  • #11,384
  • Feb 12, 2024 8:17am Feb 12, 2024 8:17am
killer move earlier
I was in UJ chart and saw oil price @76
2 minutes later was 75.50
in a blink of an eye back to 76 pushing 76.20

76.40 while typing.
looks to me important bullish sign.

I'm not into any position atm, waiting to see if can stabilise around these levels
90% of traders use TA, indicators and prediction
  • #11,385
  • Feb 13, 2024 4:31am Feb 13, 2024 4:31am
Crude on its merry way back to $80, Old Spot on life support @ $2020, gets a lot of visitors, tho.
"Don't Shoot Me I'm Only the Piano Player"
  • #11,386
  • Feb 13, 2024 3:33pm Feb 13, 2024 3:33pm
Quoting yani38
Crude on its merry way back to $80, Old Spot on life support @ $2020, gets a lot of visitors, tho.
Nice seeing you back Yani.
Hope all is well.
  • #11,387
  • Feb 13, 2024 11:26pm Feb 13, 2024 11:26pm
Quoting Jolita
{quote} Nice seeing you back Yani. Hope all is well.
Same you, Jolita : )
"Don't Shoot Me I'm Only the Piano Player"
  • #11,388
  • Feb 13, 2024 11:27pm Feb 13, 2024 11:27pm
Quoting yani38
Crude on its merry way back to $80, Old Spot on life support @ $2020, gets a lot of visitors, tho.
Attached Image (click to enlarge)
Click to Enlarge Name: Sweet.png Size: 8 KB

Sweet.
"Don't Shoot Me I'm Only the Piano Player"
  • #11,389
  • Feb 15, 2024 2:40pm Feb 15, 2024 2:40pm
getting short WTI 77.71 april 1/2 position
  • #11,390
  • Feb 15, 2024 4:04pm Feb 15, 2024 4:04pm
Indecision, could go eighter way, trade safe
  • #11,391
  • Feb 15, 2024 4:08pm Feb 15, 2024 4:08pm
Reza's Volume profile from
If a break above 78.05 occurs, it should lead to 78.80 and 79.25. Conversely, if a break below 77.35 happens, it should test 76.70, 76, and 75.55
  • #11,392
  • Feb 16, 2024 6:59am Feb 16, 2024 6:59am
Quoting FT.Trader
getting short WTI 77.71 april 1/2 position
out 76.92 flat
i don't want to take a short position home for the weekend.
  • #11,393
  • Feb 16, 2024 1:44pm Feb 16, 2024 1:44pm
Would be lovely price to close ove $79, this could give me +1000 pips profit
  • #11,394
  • Feb 16, 2024 4:37pm Feb 16, 2024 4:37pm
Forgot to post got long in the UCO ETF at the close. Target is around 83 on WTI
  • #11,395
  • Feb 17, 2024 12:32pm Feb 17, 2024 12:32pm
Quoting FT.Trader
Forgot to post got long in the UCO ETF at the close. Target is around 83 on WTI
UCO is the best. Calls 5 weeks out on every good support zone.
Be humble or be humbled.
  • #11,396
  • Feb 19, 2024 10:42pm Feb 19, 2024 10:42pm
Quoting FT.Trader
Forgot to post got long in the UCO ETF at the close. Target is around 83 on WTI
Forgot to post.
Add 78.16
target around 83.50
Looking to add on weakness during NY session
  • #11,397
  • Feb 19, 2024 11:26pm Feb 19, 2024 11:26pm
Quoting Temujin
{quote} UCO is the best. Calls 5 weeks out on every good support zone.
the thing that i like about UCO and SCO ETF is that i have never been forced to liquidate
the pricing model is different than spot.
  • #11,398
  • Feb 20, 2024 3:49am Feb 20, 2024 3:49am
Quoting FT.Trader
{quote} Forgot to post. Add 78.16 target around 83.50 Looking to add on weakness during NY session
add to long 77.73
  • #11,399
  • Feb 20, 2024 6:32am Feb 20, 2024 6:32am
Quoting FT.Trader
{quote} add to long 77.73
add to long 77.63
  • #11,400
  • Feb 20, 2024 7:48am Feb 20, 2024 7:48am
Quoting FT.Trader
{quote} add to long 77.63
out 77.92.
Looking to reload 77.40

Still Long UCO
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