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WTI Crude Oil Trading

  • #11,461
  • Jun 7, 2024 2:28pm Jun 7, 2024 2:28pm
Quoting Temujin
{quote} Driving season to begin soon. I think it is building a base to go higher.
But enough supplies to cover driving season, don't you think? Price still dragged lower, with latest SA hold ups, economic outlook etc.

I would like to see $60-$40 to re-purchase for winter demand.
Let's see, I might be
  • #11,462
  • Jun 7, 2024 11:50pm Jun 7, 2024 11:50pm
Quoting Jolita
{quote} But enough supplies to cover driving season, don't you think? Price still dragged lower, with latest SA hold ups, economic outlook etc. I would like to see $60-$40 to re-purchase for winter demand. Let's see, I might be
Those are economic crash prices which may be in September.
Be humble or be humbled.
  • #11,463
  • Jun 8, 2024 1:46pm Jun 8, 2024 1:46pm
Those production cuts will start a deficit during peak summer season. $77?
Be humble or be humbled.
  • #11,464
  • Jun 10, 2024 1:12pm Jun 10, 2024 1:12pm
Quoting Temujin
{quote} Those are economic crash prices which may be in September.
I don't think it will be so soon either...or that much. Especially when they were measures and so many meetings meant to increase prices ...
Still going up for now, anyway ....as it seems.
  • #11,465
  • Jun 12, 2024 10:33pm Jun 12, 2024 10:33pm
Their propping the futures up

This is so manipulated you can see it on the dom
  • #11,466
  • Jun 12, 2024 10:53pm Jun 12, 2024 10:53pm
Go long on this right here and put a stop below today's low. Easy trade
  • #11,467
  • Jun 20, 2024 8:19am Jun 20, 2024 8:19am
Such an awesome looking chart, but the thing isn't moving....Slow then probably rip after I got out.
  • #11,468
  • Jun 25, 2024 4:51am Jun 25, 2024 4:51am
Liking short here. 61.8 fib. US will never get inflation under control unless they get the price of oil down. Nice TA forming too, potential pair of bear tweezer candles (on weekly chart).
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  • #11,469
  • Jun 27, 2024 10:55pm Jun 27, 2024 10:55pm
Well that was a charming bipolar exercise. Short, book it, back up, short, book it, back up, rinse and repeat until giddy.

Next short target 83.11 (higher time frame 61.8 fib)
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  • #11,470
  • Jun 28, 2024 12:28pm Jun 28, 2024 12:28pm
Out. Flat. 81.65
Profitable but what a chop fest!
Long from May 6 and June 5th. I'm still bullish on a pullback
  • #11,471
  • Jul 2, 2024 5:34am Jul 2, 2024 5:34am
Short it.
Be humble or be humbled.
  • #11,472
  • Jul 3, 2024 8:18pm Jul 3, 2024 8:18pm
Quoting Temujin
Short it.
Consider a short also, but not certain if to wait until it gets higher. Any thoughts ?
  • #11,473
  • Jul 6, 2024 6:32am Jul 6, 2024 6:32am
I see a double top at the $84 area. Could max out at $86 next week and then down.
Be humble or be humbled.
  • #11,474
  • Jul 7, 2024 8:02am Jul 7, 2024 8:02am
Interested in shorting WTI but so NOT liking the ma activity below, too many bullish crossovers. Price flirting with the 61.8 fib (higher time frame chart).
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  • #11,475
  • Jul 7, 2024 11:20am Jul 7, 2024 11:20am
Quoting Temujin
I see a double top at the $84 area. Could max out at $86 next week and then down.
I am already in, smaller position, hence, I can take it and add if it goes up.
  • #11,476
  • Jul 17, 2024 12:01pm Jul 17, 2024 12:01pm
Quoting princegolds
hello team! Im an active WTI Crude oil traders from past 5 years now. I only trade oil, I spent 1.5 years trading demo on oil understanding its behavior. Let me know if I can help here.
Thanks! Looks like we have a draw but the USD looks poised to come up from a weekly supoort also. Summer driving and supply cuts but the transport stocks and China not strong. $78 next?
Be humble or be humbled.
  • #11,477
  • Jul 21, 2024 9:46am Jul 21, 2024 9:46am
Quoting Temujin
{quote} Thanks! Looks like we have a draw but the USD looks poised to come up from a weekly supoort also. Summer driving and supply cuts but the transport stocks and China not strong. $78 next?
Ah, I hope for an 78usd next ...
I hope for a 77usd actually...

Any thoughts?
  • #11,478
  • Jul 22, 2024 1:29pm Jul 22, 2024 1:29pm
Quoting AlxT
{quote} Ah, I hope for an 78usd next ... I hope for a 77usd actually... Any thoughts?
We have a fascinating confluence of support here in the $78 zone. Monthly Weekly and Daily! This is so funny.
Be humble or be humbled.
  • #11,479
  • Jul 22, 2024 2:09pm Jul 22, 2024 2:09pm
https://www.tradingview.com/chart/CL...ing-Crude-Oil/
  • #11,480
  • Jul 24, 2024 3:06am Jul 24, 2024 3:06am
going long
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