bias for today is long , until trendline is broken to the down side
3
Reliable broker for Crude Oil trading 20 replies
making money intraday CL/WTI/OIL - no overnight holds 13 replies
WTI Crude Oil (TRENDSURFING - with the help of the model) 634 replies
Trading Oil WTI to get back all! 18 replies
Hedge WTI and Brent Oil 1 reply
DislikedLonger term volume starting to look quite bearish imo but still room for a quick shift If you believe in spooky time lines a turn on 29th +/- is indicated so any time now Good luckIgnored
Disliked{quote} Overnight trade worked out, I'm bullish for the longer term for now Buy the dip? support 55.27 bearish below this level, nearer term support 55.38 Oil news 3:30 uk time Spooky time line seems to have kicked in Good luck {image}Ignored
The weekly report published by the US Energy Information Administration (EIA) revealed that commercial crude oil inventories in the US decreased by 10 million barrels in the week ending August 23 compared to market expectation for a decline of 2.1 million barrels.
With the initial market reaction, the barrel of West Texas Intermediate rose to a daily high of $56.70 but retreated slightly. As of writing, the WTI was up 1.35% on the day at $56.50.
Key takeaways from the press release
"Crude oil imports averaged 5.9 million barrels per day."
"Refineries operated at 95.2% of their operable capacity last week."
"Gasoline production increased last week, averaging 10.7 million barrels per day."
Disliked{quote} Already got a big movement since yesterday (API numbers) and conflicting data see my zerohedge articleIgnored