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kvellimalai May 12, 2011 5:38pm | Post# 1

WTI Crude Oil Trading
Hi All,
Is anyone trading OIL-WTI? I did a complete search and couldn't find any thread dedicated to WTI trade. Any good strategy or EA for this is most welcome. I am a learner trader only and not an expert to provide any method...


vasi Dec 31, 2011 6:09am | Post# 2

CBS Evening News: Iran to test long-range missiles
CBS Evening News: Iran to test long-range missiles

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ccreative Feb 23, 2012 2:12pm | Post# 3

whats make difference between wti and brent? I'm not talking brent is in london and wti is in new york.

jezek5 Feb 23, 2012 2:15pm | Post# 4

whats make difference between wti and brent? I'm not talking brent is in london and wti is in new york.

WTI is light sweet crude,needs less refining.
Brent is heavy and sour ,although i can't say i've
ever tasted either.

joemilly Mar 1, 2012 11:03pm | Post# 5

Crude OIl
Discussion about crude oil sound interesting here .......i just switched off from currency trading to crude oil since december last year...since then i found out crude oil is more fun rather than ccy...lets discuss here as im still learning abt the behaviour of crude oil.....

tom82 Mar 3, 2012 9:34pm | Post# 6

Trade WTI on demo / practice accounts that brokers provide.

Cosmin Ruse Mar 7, 2012 10:26am | Post# 7

1 Attachment(s)
Gold has struggled since last week’s sell-off which followed Ben Bernanke’s testimony to Congress. The Federal Reserve Chairman made no mention of further asset purchases, suggesting that QE3 is unlikely in the near-future. Greece is back in the headlines ahead of the PSI deadline on tomorrow. In addition investors were unnerved after a report showed that Chinese imports of gold from Hong Kong fell 15% month-on-month in January. Selling intensified once gold broke below its 50 and 100-day moving averages (DMA) around $1,690. Gold is now hovering around its 200-DMA near $1675. This also marks the 38.2% Fibonacci retracement of the September-December sell-off. A close below here increases the danger of a pull-back to $1,616 – the 23.6% Fib retracement. Then a retest of December’s lows becomes a distinct possibility, especially if Greece’s debt swap with private bondholders ends in failure, leading to a broad-based “risk” sell-off.

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femisola Apr 5, 2012 2:05am | Post# 8

powermatrix Feb 15, 2013 6:21am | Post# 9

I would like to know is there any relation between the EURUSD and the WTI rates ??

555 Feb 20, 2013 9:56am | Post# 10

I'll try this: Sold WTI 97.10 with stop at 98.25 and initial target around 90

powermatrix Feb 20, 2013 10:32am | Post# 11


Will Fibonacci Retracements work on WTI Crude Oil ??

What are the factors to be seen before entering and existing a trade ??? and what data affect WTI Crude oil price ??

555 Feb 20, 2013 11:50am | Post# 12

I'll try this: Sold WTI 97.10 with stop at 98.25 and initial target around 90
It's moving nice ... i'll move stop now to breakeven

555 Mar 4, 2013 3:03am | Post# 13

It's moving nice ... i'll move stop now to breakeven
Ok ... Take profit here 90.20 ad wait for a pullback ... i'm not sure if it will close right now from the here the gap left open on 26 Dec 2012 or from a higher level ... I'll wait NY to find out ...

IngmarMattus Mar 10, 2013 3:51pm | Post# 14

Crude oil's seasonal price rise starts usually at the end of February. I would not be a big seller here as the printing presses are still working at full capacity.

555 Mar 12, 2013 11:45am | Post# 15

Resume the trend ... Sell WTI here 92.80 - 93 ... with stop at 93.50 and target around 88 (even below).

muhiuddin Apr 9, 2013 7:29am | Post# 16

Is there any site that give daily technical analysis / forcast of WTI Crude Oil. ? thanks

555 May 3, 2013 6:07am | Post# 17

Sell here 94.10 with stop at 94.70 ... and target under 90.00

Dr.Trade May 6, 2013 10:52am | Post# 18

On the weekly chart of Crude Oil, trend lines are forming a symmetrical triangle that is indicative of a period of consolidation during an uptrend or a downtrend.

Now Oil is trading on upper trendline at around 96.60 however keeping an eye on price action in this area, we notice a loss of bullish momentum indicates that the potential trend reversal would likely be seen.

Weekly chart:

mystic May 6, 2013 6:59pm | Post# 19

Dr Trade. I like your analysis. I'm also positioned like you, expecting a fall down to around 88 over the next month or so.

shax May 7, 2013 6:02am | Post# 20

hello Dr.Trade

there are a few sites which are expecting oil to breakout soon on the upside to go at least $105, though last week or so im not sure
if you read goldman sachs statement that they first were expecting oil to hit 105 by the end of the year but now they have cut down there targets for brent and WTI. now they are expecting $105 for brent from 110. but they havn't mentioned about WTI. So keeping in mind that there is always a gap of 8-10$ between brent and wti we should now see a fall. because brent has been trading in 105 -105.50 range for the past 2 days.

what my concern is even though goldman is a market manipulator as we all know what happened with gold a few weeks back. if goldman is right we can see another big fall in Oil but we also saw that oil and gold have been moving togather so does that mean a fall in gold aswell??

what do you suggest, Should i long my sell position in oil? i made a few $$ from 97 sell but closed it early. though i still expect a jump to 96.60 again before it starts to fall. it is at tricky place if you see RSI-Weekly, it does have the potential to move upwards before it falls.

let me know your opinion.

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