• Home
  • Forums
  • News
  • Calendar
  • Market
  • Login
  • Join
  • User/Email: Password:
  • 9:31pm
  • Search
Menu
  • Forums
  • News
  • Calendar
  • Market
  • Login
  • Join
  • 9:31pm
Search
Sister Sites
  • Metals Mine
  • Crypto Craft
  • Forex Factory

Options

Search
Search
Search

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

  • Interactive Trading
  • /
  • Reply to Thread
  • Subscribe
  • 1,886
Attachments: WTI Crude Oil Trading
Exit Attachments

WTI Crude Oil Trading

  • Last Post
  •  
  • 1 156157Page 158159160 273
  • 1 Page 158 273
  •  
  • Post #3,141
  • Quote
  • Edited at 4:33pm Aug 12, 2019 4:22pm | Edited at 4:33pm
  •  sponge
  • Joined Apr 2018 | Status: Member | 1,425 Posts
Looks like Friday's high is resisting at 54.79

I think we could go 55.30, if this breaks 57 is on the cards I think

Sub 54.47 would stick a spoke in the bull wheel imo

Off to watch Poldark
All charts/ideas based on UK time zone
3
  • Post #3,142
  • Quote
  • Aug 12, 2019 5:36pm Aug 12, 2019 5:36pm
  •  timingchain
  • Joined Nov 2014 | Status: Member | 579 Posts
Attached Image (click to enlarge)
Click to Enlarge

Name: wti_h4_20190812.png
Size: 67 KB
4
  • Post #3,143
  • Quote
  • Aug 13, 2019 4:48am Aug 13, 2019 4:48am
  •  sponge
  • Joined Apr 2018 | Status: Member | 1,425 Posts
Quoting sponge
Disliked
Looks like Friday's high is resisting at 54.79 I think we could go 55.30, if this breaks 57 is on the cards I think Sub 54.47 would stick a spoke in the bull wheel imo Off to watch Poldark
Ignored
A few scalps today, still watching 55.30 for a break

Good luck
Attached Image
All charts/ideas based on UK time zone
4
  • Post #3,144
  • Quote
  • Aug 13, 2019 7:04am Aug 13, 2019 7:04am
  •  Ll1979
  • Joined Dec 2008 | Status: Member | 1,966 Posts
WTI fails to resist above $ 55 mark ahead of API data
13 August 2019, 13:10

 

  1. Oil weaker amid demand concerns, a potential rise in the US crude output.
  2. Global growth concerns-led risk aversion also keeps the upside in check.
  3. Markets await fresh US API Crude Stock data for fresh directives.

WTI (futures on Nymex) broke its Asian upside consolidation phase in Europe and reached fresh five-day highs at 55.28 before reversing sharply to now trade back below the 55 handle.

Risk-off dominates, drags down higher-yielding oil

The black gold failed to sustain another attempt above the 55 mark, as the bears returned amid a renewed bout of risk-aversion that gripped the European markets and dented the demand for the risk assets such as oil.

Poor German and Eurozone ZEW surveys aggravated the ongoing global economic growth concerns, eventually clouding the oil demand outlook and collaborating the latest leg down in the barrel of WTI.

Further, expectations of rising US output continue to undermine the sentiment around oil. The Energy Information Administration (EIA) showed in its latest forecast report, the US oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September to a record 8.77 million bpd, Reuters reports.

The immediate focus now shifts towards the American Petroleum Institute’s (API) weekly Crude Stock data, due at 2030 GMT, for fresh trading impetus, In the meantime, the commodity will remain at the mercy of the risk trends.

persistence and determination alone are omnipotent
3
  • Post #3,145
  • Quote
  • Aug 13, 2019 7:21am Aug 13, 2019 7:21am
  •  sponge
  • Joined Apr 2018 | Status: Member | 1,425 Posts
Smaller frames look a bit bearish at the moment
All charts/ideas based on UK time zone
1
  • Post #3,146
  • Quote
  • Aug 13, 2019 9:53am Aug 13, 2019 9:53am
  •  sponge
  • Joined Apr 2018 | Status: Member | 1,425 Posts
Crapped out what a break

57 still poss but I still have a neg slant on the smaller frames...not complaining
Attached Image
All charts/ideas based on UK time zone
2
  • Post #3,147
  • Quote
  • Aug 13, 2019 10:26am Aug 13, 2019 10:26am
  •  Ll1979
  • Joined Dec 2008 | Status: Member | 1,966 Posts
Quoting sponge
Disliked
Crapped out what a break 57 still poss but I still have a neg slant on the smaller frames...not complaining {image}
Ignored
meanwhile @ the sponse residence
Attached Image
persistence and determination alone are omnipotent
2
  • Post #3,148
  • Quote
  • Aug 13, 2019 11:05am Aug 13, 2019 11:05am
  •  sponge
  • Joined Apr 2018 | Status: Member | 1,425 Posts
Anyone think oil is heading into a huge bull market ?

I think a break of the downward trend line around 57.50 could kick start it

maybe tomorrow's news will give a hint
Attached Image (click to enlarge)
Click to Enlarge

Name: Image1.png
Size: 27 KB
All charts/ideas based on UK time zone
3
  • Post #3,149
  • Quote
  • Aug 13, 2019 11:37am Aug 13, 2019 11:37am
  •  Ll1979
  • Joined Dec 2008 | Status: Member | 1,966 Posts
Quoting sponge
Disliked
Anyone think oil is heading into a huge bull market ? I think a break of the downward trend line around 57.50 could kick start it maybe tomorrow's news will give a hint {image}
Ignored
News regarding trade deal boosted USD + OIL anything is possible
persistence and determination alone are omnipotent
2
  • Post #3,150
  • Quote
  • Aug 13, 2019 5:04pm Aug 13, 2019 5:04pm
  •  timingchain
  • Joined Nov 2014 | Status: Member | 579 Posts
A euphoric surge today, but the larger downtrend from October remains intact.
Attached Image (click to enlarge)
Click to Enlarge

Name: wti_h4_20190813.png
Size: 68 KB
2
  • Post #3,151
  • Quote
  • Aug 13, 2019 5:05pm Aug 13, 2019 5:05pm
  •  timingchain
  • Joined Nov 2014 | Status: Member | 579 Posts
Quoting sponge
Disliked
Crapped out what a break 57 still poss but I still have a neg slant on the smaller frames...not complaining {image}
Ignored
Terrific !
2
  • Post #3,152
  • Quote
  • Aug 14, 2019 1:15am Aug 14, 2019 1:15am
  •  Ll1979
  • Joined Dec 2008 | Status: Member | 1,966 Posts
United States API Weekly Crude Oil Stock climbed from previous -3.4M to -2.19M in August 9
persistence and determination alone are omnipotent
3
  • Post #3,153
  • Quote
  • Aug 14, 2019 2:59am Aug 14, 2019 2:59am
  •  Goat
  • Joined Jan 2009 | Status: Member | 385 Posts
Looks like some heavy data coming out tomorrow. The technical analyst in me looks at this economic chart and thinks we could have a surprise to the upside... last week was positive, and we usually get multiple positive months in a row.
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot1.png
Size: 13 KB


That would be bad for oil prices.... and bad for my long position. But I can't bank on my crack analysis so I'm sticking to what I know.
3
  • Post #3,154
  • Quote
  • Aug 14, 2019 10:34am Aug 14, 2019 10:34am
  •  Ll1979
  • Joined Dec 2008 | Status: Member | 1,966 Posts
#crude +1.6 million barrels; at 440.5 mln are +3% to 5-year average for period
#gasoline -1.4 mln bbls, +4% to 5-yr avg
#distillate -1.9 mln bbls, -3% to 5-yr avg
#propane +3.2 mln bbls, +9% vs 5-yr avg
persistence and determination alone are omnipotent
3
  • Post #3,155
  • Quote
  • Aug 14, 2019 12:31pm Aug 14, 2019 12:31pm
  •  Ll1979
  • Joined Dec 2008 | Status: Member | 1,966 Posts
Small long nasdaq around pivot point
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot_20190814-182945_MetaTrader 4.jpg
Size: 500 KB
persistence and determination alone are omnipotent
2
  • Post #3,156
  • Quote
  • Aug 14, 2019 12:56pm Aug 14, 2019 12:56pm
  •  Ll1979
  • Joined Dec 2008 | Status: Member | 1,966 Posts
Quoting Ll1979
Disliked
Small long nasdaq around pivot point {image}
Ignored
Sl hit
persistence and determination alone are omnipotent
2
  • Post #3,157
  • Quote
  • Aug 14, 2019 3:41pm Aug 14, 2019 3:41pm
  •  sponge
  • Joined Apr 2018 | Status: Member | 1,425 Posts
Looks like the bulls got slaughtered today

55.30 still a key level for me
All charts/ideas based on UK time zone
3
  • Post #3,158
  • Quote
  • Aug 14, 2019 5:02pm Aug 14, 2019 5:02pm
  •  timingchain
  • Joined Nov 2014 | Status: Member | 579 Posts
Yesterday: greed; today: fear.
Attached Image (click to enlarge)
Click to Enlarge

Name: wti_h4_20190814.png
Size: 73 KB
4
  • Post #3,159
  • Quote
  • Aug 14, 2019 11:41pm Aug 14, 2019 11:41pm
  •  helgastrxd
  • Joined Jul 2013 | Status: Member | 135 Posts
Quoting sponge
Disliked
Looks like the bulls got slaughtered today 55.30 still a key level for me
Ignored
I think the bulls are in for a routine whipping.
2
  • Post #3,160
  • Quote
  • Aug 15, 2019 12:53am Aug 15, 2019 12:53am
  •  Ll1979
  • Joined Dec 2008 | Status: Member | 1,966 Posts
Looking for a breakout scalp long (5M)
Attached Image (click to enlarge)
Click to Enlarge

Name: Image1.png
Size: 39 KB
persistence and determination alone are omnipotent
4
Thread Tools Search this Thread
Show Printable Version Show Printable Version
Email This Thread Email This Thread
Search this Thread:

Advanced Search

  • Interactive Trading
  • /
  • WTI Crude Oil Trading
  • Reply to Thread
    • 1 156157Page 158159160 273
    • 1 Page 158 273
3 traders viewing now
  • More
Top of Page
  • Facebook
  • Twitter
About EE
  • Mission
  • Products
  • User Guide
  • Blog
  • Contact
EE Products
  • Forums
  • Calendar
  • News
  • Market
EE Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow EE
  • Facebook
  • Twitter

EE Sister Sites:

  • Metals Mine
  • Crypto Craft
  • Forex Factory

Energy EXCH™ is a brand of Fair Economy, Inc.

Terms of Service / ©2019