WTI Crude Oil Trading

looking for wti to trade 80 - 90 by end Mar 2018

get on board - its still not too late even after the huge move today - still only 57s/62s for wti/brent - plenty more to go to 80+

What's the best broker to use for trading brent/wti and minimum required to buy a lot, been trading forex for awhile looking to hop into oil before it's to late

NYMEX CRUDE OIL
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Today is the last trading day on Dec 17 contract. Next delivery month is Jan18.





https://twitter.com/ADFINANCIALCORP/...96876288897024

Any active WTI traders? I ask as I would like to begin to trade this instrument this coming week.

Oil at 2014 highs

Last week, oil prices reached their highest level since 2014 due to the worsening situation in the middle East. The last time geopolitics so strongly influenced the commodity segment during the "Arab spring" at the beginning of this decade.

The Brent reached $73, more than doubling its price from the beginning of 2016. But continued it rise? Considering that America and its allies are bombing Syria, from Yemen to the Saudis to fly rockets, and sanctions hurt the Russian raw companies (however, metallurgical and non-oil) — political risks are definitely dominating the market of black gold. Add here the upcoming us sanctions against Iran next month, and it becomes clear why the bulls have intensified.

With regard to the fundamental realities of the market, the international energy Agency reported that OPEC (if it wishes) can already soon afford to say that its "mission is fulfilled": the fight against supply surplus by limiting production since the beginning of 2017 has helped to reduce excess reserves in the world.

But there are factors that require special attention and caution

First, at the time of the Gulf war in 1991, virtually any military confrontation that poses a threat to supplies fits into traders ' strategy of "buy more tension, sell on bombing." The fact is that the market does not like uncertainty, but as soon as hostilities begin, especially when there are small missile strikes, it brings some clarity to the market. So, if the us attacks on Syria will do without fueling a more serious confrontation, traders can take for even more active profit-taking after the rally in recent days.

Second, the us shale industry has encountered some difficulties, and in Texas barrels are traded with the largest discount on the coast, indicating a significant increase in supply. Ultimately, this oil will affect the market. So in the future, caution should be exercised when trading in black gold.
Brent oil has already fallen by one and a half percent and is now trading at $ 71.45 per barrel. WTI crude oil lost 1.33%, going down to 66.38.

OPEC and Russia to boost world production in July

link:
https://www.pipelineoilandgasnews.co...tion-from-july

Tweets of Trump pushes oil prices up

The tweets of the odious American President on the topic of OPEC and oil prices are more likely to cause unrest in the industry and push the quotes up rather than bring stability.

Such interventions of Trump lead the market into confusion and push prices up, analysts write Standard Chartered Plc Emily Ashford and Paul Horsnell. Against the backdrop of rising oil prices on the eve of the mid-November elections, Trump has three times expressed his dissatisfaction with the growing prices, but to no avail.

Two publications on Twitter last month contained a criticism of OPEC for too high prices. On June 30, Trump wrote that he persuaded the Saudi king to increase production by about 2 million barrels per day. However, later the White House denied this information. In the statements of the us President implies that the supply deficit will require the activation of all available capacity in the world, according to Standard Charted. Analysts emphasize that the latest tweet of the us leader creates the impression that the us policy relies on the free capacity of the Saudis in the context of compensating the potential supply deficit in the world.

"I just talked to Saudi king Salman and explained to him that because of the turmoil and helplessness in Iran and Venezuela, I am asking Saudi Arabia to increase oil production. Maybe 2 million barrels. Prices are too high! He agreed!, "wrote Trump.

If we evaluate the U.S. President's tweets as a political tool, it means that Washington considers an increase in production by 2 million barrels per day possible for the Saudis. But in reality, analysts write, the Kingdom may have the capacity to increase by a little more than 700 thousand barrels in the short term.

Last month, production in Saudi Arabia reached 10.3 million barrels per day, and the Bank doubts that the country can support production above 11 million barrels in 2018.

"Us diplomacy in relation to the oil market at some points in the past has been successful in the context of market stabilization, and the quieter the States behaved, the more was the success," - summed up the experts of Standard Chartered

Such a collapse in oil prices has not been observed since 2016!!!

The slaughter of bulls in the oil market continues: the price of Brent oil fell by more than 7%, the loss of WTI oil exceeded 5%.

The publication of a good report on oil reserves in the US could not neutralize the effect of news that became a surprise for market participants. The sharp increase in production in Saudi Arabia and the normalization of the situation in the ports of Libya amid concerns about the slowdown of the world economy and the impact of high oil prices on consumers caught the bulls by surprise. There were too many traders wishing to leave the recently opened long positions, and with the fall in prices, not only short-term speculators thought about profit-taking.

The reaction may seem excessive, but it's done-the strongest fall since 2016 to cool the optimism of bulls, and attention is now shifted to support in the area of $72.50/00. There is a trend line from June 2017 and 23.6% of this movement — a breakthrough below will mean the formation of a larger peak and will give impetus to further reduction of longs.

hi
oil buy stop los 63 for targets 80 & 89 & 100$

RR,

be carefully with Long - the Medium Term Delta count (red) for Crude Oil indicates a Low middle of august.

Sixer

Important levels for Crude oil, OPEC report released today expects less demand for crude oil which will be reflected in the prices in the future.

this news could provide some long term bearishness. I expect a drop to as low as 61-62 soon based on the monthly.

oil will go down but before that, it will take everyone out of the market through unwanted spikes consolidation etc LOL! I am sure that it is not going straight to the south direction.

that's a monthly chart I posted. It can go as high as 70 without a twitch in the indicators. But a straight drop is more than welcome nonetheless!

Becareful with longs on OIL in AUgust? OIL has been going through the roof!

The rise and rise of OIL since August 2018



Tell me why OIL prices are rising.

Come on RR - lets see the list
No googling...
There are two main reasons though

Sold oil