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Attachments: WTI Crude Oil Trading
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WTI Crude Oil Trading

Quoting sharingan9
{quote} Buying against where the direction indicated by value should be short scalps because value was perceived as lower prices. Shorting would have been a better option in terms of value. {image}

Yeah WTI dipped a cpl from when I posted, back to where we started from..Precious on a bit a run from 1660, good luck to it.

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“Before I speak, I have something important to say.”
Quoting yani38
{quote} Yeah WTI dipped a cpl from when I posted, back to where we started from..Precious on a bit a run from 1660, good luck to it. {image}
Big day ahead with the Fed expected to hike 75 basis points. Maybe a move lower in commodities and then a sell-off on the dollar to bring gold, oil and everything else up.
Be humble or be humbled.
[quote=Temujin;14145846]{quote} Big day ahead with the Fed expected to hike 75 basis points. Maybe a move lower in commodities and then a sell-off on the dollar to bring gold, oil and everything else back up.
Be humble or be humbled.
[quote=Temujin;14145848]
Quoting Temujin
{quote} Big day ahead with the Fed expected to hike 75 basis points. Maybe a move lower in commodities and then a sell-off on the dollar to bring gold, oil and everything else back up.
Yeah, certainly not inspiring atm, but within range. Still buying the dips?


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“Before I speak, I have something important to say.”
[quote=yani38;14146373]
Quoting Temujin
{quote} Yeah, certainly not inspiring atm, but within range. Still buying the dips? {image}
After the rate hike no more buying until $76 for me. I do not trust it.
Be humble or be humbled.
[quote=Temujin;14148853]
Quoting yani38
{quote} After the rate hike no more buying until $76 for me. I do not trust it.
Look how the data is changing also; from big draw to draw to oh wow less of a build than we expected. Bearish inventory weekly now.
Be humble or be humbled.
[quote=Temujin;14148858]
Quoting Temujin
{quote} Look how the data is changing also; from big draw to draw to oh wow less of a build than we expected. Bearish inventory weekly now.
Hey, im new on the WTI, does bearish inventory mean a price drop? I thought it would value if there is less inventory.
[quote=Blazed;14150169]
Quoting Temujin
{quote} Hey, im new on the WTI, does bearish inventory mean a price drop? I thought it would value if there is less inventory.
If weekly inventory on the barrel count is more than what analysts expect then it is bearish for WTI because there is a build up which shows less demand, less consumption and so the price goes lower.
Vice versa for bullish trends. Other effects on oil are geopolitical, like war. OPEC production cuts or boosting production to meet demand and/or bring prices a bit lower and more stable are other factors.
Be humble or be humbled.
Quoting Jolita
Bearish flag / bearish continuation. Will look to sell higher. {image}

Again, worked as per bearish flag template. Resistance becomes support shortly. Guys are pressing this to the ground, otherwise everything will crash.
Just a start today.
Quoting yani38
{quote} Yeah WTI dipped a cpl from when I posted, back to where we started from..Precious on a bit a run from 1660, good luck to it. {image}

“Before I speak, I have something important to say.”

Cant wait to hear!
Oil has REAL value, stocks who knows what they are really worth.
Be humble or be humbled.
Futures open in 3 minutes. Lots of Fed speakers this week affecting the dollar. Going to be a very volatile week.
Be humble or be humbled.
Quoting Jolita
{quote} “Before I speak, I have something important to say.” Cant wait to hear!
I'm a bit shy.

[quote=Temujin;14148853]
Quoting yani38
{quote} After the rate hike no more buying until $76 for me. I do not trust it.
Good one buddy, a wise decision as it turned out. : ) Same you J, re staying short : )

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“Before I speak, I have something important to say.”
[quote=yani38;14153745]{quote} I'm a bit shy.
Quoting Temujin
{quote} Good one buddy, a wise decision as it turned out. : ) Same you J, re staying short : ) {image}
Ahh, I get it now! I took as you have something important to tell as.

I don't have any trades atm, watching WTI. Was tempting to long last night $76-75 level, but held, trucky middle level can go any way.
Saved this recommendation shared on twitter yesterday, pretty good prediction
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What are your thoughts for next step, will the price be pushed lower on US India price cap?

Temujin, yes you were right on $76 beeing strong support.

Gold at nice low level.

Yani, hope you are enjoying spring time .
Getting cold in the UK, leaves are falling, love in it.
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