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WTI Crude Oil Trading

Quoting Jolita
{quote} Daily - $76 then $69 +/- spread which around 40. Weekly - $74 if continue lower then possible $64 Monthly $95 next up
Nice day, $76 achieved.
Closed 1/2 trades.
Ema' crossing, oild will be pushed lower
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$74 also achieved, this was super fast delivery.

Now can't decide whether to close my short and place a long trade.
Any thoughts?
Drop caused by recession fears.
Quoting Jolita
$74 also achieved, this was super fast delivery. Now can't decide whether to close my short and place a long trade. Any thoughts? Drop caused by recession fears.

price has retraced to the saudi production cut news first of the month so may bounce but dont think it will be a high bounce since price has a date with the march lows on the daily chart
Quoting Zebi
{quote} price has retraced to the saudi production cut news first of the month so may bounce but dont think it will be a high bounce since price has a date with the march lows on the daily chart
Thanks.
Added short, as I think there is space lower.
Quoting Jolita
{quote} Thanks. Added short, as I think there is space lower.
Bounce here at $74.
Be humble or be humbled.
Crude Is Trading In Box Range
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Watch Out Levels For Trading : https://stockmarketdailycharts.blogs...m/p/crude.html
Quoting Temujin
{quote}

Bounce here at $74.
4h and daily lower Emas moving slowly towards cross overs - golden cross.
Weekly EMA 200 $73.19, while lower Donchian down $64.39.
Holding to my sells for now.
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Back on truck.
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Thank you for sharing. This is my analysis:
Overview: up
it is forming an N wave
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Quoting Zebi
{quote} price has retraced to the saudi production cut news first of the month so may bounce but dont think it will be a high bounce since price has a date with the march lows on the daily chart

right on time...should see march lows in a couple weeks
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thats my target on my shorts
Below 71.55 to 68.75
Resistance 73.85
closed my shorts...hope to bounced to 74 and ill reshort there...going long small size for the bounce
Quoting Zebi
closed my shorts...hope to bounced to 74 and ill reshort there...going long small size for the bounce
Good trading! Holding my last one, EMA's crossing on 4hr and Daily.
Closed last short as well, nice pips just like that
Long opened.
Long here at $71
Be humble or be humbled.
"The trend is your friend, until the end when it bends."

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cheers,
"the public is not yet ready for it" W.D. GANN
Quoting Temujin
Long here at $71
Would be nice to see small retracement to $73, if support holds.
Weekly is tempting to reach $65ish.
Sorry for the late following up. Here is my current view:

On weekly time frame:
- Price is below the cloud
- Chinkou is under price
Overview: Bearish

On daily time frame:
- Price needs to go out of the cloud to be clear downtrend continuing
- Chinkou is right above the price. It needs to close below the price in order to confirm downtrend
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Quoting Jolita
{quote} 4h and daily lower Emas moving slowly towards cross overs - golden cross. Weekly EMA 200 $73.19, while lower Donchian down $64.39. Holding to my sells for now. {image} {image}

Madness, $64 and below was touched at opening, and up it goes.
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