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Attachments: WTI Crude Oil Trading
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WTI Crude Oil Trading

Quoting FT.Trader
{quote} out 77.92. Looking to reload 77.40 Still Long UCO
out UCO
I made a mistake...
I bought $85 worth by mistake...a mistake that yielded -$2.55 loss
I would have been down thousands...lucky
Long 77.07
add 76.96
target around 77.40
Out 77.20
Quoting FT.Trader
Long 77.07 add 76.96 target around 77.40 Out 77.20
Looks to be topping out again.
Be humble or be humbled.
Quoting Temujin
{quote} Looks to be topping out again.
i don't like the way it's trading
sidelines mode for me
Quoting Temujin
{quote} Looks to be topping out again.
WTI has some support at the 200 sma
Quoting FT.Trader
{quote} WTI has some support at the 200 sma
$75 yes you're right. They will sell it off before the NY open tomorrow.
Be humble or be humbled.
I figured why prices have been pinned despite a 12 million barrel build up; the Chinese had a big rate cut to stimulate thier economy and the Hang Seng has been up 7 days in a row. They think eventually draw downs will appear again because of the CCP buying oil.
Be humble or be humbled.
Lower high, looks to be turning down to $74.
Supported with the Saudis holding back a million barrels a day and China rate cuts with the 40 billion $ stimulus package.
Be humble or be humbled.
DEmand is picking up, China flights at the peak highs, inventories tom.
I would think $77.39 and go for $80 and $82.00.
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Been up for a month now. I think the market is getting tired on inventory builds.
Looking to short it here to $75.
Be humble or be humbled.
[quote=Jolita;14772838]DEmand is picking up, China flights at the peak highs, inventories tom. I would think $77.39 and go for $80 and $82.00.{image}[/quote

Nice but slowww.
Closed my few positions. Left one running open for $82, maybe higher, will see.
[quote=Jolita;14777576]
Quoting Jolita
DEmand is picking up, China flights at the peak highs, inventories tom. I would think $77.39 and go for $80 and $82.00.{image}[/quote Nice but slowww. Closed my few positions. Left one running open for $82, maybe higher, will see.
$80 hit and then it backed off. Let's see for next week.
Be humble or be humbled.
Definitely going to be oil up, stocks down with that 2 million barrel cut until the end of June. Just another expense becoming more expensive.
Be humble or be humbled.
Looking like a buy the rumor, sell the news event. Big round number looking like $80.because the rest of the market is tanking.
Be humble or be humbled.
WTI is back in the race
Quoting Jolita
WTI is back in the race
Maybe $83 once it can get past this $80 barrier. We will see how the non farm payrolls affects it. Dollar is still down but volatility is rising. Every dip is buy for sure.
Be humble or be humbled.
Quoting Temujin
{quote} Maybe $83 once it can get past this $80 barrier. We will see how the non farm payrolls affects it. Dollar is still down but volatility is rising. Every dip is buy for sure.

Looks like key areas for long tp $80 - $82 and $85
sell between $78-$75.

Yesterdays data from CME
Attached File(s)
File Type: pdf OpenInterest.pdf   115 KB | 116 downloads
Added levels

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I will not favour price to go below $78, this is hourly
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What oil is doing since beginning of this year is almost unprecedented, its the definition of chaos and randomness. This asset went from the best to the worst in blink of an eye. There is not a strategy for it, daytraders are focked, swing traders focked, even range traders are focked because it tends to break range only to come back immediately instead of following the break. The amount and size of wicks on daily bars is insane.
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