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Crude Oil Inventories data 9 replies

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Crude Oil

  • #461
  • Quote
  • Apr 2, 2023 8:22pm Apr 2, 2023 8:22pm
Quoting Erebus
{quote} Where did you say the stop profit was at?
someone needs to read to me LOL...sorry i misread your question. thought you asked my stoploss. its 88 and tp 's are 73,69 and 67. i feel we'll retrace the advance from march 17
short trump and go long the deepstate
  • #462
  • Quote
  • Apr 3, 2023 5:01am Apr 3, 2023 5:01am
Wait for pullback to up-sloping trendline...entry around ~$76-$76.50. Double up once price clears ~$83.50. This is a long term trade in crude...
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  • #463
  • Quote
  • Edited 8:48am Apr 3, 2023 7:17am | Edited 8:48am
Short position added.
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2nd attempt

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Terrible market dynamic.
  • #464
  • Quote
  • Edited 8:12am Apr 4, 2023 7:57am | Edited 8:12am
Crude seems to be a bit overpriced. What do you think?

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Cool move
Opened short on MCL. Ideal target would be daily VWAP ~80.93.
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  • #465
  • Quote
  • Apr 9, 2023 3:08pm Apr 9, 2023 3:08pm
For H4 traders:
Buy stop: 82.803
ISL: 78.893
TP 1: 85.204
TP 2: 87.674

For the next week we are risk on and that includes being long commodities aka Crude oil.
Also COT data's rate of change shows that Non-commercials are extremely bullish on WTI. I use the set and forget buy stop order to let the market come to me.
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  • #466
  • Quote
  • Apr 10, 2023 4:44am Apr 10, 2023 4:44am
H4 with DeMark's indy&Stoch
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imo 79th-81.50th is a range that has to be broken somehow
then...
dolce vita
  • #467
  • Quote
  • Apr 11, 2023 12:58pm Apr 11, 2023 12:58pm
short QM 81.40
short trump and go long the deepstate
  • #468
  • Quote
  • Apr 12, 2023 10:32am Apr 12, 2023 10:32am
short QM 82.60
short trump and go long the deepstate
  • #469
  • Quote
  • Apr 26, 2023 9:46pm Apr 26, 2023 9:46pm
Quoting Zebi
{quote} I was just about to post the news LOL. Im liking my shorts better than ever. I'll short the last 3 micro future contracts tonight and tomorrow since the runup already took the news into account LOL....BUY THE RUMOR,SELL THE NEWS as they say ..we'll see if being a contrarian pays off again
price ALWAYS retraces to the point of the news event LOL
short trump and go long the deepstate
  • #470
  • Quote
  • Apr 26, 2023 9:47pm Apr 26, 2023 9:47pm
Quoting Zebi
{quote} someone needs to read to me LOL...sorry i misread your question. thought you asked my stoploss. its 88 and tp 's are 73,69 and 67. i feel we'll retrace the advance from march 17

tightening up my trailing stop
short trump and go long the deepstate
  • #471
  • Quote
  • Apr 26, 2023 9:49pm Apr 26, 2023 9:49pm
Quoting Zebi
short QM 81.40
lovely
short trump and go long the deepstate
  • #472
  • Quote
  • Apr 26, 2023 9:50pm Apr 26, 2023 9:50pm
Quoting Zebi
short QM 82.60

even lovelier LOL
short trump and go long the deepstate
  • #473
  • Quote
  • Apr 26, 2023 9:51pm Apr 26, 2023 9:51pm
youll never go broke fading the news LOL


love it that my system beat the saudis...hope they cut back even more production then we'll see 66 in a week or two otherwise price will gyrate and thrash around for a month before nailing the march lows ...im still short gold but thats more stubborn than oil about gettin down to the saudi announcement
short trump and go long the deepstate
  • #474
  • Quote
  • Apr 26, 2023 10:54pm Apr 26, 2023 10:54pm
Quoting irontrade58
One gap up brings us to the best place to short the crude future and hold them for days or weeks.
As usual, they pushed the price up in 12 April to stop out shorts before dropping like a stone
  • #475
  • Quote
  • Apr 27, 2023 11:27am Apr 27, 2023 11:27am
i closed all my shorts...this iran tanker situation gona give price a kneejerk pop
short trump and go long the deepstate
  • #476
  • Quote
  • Apr 27, 2023 11:30am Apr 27, 2023 11:30am
gona start shorting at and above 77....what a coincidence these iranians seizing a tanker just when price was about to fall to 66 within a week LOL...maybe the saudis will cut more production so oil can fall even lower to 45 like the monthly charts say
short trump and go long the deepstate
  • #477
  • Quote
  • Apr 27, 2023 11:45am Apr 27, 2023 11:45am
went long oil 74.60 st at todays low
short trump and go long the deepstate
  • #478
  • Quote
  • Apr 27, 2023 11:54am Apr 27, 2023 11:54am
i dont believe for a second iran snatched this tanker in international waters..more likely the tanker drifted into their waters on purpose to cause a price jump but will be temporary like the production cut and all this means we'll prolly see lower lows than just the march ones from the snapback...which im all for
short trump and go long the deepstate
  • #479
  • Quote
  • Apr 28, 2023 11:36am Apr 28, 2023 11:36am
Quoting Zebi
went long oil 74.60 st at todays low

I got stopped out in the middle of the night and got back in the morning at 8 am my time and closing my longs....time to start looking for shorts....price may reach 77 which is where ill start shorting up to 79...id rather take the money now than watch price thrash and squirm around and may drift up to 77 and give me all kinds of stress LOL....price shud be below the march lows in 2 to 3weeks
short trump and go long the deepstate
  • #480
  • Quote
  • Apr 28, 2023 9:43pm Apr 28, 2023 9:43pm
https://www.energyexch.com/news/1218...-in-oil-prices

https://www.energyexch.com/news/1218...ising-to-90-by

sounds like a bunch of tripe...ill be shorting next week
short trump and go long the deepstate
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