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WTI Crude Oil (TRENDSURFING - with the help of the model) 485 replies

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WTI Crude Oil Trading

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my price targets are between 62.74 - 63

i'm seeing cup and handle and an ab=cd .

i'll probably close most of my position before the storage number tomorrow.
In tea leaves we trust!
WTI went up $1,58 today with a very high ATR that produced 3 excellent trades.
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Quoting Hutch
WTI went up $1,58 today with a very high ATR that produced 3 excellent trades. {image}
WD, its been strong of late : )
If it works for you, run with it. Beware the ides of March : )
WTI went down $1.41 today with a very high ATR that produced only winning trades but better on the down side.
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Quoting Hutch
WTI went down $1.41 today with a very high ATR that produced only winning trades but better on the down side. {image}
Finger on the trigger, but all good so far. : )
If it works for you, run with it. Beware the ides of March : )
#BRENT / H4
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Crude couldn't stay up above the $60 handle this week. While OPEC is cutting supply, there's still a lot of uncertainty about when demand will return to pre-pandemic levels. Regardless, it's safe to say prices are somewhat stabilizing. OPEC has handled this recovery well (besides the oil price war with Russia ).
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We must learn who is gold, and who is gold plated
WTI went down $1.25 or 2% today with a high ATR that produce so many up/down moves that I had to change the bricks size to trade properly.
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Quoting Ayax.TSS
#BRENT / H4{image}
Interesting chart, thanks, a bear trap caught a few out earlier in the week., I'll stay with it, tho out for now, had a great run up from 50.00. Taking a breather, I would say, before next run up. Will be the winner at least in the first half this year. Petrol prices have jumped sharply this week, local (Australia), no shock there.
If it works for you, run with it. Beware the ides of March : )
Crude starting the week off strong after a pullback late last week.

Daily:
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15M:
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We must learn who is gold, and who is gold plated
WTI went up $3.16 today with an extremely high ATR that basically produced one excellent trade on the up side. The first arrow indicating a false signal because the FxBay MACD was positive.
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Yes WTI riding on what now is a one year high, all good, with more to come I believe. Well done Hutch and EventsTrader, and others on it. : )
If it works for you, run with it. Beware the ides of March : )
Heading back to $59.25...
Quoting Mcbeaners
{image} my price targets are between 62.74 - 63 i'm seeing cup and handle and an ab=cd . i'll probably close most of my position before the storage number tomorrow.
this one was a bust. let's try again. i'm long from 60.83ish looking for 65.62 ish by the end of day 25th feb
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In tea leaves we trust!
it seems they like oil around $62 or just below
WTI went down 99¢ or 2% today again with an extremely high ATR that produced many good trades, a break even trade (second arrow) and a losing trade (third arrow).
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I'm beginning to wonder how high crude will go. Since Russia and Opec agreed to play nice last November, it's been in rally mode.
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We must learn who is gold, and who is gold plated
Quoting Mcbeaners
{quote} this one was a bust. let's try again. i'm long from 60.83ish looking for 65.62 ish by the end of day 25th feb {image}
internals say "i'm going higher".
In tea leaves we trust!
Quoting EventsTrader
I'm beginning to wonder how high crude will go. Since Russia and Opec agreed to play nice last November, it's been in rally mode. {image}
I think crude is going up because of the expectation that covid will be beaten but with 500k dead in the US I have my doubts.
WTI went up $2.27 today with an extremely high ATR that produced 5 good trades but also 2 losing trades. Good trading day but far from the best.
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