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WTI Crude Oil Trading

Quoting Kwame Freder
current up move pass 103/104 is labored unlike the bounce 97. i'm expecting it to fail and come back into range (could be wrong)
Certainly an interesting night. Good to see WTI perilously close to 107.00, currently as live chart below indicates 105/6. Talk about a wild rid re AUD/USD, original chart still in tact, 100 pips there for the taking, twice, still sitting on a solid base as referenced earlier, foundations firmly established, earthquakes aside.

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'Those are my principles, and if you don’t like them… well, I have others.'
  • Post #10,462
  • Quote
  • Edited May 12, 2022 9:20pm May 11, 2022 10:43pm | Edited May 12, 2022 9:20pm
Quoting Ayax.TSS
#CRUDEOIL / H1{image}
Interesting comparison.

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'Those are my principles, and if you don’t like them… well, I have others.'
A great night for WTI, bring on 110.00 ↑
Currently 108/9.

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'Those are my principles, and if you don’t like them… well, I have others.'
#CRUDEOIL / H4
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Quoting Ayax.TSS
#CRUDEOIL / H4{image}{image}
We touched the 50 Day MA 3 times and it was a well respected support. When that finally fails the support is the 100 Day MA at $95
Be humble or be humbled.
Sweet West Texas Crude.

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'Those are my principles, and if you don’t like them… well, I have others.'
in a bit of a no mans land threatening to go higher. IMO i don't think it will, the resistance above $110 looks solid for now. Anticipating another drop towards $99. i'll be on the sidelines until i see a rejection or a clear break of resistance.
Quoting Jolita
Remember: unfilled weekend gap remains @112.11 from end of Mar.
Gap has closed +/- spread.
My sentiment is bullish with slow continuation upwards to retest highs of 115.30 / 129 & 147.

WTI might retrace a bit within the current level, but I think we will go higher.
Bears failed to reach $90, price is more often above $100, price break out up, markets are scared, and only 6 months left to winter season.

Trade safe.

Daily and monthly.

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Staying positive
On Wednesday posible game changer. Buy until then.

https://oilprice.com/Latest-Energy-N...-Measures.html
Staying positive
Quoting Jolita
On Wednesday posible game changer. Buy until then. https://oilprice.com/Latest-Energy-N...-Measures.html
Good post J.

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'Those are my principles, and if you don’t like them… well, I have others.'
Quoting yani38
{quote} Good post J. {image}
Thanks Y

Sweety is bouncing around, can't wait for tomorrow.

Different view on Daily.
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Staying positive
Quoting Jolita
{quote} Thanks Y Sweety is bouncing around, can't wait for tomorrow. Different view on Daily. {image}
Must be some resistance at $115. This is getting scary for the rest of the market with $4 or more gas in all 50 states for the 1st time in history.
Be humble or be humbled.
Quoting Temujin
{quote} Must be some resistance at $115. This is getting scary for the rest of the market with $4 or more gas in all 50 states for the 1st time in history.
Extremely high!
Get while you can .
In London petrol is holding around £1.60 / litre, usually £1.20/ltr.

JP Morgan predicts $6 dollar in summer. Really!?

https://seekingalpha.com/news/384046...says-jp-morgan
Staying positive
ok so it dropped from the highs and dipped into 105 territory. Doubt it has the juice to go lower. expecting a bounce within the next two sessions and a return to the highs or even make new highs
Bought the dip today at $108. Will dollar cost average if it goes lower. This strategy will be easy until that day when there is a volatility shock to the equities market and everything just plummets. Coming within a couple months.
Be humble or be humbled.
Indeed, lost steam to break through, bounced of resistance, medium high to low level, later rejected of 20 EMA.
Lets see where we go from here, since China reopening, cases rising in North Korea. UK is under new wave of monkey pox. Gosh, never ends..
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Staying positive
Seeing The NASDAQ futures now after a severe sell off in the NY session, I have a bad feeling we are going to see a Black Monday Event.
Be humble or be humbled.
My take on the USOIL Crude. I'm waiting for the price to drop lower to the discount zone, and based on some more confirmations beside today's news, I'll be buying. What do you think?
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Seems a lot are down WTI any oppo they get, not many have been prepared to ride it up. Back to the seemingly stability point 110.00 level after touching 107.00 earlier. If the Dow (US30) was to fall another 1,000 points by close Friday (which I think it may), who knows, but still holding up well, no denying that.

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'Those are my principles, and if you don’t like them… well, I have others.'
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'Those are my principles, and if you don’t like them… well, I have others.'
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