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Attachments: WTI Crude Oil Trading
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WTI Crude Oil Trading

Getting perilously close to that 90.99 level again, the more the work the longer the break, as they say.

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"Don't Shoot Me I'm Only the Piano Player"
Quoting Jolita
Oil retraced this week to $94.35, looks we are pausing here at resistance. Atm sl at $96 is safe, will look for short entry should return back to support, circa $90.00 and lower.{image}
Agree, although I'd go a bit higher re circa @ 90.99
"Don't Shoot Me I'm Only the Piano Player"
In the hands of random flucs this time of day, Market Maker's paradise, but so far, so good. : )

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"Don't Shoot Me I'm Only the Piano Player"
Short @ $91.80 last Friday, cannot wait until the open. Next BIG buy level is $80.
Be humble or be humbled.
Quoting yani38
{quote} Agree, although I'd go a bit higher re circa @ 90.99
I meant $90 as a possible tp area, todays low $86.33.
Quoting Jolita
{quote} I meant $90 as a possible tp area, todays low $86.33.
Thx J.

Mebbe a bit of a retrace imminent, out for now. Hope all are having fun, a nice ride this one. : )


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"Don't Shoot Me I'm Only the Piano Player"
Quoting yani38
{quote} Thx J. Mebbe a bit of a retrace imminent, out for now. Hope all are having fun, a nice ride this one. : ) {image}
Good job!
Slow but steady pushing lower.
My trade +1000pips. Love in it!
Death cross on daily
50 EMA getting ready to cross under 200 EMA

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Back to 87/8, difficult to keep going short such a rush from 30.00 odd, adaption the key, and there it is.

Precious is all buy apparently, mebbe right, I'm out of that for now, retirement fund looking a bit better ; )
"Don't Shoot Me I'm Only the Piano Player"
Still waiting for last dip closer to $80.

Sharing... Look at the last column for price idea.
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Quoting yani38
Back to 87/8, difficult to keep going short such a rush from 30.00 odd, adaption the key, and there it is. Precious is all buy apparently, mebbe right, I'm out of that for now, retirement fund looking a bit better ; )
Good to hear Y ; )
oil futures got to close the month above 88 otherwise there will be a bigger leg down. this week it will probably just thrash around like a fish pulled out of water.
Quoting Zebi
oil futures got to close the month above 88 otherwise there will be a bigger leg down. this week it will probably just thrash around like a fish pulled out of water.
Good post, and poor fish.

Anyway, WTI been thrashing around for a while now, with a slightly negative bias, I'm out of for now. : )

PS Good to see no thrashing of the Internet lingo of yesterday (uninterruptible) in here, a quality thread. ; )

Good luck
"Don't Shoot Me I'm Only the Piano Player"
Saudis cutting output but the Jackson Hole Symposium is Frday and the Fed needs a clear message of continued tightening to beat inflation.. This will surely put a downward bias on Oil. Market is holding it's breath.
Be humble or be humbled.
Media manipulation at its force atm.
Quoting Jolita
Media manipulation at its force atm.
More jawboning about the Iran deal dropped it to $93. I want Jackson Hole to sink oil for a better buy set-up.
Be humble or be humbled.
Expect further Fed intervention to control WTI price from rising.

https://www.bloomberg.com/news/artic...?sref=866aH6XX
Quoting Temujin
{quote} More jawboning about the Iran deal dropped it to $93. I want Jackson Hole to sink oil for a better buy set-up.
You changing your bias. I am with you.
I was away and had limited access but returning back tonight.

Looked at the chart, range $85-$95 was violated. I am looking to close my selling position somewhere $88-$90 and enter buy order.
Demand increasing, inventories decreasing.
Iran deal can not replace Russian oil. Oil is out of stock.
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Jackson Hole was definitely a test for how resilient oil is to selling pressure. Most assets ended up red on the stronger USD but not oil. Bug the dips.
Be humble or be humbled.
Quoting Temujin
Jackson Hole was definitely a test for how resilient oil is to selling pressure. Most assets ended up red on the stronger USD but not oil. Bug the dips.
Nice moves today. I am after a few more.
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