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Crude Oil

I'm still long. A close inside the FOMC day May 1 and Last Friday's close woul be bullish. We touched there yesterday and the market sold off. last night was the full Moon. Looking for a Lunar reversal.
Quoting FT.Trader
Я все еще в длинной позиции. Закрытие дня FOMC 1 мая и закрытие в прошлую пятницу будет бычьим. Мы коснулись...
I'm exiting the long position, 79.05. Early perhaps.
Oil Gameplan
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B4 Elvis there was nothing
I think we bottomed (at least for the short term on friday) Im Long at least to 81, maybe 83 .
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Quoting T721
Oil Gameplan {image}
Oil Update ----- didnt do what i wanted today, ie -- wanted it to take Fridays high then drop so i could buy.

So didnt take the upside move but did get 3 small positions short near highs and leaving to see if it drops to downside target

Posting this so you all understand i dont get every trade right and dont wanna sound like i do.... But what i do have is a shitloada patience so if i miss a move so be it, I aint gonna chase that Fucker ... there will always be another train soon to jump on
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B4 Elvis there was nothing
Quoting FT.Trader
I'm still long. A close inside the FOMC day May 1 and Last Friday's close woul be bullish. We touched there yesterday and the market sold off. last night was the full Moon. Looking for a Lunar reversal.
I'm still long from May 6. Finally, a breakout!! I have a new target on the July N contract of $84.23
Quoting FT.Trader
{quote} I'm still long from May 6. Finally, a breakout!! I have a new target on the July N contract of $84.23
Adding to long 79.00
My Long term analysis of the USO ETF. I think that the ETF is better for longer time frames. I'm also an American and I ignore most of the noise in the overnight globex session. Short term I will be lightening up when USO reaches 80.15 ish. I think that 91.24 is possible this year.

USO currently trades $2.48 below WTI. This number changes as contracts age and roll.
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Quoting FT.Trader
My Long term analysis of the USO ETF. I think that the ETF is better for longer time frames. I'm also an American and I ignore most of the noise in the overnight globex session. Short term I will be lightening up when USO reaches 80.15 ish. I think that 91.24 is possible this year. USO currently trades $2.48 below WTI. This number changes as contracts age and roll. {image}
I use UCO., also long here. The Saudis are looking to continue the output cuts because of the over supply. Oil is the safest investment.
Be humble or be humbled.
Oil levels, look like down
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Buying sheep for good money, Habib albi
Quoting Whale
Oil levels, look like down {image}
Support at the 200 day MA zone.
Be humble or be humbled.
We have a few bearish factors: Oversupply, interest rates held at the higher range and decreasing inflation.
Be humble or be humbled.
WTI Not looking good. USO 12.5% retracement is71.83. Could bounce from here . Also looking at Feb 8 24 gap as bounce area
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Quoting FT.Trader
WTI Not looking good. USO 12.5% retracement is71.83. Could bounce from here . Also looking at Feb 8 24 gap as bounce area {image}
Booked a loss on 1/3 position
Now it's a buy at $73.50. Flushing everyone out before driving season begins.
Be humble or be humbled.
Yesterday...and today, have been super humbling. Makes you understand you know nothing about this thing, and it will do what it wants to do . Stay strong everyone, we got this .


To me it looks super ripe for rebound now at the 73.20-73.50 area... but scared to call anything in this market now
Quoting linkinrz
Yesterday...and today, have been super humbling. Makes you understand you know nothing about this thing, and it will do what it wants to do . Stay strong everyone, we got this . To me it looks super ripe for rebound now at the 73.20-73.50 area... but scared to call anything in this market now
Oh, I'm buying here before the API report today. They are sinking it down on the premise the Saudis will be phasing out cuts in the future. Just in time for the driving season to flush all buyers out.
Be humble or be humbled.
Use the VIX and DXY as inverse indicators. Volatility and the dollar up, risk assets down.
Be humble or be humbled.
Quoting Temujin
{quote} Oh, I'm buying here before the API report today. They are sinking it down on the premise the Saudis will be phasing out cuts in the future. Just in time for the driving season to flush all buyers out.
Dont get me wrong, I'm also buying here


Just my understanding was that data from sunday was bullish but turns out i was very wrong in my interpretation.


Lets see.
Quoting linkinrz
{quote} Dont get me wrong, I'm also buying here Just my understanding was that data from sunday was bullish but turns out i was very wrong in my interpretation. Lets see.
while the extension of production cuts by OPEC+ might typically be expected to support higher oil prices, the market's focus on the potential for increased future supply, combined with weak demand growth and high US production, has led to a decline in prices. This complex interplay of factors highlights the challenges in predicting oil market movements based solely on supply-side decisions.
We cut the winners short and let the losers run.
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