Jump to content

Crude Oil (WTI)


Recommended Posts

  • Replies 189
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

What are people’s thoughts after last weeks blood bath? Black gold is acting more like diesel sinking to the bottom of the distillate tower rather than jet fuel rallying to the top!  It’s worth r

Just a quick reply @PandaFace, the reports continue that the Saudis are pumping for dear life following Trump's warning about high oil prices some weeks ago. Saudi output at maximum and looking to rem

Posted Images

The 4 hours candles are 'walking above' the Bollinger.  a backtest of the past 2 years shows that this will almost certainly not end well for me.  Took the loss, and now I'm out of the position.  


  • Thanks 1
Link to post
8 hours ago, elle said:

I guess it's too late to say "never short crude" especially when the US & Iran are making noise !  Price in an upward channel short term  in my opinion.  Some overhead resistance. $60 has been a price @ which a lot of OPEC & others seem to want. 

Capture cr 1hr.PNG

inventories shortly, will find out if that was true or false

Capture cl ig.PNG

Link to post
23 minutes ago, backwardation said:

Its crazy that its not rallying much more.  This is the biggest drawdown in inventory since Sept 2016.  Its a pretty big deal.  

Oil likes round numbers and 60 was also previous resistance so a likely place for sellers to congregate, whether there are enough sell orders waiting there as yet unfilled for another attack on 60, if the news events to come (US GDP and the G20 meeting) warrants it, remains to be seen.

  • Like 1
Link to post
  • 3 weeks later...

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      14/01/21 09:51

    Newest Member
    Joined 26/01/21 19:20
  • Posts

    • Latest Sweden deaths data.
    • oh, Canadian Health Official  ''none of this is really based on science'' shock 🤣 as if we didn't already realise.  
    • you are forgetting I don't give a **** what you think, the data is there, if you don't like it prove it wrong (I mean really, not some pedantic BS), I already showed you how to go about it but once again for the hard of thinking, go to the relevant ONS stats site, download the data and check the data points from the chart, it really is that simple. Constant bleating is no match for the ton of actual data produced, trying to find tiny cracks won't change anything, and pretending to be a 'fact checker' is just laughable.
  • Create New...