Jump to content

Crude Oil (WTI)


phillo

Recommended Posts

Guest backwardation

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.  

Public service announcement: DO NOT FALL ASLEEP DURING BIG NEWS ON AN OPEN TRADE!

Link to comment
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 comment
Guest backwardation

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

Link to comment
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.

Link to comment
  • 3 weeks later...
Guest biglivetrade

Yesterday I have taken a sell call in crude oil at 3873 and exited from the call Today 8:10 pm at 3849

Total Profit: 24

 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...
us