I'm short at $111.75 for a weekly expiration. Will buy the dip in the NY session for a day trade. Welcome aboard! For me the theme is bearish this week. OPEC, IRAN deal, Shanghai COVID lockdown.

WTI Crude Oil Trading

Shanghai just went on full COVID lockdown. Futures open in a couple hours.

WTI Crude Oil Trading

[quote=Jolita;13947212] OPEC also has a meeting THU so production could be increased. I don't like shorting oil but $112 is looking expensive with the Iran deal and this meeting coming up. Just speculation on my part but it could go higher past $112 ...

WTI Crude Oil Trading

So just now 10 hours before the futures open it was reported that a deal with Iran is NOT arriving very fast which is the opposite of what was reported last week. This should give some support for oil but it is temporary. Highs are getting lower 116 ...

WTI Crude Oil Trading

$105 next week. Price predicted.

WTI Crude Oil Trading

NADEX

US Brokers to Trade Oil and Gold

$105 next week.

Crude Oil

$200 oil would be a political disaster so the current administration is going to do everything in it's power to prevent that. There is also the Federal reserve to factor in. The last 10 out of 13 periods in which the Fed tightened money policy, ...

WTI Crude Oil Trading

No where to go but up, temporarily that is.

Nasdaq Futures NQ Trading Diary

Floating back down to the January lows.

Nasdaq Futures NQ Trading Diary

CPI THU, may have some impact.

Nasdaq Futures NQ Trading Diary

Nasdaq is stopped cold at the 14 Week MA line. PayPal, Starbucks, FB not good guidance. A glimpse of things to come. Banks reporting substantial hits to GDP 2022.

Nasdaq Futures NQ Trading Diary

March rate hike is certain but I'm thinking the market has already factored it in.

Nasdaq Futures NQ Trading Diary

Now that the banks have obliterated every long position they are finally going to buy so they can distribute later.

Nasdaq Futures NQ Trading Diary

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Nasdaq Futures NQ Trading Diary

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Nasdaq Futures NQ Trading Diary

Now it is getting very exciting. On the Daily Chart we are at the 400 Day EMA Which corresponds to the 100 and 200 Week EMA which have converged together from months ago.

Nasdaq Futures NQ Trading Diary

The short covering rally is here now. Time to buy.

Nasdaq Futures NQ Trading Diary

Wow, what an amazing revelation for me. Thanks so much for the weighted names info, it worked. I became a buyer today on the bounce. Have a great weekend.

Nasdaq Futures NQ Trading Diary