The WTI median line breached EMA20 and an uptrend line (blue), suggesting more to come. The open for the bar with the arrow is 53.55.

WTI Crude Oil Trading

Oil did not keep its rally going, and faded in late trading. WTI median and close were both slightly below EMA20, suggesting weakness when trading resumes. The next H4 bar could confirm a resumption of the downtrend. Do oil markets no longer respect ...

WTI Crude Oil Trading

End of week update: WTI H4 Trading reopened Thursday evening above EMA20, signaling a reversal. During Friday, the median remained above EMA20, but made only a modest advance.

WTI Crude Oil Trading

When I asked my cat what I should do, he said nothing. So I have done that.

WTI Crude Oil Trading

Opened short NQ 7310.25. Small position. EDIT Stopped out. I should have listened to me: buyers are not scared yet.

WTI Crude Oil Trading

Dow median line has been running above EMA20 on M15 chart: June contract. Buyers are not scared yet. 08:30 data is key.

WTI Crude Oil Trading

The Friday 08:30 jobs report from BLS could be wildly off from the 180k consensus, with a low number more likely. Oil, equities, and FX could be in for some big swings.

WTI Crude Oil Trading

No trend is apparent to me looking at H4. Buyers seem to be looking for an excuse to jump in.

WTI Crude Oil Trading

Sideways or up seem more likely here.

WTI Crude Oil Trading

Opened short NQ 7255.00, very small position. ED. stopped out on surge.

WTI Crude Oil Trading

Right. Mexico is also pushing back on the flow of arms into Mexico from US. This action is going to hurt US economically with jobs lost.

WTI Crude Oil Trading

LoD was 50.60 -- still looking very weak.

WTI Crude Oil Trading

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WTI Crude Oil Trading

Down and downer.

WTI Crude Oil Trading

Gold is on a tear -- not good for oil or equities. H4 June contract.

WTI Crude Oil Trading

It's possible to be both right and wrong in a matter of minutes.

WTI Crude Oil Trading

Opened short NQ 7081.5, small position. While typing this note, price plunged! edit then price surged & took out my stop for modest loss. edit Stop was too close. Could have picked up >80 points otherwise. Read it correctly, played it wrong with ...

WTI Crude Oil Trading

Yields are down -- 10-yr treasury is at 2.116% -- and yields are inverted; both indications that the more astute traders are expecting worsening economic conditions for US, EU, ... Bad for oil regardless of OPEC playing games. It should be bad for ...

WTI Crude Oil Trading

Those who can, do; those who can't, teach.

WTI Crude Oil Trading

Thanks, D I am trying to make the information more usable by others, but without giving actual buy or sell statements. I don't want people looking to me for instructions. I do want them to be able to use the system that I follow while making their ...

WTI Crude Oil Trading