Week update WTI GCLN9 contract: Following the crossing of EMA20 at ~59, the median shows an unbroken decline to finish the week at 53.36. About 5.6 point decline. ed. That's a 5600 USD gain on 1000 USD margin if one traded it perfectly

WTI Crude Oil Trading

Painful! Good response. Study this weekend.

WTI Crude Oil Trading

PA might be showing a reversal in deeply oversold territory (ellipse). Or maybe not--this is a choppy day. Disclaimer: I'm not trading today.

WTI Crude Oil Trading

Doing better, not ready to do trading yet, thanks.

WTI Crude Oil Trading

Another 'whatta day' in the oil field. EMA20 breached, then a big plunge.

WTI Crude Oil Trading

I have not been tracking, probably won't do anything this week or early next--had some surgery Tuesday morning, so mostly out of action for now.

WTI Crude Oil Trading

When trading resumed at 2200 UTC yesterday evening, the uptrend line (blue) had been crossed at ~59.00, following a reversal just below EMA20. The 4th bar following reached LB2 at ~57.15, a decline of 185 pips from the crossing. A recovery took ...

WTI Crude Oil Trading

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WTI Crude Oil Trading

A week that included a 6-point drop in WTI, ended with a small retrace. Monday is a US holiday.

WTI Crude Oil Trading

IMO, a broad Panic Day is not very far off: summer? That might or might not signal the beginning of The Great Unraveling when the massive global debts start going into default. The WTI H4 chart clearly shows how interesting today was. Look back to ...

WTI Crude Oil Trading

Just lost 3 pts on NQ (NASDAQ 100) long. Don't try to catch a falling knife! Don't get in the way of a freight train!

WTI Crude Oil Trading

Just expectations for the global economies.

WTI Crude Oil Trading

WTI M15 shows median leveled with possible upturn, but volatility is high: ATR20 = .32 Equity indices have turned weak again, so caution is due.

WTI Crude Oil Trading

I would like to see the median level off, or -better- turn up a bit before trying a long. Meanwhile, I'll go pop some popcorn. Median of Dow on M15 has turned, or at least leveled -- interesting.

WTI Crude Oil Trading

A lot more momentum than I expected after crossing EMA20.

WTI Crude Oil Trading

Price breached the uptrend line and EMA20 to the downside, but it does not have the appearance of a decisive break. PA is still in a range from last week.

WTI Crude Oil Trading

I use the DOM window for quick entry/exit and moving stops/limits, especially for scalping trades. I certainly agree that playing ticks is no game for humans. It is entertaining to watch all the spoofing that goes on at that level, but again I don't ...

WTI Crude Oil Trading

WTI H4 chart: The median line was unable to break above first upper band (UB1), did not break below EMA20 center line. A new uptrend line (blue) is added. It might spend some time base building in this area. Watch for median crossing below the blue ...

WTI Crude Oil Trading

I should have mentioned that sierra chart has a platform that works with several futures brokers. I have not tried that one and have no involvement with them.

WTI Crude Oil Trading

WTI May contract H4: The week included a 200 pip surge after crossings at ~61.6, staying strong until Friday PM.

WTI Crude Oil Trading