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WTI Crude Oil Trading

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WTI Crude Oil Trading

The opening bar came off of EMA20 and broke above the 2-week-old trading range. High reached 65.99, at the 3rd upper band (UB3), closed 65.68. This is a new contract for the chart, expiring May 21.

WTI Crude Oil Trading

A better day than some of the recent ones. Still range bound from last week.

WTI Crude Oil Trading

... and welcome to the Loyal Order of Fellow Oilers!

WTI Crude Oil Trading

Today's continuing advance turned back at the top of last week's trading range, then crossed an uptrend line (blue). If the downward move continues, it could easily reach ~63.2 or lower.

WTI Crude Oil Trading

Bulls and bears have equal opportunities to lose money in oil. The above post is an excellent read -- don't be bashful.

WTI Crude Oil Trading

The median line did move below last weeks lower bound, but PA is just choppy sideways.

WTI Crude Oil Trading

opened short 63.25, sl 63.45 because of H4 trend & equity indices becoming weak. -- stopped out

WTI Crude Oil Trading

I still lean toward more downside looking at H4 and M15. Current price is below last week's median range - the median could confirm this breakdown on next bar. If confirmed, price could easily slip to ~63, farther on longer time scale. Equity ...

WTI Crude Oil Trading

WTI and equities are looking weak at Sunday evening opening. WTI is close to dropping below last weeks narrow range.

WTI Crude Oil Trading

End of week update: Most of the week was spent in a narrow range with choppy action. No trends for swing trading.

WTI Crude Oil Trading

PA continued down after crossing the blue line, but very volatile as that was at market opening. However, the median line shows a smooth decline from the first upper band (UB1) through the uptrend line and farther -- that's why I prefer the median ...

WTI Crude Oil Trading

some nice pips for you!

WTI Crude Oil Trading

WTI April H4 - dropping through EMA20 and uptrend line (blue). It likely has more downside ahead.

WTI Crude Oil Trading

I've tried to do that several times. Broker's app, not MT4, for futures acct.

WTI Crude Oil Trading

Looking at my chart, if a decline starts, the way seems clear for 50+ pips. Doesn't mean that it will, of course.

WTI Crude Oil Trading

For the April WTI contract: HoY was set yesterday at 64.79, not far from current price action. However, upward momentum is a bit weak: see slope of median line. The median line has resistance at 64.54, median is currently at ~64.50. Equities and ...

WTI Crude Oil Trading

So far, looks like a very good call on Mar 30. HoD for 4-9 was 64.79 (April contract).

WTI Crude Oil Trading

A plunge & recovery for today, with a pause in the uptrend. Lots of geopolitical factors going on.

WTI Crude Oil Trading