This bounce is rather strong, quite surprised, given that EIA data is not that bullish (just slightly better than expected?). So I remain my bearish view and open another short at 57.20

WTI Crude Oil Trading

Close at 56.90, short open at this level as well

WTI Crude Oil Trading

Bought at 55.70, but will be cautious as my mid term view is still south

WTI Crude Oil Trading

Short opened at 55.60, may add another one around 55.90

WTI Crude Oil Trading

56.30 used to be a very responsive support level, what will happen this time?

WTI Crude Oil Trading

Electric car will take it's time to phase in, even though it is the fact, I believe it will only take up a limited portion of the market share, i.e. public infrastructure has not yet ready to support the flood of electric car, the light or heavy ...

Private Island Traders

With Saudi Aramco going public and OPEC suggests reduce production, is it possible? Probably 51 is the bottom

Private Island Traders

There is still a strong resistance around 56.90, and the next level is 56.20.

WTI Crude Oil Trading

Selling start, will look for an entry now Short 57.20, not ideal, but it didn't bounce a little

WTI Crude Oil Trading

Some resistance is seen at the level 57.70, may short from here, let's give it some time

WTI Crude Oil Trading

WTI oil hovers around 57.20, the price that j sell yesterday, and unlike yesterday it didn't get the overshot. It is an interesting point itself, however due to Powell and the API later, no position is open, if the price moves away (bias is down), ...

WTI Crude Oil Trading

Out for now, close at 56.80. Support is seen at 56.60, will see what happen tomorrow

WTI Crude Oil Trading

Sell limit order trigger, sell at 57.20

WTI Crude Oil Trading

I have this long term view as well, but the whole market is driven by news, any optimism from the trade deal may underpin this market

WTI Crude Oil Trading

Thanks sponge, it is quite difficult to trade now, it is purely driven by news. This is another reason why I am more interested to read the chart from price action and volume aspect

WTI Crude Oil Trading

Close now at 57.18

WTI Crude Oil Trading

Buy at 55.90, seeing a large support

WTI Crude Oil Trading

Thanks sponge for your sharing

WTI Crude Oil Trading

Is this the wyckoff volume analysis that you are using?

WTI Crude Oil Trading

How do you tell/why would you consider volume is positive please? I always want to learn on this regard, getting more info from volume, not only the price action

WTI Crude Oil Trading