Stock market is shining too much right now for oil to get a bid. I went for a buy anyway, price is not so bad here at $77.48

WTI Crude Oil Trading

Due for a temporary bounce here at $79. 200 day MA corresponding to the 50 week MA. Next is $75 after the bounce up.

WTI Crude Oil Trading

Yes, closer to $80 flat or beyond.

WTI Crude Oil Trading

Looks like this $80 zone is a respected level. Waiting for a little lower to buy.

WTI Crude Oil Trading

Looks Like we have a support forming at $80

WTI Crude Oil Trading

We have a gap up at the open partially due to the middle east conflict.

WTI Crude Oil Trading

I'm a buyer here at $82.42 at the 100 Day MA.

WTI Crude Oil Trading

I think $87.50

WTI Crude Oil Trading

Has no effect on currency only oil. Less investory is bullish because supply is lower and prices usually are higher.

WTI Crude Oil Trading

Expensive oil in a crappy economy won't last. When stocks tank oil will go with it.

WTI Crude Oil Trading

The downtrend will begin this week as demand destruction starts because of high prices and a stronger dollar.

WTI Crude Oil Trading

I'm looking for the reversal because at that inflection point put options are at the cheapest price and they become very expensive as the instrument reverses.

WTI Crude Oil Trading

We are in the same zone. I see $95.38 as a high in early January 2022. This is getting scary for Europe and soon the U.S. The Inflation battle is being lost now. Just no denying the serious implications for lower profits for companies and less ...

WTI Crude Oil Trading

Inflation numbers, CPI coming up tomorrow. Expecting an uptick. Positive again for oil. $92 is the next resistance.

WTI Crude Oil Trading

It's not stopping, I was totally wrong on that short position. Oil was rising this entire time along with the US Dollar, that is how strong these moves were. Usually they are inversely correlated. Stocks in general will not be able to have any ...

WTI Crude Oil Trading

I'm going short today via option contracts. There is a speculation of $100 but I think before that we should have a pull back.

WTI Crude Oil Trading

Short when it hits $90

WTI Crude Oil Trading

Domestic production is rising in the U.S. Higher interest rates. Yeah not bullish.

WTI Crude Oil Trading

Down from here with the rest of the market.

WTI Crude Oil Trading

I escaped my 2nd short position at break even. Oil rising is bad for companies and consumers again. Shorted the DOW Jones.

WTI Crude Oil Trading