Short oil at 54.50, target 53.50

WTI Crude Oil Trading

I agree, although my reason is, it goes against all the fundamental "fact"

WTI Crude Oil Trading

The oil price is going up, despite large inventory data yesterday and lower than expected GDP growth from China, what is the driver?

WTI Crude Oil Trading

I don't think I managed to find the right material to learn order flow, I only have a very blur concept

WTI Crude Oil Trading

Anyone in here use the language of accumulation, markup, distribution, markdown, big player/smart money and individual/retail trader? Can we use this theory to make up a story that fits what is happening recently?

WTI Crude Oil Trading

Don't understand what game is the players playing on WTI, hardly move out the range

WTI Crude Oil Trading

All data released today are not looking good, but it didn't drop, isnt it manipulated?

Private Island Traders

Today, we have the news of Brexit as a driver that push GBP, DAX, SP and Dow up. "Fortunately", it starts to fade, but is it a bull trap? Or some upward pressure got to be released before the next up wave? Is it still fitting your model?

WTI Crude Oil Trading

This week?next week? Why that much? What is the driver? Market usually moves with news, the news that people use as excuse to manipulate the market

WTI Crude Oil Trading

Can you share a little bit more of how you make this trading decision? And (not joking), you know trump and the trade war can actually change the market direction in a V shape, is the overall result still fit your model/prediction in the past?

WTI Crude Oil Trading

I am with you to short the dow, but I may not have any strong support evident, just because it has rally 1000 points from the bottom recently so I am looking for a short setup, biased view basically, too reluctant to go long now. One good thing is, ...

Private Island Traders

RT, you certainly bring up some interesting point, and I do agree with you that Dow should be going down soon, however, it is just a correction to the recent uptrend, or a bigger downtrend, don't know. I like your 'prediction' with the timeframe of ...

WTI Crude Oil Trading

Cool, will follow your other thread

WTI Crude Oil Trading

That is more realistic, but still a long way, do you think it will just go to 27900 from here at straight or it will have a pull back/ correction before it travels north?

WTI Crude Oil Trading

U mean Dow to 29000 from here? From 27000? That is certainly a very long way to go, I can't draw any conclusion to this far. In the near term future, I do expect some correction from 27000 though

WTI Crude Oil Trading

Interesting, why in index as well? It looks so bullish, working hard slowly going up

WTI Crude Oil Trading

I am on the short side, any rally just give me a chance to short at better price

WTI Crude Oil Trading

I shorted at 58.20, but 58 seems to provide some support, gap doesn't seem to be closed soon, we need some catalysts

WTI Crude Oil Trading

Very tempted to go long, 58.30 seems to be a support.

WTI Crude Oil Trading

I went long from 58 yesterday, but closed it now. Any short term move in the future is very dependable on the news regarding the recovery of the production. In very short term, if there is no good news, I expect the price will be holding above 58. ...

WTI Crude Oil Trading