Posts Tagged wti

To Finish off the week, +100 on Crude Oil

To Finish off the week, +100 on Crude Oil

Here's the daily chart of Crude Oil.. I actually saw the opportunity to trade it but didn't get a chance to enter until the following morning. The entry I was looking for was 8600 and I got it. From the Daily chart, you don't really see why I entered, the only clue here is that you can see the the price action seems to have stopped moving down and has just floated between 8500 and 8600 for a good few weeks. Anyway, if you look at the 2 hour charts, this is what you see: You can see

November 16, 2012 2 Comments Full Story

Crude Oil breaks support and heads south

Crude Oil breaks support and heads south

As per yesterdays post, Crude Oil indeed broke through support and headed south. The move was pretty much down all the way until it got around the round number 89.00 when we saw some buyers.. the price has gone up since the low of 88.94 to now 90.14 but the trend is still down for this. For those who are short, despite the buyers below, so long as the price doesn't go back above support (now resistance) you should be ok. I would move the stop down to 92.00 or so however to lower the risk

September 26, 2012 No Comments Full Story

Don’t Mix up your Trading Systems else this can happen!

Don't Mix up your Trading Systems else this can happen!

Today, I took a trade using my usual support/resistance techniques. I had seen that WTI Crude had some trouble around the 100 mark and also had penetrated the Daily Pivot and looked like it was to fall. This was a pure price action trade and I went short at 99.82. My initial target was 97.55 which is around 230 points. However, I've also been looking at another trading system lately which was sent to me by a friend of mine who I know has been doing very well. When I looked at the WTI Crude Oi

December 14, 2011 No Comments Full Story

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