WTI Trading strategy today, CME NYMEX: CL - August 8, 2019 ~ Closed +1.76pt (+3.28%)

Friday, August 23, 2019 (08:00 EST)
Closed WTI Buy-position. They did not overcome the key price of $ 56.7, and did fall. Contrary to my expectations, Crude oil markets are not active. I will wait for the next opportunity.
Silver is likely to rise one more step, and the target could be $18.5 or so. However, I will not enter the market. It is risky at this point.

<< Closed  WTI CRUDE OIL Futures (CME NYMEX: CL) +1.76pt (+3.28%)
- BUY Positions:  Units: 7, Average Profit: 1.76pt (3.28%), Average Entry Price: 53.79, Average Closed Price: 55.55, Holding Days: 13

Closed  WTI CRUDE OIL Futures (CME NYMEX: CL) +1.76pt (+3.28%)

Thursday, August 22, 2019 (07:27 EST)
Market's mood seems to be shaking a lot. Even though crude oil prices are not active yet, I think they will go higher. The key price for WTI today is $ 56.70. I will hold the position with caution. Gold price is dropping. I am not sure they have passed the peak. I am watching. US Dollar will be strong against other currencies.

Wednesday, August 21, 2019 (07:10 EST)
Crude oil prices are not moving as well as I expected. They are rising a bit, however, it is not sure yet. The key price for WTI is $ 58.0. I think the market conditions are good for the prices. I will hold the position with caution. Gold price could go higher. I am watching.

Tuesday, August 20, 2019 (08:20 EST)
Crude oil markets are under a lot of pressure. Oil prices could be crushed once more. However, the market situation is the opposite. I will hold the position with being ready to close at any time.

Monday, August 19, 2019
Crude oil markets are not moving as I expected. However, I will hold WTI and watch some days more.

Saturday, August 17, 2019
I expected them to show strong activity yesterday, Friday, but they did not. Next week, they could be unstable.

Thursday, August 8, 2019
Crude oil market is pressed down, however, the markets are in a very unstable situation. They are driving the whole Middle-East into the worst, and are trying to make war upon China. Brent and WTI crude oil prices are likely to gu higher. There may be no way. As the price movement is not stable yet, it seems some risky to buy. I will enter the market with some risk. Target price could be $ 69.35.
Note : This page has been detached from Gold Trading strategy today, XAUUSD - August 1, 2019 ~

[ WTI Crude oil Weekly chart, CME NYMEX: CL, CFD ]
WTI Trading strategy today, CME NYMEX: CL - August 8, 2019 ~





Meaning of terms :
▷ BUY the Dip : The current price is higher than the entry price. Buy when price drops to/below the entry price.
▷ BUY the Breakout : The current price is lower than the entry price. Buy when price breaks upward through the entry price. ( When price moves above the entry price level.)
▷ SELL the Bounce : The current price is lower than the entry price. Sell when price rebounds to/above the entry price.
▷ SELL the Breakdown : The current price is higher than the entry price. Sell when price breaks downward through the entry price.  (When price moves below the entry price level.)

Position Trading. Position trading with monthly charts for holding positions for weeks to months. Not much demand on the trader's time.

Simple and Profitable. Key points in real trading are the present and the numbers. There are only practical and strategic figures.

Reference Only. I hope you do not copy above, but hope you get your own better strategies by referring to the above and make good profits.