WTI Trading strategy today, CME NYMEX: CL - August 28, 2019 ~ -2.02pt (-3.68%)
Thursday, October 3, 2019
Contrary to my expectations, the prices dropped deeply. Either I have misjudged the situation in the Middle East or I have misinterpreted the intentions of the market forces.
<< Closed WTI CRUDE OIL Futures (CME NYMEX: CL)
BUY Positions:
Units: 13,
Average Profit: -2.02pt (-3.68%),
Average Entry Price: 53.98,
Average Closed Price: ,
Average Holding Days: 36
Monday, September 30, 2019
Crude oil prices are falling more than I expected. But there is no need to worry about. They will rise again. There is a fierce battle in the market to occupy the $ 60.0 line. I think it's time to look for opportunities to buy. I bought some more WTI. If the prices drop further, I will buy more.
>> Bought some WTI at $ 54.0.
Saturday, September 28, 2019.
I have a positive view of the crude oil markets. In my opinion, it is time to buy crude oil, not to sell them. As everyone can see, there is a fierce fight going on. Key prices are $ 56.0 and $ 58.76.
>> Bought some WTI at $ 55.14
Friday, September 20, 2019, 07:44 (EST)
There is a fierce battle in the crude oil markets. As what the closing price will be is very important, it is very likely that the prices will fluctuate. The key is whether the close-price will be formed above $61.50. I have a positive view of the market. I will hold the position.
Thursday, September 19, 2019, 06:43 (EST)
Crude oil markets are moving as expected. WTI says that $ 58.0 is the support. I said it would be an opportunity to buy if the prices fell below $ 58.0. What I have to do is wear the seat belt and wait with leisure.
Wednesday, September 18, 2019, 07:14 (EST)
There are various opinions about Saudi's oil facilities attacked. We need to think about more than that. We should think about who is pushing the Middle East into chaos, and why? Oil prices are likely to go higher. Important prices are $ 59.94 and $ 63.97. If the prices come below $ 58.0, it will be a good opportunity to buy. I will hold the position.
Tuesday, September 17, 2019, 07:02 (EST)
We need to think of more than Saudi's oil facilities attacked by a drone. The oil markets have been very hot and unstable, and the prices have no choice but to go up. Whether people want or not, they are likely to make it that way. Important prices are $ 61.5 and $ 64.8.
Monday, September 16, 2019, 07:35 (EST)
As expected, crude oil prices are soaring. People talk about Saudi's oil facilities. That's only the reason that has been exposed. We need to think of more than that. Oil prices will go higher. The prices may drop below $ 57.0 before starting to rise. If they drop, it will be a good opportunity to buy. The key prices are $ 57.8 and $ 61.0. I will hold the position.
Saturday, September 14, 2019, 06:39 (EST)
Important prices are $ 52.80 and $ 57.60. The crude oil markets are very unstable and the charts are not in good shape. However, I have a positive view of the gold market. I will hold the position.
Friday, September 13, 2019, 07:53 (EST)
Crude oil markets are shaking a lot. So far, the shape of chart is not goood. However, I have a positive view and bought some. I will hold the position. Key prices are 53.24 and $ 57.76. The markets are not likely to be easy next week.
>> Bought Some WTI at $ 54.25
Thursday, September 12, 2019, 08:04 (EST)
A silent war is going on in the crude oil market. The price flow is very unstable. Key prices are $ 55.0 and $ 56.90. The situation is not good, but I will hold the position with being careful.
Wednesday, September 11, 2019, 07:51 (EST)
Crude oil markets are accumulating strength. The shape of chart is also improving slightly. Key prices are $ 56.89 and 58.82. I will hold the position.
Tuesday, September 10, 2019, 07:12 (EST)
As a good shape of chart has not been made yet, it's still unstable. Price movements are showing positive signs. Key prices are $ 56.0 and $ 60.91. I will hold the position.
Monday, September 9, 2019, 07:33 (EST)
A silent war is going on in the crude oil markets. Even though charts do not look good yet, I am watching the markets from a positive perspective. Key prices are $ 55.76 and $ 57.75. I will hold the positions.
Friday, September 6, 2019, 08:28 (EST)
Friday today. There is likely to be a very fierce battle in the market. The key prices are $ 55.40 and $ 56.55. It will not be easy next week,either. I will hold the position.
Thursday, September 5, 2019, 07:21 (EST)
They have brought crude oil prices back to where they were. As the chart shape has already broken, it will not be easy. The key prices are $ 55.40 and $ 57.50. The oil markets are getting hotter and hotter. There will be no other way but for the prices to go up. If the prices drop again, I will buy some more.
Wednesday, September 4, 2019, 08:19 (EST)
WTI showed that $ 53.0 was a strong support line. As said, I bought some more. The key price is $ 56.9 and $ 53.7. The chart shape has been broken, but I have a positive view of crude oil markets.
>> Bought some WTI at $ 53.0, $ 53.47 and $ 53.5
Tuesday, September 3, 2019, 08:18 (EST)
The Crude markets are moving against my expectation. The price chart is out of shape. At the moment, key prices are $ 53.0 and $ 55.7. If the WTI shows a strong support above $ 53.0 level, I will buy some more.
If WTI close below $ 53.0, I will be forced to think of getting out of the market with a loss.
Saturday, August 31, 2019 (10:53 EST)
Crude oil markets failed to creat a stepping stone for a rise. The markets are unlikely to be easy next week. I'll wait and see with holding the position. I will buy some more if the market shows a strong support. The key prices for next month are $ 59.90 and $ 53.10.
Friday, August 30, 2019 (07:39 EST)
As today is the end of the month, there can be fluctuation. When the prices drop, I will buy some more.
Thursday, August 29, 2019
>> Bought some WTI at 55.50
The key price is $ 57.83 today. I hope, but not sure. There is a very strong pressure on the crude oil market, however, I believe the prices will soar in the end. If the prices drop, I will buy more.
Wednesday, August 28, 2019
>> Bought some WTI at 55.69.
I bought some WTI crude oil. I expect crude oil prices to rise, and keep eyes on the market activities. So far, they are not stable yet.
However, the situation is continuing where crude oil prices are forced to go up. I think things will get worse in the future. Although the prices of crude are under pressure, eventually they will overcome.
An important and meaningful price level is $ 57.98. When the prices take over that level, it will mean the prices to start go up. In that case, the first target price will be $ 70.0. If the markets get to be hotter, the second target could be $ 91.0 or higher. Of course, it will take a long time.
[WTI crude oil weekly chart]
Contrary to my expectations, the prices dropped deeply. Either I have misjudged the situation in the Middle East or I have misinterpreted the intentions of the market forces.
<< Closed WTI CRUDE OIL Futures (CME NYMEX: CL)
BUY Positions:
Units: 13,
Average Profit: -2.02pt (-3.68%),
Average Entry Price: 53.98,
Average Closed Price: ,
Average Holding Days: 36
Monday, September 30, 2019
Crude oil prices are falling more than I expected. But there is no need to worry about. They will rise again. There is a fierce battle in the market to occupy the $ 60.0 line. I think it's time to look for opportunities to buy. I bought some more WTI. If the prices drop further, I will buy more.
>> Bought some WTI at $ 54.0.
Saturday, September 28, 2019.
I have a positive view of the crude oil markets. In my opinion, it is time to buy crude oil, not to sell them. As everyone can see, there is a fierce fight going on. Key prices are $ 56.0 and $ 58.76.
>> Bought some WTI at $ 55.14
Friday, September 20, 2019, 07:44 (EST)
There is a fierce battle in the crude oil markets. As what the closing price will be is very important, it is very likely that the prices will fluctuate. The key is whether the close-price will be formed above $61.50. I have a positive view of the market. I will hold the position.
Thursday, September 19, 2019, 06:43 (EST)
Crude oil markets are moving as expected. WTI says that $ 58.0 is the support. I said it would be an opportunity to buy if the prices fell below $ 58.0. What I have to do is wear the seat belt and wait with leisure.
Wednesday, September 18, 2019, 07:14 (EST)
There are various opinions about Saudi's oil facilities attacked. We need to think about more than that. We should think about who is pushing the Middle East into chaos, and why? Oil prices are likely to go higher. Important prices are $ 59.94 and $ 63.97. If the prices come below $ 58.0, it will be a good opportunity to buy. I will hold the position.
Tuesday, September 17, 2019, 07:02 (EST)
We need to think of more than Saudi's oil facilities attacked by a drone. The oil markets have been very hot and unstable, and the prices have no choice but to go up. Whether people want or not, they are likely to make it that way. Important prices are $ 61.5 and $ 64.8.
Monday, September 16, 2019, 07:35 (EST)
As expected, crude oil prices are soaring. People talk about Saudi's oil facilities. That's only the reason that has been exposed. We need to think of more than that. Oil prices will go higher. The prices may drop below $ 57.0 before starting to rise. If they drop, it will be a good opportunity to buy. The key prices are $ 57.8 and $ 61.0. I will hold the position.
Saturday, September 14, 2019, 06:39 (EST)
Important prices are $ 52.80 and $ 57.60. The crude oil markets are very unstable and the charts are not in good shape. However, I have a positive view of the gold market. I will hold the position.
Friday, September 13, 2019, 07:53 (EST)
Crude oil markets are shaking a lot. So far, the shape of chart is not goood. However, I have a positive view and bought some. I will hold the position. Key prices are 53.24 and $ 57.76. The markets are not likely to be easy next week.
>> Bought Some WTI at $ 54.25
Thursday, September 12, 2019, 08:04 (EST)
A silent war is going on in the crude oil market. The price flow is very unstable. Key prices are $ 55.0 and $ 56.90. The situation is not good, but I will hold the position with being careful.
Wednesday, September 11, 2019, 07:51 (EST)
Crude oil markets are accumulating strength. The shape of chart is also improving slightly. Key prices are $ 56.89 and 58.82. I will hold the position.
Tuesday, September 10, 2019, 07:12 (EST)
As a good shape of chart has not been made yet, it's still unstable. Price movements are showing positive signs. Key prices are $ 56.0 and $ 60.91. I will hold the position.
Monday, September 9, 2019, 07:33 (EST)
A silent war is going on in the crude oil markets. Even though charts do not look good yet, I am watching the markets from a positive perspective. Key prices are $ 55.76 and $ 57.75. I will hold the positions.
Friday, September 6, 2019, 08:28 (EST)
Friday today. There is likely to be a very fierce battle in the market. The key prices are $ 55.40 and $ 56.55. It will not be easy next week,either. I will hold the position.
Thursday, September 5, 2019, 07:21 (EST)
They have brought crude oil prices back to where they were. As the chart shape has already broken, it will not be easy. The key prices are $ 55.40 and $ 57.50. The oil markets are getting hotter and hotter. There will be no other way but for the prices to go up. If the prices drop again, I will buy some more.
Wednesday, September 4, 2019, 08:19 (EST)
WTI showed that $ 53.0 was a strong support line. As said, I bought some more. The key price is $ 56.9 and $ 53.7. The chart shape has been broken, but I have a positive view of crude oil markets.
>> Bought some WTI at $ 53.0, $ 53.47 and $ 53.5
Tuesday, September 3, 2019, 08:18 (EST)
The Crude markets are moving against my expectation. The price chart is out of shape. At the moment, key prices are $ 53.0 and $ 55.7. If the WTI shows a strong support above $ 53.0 level, I will buy some more.
If WTI close below $ 53.0, I will be forced to think of getting out of the market with a loss.
Saturday, August 31, 2019 (10:53 EST)
Crude oil markets failed to creat a stepping stone for a rise. The markets are unlikely to be easy next week. I'll wait and see with holding the position. I will buy some more if the market shows a strong support. The key prices for next month are $ 59.90 and $ 53.10.
Friday, August 30, 2019 (07:39 EST)
As today is the end of the month, there can be fluctuation. When the prices drop, I will buy some more.
Thursday, August 29, 2019
>> Bought some WTI at 55.50
The key price is $ 57.83 today. I hope, but not sure. There is a very strong pressure on the crude oil market, however, I believe the prices will soar in the end. If the prices drop, I will buy more.
Wednesday, August 28, 2019
>> Bought some WTI at 55.69.
I bought some WTI crude oil. I expect crude oil prices to rise, and keep eyes on the market activities. So far, they are not stable yet.
However, the situation is continuing where crude oil prices are forced to go up. I think things will get worse in the future. Although the prices of crude are under pressure, eventually they will overcome.
An important and meaningful price level is $ 57.98. When the prices take over that level, it will mean the prices to start go up. In that case, the first target price will be $ 70.0. If the markets get to be hotter, the second target could be $ 91.0 or higher. Of course, it will take a long time.
[WTI crude oil weekly chart]