- published: 18 Apr 2017
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Let me show the Correct Way to Trade Bond Futures The Basics to Trading Crude Oil Futures - WTI vs. Brent - oil futures, learn to trade oil futures, trading oil futures, trading brent wti futures, futures oil trading, wti oil futures, trading futures in oil how to trade futures futures contract day trading
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “WTI Crude oil”. WTI refers to oil extracted from wells in the U.S. and sent via pipeline to Cushing, Oklahoma. The fact that supplies are land-locked is one of the drawbacks to West Texas crude – it’s relatively expensive to ship to certain parts of the globe. The product itself is very light and very sweet, making it ideal for gasoline refining, in particular. WTI continues to be the main benchmark for oil consumed in the United States. WTI is considered “sweet" crude because it is about 0.24% sulfur, a lower concentration than North Sea Brent crude. WTI is high quality oil that is easily refined. Light, sweet crude oil commonly referred to as "oil" in the Western world. WTI...
The WTI Crude Oil market rallied on Friday, breaking the top of the hammer that formed on Thursday, which of course bounced off the psychologically important $50 level. For me, the signals that we are ready to go higher. I think eventually we will go looking towards the $53 level, but I also recognize that this is a market that continues to see a lot of volatility. This makes sense of course, because quite frankly there are a lot of moving pieces when it comes to the oil markets. The US dollar course has its own influence, but at the same time we have Saudi Arabia and Russia suggesting that production cuts are going to be extended. As this brings pricing higher, that then makes it much more attractive for US producers to flood the market with supply. Expect a lot of choppiness with a gener...
The WTI Crude Oil market fell significantly during the day on Thursday, testing the $50 level for support. We found it, and turned around to form a bit of a hammer. The hammer of course is a bullish sign, so I think we could bounce from here and try to go towards the $52.50 level above. We have plenty of volatility and choppiness in this market, as well as confusion. Because of this, it can be difficult to hang on to this market, as the noisy conditions make this a very tough market to hang onto. However, I think that we have several conflicting issues at the same time, as OPEC and more importantly, Saudi Arabia and Russia have come to the conclusion that they are going to try to cut back on production. On the other hand, it’s likely that oversupply will continue to be a major issue. With ...
The WTI Crude Oil market fell during the session on Tuesday, but found enough support near the $51.50 level to turn around. By doing so, we ended up forming a hammer which is of course a bullish sign, and I believe it is only a matter of time before the buyers return. I suspect that there is a certain amount of a “floor” in the market near the $50 level, and with the Crude Oil Inventories figures coming out today, we could get furthermore reason to see the market go higher. However, if we pull back from here, the knee-jerk reaction after the inventory number could be a buying opportunity as traders look out into the future. A breakdown below the $49 level would be very negative, but until then I think that there is more of a proclivity for buyers to jump in and pick up pullbacks. for more...
The WTI Crude Oil market went back and forth during the Monday session, as we broke above the $50 level, but then pulled back as it is an area that will continue to cause quite a bit of noise. I believe that if we can break above the $51 level, the market can go much higher, but in the meantime, I would also be concerned about the $49 level below. A breakdown below that level could send this market back towards the $47.50 level. There is a lot of noise in the market currently, and therefore I am a bit cautious about trading crude oil. For what it’s worth, the bread market looks ready to break out to the upside, and that could help WTI rally as well. The markets are a bit disjointed, but eventually we are going to have to decide. for more analysis: http://www.dailyforex.com
As the two benchmark products for Crude Oil, WTI (/CL) and Brent (/BZ) are highly correlated to one another. But in times of price increases in Crude Oil, Brent tends to outperform WTI, thereby widening the spread between the two products. Today, tastytrade presents a Futures pairs trade that capitalizes on this movement, Buying /BZ and Selling /CL. Watch this segment to learn the ratio between these two commodity products, the historical spread between them and what a futures trader can reasonably expect in terms of managing this position. See more videos from the Closing the Gap: Futures Edition Series: http://ow.ly/1b9v308EH3F The gap between the self-directed and institutional trader in the world of Futures gets closer as Tom and Tony go head-to-head with one of the Futures market i...
The WTI Crude Oil market initially dropped a bit at the open on Wednesday, but found plenty of support and continued the rally that we have seen over the last couple of sessions. Being preceded by 2 hammers, this should not have been a huge surprise, and I think at this point were going to go looking for the $50 level. That would be a continuation of the move after the downtrend line break, but I think there is going to be a significant amount of resistance near $50. Short-term traders will be far too tempted to test the area and not to go long, but I need to see a daily close above $51 to get bullish longer term. Even then, we probably have a ceiling somewhere closer to the $55 level. for more analysis: http://www.dailyforex.com
The WTI Crude Oil market fell during most of the session on Thursday, but found enough support at the $48.50 level to turn around and form a hammer. Ultimately, it looks as if we are going to continue to try to go towards the $50 handle, as hurricane Irma is going to continue to be on the minds of traders. We don’t know where it’s going to go yet, and depending on where it lands, this will dictate where the WTI market goes. Because of this, I believe that if you buy at this level you are chasing the trade. I suspect that if we get an exhaust a daily candle, especially near the $50 level, that’s a nice selling opportunity. This is a very dangerous market. for more analysis: http://www.dailyforex.com
The WTI Crude Oil market rallied rather significantly during Tuesday’s trading session, breaking well above the $50 handle. However, we remain just below the $51 level, an area that I think will continue to be resistive. If we can break above there, then the market should go towards the $52.50 level. That’s an area where I would anticipate seeing quite a bit of resistance, and a break above there would be very bullish indeed, perhaps sending this market towards the $55 level. Alternately, if we break down below the $49 level, the market should continue to drop from here and go down to the $46 level. There is a lot of noise in this market, and I believe that we will see short-term traders go back and forth and slam around the market as oversupply continues to be an issue, just as OPEC meddl...
The WTI Crude Oil market rallied initially on Monday, but found the $50 level to be a bit too resistive. After the very bearish candle that formed on Friday, looks very likely that we are going to continue to go lower. If we break down below the $49 level, then I think the market is ready to go to the $47.50 level underneath, and then eventually the $46 level. Alternately, if we break above the $50 level, I think that the market could go to the $51 handle, and then the $52.50 level. This is a market that will continue to be very choppy overall, as there are a lot of concerns when it comes to OPEC pricing and then of course the oversupply of crude oil. Ultimately, I think that the market will start to sell off again, but clearly there is a lot of chopping to do in the short term. for more ...
The WTI Crude Oil market initially tried to rally during the day on Thursday, but found the area above the 50-day exponential moving average to be far too resistive. The $45 level continues to be massively resistive, and we turned around to form a shooting star. That is a very negative sign, and if we can break below the bottom of the daily range from the Thursday session, the market should then go looking down to the $42.50 handle. We are in a longer-term downtrend, so this makes quite a bit of sense, and I believe that the sellers will of course continue to take advantage of the overall pressure and of course the oversupply of crude oil around the world. If the US dollar starts to pick up value, this market should continue to go even lower. for more analysis: http://www.dailyforex.com
The WTI Crude Oil market initially tried to rally on Wednesday but was turned around at the $50.75 level. There was so much in the way of bearish pressure that we turned around and broke below the $50 level to form a shooting star. The shooting star suggests that we are going to continue going lower, and that we may test the vital $49 support level. I think at this point, the crude oil markets look like they are ready to sell off again. However, this is an area that there is a lot of noise based around, so I would expect very choppy conditions. If we were to break above the $51 level, then I think we go back towards the highs. Otherwise, a breakdown below the $3 handle, the market could fall apart. for more analysis: http://www.dailyforex.com
The WTI Crude Oil market bounced during the session on Friday, reaching towards the $45 level above. That is a level that has a certain amount of psychological significance obviously, as it was supportive in the past and of course it’s a large, round, psychologically significant number. If we rally from here, the market will continue to find sellers above, somewhere near the $47 level. An exhaustive candle is exactly what I’m looking forward to start selling, as the market is most certainly bearish in general. I don’t see any reason to try to return to the bullish side of this trade, as it is so bearish in general. Any bounce at this point must be look at as a nice selling opportunity. for more analysis: http://www.dailyforex.com
The WTI Crude Oil market initially fell on Wednesday, but found enough support underneath to turn things around and rally. We are now testing the top of the range for the last several sessions, and I think we may go looking towards the $52.50 level next. I think the $50 level underneath is support, and if we can stay above there, we will more than likely find plenty of buyers to get involved in the market as we continue to see Russians and Saudi Arabian ministers talk about cutting production. That of course puts a little bit of a floor in the market, and I think at this point the overall upward pressure should continue. However, if we were to break down below the $49 level, I think that we will continue to go lower at that point, as it would be a significant break of support. for more an...
The WTI Crude Oil market broke down significantly on Friday, slicing through the $50 level. This is a very bearish turn of events, but I also recognize that the support level that starts at the $50 level probably extends down to the $49 handle, and therefore I think a breakdown below that level is probably needed to start shorting with any type of confidence. That being said, I certainly would be a buyer at this point. I would need to see the market break above the $51 level to feel comfortable doing so, especially because of the massive amounts of volatility that we have seen lately. If we break down below the $49 level, the market should then go looking for the $46 level under that. Alternately, if we break above the $51 level, the market should then go looking towards the $52.50 level a...
www.DeCarleyTrading.com - Carley Garner, experienced broker and author of "Higher Probability Commodity Trading" discusses the process of analyzing the crude oil market using tools such as the Commitments of Traders Report (COT Report), commodity seasonality, technical analysis, and market sentiment analysis.
The WTI Crude Oil market initially tried to rally during the day but turned around to form a massive shooting star. There is a lot of noise in this general vicinity, so I think it’s good to be a very choppy market to deal with. If we were to break down below the $51 level, I feel that point the market goes looking towards the $50 handle. A breakdown below the $49 level census market much lower. Alternately, we break above the $53 level, the market should continue to go towards the $55 level. This is a very choppy market, and I think will continue to be volatile to say the least. Given enough time, we will make a decision, but right now I think you are probably better off to wait. for more analysis: http://www.dailyforex.com
Today should be an interesting session for the WTI Crude Oil markets, as we have a couple of things to pay attention to. We obviously have the Crude Oil Inventories announcement, which of course is a major influence on this market. We also have the Federal Reserve interest rate announcement, but more importantly the statement that follows. The statement should give us an idea as to how monetary policy of the Federal Reserve will be, and that greatly influences the value of the US dollar. If the US dollar falls due to a dovish tone, that should help crude oil rally. I suspect that the Federal Reserve may be a bit hesitant to sound hawkish due to the recent hurricanes, so we have the opportunity to see real volatility in this market. If we break down below the $49 level, I think we go to the...
The WTI Crude Oil market rallied on Thursday, showing extreme amounts of strength initially, using the $50 level as support. The $51 level was a bit too resistive though, so we sold off a bit. However, we broke above the shooting star from the Wednesday session, so that is a bullish sign. I think we continue to see volatility in this market, and I think that we will go looking towards the $52.50 level. Alternately, if we can break down below the $49 level, the market should breakdown and reach towards the $46 level. There is a lot of volatility just waiting to happen in this market though, so keep that in mind. With the jobs number coming out today, it’s likely that we will continue to see volatility in the US dollar, and that will translate into volatility in this market. for more analys...
The WTI Crude Oil market had a volatile session on Monday, using the $42.50 level for support. It looks as if the market could try to find buyers in the short term. However, I’m still very bearish of this market and I recognize that the oversupply continues. I would be more than willing to start selling, on signs of exhaustion and overextension. I believe that the market continues to offer opportunity to short this market but we of course are perhaps a little oversold in the short term. A breakdown below the $42.50 level should send this market to the $40 handle. I believe that the oversupply of crude oil will continue to be a punching bag for hedge funds around the world as they are starting to abandon all hope of OPEC getting a handle on the situation longer term. for more analysis: htt...
The WTI Crude Oil market fell during the session on Thursday, reaching down towards the $47 level. However, there is a tropical storm that is changing over into a hurricane heading towards the Gulf Coast refineries, so will be interesting to see what happens next. If we get some type of massive storm on Friday and the weekend, it’s likely that we will see the market rally towards the $50 level, and perhaps even break above there. Otherwise, I think that rallies are to be sold. I also think that eventually when things calm down, the sellers will return as well. I am bearish of oil, because quite frankly we just don’t have the demand yet. Having said all that, there is a possibility of a short-term pop in price, and that of course could be a nice smash and grab trade. for more analysis: htt...
The WTI Crude Oil market initially rally during the day on Thursday, but found the $50 level to be resistive enough to turn things around and form a shooting star. If we can break down below the bottom of the range for the day, I think that the market then goes down to the $47 level. Alternately, if we can break above the top of the shooting star, that would be a very bullish sign, sending this market towards the $51.75 level above. I think we will see a certain amount of volatility, but it makes sense that the $50 level has offered resistance. Ultimately, I think that the market should continue to be volatile as it is moving on several different issues at the same time. I believe longer-term, the markets are still going to be bearish as oversupply of crude oil continues to be an issue. f...
The WTI Crude Oil market gapped higher at the open on Wednesday, clearing the $50 level. We went as high as the $51 level but found some resistance. By doing so, we turned around to look for some type of support, and I think we will find it somewhere near the $50 level. If we can break above the highs of the session, I think we then go to the $52.50 level. However, if we were to break down below the $49 level that would be a very negative sign for crude oil. I believe we will continue to see a lot of volatility, and the Federal Reserve being a bit more hawkish than anticipated could provide yet another reason to think that this market will be difficult to handle. for more analysis: http://www.dailyforex.com
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