Crude Oil Trading

The local and the international.

Looking at the rise and fall of an empire (err crude oil) only through candles, nothing fancy.

Does this move has the potential to make a higher top beyond 3500/54.10?
Analysing the monthly chart, bulls have enough momentum with those higher bottoms in place to make a higher high. This months candle is not complete, there are 8 more sessions and since the mid term trend is positive, the chance of bulls attempting to close near or above those levels is more.

In the midst of market makers attempts to take the price above 54.10 or letting the oil prices languish in bottom and swing between 40-50 USD.. lets explore the opportunities and trade accordingly.

This weeks big candle closing in weekly chart , last weeks high was 3113 and since the trend was bullish.. the dip to 3120 in session four of this week was an insult to the bulls.. they had to save their dignity so the price is where it is now

Weekend Oath # I will never brag on TJ on my trades. I am learning to be a humble trader

P.S- Valid till 21st May


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That's Clever, Bro! :thumb:
Valid till 21st May 201X.....

When u share ur happiness it doubles and when share you sorrow it is halved so win-win situation

Looks like gap up

Hmm, it seems i missed those posts. :lol:

....Izzat Hey


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Booked 50% at 3307 , from 3100, holding rest 50% from 3030 (May series, rolled over with 20 point premium).

Reason - system suggesting another dip, will renter this 50% long. No shorting, though I know contra will make it dirty today. And I am waiting for the same


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What does rolled over with 20 pt premium mean? Does it imply penalty?

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The next month Future was priced higher from expiry month by 20 points - thats what I meant. So I could close 3200 in may and buy 3220 in June for each lot


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