Crude Oil Trading

[DSM]

OPEC representatives meeting Iran to convince them for an output freeze. Depending upon the outcome, volatile move expected in Crude. It seems unlikely that Iran will agree for limited quota (In my view) Should know soon....

lowest blue line support $ 28.7 , upper lines resistance 30.2$, 30.7, 31.4$

 

[amitagg]

Yes investing . Com news says that.......
It should go both ways 1935 and 2114
My view IF above 2065 shall hit 2114
if below 2000 shall hit 1940
Let's see if spikes or breakdown in vertical form fools us all ......

 

[amitagg]

Crude has form harmonic at 1805 low so bear retrace in play ( on upside) in full force for positionL . No impulse seem hence not bull but bear retrace

Can hit 1935 -1875 and again rise to 2200

At lows it has to accumulate and whipsaw before reaching 2500.

 

[amitagg]

ravi Bhai, thoda explain kar do.. daily chart kya keh raha hai, kuch samajh nahi aaya..
UT start nahi hua , shayad yahi bata raha kya?

U can see clear harmonic visible on daily .. For upside trigger without breaking 1860. SL is wide so play system and intra day only:rofl:

 

[amitagg]

Good and active thread - Hope you folks don't mind me joining :]
A brief - Been trading crude based on bollinger intraday | period 5 minutes, was doing okish until the great fall wiped all my profits and ate in to on my capital.

Been reading through this thread ++
Curious for suggestions on trading styles - A humble follower

- Happy trading oil czars

No bollinger unless an expert and in trend play intra day
Use other systems .... Bollinger not trend but contra trend ... So have to learn befor PE utilising
Can play W and M patterns though

 

[Silentshadow]

Dear Amit,

Thanks for your reply - not an ace trader over here.
Amit, Can you please guide as where to start ? How to set these things up? I am willing to toil hard and study. Not one of those who would like to be spoon fed but a helping hand would be highly appreciable.

P.S : Not a very high technical guy on financial markets, Just an IT minion trying to make some $ to beat the inflation. Think its a big ask is it?

No bollinger unless an expert and in trend play intra day
Use other systems .... Bollinger not trend but contra trend ... So have to learn befor PE utilising
Can play W and M patterns though

 

[TraderRavi]

bullish pressure is very high

 

[ganeshams]

bullish pressure is very high

2100 Cross hogaya kya???

 

[ganeshams]

2100 Cross hogaya kya???

Boooooooomm High 2110..:lol::lol:

 

[amitagg]

Yes investing . Com news says that.......
It should go both ways 1935 and 2114
My view IF above 2065 shall hit 2114
if below 2000 shall hit 1940
Let's see if spikes or breakdown in vertical form fools us all ......

Hit 2109 instead of 2114
Cmp 2087 exit