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Makes sense.
I'm not seeing the candle at 54 getting covered. Essentially from here on out, if this were to retrace to 54, the overall trend will be broken.
Gotcha, thanks.
Just wondering, why would you place the trend line there instead of the 2 lows?
Double bounce off of $56.21
The Sunday night/Monday morning gap filled.
The main thing to watch for is it doesn't break the 42 47 main bullish tend line. (sorry on mobile so imbedded chart). I think the trend line his 54 on the 22nd or 23rd
I kink you belong on the Yahoo message board, not InbestorsHub.
Congratulations, you've made my ignore list.
Thank you! That's what CLx is that I see people post charts for every so ofter.
Thanks for that link; been there before. It is showing the same info as the other site I use/referenced. Still Jun futures.
Where can I see current price?
I think you have reading comprehension issues...
Interesting. I was under the impression that http://www.dailyfx.com/crude-oil and http://www.cx-portal.com/wti/oil_en.html etc were spot WTI prices; they are really futures prices though huh?
Could you offer any sites to see realtime WTI prices?
Forgive my ignorance, I'm new to oil trading...
How is this down when oil is still way up from Friday? Anyone know what time this thing resets everyday?
Woah! Check out that gap!
Well below now. Maybe some testing going to occur.
Yep, dumped mine for a small loss and flipped back to UWTI
Anyone else in DWTI today?
That trendline is key.
If the naked bars are going to be covered the $53+ one needs to be covered today and the $54 one has 'til next Thursday or WTI will fall below the trendline...
WOW! BLEW through 57!
Glad I got back in when I did!
We've got til about April 22nd or 23 to cover it; that's when the trend line makes it to $54
Out today at $77.51. Happy with that.
Back in UWTI @ $3.26
What time does the oil report come out today?
Flipped to long DWTI @ $74.77 but am at my max day trades so got to hold over night. Oh well see what happens in the morning I guess.
Incredible volume today!
If we continue along that trend line, WTI will be ~$90 by September. Woohoo
Where is this new low you've been talking about for days?? (snicker)
Hope there is a bit of a pull back to load up more...
Not sure I follow.
I wanted more shares than I could buy with cash but I cant by stocks below $3 on margin (TradeKing) so instead is shorted DWTI.
There were shares available; order filled instantly like any other trade.
Best thing was, I did it in the field in the middle of the woods during a prescribed burn using the mobile app!
I sold EOD yesterday unfortunately. Damn hindsight!
This thing is going nuts!
I shorted dwti yesterday at 93.50.
Can we get action today like last Tuesday?
You are correct.
UWTI:
Long: Make make money when oil goes up
Short: Make money when oil goes down
DWTI:
Long: Make money when oil goes down
Short: Make money when oil goes up
Look at the 5 minute chart of WTI... freaking rocket!
Since UWTI is a trading vehicle for WTI I don't think the price of WTI will adjust to fill a gap in UWTI. Could be wrong, jmo.
Think we bounced off the trend line just a bit ago!
Crossed 100 and 200 MA on the minute chart. Go time?
Narrow trading channel today...
Going long is not a duration but rather a price direction.
From investopedia:
DEFINITION of 'Long (or Long Position)'
1. The buying of a security such as a stock, commodity or currency, with the expectation that the asset will rise in value.
2. In the context of options, the buying of an options contract.
Opposite of "short" (or short position).
Read more: http://www.investopedia.com/terms/l/long.asp#ixzz3Wl7FY9TL
Follow us: @Investopedia on Twitter
http://www.dailyfx.com/crude-oil
We're watching WTI