Investing.com - Financial Markets Worldwide
🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Crude Oil WTI Futures - Oct 24 (CLc4)

CME
Symbol
Exchange
Currency
CLDerivedUSD
WTCLc2ICEUSD
WTCLc5ICEUSD
WTCLc4ICEUSD
CLc7CMEUSD
CLc6CMEUSD
CLc5CMEUSD
CLc4CMEUSD
WTCLc3ICEUSD
MCGBc1MCXINR
WTCLc1ICEUSD
MCGBc3MCXINR
MCGBc2MCXINR
CLc3CMEUSD
CLc2CMEUSD
CLc1CMEUSD
JCOc1TOCOMJPY
Currency in USD
Disclaimer
76.38
+2.06(+2.77%)
Delayed Data

Crude Oil WTI Futures Discussions

any idea why crude is still below 80?
/-/ ! |< /-/ ! |< ;-)
My view: Long term buy has been created this morning 200 week EMA 75.65 and eying on to establish trade above 100 week EMA and 50 week EMA both sits at 79.15 . once trade sustains will take the market to fill the wave swing till 88.76 around. wave law will be completed on achieving the mentioned figure. Good Night and good luck to all ..
Have a great evening all…till the morning.
What a fantastic day, still holding longs in profit from $74.69 $77.06 $77.23 and $77.50. See what happens tomorrow.
The way it held up at the current level makes me think momentum is strong enough for a few more dollars.
I think some rate cut hopium was prevalent today too.
why did DXY go up then? this doesn't add up. Possibly something geopolitical is brewing in the Middle East.
Good question. Very odd day as the ES and NQ reached new highs. Just keeps getting trickier.
Or, as they say, fresh highs.
who have experience with Fundingpips?
all in..ETF.. it is a basic movement... do not worry...
some time we need to read the information shared , as we all are speculator.
Jun 04, 2024 12:06PM ET The United States still has to fill the SPR . So sooner there will be a big buyer in the market . These lower prices will have that be a reality. At this point I think this is a value trade just gonna happen now
The Dept. of Energy announced a week ago that it's buying 3 million barrels with a November delivery. So are you talking about more buying?
Biden's rushed purchase of 6 mbbl also played a role
Americans consume around 20 mbbl/day so the quantity of it is small but headlines in itself maybe pushed this up. Funny that Goldman interpret the OPEC meeting as bearish but probably they among others that bought at the bottom while we tried to short :)
https://www.reuters.com/business/energy/us-buys-3-million-barrels-oil-strategic-petroleum-reserve-2024-06-03/
Oil is a crazy horse. I wouldn't be totally surprised if it takes a sweep slightly below 75 before moving up again.
yeah somehow it was a big miscalculation by some biggies. I wonder what happened in reality.
The mistake is never yours huh? Always, the big boys tricked you, or oil is behaving crazy. That is ego-trading at its finest.
I'm talking about volatility in general, not whining.
Just what she needed as the CARS said...
These articles are ridiculous, now all of a sudden there is tight supply and high demand in the summer season. lol.
Lol, i know right. Just pure manipulation. Make money either way.
I like the gold chatter--2 days of "governments are buying more than ever" followed by "China quit buying". Who writes this crap, JP Morgan?
Plausible
Ol f’ thinks the US will allow oil to go to 99 before elections. It doesn’t matter what the front fly is trading
short position are at record high. Big players will eat all.. there is not even 10 cent fall... you need to understand this
So what has changed in a week so drastically? Was it just a gross miscalculation and misinterpretation of the OPEC+ decision by the speculators?
I do have a mental stop loss around 79, if it's going to hold around there, I'll close in loss. Stop losses are not very effective in oil, as it moves erratically and often reverses quickly
That requires a lot of discipline
Mental stop loss is REALLY hard when you are already in a loss. I know from experience.
Would be time for a round jenga ... Not adding more Shorts at the Moment Just waiting and Sold some Position with very little Profit to get a better margin
morning i told you guys mark my words anyone remember
its very hard for the market to trade below 77.49 as the support has been done now. Either it has to touch 78.68 or 78.88 before any minor corrections.
Very bullish to end the day this way. Eating into the upper daily demand.
Won't short until there is a clear downtrend, likely price will push further up first, RSI is clearly oversold
Bil_lr's underwear cracked today, lol
...
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.