Anticipating The Next Oil Market Moves

28 Feb 2023

Hey guys,

Lets look at US OIL.

Tracking oil markets is far easier as sentiment comments in the news don't really need deciphering.

We saw large periods of harsh and rash movement + extreme prices based on high volatility Trading and news influx.

Now, the story is different and people are not rushing to buy oil on the black market or making contingency plans.

Lets go over it and discuss how we can trade it.

Watch for more.

28 Feb 2023

Catatan

Looking for 66/67 for longs 81/84 for shorts front runner first.

3 Mar 2023

Catatan

Scalp shorts can be taken now but MUST be very light.

4 Mar 2023

Catatan

Looking for pushes up next week circa 81 for light shorts.

Risk averse shorts come further at 84

Likely if long side bias sentiment continues.

7 Mar 2023

Catatan

SZ1 hit. Very light entries

7 Mar 2023

Catatan

Exit for gains

7 Mar 2023

Catatan

Completely out of shorts. Any RE push to 81 constitutes very light entries, mid level entries come 84. Early Exits on both.

8 Mar 2023

Catatan

Out for gains.

9 Mar 2023

Catatan

May see a tiny bounce mid market..

However Market remains weak no real upside impetus.

Look for 67

9 Mar 2023

Catatan

^ Make sure if you are Day Trading you are Out early on any upmoves.

13 Mar 2023

Catatan

you can lightly long at this current pa level. Must be very light Or hold off until risk averse 67$

13 Mar 2023

Catatan

boom exit for gains.

13 Mar 2023

Catatan

Very, Very light longs if you take them EARLY exits.

67 for longs

14 Mar 2023

Catatan

OIL getting stung. Let it drip..

15 Mar 2023

Catatan

Remember this is an enormous lesson in Trading oil.

The constant poor price movement tells you there are not many oil buyers.

That is why we wait for levels where we know there is likely to be buyers (good PA).

See aformentioned for this.

15 Mar 2023

Catatan

Scale in long.

15 Mar 2023

Catatan

exit longs out for gains.

16 Mar 2023

Catatan

RE light long circa 66-67$ P Barrel

16 Mar 2023

Catatan

Exit any longs

17 Mar 2023

Catatan

Too early for shorts; larger rise needed,

Looking long under last low.

20 Mar 2023

Catatan

RE long at current PA zones.

Use Indicator REF.

20 Mar 2023

Catatan

Exit for gains.

21 Mar 2023

Catatan

Exit all longs look short 72

22 Mar 2023

Catatan

Be wary of pops on news.

Light front runner OK at this point remainder at 72.00

23 Mar 2023

Catatan

Start scaling in short

23 Mar 2023

Catatan

Out for gains again.

24 Mar 2023

Catatan

Oil weak longside hold off longs until RE attack further PA levels 62/63.

27 Mar 2023

Catatan

Alike many other markets sentiment limited.

Light shorts just over 72 and longs preferrred 62-63 area (risk Averse)

27 Mar 2023

Catatan

Light shorts in now.

28 Mar 2023

Catatan

Looking for earlier exits circa 71

29 Mar 2023

Catatan

Still short at current PA

29 Mar 2023

Catatan

Exit Shorts

31 Mar 2023

Catatan

Only VERY light shorts early exit.

More risk averse or safe traders can hold off until 80.2 Area. 63 for longs preferred.

3 Apr 2023

Catatan

Exit shorts taken @ 80.2. Looking for slight higher to 82 RE entry.

TAKE NOTE of recent OPEC news for sentiment with updates to come.

9 Apr 2023

Catatan

Double note if you are a longer term trader/risk averse trader then 82 is not for you. Updates will come on higher Entries.

12 Apr 2023

Catatan

looking 94/95 for Front runner Entries.

20 Apr 2023

Catatan

Looking for longs circa 74.5

30 Apr 2023

Catatan

Still awaiting 73.5-74.5 Area for longs

11 Jun 2023

Catatan

Price Still teetering in sideways channels. shorts and longs light and in line with natural price movement and structure.

14 Jun 2023

Catatan

Brace and Place Orders PRE news.

20 Jun 2023

Catatan

Expecting fall under PREV lows. TGT for longs still much lower.