Spot oil


Legendary member
63,404 3,726
looking at spot wti October on 15 min line with the dots as the close
shows the trend that started on 21st august/last wednesday


Legendary member
63,404 3,726
looking at that line chart in p/f format
box size of 20 cents/1 box reversal
we can see that oil started getting bullish on friday/light purple line,then it broke out today at 12 noon/red line,and now we have a possible new breakout point above 109 area/purple
trend support is green line at 107.50 area.the red breakout point is 107.20 area
so,if there is an upside failure,then the 107.2-107,50 looks interesting
there is al;os horizontal supp above
this break is all news could turn quickly
with this in mind,we have a roadmap for price action
  • Like
Reactions: rsh01


Legendary member
63,404 3,726
and we got the break of 109.00 overnight to 112.15 area
now retracing to trend support at 110.90 area
lets see if it holds


Legendary member
63,404 3,726
update on our oil trade
lilac line is the signal to go long last night.profits booked at the break of that minor trendline at the top
then a new signal to go short this morning at the break of the redline
price went into a consolidation with the 110.90 area we pointed out last night as res and 109.20 area being support
no clues as yet for the new direction


Legendary member
63,404 3,726
trade plans for the next moves
uptrend support/green at 108.50 area
support/aqua at 109.20 area
followed by a couple of breakout points on previous uptrend at 109.20 and 108.60
then there is trend res and horizontal res at at 110.40
so,uneless we get an adrenaline rush,then these areas to watch for bullish and bearishness
no real clues as to the direction


Legendary member
7,600 2,375
Hiya d007,
Good move starting a thread on oil!

I've noticed you posting dot charts both here and on other threads you subscribe to. Although I've been aware of them for yonks, in all my years on T2W, I don't recall every seeing them posted before. So, just wondering if there's any specific reason for using them in preference to a simple line, bar or candlestick chart?

Looking at the chart below, the 108 area looks very significant. However, I don't trade commodities and I'm not sure how significant it is in light of what's going on in Syria? I imagine that an announcement by the U.S. administration that they are going ahead with military action may be significant. Then again, from the little understanding I have about oil, Syria isn't a major player and, therefore, anything that happens there isn't likely to impact price very much.


Last edited:


Legendary member
63,404 3,726
Hi Tim
to all other members
line chart connects the closes to the next dont what the close price is for that chart timeframe.the dots are the close price
that explains that
why do i post them ???
cos it is better to track the price by using the close and trends can be seen easier....PLUS
it relates to a pf /close chart...
meaning you can see breakout points,trends and possibly even vertical and horizontal counts without really having to resort to p/f software...then if the chart looks interesting you can load up the data into a p/f charting package.
so from metatrader4.You can download the closedots indecator and the period converter indecator and really get a good feel before you think of going tp p/f
Also....some more good bits
by moving around timeframes with period converter with closedots loaded aswell,you can visually optimise the chart..before rea;;y looking at p/f
for my own trading..i just pick off the more
i just want to know when they started and what t/f..then i can move around
so ..longer term trends
then intermed and then short term
here is another good is essential Not too include consolidations..treat each new trend separately
hope this explains
  • Like
Reactions: timsk


Legendary member
63,404 3,726 takes a little bit of practice..about 15 minutes and you have to think in p/f


Legendary member
63,404 3,726
a look into next week
spot oil
5 min data
shows the trend/up that started on sept2
2 phases supp line
2.a new trend that started on sept 5th
so..either we break res/red
or we test support
1.horizontal can pick these up from a candle chart
2.trend supp aqua/purple area $109 area
there is a previous breakout point at 108.50 area/orange
or..back into the main supp area at 108

lets see what happens


Active member
235 6
Hi guys, new to the forum, I have been trading for about 6 months now, and I have a question about crude oil. Is the trend currently bullish or bearish, thank you.


Legendary member
63,404 3,726
Hi guys, new to the forum, I have been trading for about 6 months now, and I have a question about crude oil. Is the trend currently bullish or bearish, thank you.
its rangebound
4 hour data
some minor trends there...but no more than that
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock