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  1. I

    CL Redux

    Prsent crude oil and GASOLINE inventories are at VERY HiGH levels compared to Historical levels , in two weeks time we should see WTI CL below $100 Level . <img src="http://www.bespokeinvest.com/storage/Crude%20Oil%20Inventories%20071013.png?__SQUARESPACE_CACHEVERSION=1373467588888"/>...
  2. I

    CL Redux

    Good article on how Refinery companies stock price under pressure due to reduced Brent/WTI Spread Shrinking Brent-WTI Spread: Why You Should Avoid These Midwest Refiners http://beta.fool.com/sarfarazis/2013/07/12/shrinking-brent-wti-spread-why-you-should-avoid-th/39938/
  3. I

    CL Redux

    <b>US gasoline cost $3.5908 on July 12, down from 3 weeks ago </b> http://www.reuters.com/article/2013/07/14/energy-gasoline-retail-idUSL1N0FK0HK20130714 * Gasoline retailers seen hiking pump prices to pass on cost * Supply seen ample, refining capacity utilization high NEW YORK, July...
  4. I

    CL Redux

    <b> CHINA Industrial Output Down in JUNE </b> 1/ China's gross domestic product in the second quarter grew by 7.5% versus last year, a slowdown from the 7.7% registered for the first quarter. The figure, however, was in line with estimates in a survey of economists by Dow Jones Newswires...
  5. I

    CL Redux

    <b>Hedge funds held a net LONG position of 281,918 contracts during the week ended Tuesday</b> NEW YORK--Money managers boosted their bets on higher oil prices to the highest level in more than two years during the week ended Tuesday, according to government data. <b>Hedge funds and other...
  6. I

    CL Redux

    December 2013 ( Brent -WTI CL ) spread chart is shown below. Once WTI CL pulls back to $100 level in few weeks , this spread should come back to $8 range from the current $5...
  7. I

    CL Redux

    After today excessive CL sell off , I See CL range bound AROUND 103 to 106.50 next 3 trading days ( with NO extreme EVENTS ) . NEWS: ----------- <b>US oil sinks as fears of Midwest crude squeeze ease</b> http://www.reuters.com/article/2013/07/11/markets-oil-idUSL4N0FH10F20130711 1/...
  8. I

    CL Redux

    Based on above , after today WTI CL Excessive Sell off ( Spread Buying ) , WTI CL should touch 105.75 by tomorrow .
  9. I

    CL Redux

    Here is my Hunch , GOLDMAN SACHS and friends might have BOUGHT BRENT/WTI Spread in a very big way today at historic 2.5 Years LOW PRICES of $1.5 to $2 today when WTI traded at $107+ today . Buying BRENT/WTI spread = ( LONG BRENT/SHORT WTI CL ) Buying the above Spread means...
  10. I

    CL Redux

    <b>WTI Crude NOT sustainable at $110 level </b> Here is another Reason WTI Crude CL is NOT sustainable for WEEKS at $110 level . Goldman Sachs , UBS , Duche Bank all must be busy BUYING this spread for their LONG TERM ( 1 year) Millionaire Clients and for themselves which is historic 2.5...
  11. I

    CL Redux

    GOLDMAN SACHS is laughing all the way to Bank as he is CLOSED BRENT/WIT spread a week ago below $5 which was opened last year in $15-$20 range . <b>Goldman closes Brent/WTI call as spread hits 2.5-year low</b>...
  12. I

    CL Redux

    Here is CL 100 WEEK Linear Regression Channel . - The Inner band is 1 Standard deviation , the outer band is 2 STD - EMA is 15 week typical price (h+l+c)/3 few observations: 1/ in 2012 March , before raise (to $110) crude has a base of $100 , that is 3 months bars hovering around...
  13. I

    CL Redux

    Hello everybody, back from Long Hibernation . Here is CL 100 day , 50 day Linear Regression Channel . The Inner band is 1 Standard deviation , the outer band is 2 STD <img src="https://www.tradingview.com/x/F0IPnyAb/"/> <img src="https://www.tradingview.com/x/x3jwdCgS/"/>
  14. I

    CL Redux

    Here are some reasons I was thinking for this strength 91+ ( even on the face of EURO 1.220 ) was last 2 days developments of a) Syrian Opposition big blow to inside Govt. circle attacck b) proposed UN sanctions on Syria that came to Vote ( of-course Vetoed by Russia and China...
  15. I

    CL Redux

    Mideast crude tanker rates fall to 9-month low http://www.reuters.com/article/2012/07/16/tankers-shipping-crude-idUSL6E8IGF6020120716 The world's benchmark VLCC export route from the Middle East Gulf (MEG) to Japan DFRT-ME-JAP reached W33.88 in the worldscale measure of freight rates, or...
  16. I

    CL Redux

    it seems yesterday CL push to 86+ may be related to this news . We retails traders may not get news in time, but Big guys may have it before pit close ( news cables etc... )
  17. I

    CL Redux

    Buffett Says Euro Destined For Failure Without Rule Changes http://www.bloomberg.com/news/2012-07-13/buffett-says-euro-has-fatal-flaw-can-t-survive-on-present-rules.html Billionaire Warren Buffett said the euro is destined for failure and must be reworked if the 17 countries that share the...
  18. I

    CL Redux

    U.S. Stocks Rise As JPMorgan Jumps Amid China Speculation http://www.bloomberg.com/news/2012-07-13/u-s-stock-futures-gain-amid-china-stimulus-speculation.html “Six straight days down, the market is looking for something better,” Tom Wirth, who helps manage $1.6 billion as senior...
  19. I

    CL Redux

    <b>U.S. Sanctions Iranian Tankers To Tighten Oil Noose </b> http://www.bloomberg.com/news/2012-07-12/u-s-adds-sanctions-on-iran-for-proliferation-oil-trade.html Jul 12, 2012 7:55 PM PT ( yesterday Night news ) 1/ <b>The Obama administration sanctioned the National Iranian Tanker Co...
  20. I

    CL Redux

    one Observation: ------------------------ a) Last few days CL is dropping to 84 and eventually pushed to 86 irrespective of market conditions for the day. b) I smell a pattern here . It is seems this patterns is crated by Big Boys to condition other market participants that 85...
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