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Hey guys, I see that the April contract expires on March 18, I wrote some call options on the May contract (the 105 call at $4) but I own the April contract on oil. I want to rollover my contract with minimal contango cost, will I have until March 18th to do the rollover or do I have to have...

And what about Iran, Bahrain, Saudi Arabia, and Oman? The article fails to mention any of them.

What if we break into 104 though? Then what? ;)

Closed my short out and I'm long oil now, I don't see this middle east situation as getting any better.

I agree with you on the overnight pumps but I feel that it's becoming risky as we've had the overnight pumps establish the head and shoulder, now we have a confirmed bearish pattern, I could easily be completely wrong we could easily have an overnight pump, at one point I went long at 96.90 but...

Head and shoulders with neckline broken

I've had good experience using a 5min chart for CL, although there are some people here who use a 3min or use the 3min in combo with the 5 min.

I was thinking of going long for the overnight session as well, just looked at the chart and saw what you referenced, eh.

Actually I'm curious to find out more about this myself, I usually use a "fast" stoch, I've changed now to a "slow' stoch based on someone's suggestion and I use 14k 3d as the settings for it.

Shooting star on the weekly /CL, also shows the trading range with a regression line and channel. NoDoji's friend calls this a FU candle. Your criticisms and thoughts are welcome.

What are your predictions for next week? And why?

I supported and voted for Obama but he's really pissing me off by being such a big talker but doing absolutely nothing at the same time. Come on already Obama.

Why is the spread between Dec 11 WTI and Dec 12 WTI a negative -1.55? And another question, what is the effect on margin requirements for trading a spread. If I long and short a contract, will I have to have 2x the margin requirement or will it count as one contract?

LOL, I actually daydreamed a scenario in which I would. Funny how a rumor that the guy had a bullet in him makes oil drop so much.

Just turned from a green FU to a red FU, haha....was it you that said your friend calls it that?

Is that a big FU candle I see on the daily chart?

What do you think will happen in regular hours because of this?

Jesus christ, we just printed a high of 103.41. Just read a report that rebels are closing in on Tripoli, they're going to give it to all the shorts before this falls eh?

Here is the link with article in the reporter's own words: http://www.cnbc.com/id/41743620 Commentary: What Saudi Spillover? Oil traders fearing Saudi spillover should have been with me tonight trying to get back to my hotel after dinner in Riyadh. Fayez Noureldine | AFP | Getty...

I think that's how it was for Egypt, that's how it is for other countries but when it comes down to psycho Gaddafi and Libya, it's not gonna work like that. He wants to break all hell loose. But then again, U.S. imports of Libyan oil are so minor that I am still surprised to see this much of a...