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Your right 41 to short would be a good entry just wondering if we can get it here over night or in New York after we put in an over night low.

Don't like this session for long bounces at the moment seems the bounces are shorter and shorter and the selling looks like it could lead to some good liquidation over night. The best way to trade this is to just work the night. Not really make predictions such as the ones I made regarding the...

Once it broke 40 we are now looking at high 37s downtrend still intact. Longer term 25 should be hit. I think it is easy to get brainwashed into trying to pick longs just because we all remember that 147.00 price. Bottom line is it should never have been that high in the first place.

then possibly low 42s for the high tomorrow. I believe there will be an attempt to go green over night at least once and rally a bit . My analysis is based on the Friday close, which came off well off of its intra day lows, indicating we might go a bit higher from here.

Crude loves squeezing shorts if I were to sell I would sell somewhere in 43s and 44s as Spanish suggested below. I would not be suprised to see 42s over night. just on the sidelines right now as I missed the move earlier as I was going to buy long at around 40.26 and sell in the 70s. Missed...

possibly 37s today.

But and there is a big one Oil tends to lag many times. Have been trading it some time now and I would change that sell order to the very least 48.20 usually it over shoots and likes to eat shorts or longs for that matter it seems to know where the stops are and the way we think. It sounds nuts...

My personal high target for Monday is 49.75 possibly even an attack over 50.00. Point of this post is to be wary of trying to sell in the high 47s. Over night high of 48.68 will probably be re tested sooner rather than later. Just let the market come to you.

Just a bubble that will burst eventually just like when Amazon was 400.00 a share, I remember analysts coming out on television defending that price with straight faces and fancy suits, this is no different people. Just play the game.

IM so tired of reading about China and India supply and demand, to me thats the typical boomberg/CNBC dumb ass answer. For all you who keep citing demand do any of you realize that we have a glut of oil around the world? Do any of you realize that the supply numbers show we have actually more...

I just read on another message board that there was a fire and a major shut down was occuring, hence the spike? Can someone confirm or deny this?

How convenient I just read on some other message boards that two major pipelines were shut down this Monday morning and thats why we are spiking? Anyone have any news if this is true or not?

Do you think we will test the upper range again in AH? I did put the stop in at 1314.

Reason I ask is that it looks like there is descent support at 1300 and am thinking if a base is forming there for another leg up, so wavering back and forth on whether I should cover this. Yesterday the 1300 was gone at around this time.

Am watching the ES tonight and am short does anyone here think we go lower or is there a possibility for the futures to get back to even here, not sure whether I should cover or not and if we might have a repeat of last night? Any thoughts or comments, short from 1310.

stopped out will just watch , world markets are all tanking need to wait for some relief this is looking to break 129o now.

I know that may sound like its reaching but todays inventory report was extremely bearish and I believe some long position liquidation in crude will occur, thus maybe giving some support to the markets. I still think we hover above 1300 in a few hours, going on my gut on this one, I have seen...

This was a low volume move its not to difficult to move the futures at this hour one way or the other.

This entry is good enough still think we can see 1306-1310 later today after all this is done which looks like they almost are. Asia is closing up shop in a bit then we have the euro session to contend with. Im in keeeping fingers crossed!

How far can you see them take it at this hour? and would you buy here? or possibly wait for 1290?