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The question is that, what is the "longer term"? We all know that the commodity boom is "transitory". CL had huge premium for this winter. The energy fundamentals get weaker after the winter. Supply will catch up. We can't just trade the charts like how we trade the coins.

I read before when we had subscriptions. Not paying for the monkey reports any longer. They make traders losing money... We move physical oil and nat gas. Not running some reports or computer models. So where is the $90, $100 or $120 crude oil price?

The problem for the bulls is that, the bull length is so long. Any start of long liquidation will open the flood gate and longs will sell into any meaningful rallies. So we turn buying dips into selling into rallies.

Exchanges or ECNs are just a bunch of computers running some programs. Sure Google can do that. US regulators have turned a blind eye to those things. Free market? Google has more programmers than CME has.

NG storage weekly build is 63 BCF. Bearish to me. The gap to 5-year average keep shrinking.

It is good that the market did exactly what I just said....

The CL support line is at about 80.50 range. $80 will be an important level for both camps to fight for. $80 may eventually break down.

Then? What is driving the CL market? Inflation hedge? I covered my shorts and entered long at the $80 lower band. Then sold this morning in the technical rebound. Now short again. Just do not see that we'll get to $85 any time soon. More CL stock builds are coming again. Also the news...

Shorting opportunity again....

Not sure what is "Elite Trader" style. I guess you talking about the folks who called tops of Bitcoin and stock indexes. Do not think that is Elite Trader style. There are different ways we can play this market....

When I was trading for the firm, we always call Goldman energy analysts as monkies. They have no idea what is happening. But certainly they get a lot of followers. So they move the market. We kinda knew what they looking at....

The Cushing oil hub is only a storage field or transit hub. It is mainly used to ship to gulf oil terminals. Cushing was pulled hard because of the oil export at gulf terminals. With WTI/Brent spread shrinking and WTI at $84 level, the oil trade has been down. Not many WTI buyers. Also...

Weather? What CL has to do with near term weather? We use natural gas to heat homes, not oil, as the Goldman and BA/ML monkies said. When CL was negative last year, we saw little or no evidence of fuel switching. Now Goldman and BA/ML monkies said we'll have 1 MM BBLs fuel switching from...

Everything is commodity. Energy, metals, agriculture, currency and stocks. When they are liquid and easy to trade, we'll get speculative plays. If we still have to pay $20 to trade 100 GME shares, we'll certainly see much less volatilities and fewer meme stocks. The same if we'll have to...

This $3.50 CL correction is really damaging to the chart. Long liquidation? No more buying on dips... The question is how long the $80 is going to hold.... More crude inventory builds are coming. Winter months are actually low demand months.

Think about the housing market. There is no futures market to speculate. Of course, there is short-term boom and bust. But in general, housing market reflects the supply/demand and cost of building the new houses. It is far costly to trade houses. Even Zillow admitted that it made a mistake...

Trading is an addiction. Traders not only trade for $$, they also want to prove that they are always right and are winners. This is why a lot people do not stop when they get $10MM in the bank. For the losers, they always want to get the $$ back..... Probably even Billy Hwang has not totally...

I doubt $80s level is sustainable. US economy is still sluggish. Some say we'll reach pre-pandemic level, that does not seem to hold water. A lot people have left the workforce. And a lot people have changed to work remote. US rig count keeps rising and energy production should stay at...

Clearly the financial futures market distort the actual commodity markets. Remember back in 2008 of the financial crisis? We were in recession, but crude oil price was sky high > $100. That was because people consider crude oil is a reserve commodity and store of value. The real oil price...

Wonder if Goldman and BofA/Merrill analysts still maintain that CL market is tight and we'll be looking at $90 or $100 CL price soon? I just feel the CL rally was fueled by those monkey bank analysts. A lot people load up CL contracts as inflation hedge only. But CL is not just a financial...