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The API numbers: US API Crude Oil Inventories -775K vs Prev. 3084K US API Gasoline Inventories W/W (JUL 30) 2305K vs Prev. 877K US API Distillate Inventory W/W (JUL 30) 1109K vs Prev. 407K US API Cushing Crude Inventory W/W(JUL 30) 666K vs Prev. 465K

I sort of agree with BlueStreek, and I know most you don't believe in fundamentals, but i still believe until certain point they are valuable, and in my opinion, we shouldn't be this high, is not squeeze in oil supply if anything we have plenty of supply and i have the feeling that's what the...

I am in the same boat.........the only difference is my slump is being for month!......before that I used to make between 50 cents and a dollar per contract a day for a period of 3 months, but I am in the same boat than you, I believe is mental, if this week go bad for me I am seriously...

EUR is killing us, I shouldn't go short as long as the EUR was above 1.32, I am already down .20.

Speaking about numbers, yesterday I was watching the Video of a seminar with Mark Fisher, arguable the most power floor trader in the NYMEX, and in one of the videos, he call down to the floor to one of his traders and ask him what he was expecting for the EIA report (that was in 2006), and he...

Yes I will post the numbers as soon as they are out.

This morning I was bearish, but I don't know anymore, CL looks like is not believing in anyone, is poise just to go up, and up, EUR hasn't move as much as CL, neither the Dollar Index, from the EUR and DX index perspective CL should be around $80-81.

I agree it might test 78.20, but I feel is the top of the day.

Do you guys see the Cup and handle that is developing in the 5 min chart?

The Call strike price 85 is also in 0.25 ($250), so you could do a nice spread Call 85 put 70 for $500 ..........I see it as a win win situation. Unless we stay flat in 77 the whole month of August. Be aware options expiration is 3 days before contract expiration.

Thanks a lot already got the book, will star reading tonight

Thanks a lot really appreciate it. The contango comment that I made I learned from a friend that spent several years living out of the Energy sector on the NYMEX floor. Another thing I believe you made a comment about having some ideas of trying to have some swing positions, then I made my...

For all the the trend traders, I've been a opening range breakout trader, and I've been successful, (could it be more I stick to my rules), but anyway, my point is that most of you here, or probably all, follow a the trend, today I was giving it a try to add it to my strategy to the trend of...

Good to know, another thing to know is, yesterday ES didn't hold and we have a very bearish report on Oil,,...........and hold above 76.50, and close at 76.84. Today Euro is attempting to break a big Resistance point to the 1.31, (which probably will affect the dollar), and the ES is in...

Thanks a lot.

Can you explain what the counter-trend short signal consists? Thanks.

I am officially confuse like never before, can someone explain what's going on?

Yes, I was expecting CL to flush after that bearish report. I am looking for a test of 76.00 for short entry

As far as I know, and a friend that use to a be at the PIT in the NYMEX, told me that if if we are going to get a big draw on Crude Inventories, this week will be the last chance, since everything is already storage for the rest of the summer and plus. Just something to have in mind.

No, no, that's my point your were talking about 3:30 CST, I was talking about 4:30 ET, which is the same time, the link that i give you it gives the report 30 seconds later one minute the most and chartwiz.com it lags 2 minutes.