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As far as I know the only keeping the Oil in this levels right now is the storm developing in the Caribbean. Hope it helps.

Thanks to both of you, we will see how it plays out tomorrow. Good luck!!!

Guys, In the last couple of weeks I've been kill after EIA reports, and I don't want to guess and enter to the market before the report, it's either I get in to late after I realize is a bullish report, and then goes down, or I enter interpreting bearish news, when in reality the market take it...

I don't know exactly when it's in con-tango, but when spot month is higher, the next month, you literally make money free rolling over with a week of expiration.

Yes, but its some news that you just can't ignore.

Thanks.

Really how you know they are going to be bearish?.........what's coming?.........maybe that's what the market it's waiting for.

haven't see an opening like this Oil in a while, I was expecting a very directional moves today, but we have been bouncing for the last 2 hours.

Here is the link http://www.nytimes.com/2008/09/23/business/worldbusiness/23oil.html Matter fact it want point it was 26 dollars up, in one day, and yest it didn't make it all in the last hour, but the big movement was in the last hour, I remember that it had to do a lot with being the last...

It's flat, I was expecting a breakdown from 78.92, (August Contract), but it didn't. I am done for the day. It's Friday, anything unreasonable could happen specially and Oil, so I am staying out. Never going to forget the day of the 20 dollars up in 2008. :S

we have resistance at 78.54

How many trades you do per day?.........and what times you try to avoid?.........

I have a friend that used to work in the NYMEX, now he trades electronically, since he said is not worth the money to be in the floor. He said that most of the time, when we see a rally in gasoline, it will continue by a big rally in Oil by next day. The other thing, we were load with bad...

I am going to wait for my Opening range that will validate the direction in my mind. Good luck

Could be wrong, but if the unemployment claims didn't make a dent to the Oil today, nothing will. I see a trend day, who knows, we might test 80.

shame on me, I missed the rally!!!!!!!!!!!!

So you looking for a big drop on Crude Inventories?..........someone knows how much of a drop in inventories we expecting?

It's important for the market to keep going up to close above 76.30-76.70. Tomorrow we have inventories let see.

76.30 is the key. Hoping for a break.

What crude or NG? If is Crude I am going to wait until the Housing Market Index, at 10 AM. If it reacts positive, I will look for a break of 76.30.