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I just but options for October put for strike price at $60. For the amazing price of 0.07 ($70). Worse scenario I am going to loss 70$ plus IB commission. :)........I just have the feeling that this is going to get uggly, so I bought my lottery ticket :)

I didn't know either, I though today was just about EIA report for Natural Gas and the Jobless claims. We are in the same boat. I do think we will have another big sell of, before noon.

Thinking on shorting at 75.17 in a bounce back. I think we will go lower.

In my opinion we already price in the API report that cam yesterday, if by any chance we show an increase of supply any less than 5 million, and same thing with gasoline, and equities hold during the day in this are , we will have a move up above 75$ probably flirt with 76 again.

I hope you don't mind my question, but what you base your trade on Technical Analysis or fundamentals?......and how is the volatility in a regular day on CL spread? Thanks for your help.

Guys I've been trading CL outright, but been trying to get in the spread trading for numerous reasons, for swing positions, my questions can someone guide of usually what is the behavior of Contango in the CL intra month spread in for this months, and usually when it tends to peak and when it...

I don't know if you like my drinks call me crazy, but since I have diabetes, the only I drink is either diet coke with Vodka, or sugar free Red Bull with Vodka......cheers!!!

It's nothing worse than indecision in this business, I though about it 100 times to short at the 20 MA (75.77)......that would it be 30+ ticks. I need a drink!!!!!!!!!!!!!!!!!!!!!!!!

I wish I could have the nerves that you guys have. To take long position in LOD and Sell on HOD I am stuck in trading breakouts, can't change my mentality. I am waiting for breakout in the upside at 79.10. (Breakout range of the first 10 min after the Energy report).

I hear you, I promise my self, 2 years ago that i will never do swing trading again until I have ridiculous capital, but day trading is getting to emotional for me. I though it might help to hold a position for couple of days, maybe a QM so it will be less painful.

Question for all traders here, we tested under 80 today, and somehow we manage to come above, in your opinion have we hit bottom in the near term (this week), I am seriously considering taking a swing position at 80.30 long. with a upside to the 85.

API Numbers: US API Crude Oil Inventories W/W (Aug 6) -2187 vs Prev. -776K US API Gasoline Inventories W/W (Aug 6) -1536K vs Prev. 2305K US API distillate Inventory W/W (Aug 6) 2286K vs prev. 1109K US API Cushing Crude Inventory W/W (Aug 6) -114K vs prev. 66K

I could be wrong, but we might move in the OR for most of the day until the Fed Meeting, then things get crazy. IMHO.

I have 79.64 as my higher low trend, so far is holding, although I've been bearish all this days but haven't be able to capitalize.

Yeah, that make sense, for the ones that would like to know, my Market Profile show that we are in balance with respect of the Value Area of Friday (Meat of the market). The Value area range of Friday was : 81.50 to 80.28.

Thanks! Picaso what's your view of the Market today?...........

Good morning traders! New week!..........New attitude!

I am waiting for a break of the low of the day in OR, missed my entry point at my resistance point as I said before, we might get resistance in 82.37-82.44, but miss my entry point to the Short side, only problem market is really slow right now.

You think?...........my personally experience (could be wrong) tiny opening range, usually lead to huge breakouts, by the way even we breakout to the upside, I am still expecting I big sell off today. I will check if it could break the area of 82.37-82.44, if it shows resistance around this...

We have a very small Opening Range, expecting a big breakout on the downside...