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Since pretty much all the small traders are stopped out yesterday and today morning , the big guys pulled the price to 5900 . there is no real money required to pull up to 5900 , there is not real buyers from small trader community. now when small guys who are stopped out wanted to buy oil...

It seems we are headed lower from these 5700 level , any thoughts Usman

I am holding for tomorrow , good chances we may see 5900

we will come back from these lows , but this drop shows oil 6000 is postponed to a later day

this is another great long entry at these prices 5890 at this price one should not loose , even if it drop 50 cents ( highly unlikely ) , it will come back and by close it close flat 5890

so far we got first mini 12:00 EST + at 59.28 ( from 58.85 )

Here are oil typical cycles , let us see how they follow today. - usual small rallies are 10-15 minutes after 1200 , 1300 EST on these kind of fundamental bullish days - in order to take advantage of these windows , we need to enter 10-15 minutes before those 12:00 , 13:00 and the spike...

Oil Inventories Draw, Bucking Forecast U.S. Oil Inventories: For week ended May 8. Crude Gasoline Distillates Refinery Use EIA data: -4.7 -4.1 +1 -1.6 Forecast: +1.3 unch +1.3 +0.1 NEW YORK -- U.S. crude-oil...

I agree , this is fundamental bullish

U.S. stock futures extend fall after retail sales drop LONDON (MarketWatch) - U.S. stock futures dropped on Wednesday as a surprise decline in retail sales twinned with oil-price worries to encourage traders to lock in profits made since March. S&P 500 futures fell 15.3 points to 891.50...

IV note: old news , for record ... --------------- Oil advances as China imports rise, dollar weakens OPEC boosts production in April for first month since August as prices rise NEW YORK (MarketWatch) -- Crude-oil futures rose Tuesday, briefly topping $60 a barrel as data showed China's...

it seems EURUSD 1.363 and ES at 902 togeher keeping oil at this low 5930 level I am long at 5935 level , feel we will see 5980 level before EIA report once ES and EURUSD picks little bit ..

http://finance.yahoo.com/news/Oil-climbs-to-near-60-on-apf-15224847.html?sec=topStories&pos=2&asset=&ccode= After settlement in New York, the American Petroleum Institute said oil stocks fell 3.13 million barrels to 370.7 million last week. Analysts had expected a gain of 1.4 million barrels...

IV Note: API released numbers show big drawdown on all fronts , It will be very bullish for oil price tomorrow if same is confirmed by EIA . - it seems part of this 59.60 overnite price hike is from API and part from EURO rise crude stocks: -3.1 gasoline : -2.0 Distillate Stocks ...

EIA: US 2Q Oil Use Revised -260,000 B/D Vs April Forecast -------------- NEW YORK -- Citing "a continuing weak economy," government forecasters said Tuesday U.S. oil demand in the current quarter 2009 will be 18.64 million barrels a day, down more than 1 million barrels a day, or 5.3% below a...

equity markets did not help Oil bulls to pull it to 5930 level . S&P was only at 902 level at 14:40 EST , now it is 907 , If it had been 907 at 14:30 EST bulls might have pulled it to 4930 level

crude has electronic session also ( pit session data may be fed into electronic plaform , I am not sure). I can see DOM with 'CQG trader ' client , broker MF Global using Ninja trader you can see oil DOM with any broker, please check Ninja trader website

after above bull/bear case analysis took long at 5855 and closed at 5900 - gave up little profits on upside as it slided , bulls last 1/2 hour action is weak

currently I am flat on crude. seems hard to predict the direction at this 5880 level bull case: ----------- 1) since big traders wanted to pull it to show $60 for technical reasons. Main technical reason is to attract funds to buy oil for next couple of weeks. 2) if above is the...

you mean on DOM you see 1100 lots buy order from big traders ? or is it your trade for your accounts with 1000+ lots ? :-)