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  1. I

    5% - 10% profit per day trading

    "The big pressure on oil today is the stronger dollar yet again," said Kevin Kerr, president of Kerr Trading International. "Last week's drop in gasoline prices is also having an impact, but right now crude is due for a bit of a breather as the July contract gets ready to go off the board."...
  2. I

    5% - 10% profit per day trading

    The complex had some difficulty discounting a mix of financial guidance amidst today’s quadruple witching session. But, at the end of the day, the crude market obviously opted to follow a plunging gasoline market lower rather than advancing off of a generally weak dollar. Gasoline selling...
  3. I

    5% - 10% profit per day trading

    Quadraple witch expiry day today OIL not at all responding to weak dollar/high EURO for about an hour in the morning session . This felt very odd OIL not responding to BIG weak dollar move . now we know this big OIL drop is in works. next time we should be cautious when we see that...
  4. I

    5% - 10% profit per day trading

    in addition to weak gasoline fundamentals pulling oil down , today is quadraple expiry day ( index options, stock options, single stock options , future options ) my guess is this big option sellers ( in many OIL company stocks and OIL indices ) may have lots of CALL options sold ( oil...
  5. I

    5% - 10% profit per day trading

  6. I

    5% - 10% profit per day trading

    I am down 50 cents/lot in this sell off, wondering should I hold off these over week end. Is anybody holding over weekend ? Any ideas holding oil over weekend from this AUG 7180 level . Given next week fed meeting news anybody holding over weekend
  7. I

    5% - 10% profit per day trading

    It seems all the hedge funds are selling ( in general equities )and waiting for next week fed meeting on policy which give general direction for dollar $
  8. I

    5% - 10% profit per day trading

    oil price has built in price factor of assumption weak dollar . it seems market may start doubting that assumption that may be the factor in this oil sell off . let us wait what news analysts says
  9. I

    5% - 10% profit per day trading

    OIL did not push up for EURO pop , seems market thinks this euro pop up temporary
  10. I

    5% - 10% profit per day trading

    EURO poped upside for 15 minutes , still AUG crude at 7220 level , i think it is due for 40 cents push It seems oil waiting for SP to push 3 points for the above oil move
  11. I

    5% - 10% profit per day trading

    Manufacturing firms in the Philadelphia region reported the best business conditions since September, the Federal Reserve Bank of Philadelphia said Thursday. The Philly Fed index improved to negative 2.2 in June from negative 22.6 in May.
  12. I

    5% - 10% profit per day trading

    Stock analyst: green shoots in housing market need fertilizer NEW YORK (MarketWatch) -- Stock investors drew fleeting comfort from the latest data on the troubled housing market, with home starts popping unexpectedly higher last month. But analysts on Wednesday signaled caution on the...
  13. I

    5% - 10% profit per day trading

    Oil extends losses as gasoline stocks rise crude -3.9 gasoline +3.4 NEW YORK (MarketWatch) -- Oil futures accelerated their decline on Wednesday after the Energy Information Administration reported a bigger-than-expected drop in crude supplies and a much larger-than-expected rise in...
  14. I

    5% - 10% profit per day trading

    The U.S. Energy Department weekly report today will probably show that crude stockpiles dropped 2 million barrels last week, according to a Bloomberg News survey of analysts. U.S. crude oil supplies are 11 percent above the five-year average for this time of year. Gasoline supplies probably...
  15. I

    5% - 10% profit per day trading

    http://www.marketwatch.com/story/crude-dips-further-but-holds-ground-above-70 "Currently, the $70 mark provides strong support for the market," analysts at Credit Suisse wrote in a research note Wednesday. "All eyes will be on weekly U.S. oil inventories," they said. "The key data point to...
  16. I

    5% - 10% profit per day trading

    Economic data Investors' optimism about an economic recovery was boosted Tuesday by upbeat economic data from the U.S. U.S. housing starts bounced back in May, rising 17.2% to a seasonally adjusted annual rate of 532,000 after plunging 12.9% in April to a postwar low, the Commerce...
  17. I

    5% - 10% profit per day trading

    There's a flurry of data due Tuesday, with May wholesale prices, housing starts and industrial production all due for release. Sentiment is certainly something that has been hard to derail over the last few months, so investors will be nervous after yesterday's moves," said Clare...
  18. I

    5% - 10% profit per day trading

    The first reason [for the oil retreat], of course, is the resurgent dollar," said Phil Flynn, vice president at Alaron Trading in Chicago. "Then we got the Empire State manufacturing number that was much worse than expected, and that put pressure on oil." Flynn downplayed the potential of the...
  19. I

    5% - 10% profit per day trading

    http://www.marketwatch.com/story//us-stocks-sharply-lower-amid-drop-in-commodities Blue chips slide 200 points Dollar rise, commodity fall, factory slowdown factor in
  20. I

    5% - 10% profit per day trading

    are we going to close around 72.75 that is 75 cents from current price ? any thoughts bullish : consumer sentiment report bullish: china manf. numbers bearish : EURO and profit taking
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