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I think the oil market is a total crap-shoot right now.....so many bearish and bullish factions at the same time.

Same here....

Agreed. If you already have good intuition, then listening to others is futile. Look at the recent moves in the copper market. Everyone was bullish...then WHAM, Trump goes tariff-crazy on China...and the break-out to the upside is thwarted.

Reason: It's so easy to create an Algo strat that simply breaks-even after commissions and fees.

2 big bars down in a row...this move has just gotta be related to the tariff war. That being said, HG has plenty of support at 3.03-3.10.

Copper appeared to break-out of the 3.0 - 3.10 range recently, but then pulled back. https://agmetalminer.com/2018/06/13/this-morning-in-metals-tariffs-on-china-coming-soon/ Major factors appear to be: 1) US Tariffs against China 2) Chilean mine workers stance 3) Strength of US Dollar What say yee ?

Once again, where's the profits ? re: "though he declined to disclose how much he is making running the fund,

Where are the profits though ? I see tons of trades and a pile of commission payments.

It's an interesting scenario right now....rising interest rates....rising commodity prices. But it could end badly.

I'd love to get a pull-back to 3.0 It could happen: https://www.marketwatch.com/story/long-term-bull-run-for-copper-could-see-prices-top-10-a-pound-analyst-2018-06-08

Very doable ... if China heats-up again.

HG formed an inverse hammer pattern today......not good. Still, it's made a $5000 move over just the past few trading days.

Once again, Musk has been able to gun the shorts. Wow, his low key approach on the conference was superb. He once again makes B.S. of the Model 3 run rate. It's all talk....it's hard to believe this guy. And look at the price action today.....straight down.

Interesting thought Maverick.....prices rise, then Trump renegs....and they go back down. Sounds like a great trading opportunity to me.

I see that break-out....it's about time for HG. It's been stalled in a trading range for so long. I remember when it was up to 4.0 at one time. Yes, I've heard that before. However, I can see this cycle ending pretty quickly (trade protectionism and interest rates), so one must be nimble.

Just buy and hold 5 contracts. What's the problem ? Now keep in mind, if housing declines, that would be the worst case scenario for you. Keep track of those housing starts....not looking good recently.

So this fund manager is trying to "tweet" the crude oil market upward....since he's long. Hilarious. Plus, he better go back to school for Econ 101....higher prices will likely dampen demand. On top of that, we are "late stage" in this economic cycle....ominous for most commodities.

The reuters article was excellent....and gave all of the points as to why the rally could be stopped soon. Why is it that the CL chart looks a LOT like the Lumber chart ? No question this market could challenge recent highs....but a double-top could form here as well.

Wow, Lumber appears to have had a blow-off top. So now the question is : Will the 580 level hold ?

...unless you have a distinct, back-tested advantage.