is there news on the euro/usd today? it's dropped off about 100pips in less than an hour
>>out of my short with 24c
>>out of my short with 24c
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5% - 10% profit per day trading
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Government data due at 10:30 a.m. EDT will likely show U.S. crude stockpiles increased about 2 million barrels last week, which would be the ninth straight gain and bring inventories to 376.7 million barrels. But a comparable report from the American Petroleum Institute, issued late Tuesday, showed crude inventories fell 1 million barrels.
"If the API report turns out to have been prescient in its figures, in regard to the DOE statistics this morning, we would have to expect to see prices rally," said Peter Beutel, president of energy risk management firm Cameron Hanover, in a note to clients.
In the U.S. government data, the Energy Information Administration is expected to show crude inventories rose by 2.1 million barrels, gasoline stocks rose 100,000 barrels and stocks of distillates, which include diesel and heating oil, rose 1.2 million barrels in the week ended May 1, according to analysts.
Refinery use is seen rising 0.1 percentage point to 82.8% of capacity.
"If the API report turns out to have been prescient in its figures, in regard to the DOE statistics this morning, we would have to expect to see prices rally," said Peter Beutel, president of energy risk management firm Cameron Hanover, in a note to clients.
In the U.S. government data, the Energy Information Administration is expected to show crude inventories rose by 2.1 million barrels, gasoline stocks rose 100,000 barrels and stocks of distillates, which include diesel and heating oil, rose 1.2 million barrels in the week ended May 1, according to analysts.
Refinery use is seen rising 0.1 percentage point to 82.8% of capacity.
Quote from Blubaru_555:
small short@ 55.45.
IV posted the API numbers, you have to look back a little.
+600K barrels
i'm trying a short here, 55.12
>>got in a little too soon, holding though unless we break resistance at 55.70ish.
i'm trying a short here, 55.12
>>got in a little too soon, holding though unless we break resistance at 55.70ish.
added another at 55.55, stops at 55.80
crude oil is still trying to test this resistance at 55.60 even though RB/HO are well off their highs. either we're going down fast to play catch up, or this thing is going to break resistance.
holding onto a single short now. i have a feeling we're going down from here. that move may have been just to take out stops.
Oil Inventories Build Falls Short Of Forecast
NEW YORK -- U.S. crude-oil inventories in the week ended May 1 rose by less than analysts' expectations, according to data released Wednesday by the U.S. Department of Energy.
Crude stockpiles increased by 600,000 barrels to 375.3 million barrels, the department's Energy Information Administration said in its weekly report. That compared with an average forecast of a 2.1-million-barrel build in a Dow Jones Newswires survey of analysts.
Gasoline stockpiles fell by 200,000 barrels to 212.4 million barrels, compared with an average survey estimate of a 100,000-barrel build.
Distillate stockpiles rose 2.4 million barrels to 146.5 million barrels, compared with analysts' forecasts of a 1.2 million-barrel build.
Refinery use rose 2.6 percentage points to 85.3% of capacity. Analysts had expected a 0.1-percentage-point gain.
U.S. Oil Inventories:
For week ended May 1.
Crude Gasoline Distillates Refinery Use
EIA data: +0.6 -0.2 +2.4 +2.6
Forecast: +2.1 +0.1 +1.2 +0.1
NEW YORK -- U.S. crude-oil inventories in the week ended May 1 rose by less than analysts' expectations, according to data released Wednesday by the U.S. Department of Energy.
Crude stockpiles increased by 600,000 barrels to 375.3 million barrels, the department's Energy Information Administration said in its weekly report. That compared with an average forecast of a 2.1-million-barrel build in a Dow Jones Newswires survey of analysts.
Gasoline stockpiles fell by 200,000 barrels to 212.4 million barrels, compared with an average survey estimate of a 100,000-barrel build.
Distillate stockpiles rose 2.4 million barrels to 146.5 million barrels, compared with analysts' forecasts of a 1.2 million-barrel build.
Refinery use rose 2.6 percentage points to 85.3% of capacity. Analysts had expected a 0.1-percentage-point gain.
U.S. Oil Inventories:
For week ended May 1.
Crude Gasoline Distillates Refinery Use
EIA data: +0.6 -0.2 +2.4 +2.6
Forecast: +2.1 +0.1 +1.2 +0.1
out of shorts, 55.48.. sigh, that was another bad trade. i need to stop impulse trading. now to be patient.
today it is hard to make money with shorts.
one idea is put limit short at 56.0 and leave it for overnite session , it will retrace there for 70 cents by some time today or overnite ...
one idea is put limit short at 56.0 and leave it for overnite session , it will retrace there for 70 cents by some time today or overnite ...
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