9.1 Million Barrel Build in Crude Oil. Wow. Get The Hell Out.

with the escalating brinkmanship currently underway, the likelihood of oil trading up is increasing.

this news is currently being 'under-reported', as far as 'business news' is concerned.

I expect this dynamic (under-reporting) will change complexion, with attendant response(s) from the market.
 
Quote from polpolik:

Massive volume? Um.. it's people rolling over from Sept to October contract the past 2 days.

Watch the September contract volume drop the past 2 days. That's explains why the October contract surged.
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Correct.
 
Quote from polpolik:

Massive volume? Um.. it's people rolling over from Sept to October contract the past 2 days.

Watch the September contract volume drop the past 2 days. That's explains why the October contract surged.
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Yes, October. Thanks.
 
Quote from RussellDaytrade:

with the escalating brinkmanship currently underway, the likelihood of oil trading up is increasing.
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Very true.
Only down 61 cents now.
 
Quote from Landis82:

Very true.
Only down 61 cents now.
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Its gna fall overnight if we get any sorta peaks now.. lol

The chinese and asians will want to sell it when they wakeup and see the inventory number... ;)
 
Biggest crude build in 7 years.

Expect some final 'bullish' talk from the BSDs so they can unload their last open positions, then watch it take the elevator down.

Err....who knows.

DrowningInOil.jpg
 
Quote from ByLoSellHi:

Biggest crude build in 7 years.
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This is why im so shocked that we barely got any drop at all! :eek: :confused:

When oil was back up in the mid 140s and we had a 3.2mil it crashed down about 5 t 6dollars!

And that was even when all the idiot so called experts were saying itd go to 150-180-200!!


But the oil is now just tossing and turning so much as theres equal push and pull on both sides now, which makes it annoying to trade!

I mean last week we had a ******** war break out right ontop of a key oil pipeline, but no-one cared and oil still dropped, when few weeks/months ago that would have been a $5 peak atleast!

But then today when we get a number liek 9million the market barely bats an eyelid, and all those sellers seem to have gone off on holiday!!
 
Quote from polpolik:

If all it takes to make money in trading is news and logic, we'd all be millionaires many times over, wouldn't we? :)
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LOL

It also takes sufficient trading capital! ;)

But most people who trade don't have high logic skills, most are very dim tbh, and thats why they make so little % profit and often actually just end up the weeks and months actaully having lost money!!
 
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