CL Redux

[riskaddict]

The Energy Department yesterday released the weekly API reporting a 5.19 million barrels rise in inventories, opposing than the forecasted drop by 1.9 MB; nonetheless, gasoline and distillates inventories managed to drop. Meanwhile, investors’ anxiously await the release of the EIA report later on today.


Bearish report so I suppose we'll be up 2 bucks. Have a good holiday everyone!

 

[EON Kid]

Quote from startraitor:

I still think long through tomorrow.

It doesn't look good, tighten stops.



GM guys and gal, Anyone hear from gov?

 

[NoDoji]

Pretty sad when even the 1-min chart is unreadable to me

 

[NoDoji]

Quote from EON Kid:

GM guys and gal, Anyone hear from gov?

I was wondering about him too. He was swinging the Jan contract, so maybe still holding it? If so, he has Goldman's trading desk on his side, as they were predicting $100 oil.

 

[Picaso]

sim

short .94 - they had to go and test it

stop to be

target LOD

stopped out be

still sim

long .99 - if you can't beat them, join them

stop 11 ticks

:36 stop to be - this seems to have a very limited future

Target 82.80-ish

 

[HuggieBear]

crude is a beast...i dont know why its been so strong but it has....solid support, limited downside risk, good upside opportunity.

 

[startraitor]

83+ today

 

[HuggieBear]

sure looks like it...i would like to see $84. I will buy an extra turkey if we hit 84 by 2:30.

 

[Picaso]

Quote from HuggieBear:

sure looks like it...i would like to see $84. I will buy an extra turkey if we hit 84 by 2:30.

But now all the turkeys are going to get short!!! :eek:

 

[HuggieBear]

lol


damn, good point. turkey raid!