CL Redux

Nice trade, EON. I have this great itch to scalp with ya, which actually suits me better. But something also tells me that patience would be a rewarding experience for the next few days. We shall see.
 
insider information:

huge build up of oil inventory last week, due to a sharp decrease in gas consumption blamed on the historic cold spell. Expect CL to drop to $78 on Thursday.
 
Why did the friggin' thing shot up on excess inventory? Oh well, it's all history now. I'm a bit more bearish than you. I'm aiming for 80 as the first target, followed by a quick bounce, and then 75 for the second target.
 
Im still short too. Options expiration thursday, so im expecting a counter move in my favor soon.

Quote from saliva:

Nice trade, EON. I have this great itch to scalp with ya, which actually suits me better. But something also tells me that patience would be a rewarding experience for the next few days. We shall see.
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Quote from saliva:

Why did the friggin' thing shot up on excess inventory?
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Last week's rally was mainly caused by Japan Airlines' liquidation of its short positions (demanded by creditors who want to know how much assets the company has). I guess their short positions are cleared by now.

Don't ask me where I got my information, suffice to say I paid big money for it.
 
Quote from BPtrader:

Don't ask me where I got my information, suffice to say I paid big money for it.
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Don't expect me to give you a wink and a nod. If I were a woman, I woulda shook you up all night long. :D
 
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