What is the probability that we see 105.55 before the end of the day? I say .65 or greater short 1 QM at 106.275 and will do another at 106.45 and maybe another at 106.75 if necessary. I'll check back at 3 est to see what happend. Oh yeah stop 2 at 107.15
CL Redux
- Thread starter schizo
- Start date
Yeah, if there was a way to make money by calling market direction while not fussing around with actual order entry etc., I'd be rich as shit right now (ooh--signal service?
). The details are killing me (i.e., stop placement, movement, general trade management). But I'm taking comfort in the fact that it's the small things I have trouble with, and I've only been at this for almost two months, so no need to expect myself to be a market wizard just yet.Any news event you guys seen for spike or just random event
1) One is today is Q1 end as stated in Reuters post , other japan potential 200,000 oil usage increase forecast
2) on bullish side I would add: US driving season coming with summer vacation soon ( Refinaries need to load up crude few months before ) , this bullish item was mentioned by JP Morgan analyst few days ago
Any news on unrest related Saudi , Siria etc. Which is bullish ???
3) I posted earlier libyan news which is bearish item ( kusa flee to uk , he has ton of info on gaddafi inner workings to reveal to coalition in return for exemption of his own trail )
If no news item I would assume spike reasons 1) and 2)
OR
Hedgies are tired of this 103.50 , 105+ range of last couple sessions , they want change
1) One is today is Q1 end as stated in Reuters post , other japan potential 200,000 oil usage increase forecast
2) on bullish side I would add: US driving season coming with summer vacation soon ( Refinaries need to load up crude few months before ) , this bullish item was mentioned by JP Morgan analyst few days ago
Any news on unrest related Saudi , Siria etc. Which is bullish ???
3) I posted earlier libyan news which is bearish item ( kusa flee to uk , he has ton of info on gaddafi inner workings to reveal to coalition in return for exemption of his own trail )
If no news item I would assume spike reasons 1) and 2)
OR
Hedgies are tired of this 103.50 , 105+ range of last couple sessions , they want change
Short Mohamed / Long Jesus - I put the spread on
<b> U.S. oil imports rose 5 pct in January-EIA </b>- Wed Mar 30, 2011 8:31pm GM
http://af.reuters.com/article/energyOilNews/idAFN3057760020110330
WASHINGTON, March 30 (Reuters) - U.S. crude oil imports rose for a third month running in January as the stronger economy boosted fuel consumption and as shipments recovered from a two-month dip, the government said on Wednesday.
Crude imports averaged 9.069 million barrels per day in January, a rise of 438,000 bpd from December, the Energy Information Administration said in a
monthly report. In December, imports rose 5.6 percent, or 461,000 bpd, to 8.631 million bpd.
President Barack Obama set a goal on Wednesday of cutting U.S. oil imports by a third in a little over 10 years as high gasoline prices threatened to undermine the economic recovery. [ID:nN30123808]
Shipments over the last two months were recovering after falling steeply in September and October, but have not reached last year's average.
Last year U.S. oil imports rose 1.7 percent to average 9.163 million bpd.
Canada remained America's biggest foreign oil supplier, followed by Mexico, Saudi Arabia and Nigeria.
The following is EIA data on shipments from major U.S. oil suppliers:
U.S. CRUDE OIL IMPORTS
(Thousand Barrels per Day)
Country Jan-11 Dec-10 YTD 2011 Jan-10 YTD 2010
CANADA 2,149 2,064 2,149 1,882 1,882
MEXICO 1,216 1,223 1,216 1,033 1,033
SAUDI ARABIA 1,099 1,076 1,099 958 958
NIGERIA 968 1,024 968 996 996
VENEZUELA 951 825 951 827 827
IRAQ 470 336 470 506 506
http://af.reuters.com/article/energyOilNews/idAFN3057760020110330
WASHINGTON, March 30 (Reuters) - U.S. crude oil imports rose for a third month running in January as the stronger economy boosted fuel consumption and as shipments recovered from a two-month dip, the government said on Wednesday.
Crude imports averaged 9.069 million barrels per day in January, a rise of 438,000 bpd from December, the Energy Information Administration said in a
monthly report. In December, imports rose 5.6 percent, or 461,000 bpd, to 8.631 million bpd.
President Barack Obama set a goal on Wednesday of cutting U.S. oil imports by a third in a little over 10 years as high gasoline prices threatened to undermine the economic recovery. [ID:nN30123808]
Shipments over the last two months were recovering after falling steeply in September and October, but have not reached last year's average.
Last year U.S. oil imports rose 1.7 percent to average 9.163 million bpd.
Canada remained America's biggest foreign oil supplier, followed by Mexico, Saudi Arabia and Nigeria.
The following is EIA data on shipments from major U.S. oil suppliers:
U.S. CRUDE OIL IMPORTS
(Thousand Barrels per Day)
Country Jan-11 Dec-10 YTD 2011 Jan-10 YTD 2010
CANADA 2,149 2,064 2,149 1,882 1,882
MEXICO 1,216 1,223 1,216 1,033 1,033
SAUDI ARABIA 1,099 1,076 1,099 958 958
NIGERIA 968 1,024 968 996 996
VENEZUELA 951 825 951 827 827
IRAQ 470 336 470 506 506
.Here is the performance of one Hedgie we are competing with on daily basis
we should advise these fund clients to see our EON KID for their potifolio management
----
http://www.marketwatch.com/story/gold-oil-can-gain-as-unrest-eases-brynjolfsson-2011-03-31
Brynjolfssonâs top fund, commanding 2% in management fees and 20% in performance fees with a minimum investment of $1 million, amassed gains of 5.4% in 2009 and 5.4% last year. So far this year, it has lost 0.4%, according to the firm.
His funds invest mainly in commodities, bonds including Treasurys and inflation-linked bonds from various countries, and emerging-market equities, bonds, and currencies.
we should advise these fund clients to see our EON KID for their potifolio management
----
http://www.marketwatch.com/story/gold-oil-can-gain-as-unrest-eases-brynjolfsson-2011-03-31
Brynjolfssonâs top fund, commanding 2% in management fees and 20% in performance fees with a minimum investment of $1 million, amassed gains of 5.4% in 2009 and 5.4% last year. So far this year, it has lost 0.4%, according to the firm.
His funds invest mainly in commodities, bonds including Treasurys and inflation-linked bonds from various countries, and emerging-market equities, bonds, and currencies.