CL Redux

[SnakeEYE]

Quote from InvestVision:

long 111.80

Save a little bit..

 

[InvestVision]

add 111.30

Quote from InvestVision:

long 111.80

 

[DonCorleone]

y'all think we go lower after inventory? or a long setup here? hmm...

 

[InvestVision]

seems possible report low is passed already at 111.10

Quote from DonCorleone:

y'all think we go lower after inventory? or a long setup here? hmm...

 

[Picaso]

Quote from DonCorleone:

y'all think we go lower after inventory? or a long setup here? hmm...

I'd say that was an exhaustion move

but then again I said to buy the dip

 

[BCE]

Maybe they know the report is bad. Maybe that's why this sold off ahead of time. We'll know in a few minutes.

 

[BCE]

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 6.2 million barrels from the previous week.

 

[DonCorleone]

wow, huge buildup in crude.

 

[EON Kid]

04/27/2011 10:30 *DJ DOE: US Crude Oil Stocks +6.156M Bbl In Wk; Seen +0.9M Bbl

BUY

 

[InvestVision]

look at Mr. P vol. chart above no VOlume at all from 111.70 to 111.40 , this is all setup to trap NEW shorts at 111.50 level to show 112.50 in 1.5 hours from now ..

Quote from BCE:

Maybe they know the report is bad. Maybe that's why this sold off ahead of time. We'll know in a few minutes.