CL Redux

[BCE]

http://ir.eia.gov/wpsr/wpsrsummary.pdf

 

[EON Kid]

Quote from InvestVision:

[Bthis is all setup to trap NEW shorts [/B]

agree

 

[BCE]

Quote from 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 ..

That's a huge increase in supplies. Not seeing 112.50. We'll see.

 

[DonCorleone]

well, let's see if bernanke can print more oil in couple of hours.

 

[Picaso]

I would keep in mind Ben - of Ben and Jerry's fame - in 1.5 hours and the generalized sell-off in commodities (plus margin increases in silver the other day, etc.)

 

[EON Kid]

Quote from Picaso:

I would keep in mind Ben - of Ben and Jerry's fame - in 1.5 hours and the generalized sell-off in commodities (plus margin increases in silver the other day, etc.)

why is it early?

FOMC Meeting Announcement
12:30 PM ET

 

[DonCorleone]

nice long tail on 10 min chart, fwiw.

 

[Picaso]

.40 the level to keep an eye on to see if we bounce or establish a new range.

 

[InvestVision]

so crude : + 6.2
gasoline: -2.4
distillate : - 1.8

last week was huge draw down in crude ( -3.5 ?) , one or two million here and there this week may not be very significant for crude ( when combined with last week ) as always there are calculation differences week to week as they need to collect these from so many sources ...

Quote from BCE:

http://ir.eia.gov/wpsr/wpsrsummary.pdf

 

[startraitor]

DX is making an impulse move up.