CL Redux

[EON Kid]

Quote from InvestVision:

out BE

- I think gaddafi factor may be playing little bit today for CL NOT to Retrace from LOws ...

- with gadddafi days literally numbered ( see above TIME article ) , it can happen any day in one week time. there could be 3 to 4 dollar DIP for a day or two with this event .
- With gaddafi gone , Libyan 1 million barrel oil can come to market with in 1 month time as most of the OIL infrastructure is intact .

I think you could be right hmmm

 

[startraitor]

Better late than never.

Quote from startraitor:

Short to 99.47

 

[Visaria]

short 9990, stop 30 t

edit: target 96.00 (!!!!) - hoping gaddafi is gonna pack his bags today.

 

[Visaria]

short 100.21, stop 50 pips, position trade.

 

[Visaria]

KEY EVENTS TO WATCH FOR:

Thursday, June 2, 2011

8:30 AM ET. May U.S. Monster Employment Index

8:30 AM ET. May 28 Unemployment Insurance Weekly Claims Report Initial Claims

Weekly Jobless Claims (expected 418K; previous 424K)

Weekly Jobless Claims Net Change (expected -6K; previous +10K)

Cont Jobless Claims (prior week) (previous 3690000)

Cont Jobless Claims Net Chg (prior week) (previous -46K)

8:30 AM ET. 1 Quarter Revised Productivity & Costs

Non-Farm Productivity (expected +1.8%; previous +1.6%)

Unit Labor Costs (expected +0.8%; previous +1%)

9:45 AM ET. May 29 Bloomberg Consumer Comfort Index (previous -48.4)

10:00 AM ET. April Manufacturers' Shipments, Inventories & Orders (M3)

Total Orders (expected -0.9%; previous +3%)

Orders, Ex-Defense (previous +3%)

Orders, Ex-Transportation (previous +2.6%)

Durable Goods 1st Est. (previous +2.5%)

Durable Goods Revised (previous +2.9%)

10:00 AM ET. May 21 DJ-BTMU U.S. Business Barometer

DJ-BTMU Business Barometer (previous -0.1%)

DJ-BTMU Business Barometer (52 Wk) (previous +2.4%)

10:30 AM ET. May 27 EIA Weekly Natural Gas Storage Report

Total Working Gas in Storage (previous 2024B)

Total Working Gas in Storage (Net Change) (previous +105B)

11:00 AM ET. May 27 EIA Weekly Petroleum Status Report

Crude Oil Stocks (previous 370.93M)

Crude Oil Stocks (Net Change) (previous +0.62M)

Gasoline Stocks (previous 209.73M)

Gasoline Stocks (Net Change) (previous +3.79M)

Distillate Stocks (previous 141.09M)

Distillate Stocks (Net Change) (previous -2.04M)

Refinery Usage (previous 86.3%)

Total Products Supplied (previous 18.92M)

Total Products Supplied (Net Change) (previous +0.4M)

12:00 PM ET. May ICSC Chain Store Sales Trends

4:30 PM ET. May 23 Money Stock Measures

4:30 PM ET. June 1 Federal Discount Window Borrowings

Primary Credit Borrowings (previous 7M)

Primary Credit Borrowings W/E Daily Avg. (previous 11M)

Discount Window Borrowings (previous 14.27B)

Discount Window Borrowings W/E Daily Avg. (previous 14.65B)

4:30 PM ET. June 1 Foreign Central Bank Holdings

Foreign US Debt Holdings (previous 3.43T)

US Foreign Agency Holdings (previous 743.42B)

Foreign Treasury Holdings (previous 2.69T)

 

[Visaria]

Note: Oil report at 3pm BST, not at 3.30pm.

 

[BCE]

Hi, Guys


FWIW

# 10:30a

BREAKING

Natural-gas futures pare advance after supply data

10:30a

BREAKING

Natural gas supply rise 83 bln cubic feet: EIA


EIA report coming up at the top of the hour.

 

[Visaria]

Yep, 4pm, not 3pm BST ... was testing if anyone cba to post....

 

[EON Kid]

06/02/2011 11:00 *DJ DOE: US Crude Oil Stocks +2.878M Bbl In Wk; Seen -1.2M Bbl

 

[BCE]

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.9 million barrels from the previous week.