CL Redux

[JoshDance]

If the action is ok, I will buy 88.00 if we get there.

 

[DonCorleone]

Quote from JoshDance:

If the action is ok, I will buy 88.00 if we get there.

yessir. good call. i might join ya.

 

[DonCorleone]

Quote from DonCorleone:

S@88.25, .15 stop

oops, forgot to update. stopped out at 88.15. sorry.

 

[JoshDance]

Quote from DonCorleone:

yessir. good call. i might join ya.

I am wary of other times when we've seen pokes above previous highs only to collapse, like we had a few weeks ago if I recall. However, at this time, buyers still look relatively in control. The fact that they could not break out earlier concerns me a bit, but I think the market needs to fill unfulfilled demand around 88, and verify no supply at that point as well.

 

[JoshDance]

My plan here is to buy .46, and close if it doesn't pop well. Found buyers at .20, and we may not see 88.00 for a while again if we begin to move here.

 

[JoshDance]

Quote from JoshDance:

My plan here is to buy .46

Stop currently .47
EDIT out .47 ... it's DC's fault.

If we move up from here, I'll be very put off. Stop should have logically been at .43 but I wanted no loss.

 

[DonCorleone]

short@.65, .15 stop

stop moved to b/e @9:39

 

[JoshDance]

Quote from JoshDance:

If we move up from here, I'll be very put off. Stop should have logically been at .43 but I wanted no loss.

Officially, I'm very put off, having been stopped out TO THE LOW TICK at breakeven. Could have at least locked in a couple of bucks.

 

[DonCorleone]

i might short around 88.90-89.10 area. the gap open on $USO bothers me

 

[EON Kid]

10:30am DOE U.S. Crude Oil Inventories est. -600K range -3500K to 1500K Prior -5225K

10:30am DOE U.S. Distillate Inventory est. 409K range -1000 to 1200 Prior -737K

10:30am DOE U.S. Gasoline Inventories est. -1109K range -3000K to 1200K Prior -1588K

10:30am DOE U.S. Refinery Utilization est -0.28% range -1.0% to 0.5% Prior 0.7%