CL Redux

Quote from Afdica:

Traders are beginning to roll over positions from October contract to November. Trading for October ceases 3 busniness days before the 25th. That means everyone needs to be out by Thursday. So they methodically start selling October and buying November at the same time trying to keep as close to the bid/ask spread for both contracts as they buy and sell.
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Sorry, didn't mean to repeat Eon kid, but I seem to be getting long delay between responding and time that response is actually posted,
 
Today's FT had a piece on the crude oil drop yesterday. Basically, no one has a clue why, some say it was a big cross over trade, which couldn't absorbed, others noted falls in others commodities like gold and silver at the same time.

CME says all trades stand, nothing to see here, pls move along now...
 
a guy named chula posted an excerpt from a phil davis report over in slope saying the manipulators are/were stuck with a lot of oil on the roll and had to sell
 
Quote from startraitor:

104+? Still holding.
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I dont know about 104, but 9780 then 100 looks a good bet from here
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EIA Petroleum Status Report 10:30 AM ET
 
asking cause we just had a continuation of the big selloff, and we already broke down 94.5, right? that's downtrend in place to me

Quote from tstones:

really? everyone is bullish?
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