CL Redux

Small error from my side , for Crude Correct data is as follows.

Crude Oil : +0.8 vs. +2.5 ( all Million Barrels)

that is Crude small BUILD of +0.8 MM Barrels

Still the over all report is Bullish , compared to 5 MM Barrel Builds we had for last several weeks .

Quote from InvestVision:

Huge Bullish API Inventory Report
===========================
The American Petroleum Institute late Tuesday reported as follows:

Crude Oil : -0.8 vs. +2.5 ( all Million Barrels)
Gasoline: -4.3 vs. -1.0
Distillate : -2.7 vs. -1.5

- means: DRAW
+ means: BUILD ( inventory increased )

This is first week of DRAW for CRUDE after 6 weeks of Build .
This is Huge Huge Bullish Report on all 3 fronts , Crude OIL, Gasoline Distillate. inventory DARWs on all 3 categories more than Analyst forecasts.

I speculate Big traders Manufactured today 93.0 SELL OFF ( Knowing API in advance ) by taking the advantage of 'CRUDE DOWN Trend' for Nice ACCUMULATION and short squeeze tomorrow .

I expect a Nice Short Squeeze tomorrow to 95 area , once EIA confirms these numbers.

The LongTerm DOwn Trend will continue, but this is one possible small rally .

http://www.marketwatch.com/story/ap...0-barrels-2013-11-05?link=MW_home_latest_news
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Hmmm .. OK . you will have very Nice Opportunity to SHORT at 93.90/94.0 in the Over Night session , You should make use of it.

EDIT: In-fact it is 93.78 now , good SHORT for '93.0 BREAK' case

Quote from Visaria:

Disagree, expect a break of 9300 tomorrow.
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for any OIL BEAR out there who think we are going to re-test and break 93.0 tomorrow,here is 93.94

you are leaving 100 ticks on the table

( for Visaria, we gave him friendly call earlier, this is for other Bears )

P.S: Visaria , do not take it serious , Just for fun :-)
 
Ah, IV, c'mon, most of my trades are not profitable...wtf do i know anyway?

I wouldn't short here anyway for a position trade, i 'might' if it broke 9300.
 
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