Crude is screwed, man.

dealmaker said:
One Of The World's Biggest Oil Hedge Funds Just Liquidated All Its Longs

http://www.zerohedge.com/news/2017-...oil-hedge-funds-just-liquidated-all-its-longs
More...

What should we expect from ourselves if his predictions were so off for near term trades for several months!

http://www.zerohedge.com/news/2017-...oil-hedge-funds-just-liquidated-all-its-longs
May 5, 2017

The fund, Andurand Capital is a renowned oil price bull and has been reducing its positions gradually over the course of 2017, the source said, while adding that it remained fundamentally bullish on oil.

It has been a tough few weeks for Andurand...As Mark Constantine tweeted, a few weeks ago Andurand was predicting oil prices to hit $70 later this year
More...

Andurand-Capital-5-1-Returns.png
 
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He actually made money in 2014 and 2015 in a bear market. His track is not so bad to date. We should give him a break for now.
 
I guess currently the major near term fundamental factor driving the crude oil price down, and causing occasionally sudden volatility, could be due to any daily progress about North Korea war news.



Anonymous warns world to ‘prepare’ for World War III

THE infamous hacktivist group Anonymous has released a chilling new video — urging people across the globe to “prepare” for World War 3.

May 9, 2017

http://www.news.com.au/technology/o...i/news-story/85fcedd4537bdc5d30ce5fd5b6184c41
More...
 
EIA - EAI - Oh!
Nice EIA crude inventory price action. 2 trades today, first one was hard as blazes to hold through news, but that's what trailing stops are for. Second trade - fade from new relative highs offered 20-40 ticks.

2017-05-10_2113%20elite.png
 
Slow Friday as she recoils prior to Baker Hughes Rig Count - only 2 trades today.
Agreeing with @Buy1Sell2 that 4775s are an inflection point:

2017-05-12_1101%20elite.png


Have a great weekend to all!
 
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