early open sunday for nymex energy

[SethArb]

crude catches a bid

rallies $1.00 or so after the shorts see the black swan
spoos doo - doo

glad I smelled it before they did

 

[AMT4SWA]

Quote from Cdntrader:

QM (Oct expiry) trading 98.875 as of this moment

Thanks to tonights trading I have been able to have all my $100.75 to $98.75 zone covers tagged.....oil is now trading in a very large zone of stops.

 

[AMT4SWA]

Quote from AMT4SWA:

Just so you know....there are MASSIVE stops below the $99's from the last time we ROCK'd off this zone (from my market delta analysis at that time we last traded there.....I remember I had a small LONG position out of the $98/$99 area last time we traded there. I had entered a trade due to a significant LONG cumulative delta divergence from those who were accumulating LONG's just below the $99 level).

Well this area played out to the "T" ...... all those stops were blown out and we accelerated as LONG holders capitulated in an "at market" head to the exits mess.....you gotta love the price action!!!


Come on baby....lets see the $85's by Friday!!! :eek:

 

[artis74]

How are those stops tasting? We are trading in a range if you consider 90-125 a range......

 

[AMT4SWA]

Well I bought someone's contracts with my $147.75 SHORT entry position covers from $100.75 to $98.75......the $98 to $100 zone LONG holders were selling out to flatten while I was buying. This zone should now be our first level short term resistance area.....we will see.