ES Journal - 2019/2020

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I think @Noone123 might be referring to the weekly EIA report per below chart. As you can see, last week's inventory came in far below the forecast number:

View attachment 226978
Schiz... if it was that easy, we'd all be rich bro.
There are firms out there that rent transponders on satellites that have proprietary technology that allows them to ping everything from friggin storage tanks to supertankers' drafts. Do you REALLY think anyone that is in this game at the level of real world oil trading looks at the weekly EIA #'s?

I mean don't get me wrong... I do.... but who f'ing cares. Those #'s are all bs. Trump could strong-arm some lackey's and Wednesday's numbers will show a huge drawdown.

You've been around a long time, you should know this.
 
+60 at 2845 ... holding rest for +100 at 2885 but this 2845 is going to be a tough number methinks

Possible full on wall you think? Or just cause for likely pullback on the way to the 2880's?

I could use a pullback to average into...
 
Possible full on wall you think? Or just cause for likely pullback on the way to the 2880's?

I could use a pullback to average into...

Nevermind I see it :thumbsup:

Anything specific that has you put more conviction towards certain Fib levels (such as this one)?
 
Schiz... if it was that easy, we'd all be rich bro.
There are firms out there that rent transponders on satellites that have proprietary technology that allows them to ping everything from friggin storage tanks to supertankers' drafts. Do you REALLY think anyone that is in this game at the level of real world oil trading looks at the weekly EIA #'s?

I mean don't get me wrong... I do.... but who f'ing cares. Those #'s are all bs. Trump could strong-arm some lackey's and Wednesday's numbers will show a huge drawdown.

You've been around a long time, you should know this.
But as you said so above, it's all about the "psychology", which I agree 100%. :) Nobody bets on the future itself. What they're betting on is what others are planning for the future.

Sure, I ain't saying the EIA is anything but (as in it could tell you any better than what everyone already knows). But, again, we're trading the psychology not the numbers--right? :finger:
 
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