Oil Up 5%

[dealmaker]

McMonigle: No OPEC ‘Freeze’ Without Iran

 

[CannonTrading_Ilan]

I actually think Oil is going up medium term but it is just an opinion....
I wrote the following for TheStreet.com couple of weeks ago

 

[vanzandt]

I actually think Oil is going up medium term but it is just an opinion....
I wrote the following for TheStreet.com couple of weeks ago

Good call. API numbers showing the biggest drawdown since 1999. http://www.zerohedge.com/news/2016-09-07/crude-spikes-after-massive-inventory-drawdown-most-jan-1999

EIA #'s tomorrow @11EST

 

[murray t turtle]

I actually think Oil is going up medium term but it is just an opinion....
I wrote the following for TheStreet.com couple of weeks ago

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I agree long term trend is UP;+ medium trend is UP.
But its had a pretty good run this week. Good liquidity closing out longs a bit early- dont like being rushed in my buys + sells or vice versa.50 dma is still up; one year candle chart looks a bit weak. NOT a prediction

 

[jbardon]

Hi everyone, could I have a question:
What are these wild moves in crude oil after the close at 4:30ET for example today 13th of September or 7th of September at 4:30ET, is any data then or what, I have no clue?

Thank You and apologise because of this stupid question,
All the best
Janos

 

[CannonTrading_Ilan]

Hi everyone, could I have a question:
What are these wild moves in crude oil after the close at 4:30ET for example today 13th of September or 7th of September at 4:30ET, is any data then or what, I have no clue?

Thank You and apologise because of this stupid question,
All the best
Janos

Yes there is a report every Tuesday afternoon at that time, it is the The American Petroleum Institute (API) report. Not as "big" as the EIA report which comes today at 9:30 Am Central. You can read more on day trading crude oil here.

 

[jbardon]

Yes there is a report every Tuesday afternoon at that time, it is the The American Petroleum Institute (API) report. Not as "big" as the EIA report which comes today at 9:30 Am Central. You can read more on day trading crude oil here.

It's clear now, thanks

 

[murray t turtle]

IMHO the Short targets have been met (Both long & medium terms)
Currently we're bullish, target 50$. Thx for providing liquidity =P

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Like Art Cashin said-- ''shorts [help ] fuel the rally'' LOL, but true.

 

[Zestilio]

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Like Art Cashin said-- ''shorts [help ] fuel the rally'' LOL, but true.

Would you expain this with some examples? I imagine how this can work, but not sure why.

 

[James Blanco]

The oil market expectations are going to be distressing at a time, as the stabilization of supply and demand is anticipated, as IEA report suggests....currently, oil is stable , as it dropped this Tuesday.