Anyone want to share thoughts on WTI? Its like a mini sushi roll. It popped from my QADn but so late in the quarter, I am not sure what to think.
The ACD Method
- Thread starter sbrowne126
- Start date
Great call. +700 pips so far if someone took this this trade, and it was profitable right away.
Natural gas seems much more interesting right now. WTI is in chop mode as the number lines suggest. What has been interesting is the flattening of the curve in WTI.
Thanks.
Did you catch any of that move in RBOB?
It has been a good run since late July. Got a lot of this move as well. I bailed Monday on the weekly A down. Not surprisingly, turned out to be a pretty good stop.
CL, with more chops than a Shaw Brother's film.
Kind of interesting in crude oil....Today the Saudi's announced they will cut production as long as Iran agrees...okay that potentially is promising news for bulls. Plus you have these EIA/APIs showing massive weekly inventory drawdowns (-16M, -5M)....okay that is really promising news for bulls. Yet here we are, and oil is down -3% today. Good news, bad action anyone?
Actually, the news today was bearish and probably trapped a lot of late longs from yesterday and Wednesday. The crude guys I talk to are still bullish, but Mav is right in that this is chopper mode right now.
Cold winter predicted, potentially a historic winter. If that plays out, then nat gas is place to be for sure. We will know by end of October.