wow, nymex -4.8%, at 54+. will ot dip below the magical 50 again for further consolidaiton? but my ron 95 just +10 sen! i am still hoping to see my gomen's 'formula' for setting the price.

actually, quite a few hk stocks under my radar dropped more than 20% since last week. I'd added more shares on those. 

huh! greening !

Sorry but did anyone saw my query?

Some saying China is doing what US was doing back in great depression. Trying to stop a runaway train.
Their govt now stepping in to back stop the drop... some even call it Xi Jinping PUT. 

Not sure if it will work or not because they're only protecting the blue chips stocks.  Some small caps and no name overvalue companies are still being kicked down because uncles/aunties/taxi drivers all want their money back, the very moment it rises back, they will sell and some just throw in the towel and never turn back.

Japanese candlesticks are outdated 

same Q here. seems oil is going nowhere these days...

Remeber when I wrote "does not look pretty at all" and "setting up to re-test 58.8", it was when the crude painted the similar pattern I posted on 17th June 2015.

Here's another closer look if you took note of the pattern and applied on the crude 5min price pattern on 1st July.

I am planning to cover 1/2 positions around $51 and all around $50.

Crude is highy sensitive to the following data:
1) Iran talk - which was extended to 10th July again
2) Tuesday Genscape forecast - before noon
3) Tuesday 4:30pm EST API
4) Wednesday EIA
5) Friday 1pm Bakers Rig Count

Not sure how you trade but I follow those data as close as my gf when I first met her.

*Japanese candlesticks are outdated but still can be used for educational purpose, however price patterns work everytime.

This drop is too significant, I am not covering any shorts at the moment but closely monitor the bounce phase. 1st bounce phase for crude will be the importance to regain $52 in shortest amount of time. Until then, we could see a further break below $49 and splash towards $47.50

You don't owe me nothing, it's your decisions since my view is just one of the millions out there available for you to dig.

However, this is a short-term bearish trend enclose within a intermediate term-sideway breakdown which is also enclosed within a long term downtrend. As such, any bounce attempt to break out from $52 is viewed as a shortable opportunity ( a breakout of $52.20 to be exact will be positive for short term bull trader) . Will not be surprising if we are going to see rig counts increase this Friday and also an increment in build from EIA tomorrow.

From my shallow point of view, the crude is trying to price-in the Iran deal atm, though I doubt the selling ends at $50.58.

Here comes the battle of bull-bear@52.20 lets see which one get smoked after 1hr.

Have to be cautious with any longs since this rally is basically one of those in August 2011 in which it is fueled by short-covering into the close. Loads of weird structures on the 30min market profile which implies traders are being forced to close their shorts. (no strong new buyers stepping in)

TLDR - short squeeeeeeeeeeze, meep!!

By next Friday (talking about 17th opex week), we might be able to see new currency - Drachma.

The only issue is: Foreigners are to be forced to use Drachma in Greece. In which 1 Drachma = 1 US dollar. Hoah! Huat ar the Greeks will be!

Yeah, Santorini is a beautiful island, so does Mykonos and the surrounding islands, but hey fellow tourists! Pay me in Drachma and that's equivalent to 1 U.S.D.o.l.l.a.r.

Thank you.

Sigh, to appear on CNBC you either has to be very very smart or very very -insert own word-

CNBC Malaysia Beloved PM

However, this is a short-term bearish trend enclose within a intermediate term-sideway breakdown which is also enclosed within a long term downtrend. As such, any bounce attempt to break out from $52 is viewed as a shortable opportunity ( a breakout of $52.20 to be exact will be positive for short term bull trader) . Will not be surprising if we are going to see rig counts increase this Friday and also an increment in build from EIA tomorrow.

i like that....wait another 20% fall....

Yeah!! 

Yesterday, FXP got 8% at open. Tonight, it got 9% at open.  Going to scalp again tonight. 

I think the fear is spreading... we're likely going to see sub 3000 for Shanghai Composite soon.
The Bears are liking the blood of the aunties/uncles in China.

Yes, it is.. this thing is pretty gappy because of the overnight re-indexing trying to follow the China FTSE 50 stocks.
Let see what happens if China stock market continues to deflate.