over the last 2 weeks, gains % is always lower then loss %, at around -1%. sensible gap to me.
if tonight can stay above 46.8 then mini oil bull?

this rally can be fragile.

traders may be taking profit.

i have seen enough wild swings even in one session.

will need to watch very closely.

i will not keep too long, better hit and run.

waiting for opec to say something lie ...meeting with other producers...... too much oil is not good ... etc etc ....then oil will hit thru the roof !!!

You have sat down quietly for many months and observed till you get this insight, right ?? A great observation indeed.

Mike, Yok and all,... the above is very, very useful for our trading strategies.

over the last year, there have been many "oil drivers".

fed hike talk, isis, iran, china, hedge funds.

then there is opec talk, rig count, cushing inventories, jobs reports, refinery breakdowns, market confidence.

the fed thingy and hedge funds have the most major impact.

the rest come and go very quickly.

when there is no major driver, dow takes over.

i simply read all that i can get hold of.

news, data and sentiment about oil is easier to find than say, SPY or AAPL!

This post has been edited by AVFAN: Sep 22 2015, 01:29 PM

Right,...

big bear tonite!

eur -1.x%

futures -2xx, crude follows.

brace for impact!

Stock price is good bargain level and attractive now, but the VIX index is still not in fearful mode. Perhaps, right level of VIX index will pull in more investors appetite.

not so bad. -180 only.

crude off lows, looks like wanna rebound.

maybe can get ikan bilis.

This post has been edited by AVFAN: Sep 22 2015, 09:44 PM

just back from work. wow....very 'cheap' everywhere. busy seeking ikan kicit while having tea now ....

ya. looking to rebound and hope not finding resistance somewhere ..... wonder y oil drops so much..... US crude data coming soon ....

just hope that indices will hold at this level

This post has been edited by mikehwy: Sep 22 2015, 09:56 PM

beh tahan, long oil with yday small profit ....tempted tempted so went in

prices r floating up bit bit ...so far so good.

very tricky...

haha, i bought few dollars of U and it dropped to the floor last 20 minutes b4 rounding a bit. scared the sheeet out of me. hahaha...really a fun night

europe deep red.

more qe talk, euro dived.

usd strengthen, commodities fall.

dow -270, can sleep early...

mornng all.
just saw dows n 'my' oil. pleasantly surprise tat I mafe 10 sen...well tats brokerage.
barring mishaps, shd make few dollars tonight ya?

asian markets down 2-3%.
commodities still edging down.
dow futures still showing -1xx.
will be dicey again.

but yes, i too hope to make a couple of ikan bilis.

really bad external issues. all bad. china data bad. I guess pil is gonna bad. danger again