So much volatile...long short and long again

now long or short?

i shorted again 5 mins ago.

will now wait for wti 45.0.

44.80 should be the strong support.

right you are!

i'm done for the night.

o, typo error. been always 1 hand at work n other hand at keyboard.

just log in and saw Dwti 110!!! OMG! i remember i saw it at 97-98 ???

the Q is, crude going Up, or Down? i am blurrrrr

it's an inverse bro. calm down.

It is also 3x percentage move from the opening low.. oil traders sold surged crude into the gap up from 46.xx earlier,
bam, dropped back below 45. DWTI spiked back up. Bulls are more afraid than bears. Bears win again.

overall market also seems like same attitude. some scary bulls, hard to make a real move.

Have you also notice that all the gaps are filled too?
Say if gap up big in the morning, then they sell into it by noon to fill that gap from yesterday close.
Or if gap down big, the prices will rise back up by noon to fill that prior day close... back into neutral.

If close down big.. then next day, surely it will move up.
If close up high, next day it will move back down.

yes, i notice that too. Therefore, i am kind of long term bull. Just for short term, the negative sentiment created by market manipulators has not reached their satisfaction just yet. The 1885 has achieved, if got next i'm looking at 1782.

This post has been edited by yok70: Oct 2 2015, 03:28 AM

exactly, more true for crude, hoverng around 45.'gap up then closed, gap down then closed....so funny. its almost like 1 day up, next day down n vice versa

This post has been edited by mikehwy: Oct 2 2015, 10:01 AM

the bulls retreated when they got news:

Oil prices fell nearly 1 percent on Thursday as the government's storm monitor altered forecasts for the path of the latest U.S. hurricane, snuffing out an early rally that was prompted by fears of storm damage U.S. East Coast oil installations. Comments from Russia's foreign minister also eased fears over escalation in the Syrian war.

volatile... but within the same narrow 44-47 range for >1 month now.

but not so narrow with dwti or uwti at 3x!



tonight will see big jobs report - the fed rate hike thingy will be back in focus, crude will come under pressure again, i think.

Pivot: 45.78

Our preference: Short positions below 45.78 with targets @ 44.63 & 44.3 in extension.

Alternative scenario: Above 45.78 look for further upside with 46.33 & 46.9 as targets.

Comment: The RSI broke below a bullish trend line.

Supports and resistances:
46.9
46.33
45.78
45.24 Last
44.63
44.3
43.95


Attached thumbnail(s)

yep, that's what i would hope to see tonite.

now, 45.30.

Waiting to long again if reach 44.30 - 43.0.

jon report, what time pls?
good report .... fed rate hike
poor report .... weak economy

both outcome also tank indices tonight ??

casino market

Friday will see nonfarm payrolls, the unemployment rate and average hourly wages released at 8:30 a.m. ET, with factory orders at 10:00 a.m

BREAKING: US created 142K jobs in Sept vs 203K expected


papa bear coming...