"oil up, highest 1 month on Syrian war jitters..."

SL hit @ 48

lol. i made losses today. damn shit .

Better play safe.

crude is at SOS level, 48. the power of hedge funds !

hahaha my goldman sach hedgie friend shorted since yesterday. i wonder how he's doing now.

crude is strong...

it will take dow to go red to bring it down after climbing 5%!

tiny bet on dwti. hoping nymex to dip below 48. sounds difficult right?

look like going to stay above 48.

that may mean a breakout, may continue to trend up in the coming days.

i think so too. 48 resistance could become support from today. wonder y crude goes up, and so strongly. saudi cuts crude price? lower rig count? i dont think so .....

as said....tricky bull....hmm.....at least some more correction can make more sense before a real bull if there is any.....

us output cut in new forecast.
http://www.cnbc.com/2015/10/05/crude-up-sl...-oil-talks.html

but tmrw, maybe report says stock buildup, will ease...

anyway, think after >1 month range bound now trending up, and with all that news, shorting is probably not a good idea anymore.

will take small loss later.

then see when to go long.

media are feeding oil bull now, it's hard to beat the media.

ya, better get out and stay away for a while!

agree to adfan n yok. all news are about crude bulls. me too about to cut loss, $1. crude 48? wow ...

aug 27, 28, 31, crude went from 38.80 to 48.0, 24% in 3 sessions.

last session, close 49.

there is now talk it has broken out, will test 51-53...



will it go 2 more legs up?!

usd weak, hedge funds, all that news and hype.... careful...

This post has been edited by AVFAN: Oct 7 2015, 09:54 AM

Around 53 to be exact.... which is 61.8 % fibo level.

All news around now points to oil bull. Shell CEO said that oil price has bottomed. Is this the floor, awaiting an upturn in the price of oil ?

This is an early sign to short. I will go against the crowd.

Good, an opposite view... But keep your SL tight. However, I too do not believe that the price of oil will increase so quickly. I carry the view that this price will remain around $50 for sometime as a strong floor. Not escalate.