wow, crude hit past 44!!! will 45 the next target?

XLE >67 ! holly cow.....i thot at 62 was 'way too high' and it now seems to be heading towards 70 ?

no so fast...

need to zig-zag, tease a few days first...

the bulls are determined.

oversupply... last night, i heard cnbc fella saying oil prices no longer reflect fundamentals, driven by small bits of news.

question is for how long...

so i will hold on a few days longer. losing near 8.00 now

i got out 109 last night.

now at it again, 101.

ok, i collect AGAIN, 101 but very few only

You guys are brave to play DWTI.

Just play UWTI lah.. it wants to see $30.

it is strong.

last few minutes, still roaring back!

got some out at 106, ok.

definitely trying to breakout 45.....
but ya, really against the fundamental here....
for how long.....a billion dollar questions....

if it gets over 45, i will go long.

for now, if chance comes, i do day shorts.

i don't know what to do now....still holding my dwti which bought at around 111....
it's tempting....45 even more tempting....but, 45 also means 50 is more possible to reach....

crude oversupply + poor co. earnings + fed rate hike fears

vs

broad recovering commodity prices + japan/euro potential easing + irrational oil bulls

so, which way?

Irrational way win

Hi, Jenn V reported in. Nice to meet you all!

think tonight got chance...

profit taking, near 43.

but careful tue/wed... api/eia stocks data, again...

Creeping-up, the feeling gain,......

oil dear oil, i need you to breakdown 41.47...

That is asking a lot....but who knows...

geee...once again, sharp rebound in minutes!.....i surrender to oil bulls....both hands....

crude rebounding! but doesnt look string...lets hope!