cant believe crude reverses the direction today, jusy after new saudi oil minister says the same policy is to b maintained!

collect more, uwti, 27.2 a bit

But with speculators already holding the largest number of wagers for a hike in U.S. crude's West Texas Intermediate futures since last summer and near-record high bullish bets on Brent, the scope for further gains was limited without clarity on the extent of damage to oil facilities or supply outages, analysts said.

Oil prices have risen more than 70 percent since hitting 12-year lows of around $27 or lower in the first quarter, supported by falling U.S. production, unexpected supply constraints in Libya and the Americas as well as a weaker dollar.

Commodities recovery 'bit too fast': Vedanta Resources CEO
Adding to Monday's bearish sentiment was market intelligence firm Genscape's report of an inventory build of 1.4 million barrels at the Cushing, Oklahoma delivery hub for WTI futures.

sold remaining dwti at 105, clear stock finally.
oil reached strong support, lets see which direction it is heading to. 
on the other hand, can apple go 88? wondering....

my observation for several days/nights now...

day time, asia and euro markets push oil price up until 5-6pm.

then, it starts to go lower.

just before 9.30pm when nymex opens, it takes a dive.

then it bounces around but ends even lower for the session.

next day, rinse and repeat - asian and euro marts push it higher again only to be undone in us marts.

46->44, 45->44, 45->43.50, 46->43.30, 44->?
will tonight be a repeat of the last 5-6 sessions?

red now....

see...!

44->43.20 at 7.30pm.

i think can short again tonight.

i expect eia report to show incr stocks, again.

simply too much oil... "now everyone can drink crude".
next stop... 43, then 42.

usd/rm... 4.06... 4.10 will come.

9.35pm. crude spikes at near 90 degree north! ???why so? lower stockpiles?

not yet, a bit later.

now, the fighting ravages.

place yr bets.....

strange chart for crude. seems like a persistent equal power fight between bulls and bears...still cant see the direction.

44.50, hit.
now, what?
what market want next?