wow...overall market bullish....wondering what trigger this bull?
USA Stock Discussion v7, Greece Debt Crisis!
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 May 11 2016, 12:45 AM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur  
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May 11 2016, 03:20 AM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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strong oil bull....
This post has been edited by yok70: May 11 2016, 03:46 AM |
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May 11 2016, 10:34 AM
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(yok70 @ May 11 2016, 03:20 AM) strong oil bull.... may be not so strong tonight.... QUOTE With Canadian oil sand production gradually coming back and U.S. crude inventories hitting record highs, some analysts say that a price rally away from decade low prices hit early this year may fizzle out. Industry group American Petroleum Institute (API) said on Tuesday that U.S. crude inventories rose by 3.45 million barrels to a record 543.1 million barrels during the week ended May 6. In a sign of an ongoing aggressive fight for market share, Iran has set its June official selling prices (OSPs) for heavier crude grades it sells to Asia at the biggest discounts to Saudi and Iraqi oil since 2007-2008. |
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May 11 2016, 09:47 PM
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All Stars
24,454 posts Joined: Nov 2010
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despite api report +3.5m bbls to record inventory, asian/european bulls pushed it near to 45 earlier.
just before nymex opens... drop to 44.30. now, we await eia report at 10.30pm. will be be more or less than +3.5m bbls? i think... given the bulls' readiness to charge, even +3.4m will be good - rally!  be ready.  |
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May 11 2016, 10:38 PM
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All Stars
24,454 posts Joined: Nov 2010
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api says +3.5m, eai says -3.4m.
Oil rockets higher as US crude inventories fall by 3.4M barrels wonderful! |
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May 11 2016, 11:46 PM
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All Stars
17,100 posts Joined: Mar 2005
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crude stockpiles data r confusing. crude prices skyrocketed while i was away for dinner. what a wonderful sight to see as i am still holding tiny batches at 26.5, 28.5, 27.2.
but nymex at >46 !!! no one would believe it not long ago when experts were predicting 20 usd price! i still think 46 now is way too too high! ??? right? |
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May 12 2016, 01:24 AM
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(mikehwy @ May 11 2016, 11:46 PM) crude stockpiles data r confusing. crude prices skyrocketed while i was away for dinner. what a wonderful sight to see as i am still holding tiny batches at 26.5, 28.5, 27.2. congrats!but nymex at >46 !!! no one would believe it not long ago when experts were predicting 20 usd price! i still think 46 now is way too too high! ??? right? i quick quick cut my last bit of dwti, went to watch tv.  stocks down, oil up and up... some disconnect... what's going on...? |
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May 12 2016, 01:25 AM
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All Stars
17,100 posts Joined: Mar 2005
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crude is still spiking! i am all out, UWTI, sold all, 32.2.
decent profit to cover earlier losses on uwti. |
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May 12 2016, 01:29 AM
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All Stars
17,100 posts Joined: Mar 2005
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QUOTE(AVFAN @ May 12 2016, 01:24 AM) congrats! last time, dows was 'correlated' to china data, then got disconnected, then correlated to crude prices, and now disconnected. wonder whats going on? maybe someone was correct to say that oil firms are hedging against further price rises!!! i am off to this speculative position atm. remember yday when new saudi minister was saynig the saudis would maintain the same policy, and crude got spanked.....i quick quick cut my last bit of dwti, went to watch tv. stocks down, oil up and up... some disconnect... what's going on...? |
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May 12 2016, 01:31 AM
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All Stars
17,100 posts Joined: Mar 2005
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crude is way tooo high toooo early toooo fast. wish i have the energy n guts to short at close today.
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May 12 2016, 01:34 AM
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(mikehwy @ May 12 2016, 01:31 AM) crude is way tooo high toooo early toooo fast. wish i have the energy n guts to short at close today. better not... it may not stop until 50... |
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May 12 2016, 01:36 AM
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All Stars
17,100 posts Joined: Mar 2005
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QUOTE(AVFAN @ May 12 2016, 01:34 AM) better not... it may not stop until 50... ? omg ! |
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May 12 2016, 05:09 AM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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nice bull run, very oily....
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May 12 2016, 04:43 PM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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50 coming....
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May 12 2016, 06:49 PM
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All Stars
24,454 posts Joined: Nov 2010
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wti 46.64.
dwti 83, uwti 33. becos iea says... Global oil markets 'heading towards balance': IEA the oil bulls are in for a wild time! i hope the "trio" will ride along.... |
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May 12 2016, 09:21 PM
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All Stars
17,100 posts Joined: Mar 2005
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crude spikes again since 9pm local time.
wonder who is talking or what reports are out! it seems like crude price is more 'news' dependent currently and empirical data n facts are ignored. now, experrts are out again to talk about usd 60 (no more 20) !!! |
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May 12 2016, 09:22 PM
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All Stars
17,100 posts Joined: Mar 2005
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maybe xle back to 68?
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May 12 2016, 10:46 PM
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(mikehwy @ May 12 2016, 09:22 PM) maybe xle back to 68? I think it will probably do that until all bulls are in. Keep buying dips for now.USO, OIH, XOP including leverage like UWTI, ERX, GUSH all showing more upside to go. It is crazy despite high inventory levels, it does not matter. Just small news on little drawn down, or fire in Canada (eventho none of the oil fields or refineries are actually stopped producing), the bulls keep buying. |
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May 12 2016, 11:32 PM
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Senior Member
2,711 posts Joined: Sep 2005
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sold all my tech stocks, i guess rest in may for me
edit: forgot, i still have aapl. but likely selling soon too This post has been edited by wlcling: May 16 2016, 10:37 PM |
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May 12 2016, 11:58 PM
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(wlcling @ May 12 2016, 11:32 PM) sold all my tech stocks, i guess rest in may for me I guess we can blame this on AAPL. It's dragging down the tech sector.  |
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