My 'feelings' persist,......... oil price keeps going up since I said so many pages back,... yes, I'm in the game,...

This post has been edited by Hansel: May 26 2016, 05:37 PM

50 should see some strong resistance....lets see if it could break that out clean.

My feeling still tells me that 50 will be broken and will continue rising,....

the test will be tonight.

next week will confirm it.

wti has not been >50 since july 2015.

i am getting ready for both shorts and longs.

7.15pm. crude hits 50 !!!

as Avfan said, we will see if it holds....me too, preparing my shorts n longs.
my 36.6 still winning...haahha....so happy

This post has been edited by mikehwy: May 26 2016, 09:26 PM

crude is flirting with 50 barrier

indices not rallying tonight.

think wti will take a breather, bulls need to take profit and get drunk.

dwti in, 70.10 earlier.

cimb said today that copper may be heading towards recovery.
just read that grain market heading rally too.
perhaps, it's time for commodity market's fight back after years of depression?

I think bulls should turn this ship around and become bears first.. maybe bring it down to $40 again one more time before going back higher.. it makes no sense to plunge ahead now even with such high inventory level.

40 will be bad for the bulls!

45 more likely, i think.



now retreating to 49.

tonight yellen may say something; baker hughes rig count.

so yes, 50 is a tough wall to break....

today, fri... think can short.

Be-careful buying at this level (for longs). It is already 3rd day... Oil is still battling around there at 49/50 level. I think it will likely retreat by early next week when general market take profits. SP500 is already near its 2100 resistance level.

This post has been edited by danmooncake: May 27 2016, 11:20 PM

rig count due 1 am.

yellen speaks at harvard 1.15am.

market closed on monday.

yellen live:

http://www.cnbc.com/watch-live/partner?cha...1&flyingspaghettiplay=true

what i hear... she is reaffirming the fed's intention to raise rates this year.

chance of rate hike now goes up, i think...

market is rather calm on rate hike in june so far.....i guess, if this continues, they will "dare" to actually raise it in june.

I think they will hit the big SELL button next week.

and it's so boring tonite.


despite rig count data, yellen talk, wti moved within 15 cents range for the last 2 hours.

think can sleep early...

i hope so.

time for a shakeout!

current prices... cannot buy, cannot sell...

long awaited party...