oil bulls won't be that bullish today/tonight!
Kuwaiti oil and gas workers have ended a three-day strike that had temporarily cut the OPEC member's crude production by nearly half, the trade union said in a statement posted on its Twitter account.
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Russia May Increase Production 100 MBOPD this Year
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The American Petroleum Institute late Tuesday reported that crude supplies rose by 3.1 million barrels for the week ended April 15, according to sources who reviewed the report. The closely watched Energy Information Administration report will be released Wednesday. Analysts polled by Platts forecast a climb of 1.6 million barrels for crude inventories

It is crazy but last time oil at 41.xx. XLE didn't even go above 65.  It seems the oil stocks are more bullish than crude oil price itself

dwti will be 150 then.

i only ask for 135.

>41.70 is june futures.

may futures, 40.20.

i think it will go below 40 (may) later.

dwti follows something else, something complex, can't remember but i did find and posted it somewhere in this thread.

really, it does not matter. becos may or june or jul - they are all connected with continuity.

the futures price will cross over from may to june when may is over, then june to july.

derivatives like dwti are continuous but reset daily - the prices/units are internally "adjusted" correctly, no worries.

but, as u already know, there is "decay" over time.

The 'feeling' that I talked about earlier still stands,...to my own detriment too,...

if it gets over 45, i will go long.

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

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

do wait a bit.

even if u surrender, do so after 2am.

that's the time the bulls and bears look at each other and go separate ways.

i suppose it's ultra high risk. ggogle and you will find their reputation as the "the most dangerous trading product on earth".