Very tight range movement... indeed!

if gets close to 50... buy
if gets close to 55.. sell

But, market hardly give you the chance sometimes.
Just have to put orders in 1-2% below the current target relative price.

API data show weekly rise of 2.9 million barrels in U.S. crude supplies: sourcesThe American Petroleum Institute late Tuesday reported an increase of 2.9 million barrels in U.S. crude supplies for the week ended Jan. 20, according to sources. Analysts polled by S&P Global Platts forecast a climb of 1.9 million barrels. The API data also showed a rise of roughly 4.9 million barrels in gasoline supplies and a climb of 2 million barrels in distillates, sources said.


maybe some major movement tonight!

DOW 20,000.

yes. my watchlist is so so green!!! financial history is made by trump???

Why Dow suddenly UP UP UP? any big news announced?

Trump in charge of the bulls...that's why.

Next is for SP500 to break 2300.

yes, bullish market. 2300 re-test

Goog 830... hooray...!!

1000 coming...

that IS the target!


oil... so strange... buildup... price down, up, down...

as if whatever happens it will hang around 52-53.

feels like a resistance for oil now....unless it's the other way round: building up a strong support at 52-53....

It looks like there is almost a 4-points spread from 50 to 54 actionable trade. We're 7 weeks into this range now.
The sellers are jumping in 54-55 here, hampering it from going higher.
As it gets into the 50.xx zone, just BUY and upper 53.xx zone, SELL'em to lock in profits.

Let say if 50 floor fell if US decides to flood the market with shale again short term,
I think the lower sub-floor at 44-45 should hold and buyers still step back in.

For the next 4 weeks outlook, I think the bulls are still in control here.
I am thinking of selling some OTM puts around here and play this waiting game for next month.
If we turn south, I get to own some oil stocks when it is down at the 44-45 zone and just wait for OPEC cuts to take effect.

Anyone else seeing this play?

This post has been edited by danmooncake: Jan 27 2017, 02:52 AM

i am just playing dwt/uwt!

it's quite alright, really... uwt when 52.5, dwt when 54.

tight range, small play...

Talking about DWT/UWT... both started at $25 two months ago when oil is at $50,
Now, oil has gained 6%, DWT lost more than 10%, UWT gains only 4%.

If continues same range ($50-$55) for next 2 more months, both will eventual go below their initial $25 price.

decay... not that one is holding either for long periods... hit n run, negligible effect.



crude -2%, <53.

rig count likely up again later.

when it gets to near 52, can go uwt again!

This post has been edited by AVFAN: Jan 28 2017, 01:21 AM

Baker Hughes US #Rig Count (27/Jan): 712 (prev 694)
- #Oil Rigs: 566 (prev 551)
- #Gas Rigs: 145 (prev 142)

Just wondering guys, what's the cheapest platform to trade American stocks from Malaysia? I am looking online, the Malaysian options are too expensive ($25 per trade), while the American options seem to require $2,000+ minimum account balance.

Maybe I am missing something. I would like there to be $10 fees per trade, and zero requirement of account balance.