That's it! 44 is here... woohoo.. just in time.

$45.xx already.... Going to next range play soon.

Incredible!

Wow... tonight, the oil ETF sure gaps up.
Maybe can play the gap-fill game again.

Here we go guys.... I think we're in new game range here: 46-50.

I know this sounds crazy (despite over supply) but we need to stay long because of OPEC optimism.
I think we got a few more upside points to climb here.

Got small pull back here.. but the bulls will BUY this dip!

I think XLE is safe here above 67.50. Must hold by Friday.
Just two more days to go.

In that case, UWTI should jump way above 27.
BUY BUY BUY!

The technical chart is good. Buy buy buy!

This post has been edited by danmooncake: Aug 18 2016, 02:44 AM

Woohoo...$50 is cominggg.... XLE now above $70.

All my calls exploded 25%

Didn't get the chance to short.. but took all profits last Friday.
I'll wait to see if it can pull back to 45.xx, if can hold here.. I'll long again.

Full reversal here...

Just prior to the market open, XLE was popping green already with futures on the general indices all green but
strangely, crude was in the red zone. The last 30 minutes, all reversed with huge buy here.

XLE already filled that gap. UWTI should do it shortly.

What the heck?? Who let the air out

Almost got over 48 prior day.. then, got whacked down again.

This post has been edited by danmooncake: Aug 25 2016, 12:12 AM

Holds off $46.50 and bounced up... come 'mon let's pivot here.

Quite an interesting day... Oil down but XLE up green!

Oil got good support at the 46.xx, already couple of times since last week, it refuses to test the lower support side at 45.xx.
I think it will test the high side again near 50.xx

Yes, I think all the doom and gloom are quieter now unless there is another yet unknown events lurking somewhere that nobody knows about.
The Brexit that hits the market suddenly as if it has no effect whatsoever. The last economic report from UK wasn't bad after fall. Businesses goes on as usual.

We're suppose to get a major pullback in August but nothing happened so far. The market is quite resilient here.

As long as Fed delaying interest rate or no sudden announcement, the market will roar higher.
Crude will likely stay range bound until OPEC pushes yet another bullish news about potential cut.

45.xx to 50.xx is quite interesting range to play here.

This post has been edited by danmooncake: Aug 30 2016, 11:36 PM

What the heck.... oh come 'mon.

Hold that $45 line!!!!

This post has been edited by danmooncake: Sep 1 2016, 12:14 AM

Buy Buy buy... Oil is lagging now but I think it will rally soon.

As expected both Russians and Opec wanna to squeeze the shorts again with their words.

Too bad we can't trade tonight, but I expect tomorrow we'll see a gap and run.

Let's ride 'em up again to 50s.

Wow.. what a ride. But, I think bulls can defend this $45 line after that big surge yesterday.
Hopefully, can get closer to $48-$49 level first before the pivoting.

It's not encouraging to see sell off tonight but I think we're still in a small right range movement here.