crude...

hedge funds are now shorting like hell, teasing opec/russia can do nothing.

while putting more and more $ in tech stocks like amazon and google.



BUT... we know they can U turn anytime too.

so, we watch if OPEC will have emergency meeting or just let it be....

Wow, oil drop yet another 3%. Looks like bad news to longers and good news for shorters and put holders. Ultimately, the best piece goes to us, consumers who is wishing for a continuation in drop of fuel prices.

Anyway, 47 looks low for the short term and watched CNBC the other day about how the oil chart is performing yet another backwardation. I could take a second guess oil might rebound sooner rather than later, I'll look at the entries on USO tonight.

Back into oil short to follow the bearish crowd and play a bit here.

The better than expected draw of both the API and EIA this week meant absolutely nothing for the bulls.
No one is buying it.. we just saw a small spike and all evaporated.

I think we'll see WTI oil to drop to 45-46 shortly, which means DWT could see 35-36 again. After market close,
we'll see another rig count increases.

This post has been edited by danmooncake: Jun 2 2017, 10:37 PM

I watched that clip too.. but I'm not so sure if that's the case here. The unknown here is demand could peak in summer time for North America with the draws that already happened in April, yet Oil prices continue to plummet. I think OPEC got no more control.

With Trump's anti-climatic policy, they're gonna go drill even more. Importing less, and with some exports.

Wow... my fav XLE now drops to $65. Haven't seen this price level since last Oct.

Huge divergence since last Oct even since Opec made the announcement about cuts.

It seems like the more OPEC talk now, the worse the Oil market becomes.

Yup, this last few days have been a real turnoff. Seems like ever since US found shale oil, prices have been tumbling rock hard. Surely, long term wise, don't think it will return up $60 and most likely stay here for a long while.

I do think oil may rebound in the short term but how it will go from here will be quite a mystery.

crude... been doing major WWW patterns.

just when u think it will fall further, here comes something.

i guess that those crude related persons and nations will use some news to defend their price sunce they camt do much to halt the slide. these crude people are getting more irrelevant. global economic landscape should change.

probability on another "major" war on terror has increased due to a wave of killings in paris and london in the last year.

if that happens, maybe not so much about oil but dow/s&p/nasdaq that's "due for a correction"?

Qatar supporting isis is nothing new.

Won't be surprise they will break OPEC agreement and pump as much oil as possible.

This post has been edited by icemanfx: Jun 5 2017, 04:00 PM

oil sinking....

Yesterday, after the EIA report, the selling was immediate.
Oil drops to 45.xx.

Oil in danger zone again (or opportunity) because of the range: 45.xx- 49.xx

So, playing a little here with a tight stop.

2450 coming。。。

Buy Buy Buy!!

What a run.. not sure why suddenly XLE spiked almost 3% but I'm out for the weekend!

correction on techs, bull on bank and oil....

This post has been edited by yok70: Jun 10 2017, 03:30 AM

You're right, Nasdaq getting killed... AAPL drop almost 5%.

50ma here.. time to pick your entry.

i will wait some more....greedy....

I think next week, ,we'll go back down a bit..

But, tonight, good enough.


Good pull back for AAPL! It's been a long time since I seen AAPL being munched away.

i ultimate target is 128....although might grab a little through the way....