Or.. you guys can join me playing XLE (non-leverage).

If want to leverage, perhaps try ERX/ERY or Options play (for XLE). It isn't quite correlated to Crude but more towards Energy services sector.
Sometimes good, sometimes bad. Good is very crude is down, it is still up because it follows general market.
When it is bad, crude flies up. it stays still or move up little only. Very seldom (but happens at times), crude up - general
market falls, XLE falls as well. But, it's very liquid (large volume with huge participants).

The other one is XOP (non-leverage), or GUSH/DRIP (for leverage). Dunno about its volume.

I think one of the primary complain (perhaps got a pending case with SEC) with both UWTI/DWTI is they have huge tracking errors and result in significant decay over time regardless of up market. Because it attempt to track crude and when it rolls forward, it will make a loss.
Perhaps, the only way to win for both of these leverage is keep shorting both of them.

This post has been edited by danmooncake: Nov 18 2016, 12:30 AM

The Dollar is very strong..already broke above 100 par value among the basket of other currencies.

1USD = 5 Ringgit coming??

Wow.. market is breaking out, oil rallies, even casinos/gaming rallying.

Just close eye and BUY BUY BUY.

Crazy... $48 already. Way ahead of the meeting on what they may or may not do.
Just to ride on a bit further and see what happens.

Nothing to buy or sell this week..

I'm off to celebrate American style Thanks Giving with family.
Will be back next week.

Difficult to gauge which side OPEC will go from here.. I'll wait and jump in later.

So far, highest price for crude this year is $52..I think the shale drillers will be delighted if it can stay above $50 long enough
for some of the idle ones to creep back in.

With the big rail projects in China and Trump's hope on infrastructure building, more money will be spent, and more oil demand
will likely come next year.

I think even if OPEC won't come to agreement cut production or they simply "maintain" what they have and not overproduce,
prices could rise by itself due to demand.

WTI Crude still hanging around 45.xx. It will be interesting to see if it wants to see $40 or $50 next.
Get some cash ready...

Wow.. big hurrah 20% for UWTI. Perhaps the last one before it gets delisted in 1 week time.

The agreement so far isn't quite shock and awe but more of what they've talked about last time.
Can Oil break above $50 from here?

But, it isn't a big deal. More or less what they said last time. Is this enough to reduce the over supply?
Probably so to help the market re-balance itself but I don't think it will cause price to surge back to old highs like 80s or 90s.

Not sure how they will enforce this because we know some OPEC members will cheat by
over produce and a lot of US shale eager to jump back in once it has reach 55-60 level.

Let see if it can break the last new high $52.. and stay above there.
If so, there will be new trading range.

Maybe we will be looking at $50-55. or the new $50-$60 handle on the bigger range.

The "promise" to cut isn't quite at much at all. It will only start later but
let see how many OPEC members will curi curi over produce now and result in even more glut short term.

I just noticed despite all the powerful crude rally, UWTI still hasn't got back to the old highs in June when WTI crude was at $52. Same like in October.

The decay in this thing is killing it.

This post has been edited by danmooncake: Dec 2 2016, 12:32 AM

But, our govt and PM trust the arabs... even got donation.
Pun intended..

This post has been edited by danmooncake: Dec 2 2016, 12:35 AM

Oil backing down from $51!

Come 'mon bears.. where are you?


Hopefully, he's right:
https://finance.yahoo.com/news/opec-countri...-183557513.html

This post has been edited by danmooncake: Dec 2 2016, 07:48 AM

I think it will take more real demands to push up to $60 but I won't be surprise
if bulls able to make it cross over $52 the next 30 days to touch $55 (first level). It is pretty close to $52 now anyway.

The inventory building up could dampen the move but those hedge funds also got big money to throw at this,
and just sell crude at future higher price (by renting more oil tankers now).

Finally, we got some bears for Oil tonight. But, wish for more so that we can see sub $50 again so that I can reload.

The rally for XLE being so strong last week and I've jumped off the train too early.
Missed about 4 points off.

Seeing price squeeze formation.. higher low. Lower high.

The question is will it break up or down?

XLE damn bullish.. even when Oil price drop 2%, it still shows almost 1% gain for oil/energy stocks.

I hope it won't be long now. More OPEC members will lie thru their teeth and keep over producing,
we'll see big bears coming.

This post has been edited by danmooncake: Dec 8 2016, 10:54 AM

Yup.. your eyes are not deceiving you. I missed that 4 points run after jumping out at 72.
Damn bullish despite oil pulling back. Oil services sector and Oil price diverging. I think the Oil companies are
being bought up because of the ETF indexing, not necessarily because fundamentally they're good bargain now.
They're expensive now in terms of PE and fwd PE. IMO, they are trading as if Oil has recovered back above $70.

Not much volume yet.. but over longer term, both will decay if like other 3x products.

Best way to short both of them if they let you.

Oh darn.. $52.50 ceiling busted. Going to $60 next. Let's BUY BUY BUY!