dow's gone up 7 sessions in a row.

beware profit taking...

ya, vix is low too....

NFLX got a -13% haircut after hours. Opportunity for bounce play tonight...

the api/eia game starts again tonight/tmrw.

as an appetizer, 2 "conflicting" estimates in the last 12 hours:


Further weighing on supply, U.S. commercial crude oil inventories likely fell by 2.2 million barrels from 521.8 million barrels in the week ended July 15, a preliminary Reuters poll of analysts showed on Monday.

....

Market intelligence firm Genscape reported that the Cushing, Oklahoma delivery hub for U.S. crude futures saw a supply build of 26,460 barrels in the week to July 15, traders who saw the data said.

this is scary...


i feel relieved to be with goog: +8% in 1 month.

Nice indeed. GOOG.

I think AAPL also did quite good this month from the lows. It was such a lagger the previous month.

few minutes to opening.

oil bulls looking for a reason and found one today!

A protest over wages that shut the eastern Libyan oil terminal of Hariga forced the operator of the Sarir field to suspend production of 100,000 barrels per day.


but really, we'll have to see how api/eia plays out.

profound numbers may seal the direction for the next few weeks.

45.50, see if it could keep this. Once broken, 44.70->43.45....

This post has been edited by yok70: Jul 19 2016, 09:52 PM

i'm counting on 41.xx.

that i like more.

i am hoping to trade all the way to 41.

just sold dwti at 87.

now waiting to buy back at <86.

but can only do with low cost brokerage...

ya....good luck man!

Tonight..the price range is getting smaller and smaller. All being squeezed.

preparing to change direction?

the battle of 45 continues!

again, we watch after 1am.

fireworks guaranteed.

broader market also taking a pause...

i still think....bulls r everywhere, crude might just pip past the 46?

ya, local stocks also very bullish recently, as well as hk/china stocks....why? the expectation comes from the hope of further stimulation in all over the world?

This post has been edited by yok70: Jul 19 2016, 11:18 PM

I think crude may already roll over to Aug for the front month trading.
Yahoo still thinks the spot price is 44.xx ?? Not sure if this is right.

aug 44.98, sep 45.77.

yahoo is....

http://www.investing.com/commodities/crude-oil
it's sep contract...