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USA Stock Discussion v8, Brexit: What happens now?
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mikehwy
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Jul 25 2016, 09:42 PM
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QUOTE(AVFAN @ Jul 25 2016, 09:30 PM) no fires, no strikes, no opec talk, no production cuts. not even slightest positive news. excess gasoline, excess diesel. not only crude but refined products too are in a glut. the bulls are getting off. long positions reducing by the day. Tempted to sell but scared to get caught in the 43-45 range movement.
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mikehwy
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Jul 28 2016, 02:23 PM
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crude has been defending 43 last 3 days, now its 42. looking back, it shd goes up tp 43+ anytime, unless, unless there are 'bad' news to further push it downwards.
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mikehwy
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Jul 28 2016, 05:46 PM
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I prefer the U. 41+ is considered 'cheap'. Hope there is a gap down n the shorters get out after the open
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mikehwy
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Jul 29 2016, 01:21 PM
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QUOTE(AVFAN @ Jul 29 2016, 02:34 AM) time's up. last minute, a sign it will rebound soon. tmrw, maybe go uwti.  Crude dipping towards 41...or even much lower? We wait n see before the opening bell...shd it dips perhaps i can expect cheaper local petrol price?
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mikehwy
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Aug 2 2016, 12:27 AM
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Crude has been defending 43, then 42, then 41. Its defending 41 now...wonder what would be the next? Up like last time, or slide again towards reality?
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mikehwy
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Aug 2 2016, 11:34 PM
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its 11.32pm local time. crude <40 !!!
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mikehwy
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Aug 2 2016, 11:35 PM
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latest....11,35pm. crude tanking !!!!
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mikehwy
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Aug 3 2016, 01:04 PM
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QUOTE(AVFAN @ Aug 3 2016, 09:57 AM) all eyes on eia data tonight at 10.30pm. Oil Rebounds After API Data Shows 1.3M Barrel Crude DrawI think i m wrong...these crude data seems to support the price 'on purpose' ??
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mikehwy
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Aug 3 2016, 02:23 PM
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QUOTE(AVFAN @ Aug 3 2016, 01:42 PM) u mean api often bs to make traders push up the price?  haha, yes....some people out there need to manipulate/maintain the price with news here and there..... i was seeing conflicting news and crude stockpile data...?
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mikehwy
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Aug 4 2016, 12:47 PM
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QUOTE(danmooncake @ Aug 4 2016, 05:24 AM) You know, that latest inventory report makes no sense. The financial writers were just making up stories of strange behavior of oil prices (plunges, then rally) and try to link it to the opposite direction of what is supposedly still a very bearish news for oil. But, I think it is good for us who are more technical analysts/readers than fundamentalists. It's basically oversold condition at the lower side of the range already. Must bounce back to 40-41, and hopefully it can continue to claw itself back to 44-45, we will play bear again.  +1. Me too was confused/cheated by their stories n arguements. Crude pile rising n yet many stories about re balancing by gas!!! Ya. I guess its oversold and 41 and 42.....anytime?
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mikehwy
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Aug 4 2016, 10:36 PM
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i think 40 shd be a strong support, judging by yday's reversal. somehow, crude will go back >40. i dont know why but it seems that way.
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mikehwy
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Aug 5 2016, 01:51 AM
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omg, its 42! what a miracle to observe!!!
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mikehwy
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Aug 5 2016, 09:10 PM
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No wonder dows future hitting 3 digit rise!!!
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mikehwy
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Aug 5 2016, 10:21 PM
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QUOTE(AVFAN @ Aug 5 2016, 09:39 PM) think can go dwti... wti should return t0 40.50.  Opos....was tempted to long with uwti to align with the dows....??
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mikehwy
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Aug 12 2016, 02:07 AM
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its back to 'normal'! crude rising from 41+ and hitting 44 soon....then 44+ before diving to 41? also, XLE is back to 68+. Things are normal now . lol
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mikehwy
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Aug 12 2016, 09:05 PM
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i am wondering this sudden rise in crude price is real ?
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mikehwy
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Aug 15 2016, 08:13 PM
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Crude seems to b on the high side. If gap up then can consider to sell abit?
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mikehwy
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Aug 19 2016, 12:51 PM
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Crude is hitting 50 anytime. It looks real this time as any decline is well supported. To me, its still puzzling. Me ready to give a good short soon. Crude cant keep on moving up this way...unless the arabs r pushing it !!!
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mikehwy
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Aug 19 2016, 01:45 PM
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QUOTE(AVFAN @ Aug 19 2016, 01:29 PM) seems hedge funds are pushing it. from the patterns of the last few days and now, it looks like it will attempt to cross 50 tonight. rig count data at 1am. will be fun tonight. I will stay up to see if the uptrend sustains. Good opportunity to make few usd by shorting !!!
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mikehwy
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Aug 31 2016, 08:16 PM
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As Dan just said, fed continue to avoid clear statement abt THE hike. If i were to ignore them, can bet uwti!!! Hope there is further gap down at open!!!
This post has been edited by mikehwy: Aug 31 2016, 08:16 PM
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