oil.. choppy days ahead.

oil seems directionless, low volatility.

so is the broader market.

no mood to do anything but sleep early.

dow still 18.1xK, wti 50 or so.

flat, flat, flat..for last 3 months.

opec, fed, earnings can't seem to be big shakers and movers.



maybe all waiting for POTUS elections Nov 8....?

new fbi clinton emails probe.

opec meeting getting nowhere.

double whammy... let's see if dow will lose 200 pts...?

This post has been edited by AVFAN: Oct 29 2016, 02:13 AM

no, the coast is clear, green again!

the week ahead...

... opec nothing much, no commitment, just talk, we meet again, etc...
... clinton emails fbi probe
... fed meeting nov 2
... potus elections nov 8

i hope it not be flat-flat again but some thrills!

what cut?!

thought i read all they said after the meeting was, "it was a good meeting".

wti looks like going for 46.

opec can't seem to talk it up anymore...

hope u got at good price.

i took some uwti too.

possible some rebound tonight:
http://www.cnbc.com/2016/10/31/oil-prices-...s-strategy.html

opec's "talk it up" may still work a bit...

market looks like wanna puke.

and wti now looks like wanna go to 45...

eia data will be.... better or worse?!


this morning, many comments saying same thing... opec talk-talk kings-no action, oil be <40, stocks will fall big time, trump may win, etc.

some stocks and etf's have been falling for weeks.

with the volatility now, there is a great sense of fear for sure.

we'll just have to see what we will see.

last week, api said buildup, eia reported draw.

these are in opposites more often that not.

but really, with opec record pump, incr in us rig count, it is hard to imagine draws from now on.

draws can only mean us oil imports reduced, maybe some exports even.

but that does not help the total global supply/prices.

wti <46.

dow will go <18k tonight.

time to buy-buy-buy or what?!!

a bit of both.

actually less oil... moving towards biotech xbi and healthcare xlv as they have been beaten down like hell.



u wanna go dwti tonight?

fomc/yellen later...

did u ask/email/message tda, what did they say?

not surprised with such a record jump.

been showing draw after draw which is suspicious.

maybe somebody broke the calculator a couple of times, reported wrong, rectifying mistake now.

This post has been edited by AVFAN: Nov 2 2016, 11:09 PM

it's looking pretty grim for oil, again.

come think of it....

it was around 45 in late sep.

opec's "big talk" sent it up to 52.

now, it's back to 45.

and nothing has changed really - same demand, same/higher output.

no fires, no riots, no sabotage, no bombs.

only TALK!

and that was enough to do a 45-52-45 roller coaster in 5 weeks.

explanation:
http://www.cnbc.com/2016/11/02/why-crude-o...eep-rising.html

will probably swell further.

offset by weak usd due to no rate hike, yet.

likely some major moves after dec 14 fomc meeting.

market is very nervous...

goog has been down, appl now down.

biotech, healthcare down.

oil is down further.

only banks are up.

are we going to see some "crash" before potus finale?

clinton win is scaring sectors like biotech, pharma, healthcare.

trump win is scaring everything!

and oil declines further.

surprising no opec fella starts talking at such a critical time!

it's all so nervous...

but after potus elections, maybe we'll see a 5% up or down.

rough and tough...

what do u do NOW?!

ah... some opec man said saudi said something behind closed doors:

"The Saudis have threatened to raise their production to 11 million barrels per day and even 12 million bpd, bringing oil prices down, and to withdraw from the meeting," one OPEC source who attended the meeting told Reuters.