it will rebound at the slightest news of... fire, hurricanes, heavy snow...

and strikes, opec speak, non-opec speak, bombs...

u name it, anything will do.


i been selling dwti 107, 108, 109, 110...

now, wait and see when and how the oil bulls will come back.

Got fake out when I saw XLE popping. It better not drop below 66.50 by Friday.
Otherwise, I get to own it.

hmm...looks hard to hold 42....

in the absence more negative news, can hold.

but if iea says "more time needed to rebalance" or "oil traders now holding even more crude in tankers" or "russia incr output"... that will be really bad.

The floor looks very weak here....about to collapse.

This post has been edited by danmooncake: Jul 28 2016, 01:21 AM

ya... still looking for a hold after >2.5% loss.

41.80 seems getting some support.

i expect it to return close to 42 by 2.30am.

tmrw, another story...

DWTI looks like it is about to complete its saucer shape formation here.



This post has been edited by danmooncake: Jul 28 2016, 01:27 AM

the daily chart of wti is an inverted saucer!


i was just checking...

june 8... wti about 52, dwti 66.
july 27... wti 42, dwti 110.

change for wti about 20%.
change for dwti about 60%.
so, 3x leverage is correct.

maybe this will halt wti slide?

BREAKING: Fed leaves rates unchanged in July meeting

I hope so... understandably crude is going lower because of supply concerns but
it should not be a straight line down.

Need a little push back up first.. before the next round.

We're now in 40.xx to 45.xx range play.

If bearish sentiments continue tomorrow, I hope worst case is 40.50 support level but
need to get back above 42.50 by Friday closing.

failed to hold 42.
tomorrow looking to test 40?....

crude + gasoline stocks incr...

in the absence of major dev, some chartists now quoting 40.36 next stop.

but after 5 straight days of heavy losses, good chance a mild recovery first.



also interesting to note last year jun-aug was very dramatic for wti.

history repeating itself! seasonal?

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.

the fall's been drastic, scary even.

asian traders pushed it back up to 42.10 today but european traders now pounding it back to 41.80.

and their past behavior says they will flee just before 9.30pm.

so, maybe 41.50-41.60 at opening later.

if it breaks that, i think it will go 40.xx by tmrw.



question... tonight... to uwti or dwti?

I prefer the U. 41+ is considered 'cheap'. Hope there is a gap down n the shorters get out after the open

U is easy!

big problem with WWWW.

now steady... 41.90.

fighting 42 continues....

not looking good.

think it will slide to 41.5x later.

Hold and defend that $41.50 line boys... hold it!!

wti is weak, weaker than i thought.

can't even hold for 24 hrs!

tmrw, if rig count incr, worse.

lucky i did not sell all my dwti.