scary... there are more and more reports on an imminent correction!

but for tonight, dow futures +2x.

wti at 41, looks like wanting to go back <40.



u gotta go short!
http://www.bloomberg.com/news/articles/201...-to-go-but-down


This post has been edited by AVFAN: Aug 1 2016, 08:22 PM

40.20 dangerzone... here.

Lucky on Friday, all positions cleared with options expiration.
Now, will try to catch another opportunity. No bounce in sight yet.

Tipping my toes here at 65.50 for XLE.

going for 40, i say.

dwti is 123!

Just 20c more.. will it breach it? Gotta to watch and see what happens.
I'm hoping for a quick bounce back up after teasing by bears.

should be after 1am.

i will sell dwti before that, wait for it to bounce.

then, it should slide again.

bear, bear, man...

Growing Oil Glut Shows Investors There’s Nowhere to Go But Down
http://www.bloomberg.com/news/articles/201...-to-go-but-down

39.50 next stop...

i think no so fast.

hanged man also need to breathe a bit la!

5c... to trap door being opened.

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?

40 touched.

will it bounce now?!

Opps.... trap door open.

Just saw a quick dip to 39.88..

Come 'mon bears.. cover cover cover.

40 is a strong support level.

i'm going uwti, tiny bet.

Come bulls... hold this line... 40.

if you look at daily chart, the up hill and down hill is actually quite symmetric, not as "straight line down" as we "feel" it has been.

Yes.. it always zigzag but it has been trending lower highs since the peak on June 8th.

I can see there is a dip to that valley on April 17th (39.51) but let see if this can act as next price support if
$40 cannot hold by closing.

Crude price is pretty fast moving.. it just a couple of days. It can move 10% or more if volatile enough.

Darn DWTI... what a rocket ship.

the 1am bulls arrived... but found themselves surrounded by bears.

if it can't get to 40.20, the next wave of bulls at 2.15am may do the job.

i can't see it going past 4.20 at closing.

This post has been edited by AVFAN: Aug 2 2016, 01:10 AM

yep, that's the anchor right there.

no rebound.

not looking good.

got out, time for bed...