see what the london traders are doing?

afternoon, push-push wti all the way to close to 40.

9pm, all chicken, dump back to 39.60 or -1%.

this happens almost everyday.

like no confidence, so afraid... get out before closing and us side opens.

on the other hand, us side usually push it up before closing.

singapore traders are better behaved, low volatility, usually.

Awesome, this created a nice rebound for XLE regardless of crude price here.
Very nice rebound from yesterday close. Gonna add more... 

1 eia report send the bears short covering, enough to take it out of bear territory.

rebounded 5.5% in 2 sessions, quite remarkable.

we'll see what happens from this point.

tmrw will be decisive.

No wonder dows future hitting 3 digit rise!!!

BREAKING: US oil rig count up by 7 to 381 for 6th straight weekly increase: Baker Hughes
but nothing happens.

There you go... mere words of "production cut", bam..
Oil rallies like mad. 

Yet again.. the mere chatter of "may discuss" - we're seeing the reversal here. 
Eventho we know they may not actually do anything but heck.. it's a just psych effect.

Also, it was dangerous to short at this level (on the low side between 40-45 short term range).
If it gets to 44.xx by end of tomorrow, it will be safer to sell/short there.

Anyway, the danger is over for me.. 

i am wondering this sudden rise in crude price is real ?