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Hello my friend. Nice to see you. Hope all is well.
I’m guessing we see $60 tomorrow and into close of the year on Friday. Then let’s see how oil plays into 18’. Trade well and stay green all.
Happy Holidays to all seen and unseen. May you close ‘17 on an up step and begin ‘18 on an elevator. Trade well and best of luck in the new year.
Merry Christmas Wrinkles and all on here.
Thank you My friend. Holding jan calls heavy in these names. AAPL, WMT UNH amd FDX. If markets holds should be a great day. I see AAPL hitting that $190-$195 area before EOY for new ATH. And UNH setup to make big moves when it’s ready. FDX will have a monster day today and WMT wants over $100 maybe $103-$15 im thinking. Just my opinion. Have a grea day and trade well all.
If I may Add, FDX big day tomorrow, NUE( Nucor steel) looking to make a move soon. WMT $100 on the horizon and UNH ( united health) looking to move up soon after consolidation here. AAPL wants $190-$195 before year end in my opinion. Let see how SPY behaves tomorrow. I think COMP, S&P and DOW have a nice up day tomorrow, futures looking pretty good right now. All the best, trade well. Good night.
The American Petroleum Institute reportedly shows a draw of 5.22M barrels of crude oil for the week ending Dec. 15, vs. last week's draw of 7.38M barrels.
• Gasoline reportedly shows a build of 2M barrels and distillates show a draw of 2.85M barrels.
• Nymex February crude recently traded at $57.49/bbl, little changed from today's settlement price of $57.46/bbl.
Here you go friend.
Hey LMS o think we see some nice downside now. Not sure about a pump first but would love to see it so we can get a high probability trade on the move down.
Happy thanksgiving to all, bulls bears. No matter. We trade again next week. Enjoy your families and be safe.
Hmmm inventories increased...? Did I read that correctly. 1.9 mm bpd?
Let see what we get today. Trade well all.
Such a difference from API..
No we see what EIA says.
Thank you same to you. Trade it well my friend.
Also very nice to see people on here.
My position in D looking really good tonight. I’m holding at least until
pre markets but may buy back at the pre report pop. It may not come though.
I see that $54 handle showed up tonight after report. I’m thinking we see it again tomorrow if not lower.
LMS I’ve used suretrader before but I wouldn’t recommend them. Commissions are high, lots of system crashes, I really didn’t have a good experience with them. I like TD and Scottrade especially since I’m not bound by PDT rules anymore. Plus I like the he TOS platform for charting. TD and Scottrade have merged so will be one by EOY. Anyway hope that helps. Also I’ve been able to get 3.95/ trade per equity ETF ETN’s so not a bad deal. Options still a bit more costly but not horrible.
I’m thinking $54 handle very possible this week. Will start today.
I think that’s the key. Brent is causing US exports to go up.
Neither did Iran earthquake. Will be interested to see the effects of the reports this week. Should be fun.
I like your thinking LMS. I have no position yet but am inline with that play. Trade well my friend.
Former MU guy to AMD’s board...INTC/AMD joint project....AMD graphics guy to INTC..... next move....AMD finally breaks out over $15......
Yes I think it’ll come today.
I agree this EIA will be meaningful. If US oilers agree w SA plans and continue to ease production then it’ll ramp up nicely. If not..... DA DUMP!!
Hello my friends. Tomorrow will be a very interesting day for sure. I will be all eyes on this.
Good call I think same.
Looks like we’re at an inflection point in oil. Will we see $60 or $50 first?? Watching rig count for a clue. Trade well all.
I and D neck and neck. Which way will oil move???im thinking Que da dump!!
I’m thinking the same. Waiting for the report to make my play. Good luck and trade well all.
I think Rig count will have a big effect on it today.
Nice move up there now let’s see how I holds.
Good morning Gents. I think we will see a direction today after the report. Trade well all.
Interesting will probably go up if this holds tomorrow.
WTI advanced to the highest level since April today amid OPEC considering an extension of output caps, and extended gains after API data despite a surprise build in crude. RBOB gained on a much bigger than expected gasoline draw (-5.7mm vs +1.7mm exp).
API
Crude +519k (-3mm exp)
Cushing -55k
Gasoline -5.753mm (+1.7mm exp)
Distillates -4.949mm
Last week's DOE data confirmed the trend of gasoline builds and crude draws, but if API is correct that normalization trend just ended...
I think some long side bias is in the cards. SA talking about cutting production this month. Could see some push up in the short term.
Good morning all. Let hope we get that break. Havnt made a trade since Friday. But I’m willing to wait for a nice set up. Good luck to all. And trade well.
Good morning all. Looks like the oil game’s afoot again. Let’s see that big dump to $51’s QUE DA DUMP!!
For sure my friend. Next week is going to be epic.
Will be interesting to see what happens here at 2:30