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Not to mention the huge nakie from 44 - 44.50.
Gaps and naked candles galore left to fill. Plus EIA rarely matches API.
46 has pretty much been covered. I'm thinking 45.
No idea why the sell-off. I would be surprised if the Fed raised rates. It sure would tank the markets.
"$15 before $8" post a chart that supports that.
I'm quing off the oil related stocks which are leading it down. None of them, including UWTI have hit the downside targets yet. Naked candle and a gap are drawing lower. That's my take on it. I could be wrong. No lifeguard on duty.
I'm thinking close to 40. Could be wrong. No lifeguard on duty.
Maybe but IMO, it's gonna see 8 first.
The gap @8 here is calling. Might = 150 there.
Put their stamp on it or...get stomped on?
Nothing to gauge it by. Nothing to the left!
Good luck with your trading.
They all get retraced (covered) at some point. Very rare that they don't.
The only naked one is the one on the right. All on the left have been covered. There are others that haven't been covered at a lower price.
Not prior, after. Go look through any chart. You won't find candles that long unretraced. Very rare that they don't. It's a magnet just like a gap.
You should be in the green now. Wish I had the balls to hit it this morning but nuthin' to the left to gauge it by.
I'm holding DWTI. UWTI could see 8.
DJ U.S. Oil-Rig Count Falls 10 to 652 in Previous Week - Baker Hughes
Ah, I thought you were talking about UWTI.
The TA would be the same as the commodity.
The push down that is. Drilling stocks diving.
It's not an opinion. DWTI HAS to track oil. It's rising as oil is falling. That's how it works. UWTI and DWTI do not move on shorting or volume. They move when oil moves.
The manipulation would have to be in the price of oil, not DWTI.
New all-time low!
Good get. I took a swing at it yesterday @2.69. It went nowhere.
Oil pares gains...
Oil prices pared some of their gains on Thursday after the U.S. Energy Information Administration reported (http://ir.eia.gov/wpsr/wpsrsummary.pdf) an increase of 2.6 million barrels in crude supplies for the week ended Sept. 4. Analysts polled by Platts forecast a crude-stock climb of 300,000 barrels, while the American Petroleum Institute Wednesday said supplies gained by 2.1 million barrels. Gasoline supplies rose 400,000 barrels while distillate stockpiles climbed by 1 million barrels last week, according to the EIA. October crude was at $44.93 a barrel, up 77 cents, or 1.7%, on the New York Mercantile Exchange. Prices traded at $45.24 before the report. -Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires (END) Dow Jones Newswires 09-10-15 1105ET Copyright (c) 2015 Dow Jones & Company, Inc. Story ID: 20150910MW000253 Keywords: None Symbols: None
Let's get 8 bucks out of the way. I'll be very happy.
EIA lowered the forecast. That's why it's dumping right now. My DWTI looking good.
2-2:30 is typically smack down time but we'll see.
There's a gap calling @.80. DWTI might not be a bad idea right here. No lifeguard on duty.
Dipping into the buy zone and THE MARKET IS CLOSED! Shit.
It's simple. Just don't hold it overnight on the 9th.
Careful. 2-2:30 is a favorite time for the boyz to stomp on Oil.
If it didn't break out on the rig count, I don't know what it would break out on.
The market is less than thrilled.
typically there's a sell-off upon announcement. There should be only a sell-off here if Oil sells off.
This stuff is getting wild. I think be prepared for anything to happen.