Holy COW! 10:30 USD Crude Oil Inventories +6.634M 1.850M . Surplus 6.6 million , OUCHHHHHHHHHHHHHHHHHHHH

Don't get me all hot and heavy lol. $USO April 29th $10 puts baby. Green right now with a lot of room to run. $USO gap fill to 9.53 in the trading days/early next week.

I think we see one little fart up to 41.96 crude then its a bloodbath.

I'm with ya. I loaded the 4/29 $10 Puts yesterday afternoon at .22

Moments of through. I noticed two 100k buy blocks of DWTI go through late in the day and large selling in USO and SDRL. we shall see what happens.

I moved the money to USO $10 Puts , April 29th. Took a hit. But loaded 6,848 puts @ $0.22. Ill make back all and then some.

ROFL, we are not seeing $60 before summer even starts. April has a long way to go.

I'm not worried about it. i'll get out green, just a matter of how much. Fires, rumors, and pipeline shutdowns can only prop it up so long. $36-$42 will be the new playground it looks like now.

Yep they are still big and large.All good, i dont margin.

Correct- a - mundo. Shit happens all the time. $36 candle is full blown naked and we need to re-test that level if $36 is going to be the new low. We "W" on the double bottom in the $26's, now we are going to "M". Either way i think $34-$35 holds and it's the floor going into the summer.

It bet it will be a positive API and IEA, it's already priced into the market, therefore we go down. USD dollar bouncing off BB too. Watch.

-7.49% will become green tomorrow. So it's irrelevant.

It's going to go down. Why the hell would I buy calls, to throw my money way. Real smart. Bear news starting, party time ;)

https://finance.yahoo.com/news/band-plays-global-oil-glut-130103301.html

All kidding aside, Everything will be fine and i'll make a shit ton when this turns back the other way. ;P

IF I sell. But that's an amateur move. DWTI is going to fill all those gaps to mid $35 crude, then we can break $42 on way back up. $163 DWTI is the first stop. Mark it.

Time for some RED today :)

Agreed, USD is going to bounce to help the cause. Back to $36 by next week or lower. Looking at $DWTI back up over 190 to fill gaps. Chart still in tact. DWTI was 194 when WTI was 35.25. So as soon as we back fill that $36 naked, that's easy 180s and im out.

Yea, no sweat. Here is the gameplan. There will be ups and downs but we need to retest that 34.80's level in order to break 42. I think $34.xx's hold.

$DWTI starting it's move to $163, ALL ABOARDDD

$39.55-$39.99 close imo.

Get ready for the dump lol.

Nope. DWTI is going to $163 first stop. Then $187. Gaps Fill and we need to reconfirm $35 WTI floor.

While it lasted lol. drop coming.

My prediction: $163 by Friday, $187 by following Friday.

Jealous. We have to massive gaps to fill on $DWTI. $163 is the first gap. Second gap is $187. we also have a naked candle at 193. So pick your cash out positions boys. We about to make some $$.

Added 400 DWTI at $131. 1900 @ 134.40. I agree with you for once lol.

Added 400 DWTI at 131. lowered my avg on 1900sh to 134.40.

200/day ma at 41.36 it will shut that down right away.

The candles always cover on short term basis. We will see 1 more trip down then we bust through the 200 day ma on crude for good. 41.02 is uncovered , tops we hit 41.42. Both on the 1hr charts. I just relooked , scratch that 40.88. 41.02 could reverse if not 41.42. Depending on how thing go tonight we could do a quick retrace to 38.15 this week then cover the higher candle at a later time. 34.88 never fully covered so that's a key area I'll be watching I'm coming weeks.

40.88 then down to $35. Has to cover gaps.

We cover the $36 handle on crude we are looking at $180 dwti .

Just bought 1500 at 135.15 avg. Looking for quick gap fill to 160 ;)

Crude to $46 in next weeks ahead ,wweeeeeeeeeeee

Wait until market opens, you should be able to get 2.87's or 2.86's no prob. it will close the gap before moving higher. I have an order for more at 2.85 for 25,000, it may not hit but i'm already loaded anyway.

With oil breaking out, we could see $46 crude in next few weeks.

WEEEEEEEEEEEEEEEEE! I have to celebrate with you guys since the $SDRL board is dead. lol.

It was screaming buy yesterday. I loaded 75,000 shares at 2.75. Oil is up 4% right now , SDRL is going to SCREAM higher.

Loaded the boat at $2.75. It's about to get hot in here. ;)

Sold my DWTI, quick 5k at 165.25, my stop loss hit. This is a real move guys. we are going higherrrrrrrrrr. loaded up on SDRL at 2.75

Too early, wait for Mid 35 on crude

I don't disagree , tomorrow will be down too. I'll be exiting dwti around 185 near 35.70 crude. Then hopping back long on SDLP

Watch for bounce on bottom of descending wedge $35.60ish covers the 15 min candles, if not we could see $35.04ish. If it breaks below, we in trouble.