Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hahaha yeah, I figured as much. What a shame.
It is so strange to see that 8 of 10 articles I've read since I've started trading oil ETF/ETN are so bearish and more recently they are coming out a lot more frequently. Even as the price of oil has risen from $43'ish to now $54ish in less than 2 months. Am I missing something? These people are all claiming to be experts. I just don't get how they can continue to write theses things. Can someone please enlighten me....
Same here been loaded since last week.
Yes would be interesting to see if EIA is opposite on crude numbers like last week
Yes API today schedule is here. http://www.api.org/products-and-services/statistics/api-weekly-statistical-bulletin. And EIA here. http://www.eia.gov/
Good morning Gents, seems like we're in for a nice day today.
Missed most of the excitement today because I was driving the family back from Boston. Still holding on to all UCO from last week. Looking really nice today.
Yes I see that, looks sooo nice. Merry Christmas Kam an all oil bulls.
That was a nice little pop there.
Same to you, you're welcome.
SLO-mo holiday market may give good buying opportunities. UWT seems to be the only new 3x but low volume still. Good luck with your trades.
Sold most of my UCO calls today. Waiting for a dip to load more UCO. Ready for a nice oil fueled New Year.
Good morning Gents. Hope everyone has a safe and happy holiday. Les see what oil does today.
Same here, holding my pre report UCO and added some OTM calls after, will hold those for a bit
Watching for a reversal here into the close.
I bought some UCO pre report and now some calls let see how it plays out.
Great call Kam.
I agree, if the draw is confirmed we'll see $55-$56 area quickly.
Yes I read that this morning. Looks like it's being held down before EIA report.
Good morning Gents. EIA numbers will be very interesting today. Have a great day.
Looks like 4.68mbb draw. Anyone else have numbers?
I agree, do you have numbers yet Kam?
As long as it's a winner my friend, or at least not a looser, then it's all good
Agreed, let see if tomorrow we get some good action.
I think we have this all day until API/EIA numbers.
You took the words right out of my mouth Kam.
I think we get a spike tomorrow after EIA numbers. I think the $56.50 in play then.
Good morning Gents, looks like it's shaping up to be a good day for oil.
Looks like contract roll over to $53 now. Let's see if that makes it run.
Yes that would be where I start to get out. I think we see a nice draw on inventories this week. $53+_$55 is my aim.
It almost seems deliberate the way it's moving. Hahah just saying.
Yes it sure was. Would be nice to see it fall back a bit.
Do you think this whipping around is because of the dollar today?
My thoughts exactly, I guess the word isn't out that ihub is back up.
What a day.. hope everyone is doing well here.
Good morning Gents. Hope this week is a great one for all.
Thanks for your thoughts Kam, I was thinking the same. $55 by Wednesday and have my setup for that. I just need to workout a plan in case of a profit taking run down. I was actually thingking we'd see closer to $55 on Friday with shorts covering but I guess the dollar headwind was too strong to go up further. Thanks again.
What's your take on next week's move Kam?