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Really tough to gage from this pps action but we'all see. Seems like a 14mbl draw should have had a more drastic effect.
I think people will rue the day that they bet against the house of Saud's self interests and desire towards self preservation. UWTI....Still up in the AM.....LOL
I respectfully disagree. Huge environmental activist activities almost completely shutting down Nigerias capacity to pump. Iran not even close to production capacity. Iraq is in the midst of actual "HOT" war. These numbers are all estimates, and are national secrets of pumping nations; (maybe not US), but cuts will come which will probably just end up being allowing of verication of actual pumping capacity which is a lot lower than 34mbl reported.
That's the self reported numbers. Iran and others are way over stating production numbers.
Maybe in time, I'm doing my homework.
I wish I had the skills to hedge like you Kam but in time that will come. This will be going higher. No doubt about it.
And I am really suspicious about this price action, it certainly doesn't look like the market is seeing this as a dooms day scenario. I would have expected a steeper decline from such a large draw. Watching and holding strong here.
$55 pbl coming especially if there is a precipitous drop in prices. Just watch for that whipsaw.
That ok no harm done just having some clarity. Let's see how this play out. First sign comes in approx 14 mins. Good luck to you too.
I called TMM prof because he has so many moves that it's like he's teaching class. I can guarantee you that he's positioned perfectly at this pps. I assure you that much of that you read on this forum is only smallest hint at what the moves that are available in UWTI. My very green position is proof of that from being very red before his help. But we've each got our own methods.
LOL LOL he who laughs last.....
Good morning UWTI bulls. Looks like more gifts coming our way.
Patience my good friend. Have patience.
Pizza time for me. Have a great weekend all. Nice work Kam.
UWTI. Nice move.
Way to go Prof. TMM
UWTI went from about $24.70's to $25.80's today. That's what I call amazing. Even someone with little experience like me could see the opportunities there. But the real show is about to begin. Please Enjoy.
Gifts my friend. As TMM would say... juicy gifts. Double whammy coming soon...
Thank you Kam, so much for those double digits rigs coming on line....one more gift today before we fly... would be so so sweet.
Got a feeling another similar gift coming today.
My best intra day play yet. You'd be proud TMM.now back in full understanding $25
Good morning TMM, Kam all UWTI bulls. I'm really going to enjoy pizza night tonight. The special slice will be getting extra anchovies on it.
Nice UWTI close
A nice 3% WTI pop would be amazing. Would bring UWTI near the $30 mark.
I agree. I'm watching it very closely.
Besides, USD has been going up the entire time with the increase in oil price. Let's see what 12:30 brings...
Nigerian rebels are blowing up pipelines all over that country daily, they don't need to agree to cuts because the capacity to pump at current levels is slowly disappearing. Iran is bearly able to stay up with all their old outdated equipment. It will take them years to get back to pre sanction levels. Saudi will cut no matter what because of Aramco's coming IPO oil will fly. Producers know this and is using dept to finance new rigs and new projects. That's all not happening because oil is going lower. Lastly....Russia is funding a lot of ambitious endeavors around the world on an extremely weak economy..... eargo...
Always appreciative of you input TMM. TY
Good morning TMM I've been watching WTI and UWTI since 4:30 am as I headed into work. Looking good so far.
Hahaha the professors are right as usual good day all.
Took some juicy $24.75's this morning hoping for a little better before the report.
Good morning UWTI bulls. I agree with EIA showing a draw today as well. I'm betting 1.5 my draw.
Looks like it's headed there
KAAPOW! Nice call TMM.
Looking like gifts to me. I think it's the affect of rising USD.
Thank you Kam. It nice to have your insight and TMM's targets. Should be a good week.
Loving the action gonna keep really good watch
How do you interpreted the data Kam, shorts wrapped up coverage? What's your thoughts Proffeser if you don't mind me asking?
GM all. Welcome to Monday funday.
Thank you TMM this was a great UWTI week