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.
I agree, although I had a sell order in for 13.50 and hit 14 but didn't fill!!! Oh well. Pre or morning action should be good.
Thanks Kam I see it now.
Is API reporting tonight 4:30 est?
Yes looking weak here. Prob drop UWT and bounce up DWT
I was just going to ask what you thought of that stragety. Should at least get a reactive spike from inventory numbers as usual.
I'm gonna look for an exit on my U before adding to D here
Yeah looking like $48 not gonna happen unless big report draws.
Good morning all. I hope everyone had a safe and fun fourth. Looks like oil getting pushed down today. Let's see if it rebounds, good luck and trade well my friends.
Nice play Kam. Have a great holiday my friend.
Good morning all, looks like oil breaking out nicely here. $46.50 already. Nice move from Friday. Should be a good week on the long side. Trade well my friends and have a great 4th.
This move up, then consolidation, then continuation seems textbook for bullish pattern. At least Ron the near term. Plus your read on sentiments and CoT plus other info. Really makes the picture clear. Have a great weekend.
Nice move up there but still choppy. Good for entry and exits for those of us who need it to move more slowly.
Yes glad I waited will prob add some DWT after 2:30 depending on what happens after 1:00 rig count.
I agree but upside seems limited. Will keep on watch.
Good morning all. Good luck tradin today. Let's see if we revisit the $43's or $45.50's today.
Hey Kam just leaving work. I heald my DWT position but missed my add at $45.40's area. I would have gotten nervous to hold through that price action before but I watched it all day and how heavy it got at the top. Thanks for the info it really helps I understanding how and why oil moves the way it does.in retrospect, I should have swong UWT overnight nad waited on my buy in of DWT but I'll get better over time. Still did well on the UWT scalp. Have a good night and I'll catch you tomorrow.
Also I'm starting to see a lot more of those types of articles about production being down and oil will move up.... seems very orchestrated.
Yes I think its failure to break back and stay over $45 means tomorrow could be a nice DWT day....
Guess I missed my add target. Let's see if $44.90's hold.
Watching to see If oil gets to $45.50's and hold. May add som DWT there.
Hahaha must be time to go long.
Good morning all, looks like oil is legging up a bit today. Let's see if it holds these levels. Trade well all.
Nice little move up there.
Will add then too.
Thanks Kam, just took my profits and will add to DawT here.
Oil looking heavy here, may just lock in profits and watch for add on DWT. Maybe at 2:30 NYMEX close is better time.
Looking to see if it breaks $45. Seems to be bull flagging on the 30min WTI. Let's see. Well I'm off to work. Have a great day all.
Yeas dipped all the way to $11.30 on UWT was a bit nervous but came back fast.
The cut losses fast is new. Always heald way too long. Thinking I may be doing that now. But will hold a while longer.
Yes had my price set to buy at 11.50 and it filled, I was going off of usual reaction. Was ready to cut losses if I had as wrong. Usually my style.
Will sell anything above $45 and add to DWT position but not too sure we get there so just letting it ride for now.
Scalping some UWT on that crazy dip will add to my DWT position later today.
Crazy whipping all over
Thanks for the articles Kam, always nice to get some perspective.
Good morning everyone, getting ready for the day. Here, late start for me this morning because of late night at work followed by 5am wake up by my 3yo. Anyway, good luck today all should see some nice action today.
Yep that's exactly what I mean, I used to have total confidence in articles like thoes but know better now. Trade well my friend. Catch you tomorrow.
Thank you.
Far she blows....
Yes exactly. Love how those article come out and prey on people who don't have a full understanding of the market. It's just so wrong. Not like Goldman won't make gobs of money no matter what oil does. Good trading all.