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As a wise man says, cue the drop.!!
I agree the slow move at $44-$44.20's area is pretty telling. Plus volume upward isn't consistent.
Thanks Kam, just watching here.
Good morning everyone. Looks like oil trying to take a bit of a leg up here. Let's see what today brings. Good luck to all.
Always my friend. I'm only able to operate it in a limited way, but I'm practicing. You are the Mario Andretti my friends. Drive on. I like that $41.5 price target. BTW.
Yes sir thank for the lone of your time machine Kam.
Just added 1/4 additional vinous DWT position. Good luck to you too Kam. Hope it plays out exactly as you plan tomorrow.
Thanks hoping for oil to revisit and reject that$43.50's area for some bonus DWT today.
I think it's prob a goo time to renter DWT just watching for now may just wait the day out
Looking for that break below $42.50 her soon and retest of recent lows.
Good morning all. New week her, lefts see what we get from oil this week. Good trading
I feel the same Kam, but I agree, I also think the bounce will be a nice one when it comes. Hoping to be ready to capture both sides. You enjoy the weekend as well. Catch you next week.
Looks like NYMEXwant to close it b low $43
Nice to see you doing your magic Kam. I'm on the road to NW PA today with the family. I have a sell order in and price target just missed on this morning drop. Oh well I'm still confident in lower. Maybe I'll just need to borrow that time machine of yours some day.
Haha, let it be so Kam!!
Ok thank you. Just trying to get myself up to speed with the language of trading. Doing a lot of reading about TA and options trading. Baby steps first. Then paper trades on TOS.
Good morning all. Looking forward to a great day. Good luck all trade well.
Hey Kam, when you say black candle is that the same as red? I'm guessing so as you conclude your statement with "good chance of lower..." just curious. Looking for some good moves on DWT tomorrow, not sure about holding over the weekend yet.
Thank you for your insight and clarification Kam. You've been really helpful. In fact all the input from experience traders here has been a great asset to my development. I'm verygreatful for it.
I agree Kam DWT paying nicely
And there's that dip let see how it likes 42's?
Nice play Kam, I'm gonna hold onto these into tomorrow. Good luck today I'm sure you'll be taking full advantage of the action. I'm ready to head off to work now. I'll be checking in as the day progresses. And good luck to bulls and bears, looks like oil takes care of both sides very nicely.
Rebought all my DWT on that spike.
Think I'll start adding DWT here for overnight swing. Looks heavy at 43.30's area
Yes, looks like I'll be rebuying my DWT position today lower. Let's see if it double tops at $43 today for strong confirmation.
Good morning all. Hope everyone had a great day yesterday. Looks like oil trying to bounce a bit here, let's see how it's treated by $43 if it gets there. Good luck and trade well.
Took profits on my DWT earlier. Looking to see if I worth swinging UWT overnight but not looking so good. I'll just wait to reentry DWT maybe in pre or after hours. Just watching for now.
I agree Kam, I'm still considering taking profits in DWT here soon. But prob will go higher than my PT
Yes just saw it Kam holy moley!!! There you go, you said don't drop unless it runs to $42's hahaha nice call I think oil heard ya! I'm still gonna let it ride.
Hahaha nice, ok Kam let it be so!!!! Heading off to work now. Have a great day.
Wondering if we see it go under$43 today? Well holding this for next few days.
Yikes!!!! DWT buy looking really good now. Not sad I missed the 3buy in either.
Seem to have dropped a bit too quickly. Will wait to add more if we hit 44.50's area.
Same as last week, but not doing much here. Just added 2nd buy on DWT
Holding all my DWT from yesterday. Will add more after report. Not holding any UWT yet. Eyes wide here. Same to you Kam.
I'm not too sure about that, seems like lower is where oil wants to go. Bad report will give it a catalys for even lower. Down side is still favored for now IMO, but we shall see what it does.
Good morning all. Yes I saw that BOS, interesting that it never broke below $43 we'll see how it plays out the next few hours. I'm ready to flip my position or add to it if necessary. Good luck today and trade well.
Thanks for all the info Kam. I'm in for some DWT overnight. Will take profits if it pops before EIA and deffinitely watching for the turn around. I'll be watching early in pre market. Have a great night. And good luck tomorrow.
Yes it was worth the wait I'll take some DWT here. Thanks again Kam. Helps to hear it for someone with more experience. Seems like indicision often leads to more downside here lately. And fundies are favoring downwards a lot more than up.
That explains the indecision. Thank you. GuTA