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The question is does it go under $51 to retest the days lows before it bounces?
QUE DA DUMP!!!
That could be true for sure. Or just fattening up the pig for slaughter the past few days? Time for sure will tell. I was expecting more upside from reports.. oh well oil will do it’s thing.
Hmmm not so sure, I think it’s looking like it wants to move down more. Just watching here. Would love it to test $52 again
Not only Day trades but mostly daytrades in the mornings, catch the momo or if a direction presents itself and shows a highly likely direction, I’ll hold it for longer term. All depends on the R/R. An overnight of D position would have been beautiful but I was expecting more upside before that drop. Hope that helps.
Big dump. Now let’s get some more of that whip action.
Huge drop coming in let see what report says.
Another large draw reported by API Hmmm...
API
Crude -7.13mm (-3.2mm exp) - bigget draw in 2 months
Cushing -151k - first draw in 2 months
Gasoline +1.951mm (+1.05mm exp)
Distillates +1.644mm - biggest in 3 months
After last week's 100% wrong API data (API crude build, gas draw; DOE crude draw, gas build), who knows what will happen.
From Serohedge website.
Yes great day.
Learning bit by bit here
Thanks Kam.
Hey Kam does does WTI roll over today?
So true BOS. As they say... “history may not repeat but it oft times runes.”
Black candle day on oil and ETF I’m thinking a huge dump may being teed up. But with all this manipulation, some upside is possible. Just my opinion. Trade well. BOS.
Good morning all watching oil try to hold over that $52 Mark. Popping up a bit here. Trade it well my friends.
Was a great day today. Hope everyone has a nice weekend. Ready for more oil moves next week. Be safe my friends.
I’m sure you’re grabbing all those sweet moves today Trade it like you do Kam.
Just watching today. At work early so no chance to play. But seeing the pattern clearly.
Totally agree. Took some nice gains playing both directions but not as much as I could have because I’m at work.. still good with my wins today.
QUE DA DUMP!
Good morning Gents. Look like oil taking an early leg down. Under $50.5 here. D product paying nicely. Good luck and trade well.
API
Crude +3.1mm (-2.4mm exp)
Cushing +1.216mm - 8th weekly build in a row
Gasoline -1.575mm (+200k exp)
Distillates +2.029mm - biggest in 5 months
Hahahaha “Oaah Aachieee”!!
Good morning all. Looks like oil trying to move back up here. Wonder if it gets to $51.50 before the dump? Trade well.
Yes I think the big drop may be closer than we think.
Yes I think it looks topped out today at $51 holding for report tomorrow to buy in again.
Seems like SA said they will cut their output by 7% next month. May see some upside today.
Good morning ladies and gents. Watching oil here trying to take a small leg up but still not able to test the $50 mark. Good luck to all here. Have a great day.
Looks like the call for stall out today was right on. Let see if tomorrow and Wednesday’s reports do anything to move it back to above $50s level. Have a great day everyone. I have another early day tomorrow so will be watching from 5am.
Good morning everyone. Watching oil try to decide where to go from here. Do we bounce or do we break under $49’s and start the party??
Yes, slow is ok with me, d product paying nicely. About to close out a 7k week and call it. Then head to work. Not big gains for some but great for me. Plus my consistency is improving a lot. Thanks everyone here for you input and help. Be safe and have a great weekend.
Nice call on the reversal yesterday Kam let’s see if oil want under $49 today. Trade well all, and..... QUE DA DUMP!
agreed in for another ... QUE DA DUMP!!!
Good morning all, lets see what we get today. Watching oil fail that bounce attempt this morning. Good luck today all. Oil been good to bulls and bears. Trade well and be safe.
Next level $49.25 area? Then big drop to $47's area? Let see it.
Nic play G, hope to see some bigger drops before the turn. Have a great day all.
Yes looking seeeet!!!D product rocking.
Now let's Que that DUMP! Good luck all.
So right Kam here we go.
Big spike there will it hold?