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Ouch this chart looks sick lets see if Goldman Sachs gets hit right where it counts.
Hold short next sector?
Last time I looked gas was going down lol
Cow flatulance determining beef prices.
Chinese head fake oops cue the dump
That is always the question but the real question is for how long? For now the longs are a getting the yips and that usually means my short game is looking good into spring.
GWPH investors will be hurt the most im afraid. We dont need that Canadian weed crossing international lines. Just a hunch.
The Sec has moved on from lowly weed stocks the justice department has taken over a losing battle. Sec is done here so I say buy buy buy.
Almost there lol crazy no sanctions on Iran and we have a winner.
Thats what I was looking at. For what its worth the weekly DWT chart never had 3 solid down weeks without some sort of short term reversal the following week. Hate holding this but I like the odds. Little more pain than im accustomed to. Need some help good rig counts and maybe a red day in the general markets think this was getting some blind energy sector buying as well. Will see.
Below 61.10 would be ideal lol followed by some increase in rig count numbers. They always ignore those huge gasoline builds... more coming next week IMO.. Crude Builds will be revised down.
If it breaks hard through 59 your on it IMO. Nice gap to be filled on the 5 day DWT chart at 13.80 ish. I need a little more like 14.50 here to complete this trade...hope your right last time the cot longs were this heavy oil retraced 20% are they wrong again?
Yes indeed traders are short need these hedge fund longs to find a reason to unwind. Swimming in gasoline. Should be some more huge builds in gasoline coming. Will sell and day trade a portion of my position if it breaks out higher chart looks toppy.. 5k here no pain no gain ouch lol.
Very nice call there pleebs you called it right. Was a little early to the dump still think its gonna roll over holding on the short side if all stays fairly quiet in the middle east profit taking eod Friday may continue. Brent should slide a couple dollars bbl. at least IMO on supply side news and the return of capacity ramping back up in Libya.
Still have the Venezuelan problem and weak dollar as a threat to the short side. Good news on either of those issues would be double down short all things being equal. Great year for UCO Bulls !! Congrats and Happy New Year.
North sea Brent pipeline fully operational Ineo says...
IDK thinking lower first.. im in the d right now maybe too soon but oil still overbought after that flag pole run. Some supply coming back from Libya soon and the Brent issues should also be resolved next week or so. That said Im thinking Brent will put some downward pressure on WTI in the short term as the spread between Brent and WTI tightens again will see dollar pretty weak is a concern short side. Green is my favorite color indeed protecting capital as always so important especially in the oil patch probably some bigger macro and geo political risks coming in 18 could be quite volatile this year which will make trading oil much more fun (for me anyway) always ready to jump ship im using tighter stops on the short side as we most likely will test some lower support levels when normal volume returns. All JMO GL
They are flat because they are hoping oil will go higher wouldn't trust that report anymore I called that last year the rig count didn't phase the markets then. Was a non qualifier. Things are changing way too much oil and gasoline floating around we will slip back into cotango IMHO.
Hey buy them both all in when it comes
2.75 buy the bounce no fundamentals here lol GLTU.
Longs always unwind much more slowly just need one more surge higher but ready to launch here.
50/50 it touches 2700 first not always right but never wrong. Im over at Uvx it will perform better than this if you are right.
Rig count is rigged we are swimming in oil just a matter of time. High quality oil is at a premium for a reason . Jet fuel new chemical derivatives coming from platinum long platinum. You heard it here first. Good Luck boys. Traditional distillates are done. LMS
Happy Holidays oil has peaked can't hide from artificially propped up prices much longer. LMS. We saw the big push higher at the end of the year which was necessary from last year when oil was cracking 27$ a barrel. Tighter range coming this year in oil trading this year IMHO. Algorithms should take hold as they have in every other market. Markets are changing stay posted. Play the range into early 18. LMS Always protecting capital GLTA.
Don't short it with a hedge just means you have no confidence in your trade. If it goes against you dump it. This looks like its going to be a good short maxing out the pump now. That is If you wanna pay the juice. Looks like the 4$ range real soon. Was a good one.
A little history may be some downward pressure Saudis taxing soda pop lol. Happy holidays.
https://www.google.com/amp/s
Here is a solid tip. No one wants to buy Aramco. Funny how that goes.
For Old investors anyway. JMO
Warren want's to buy Apple that's what he does. He buys dying brands at the top. LMS. Usually doesn't end well.
]Buying an IPHONE ten. That's a winner. Then an integrated fitbit apple watch with Pandora and a new Apple car so I can get my pizza delivered with drones from Amazon then I'm gonna research the best travel deals that have been personally selected for me via alexa. Good luck. AAPL target 26$ a share.
Right? Yea.
Looks like Wall Street is looking down a rabbit hole. If you get it. LMS
Run Time here IMO. They have no skin in the game. Watch this go.
Looking for a dead cat bounce? Actually more like a kitten. Think so. Will see. If my short term view is correct (Again). Curtains for awhile. Big short cover after hrs. or prolly a hedge. Slightly bullish developing but rate hikes and a very toppy equity market could derail oil in the short term that's like 2 days. LOL. Seen this chart before. Check your Macros.
Looking real toppy see you on the other side. LMS
Does anyone find anything fishy about 2 major WTI? Brent pipelines having slow leaks within 2 weeks? Very interesting. HMMMMM. Sounds like an infrastructure problem or what can I get a bid LOL. Story of the day. Happy Holidays.
HMMMMMM refer to below. Cracked pipe lol merry Christmas,
Nice article Mono rising tide lifts all boats just getting started on Iota Mega readership at the Motley fool.
WTI Crude Oil COT Futures Large Trader Positions
WTI Crude Oil Non-Commercial Speculator Positions:
Large energy speculators slightly added to their net positions in the Crude Oil WTI Futures markets to a new record high this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 611,128 contracts in the data reported through Tuesday December 5th. This was a weekly advance of 1,295 contracts from the previous week which had a total of 609,833 net contracts.
The speculative net position is above the +600,000 contract level for a second week after surpassing that level for the first time last week. The speculator bets have now risen for seven out of the last eight weeks.
WTI Crude Oil Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -623,260 contracts on the week. This was a weekly decline of -1,464 contracts from the total net of -621,796 contracts reported the previous week.
WTI Crude Oil COT Futures Large Trader Vs USO
USO (NYSE:USO):
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the USO Crude Oil ETF, which tracks the price of WTI crude oil, closed at approximately $11.54 which was a decrease of $-0.04 from the previous close of $11.58, according to unofficial market data.
Looking good here today insane volume.
Pretty basic trading platform I transferred bitcoin in and it took about 6 hrs. to clear probably because everyone's aunt and uncle and the crypto cat is overloading the block chain. Please use that link if you sign up you can refer people as well and get a small commission. GL
BINANCE LINK> https://www.binance.com/?ref=11813377
Screenshot of trading platform.
https://investorshub.advfn.com/uimage/uploads/2017/12/6/zxrgxBinance.JPG