Grinding
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Agreed. But wouldn't be surprised to see below 52.00 now. Bulls tried to make a statement and couldn't. There's no steam left today, maybe not even enough to hold the current ground.
Then again... Robot's trying to maintain 2.15 as well. But seems like a trap by them. I got out with profit from my 2.11's at 2.25 yesterday and 2.17 today. No regrets.
One more thing ( long post I know) 50 MA on the 3 minute been being good support, but that's quickly approaching MA 100, and should fall apart.
I can see another possible bounce off 52.00, trend line is there, not to mention.. it's 52.00....
Granted, there's a positive trend on the daily. But there's not much of a buffer.
I'm out. I'll return lower or at a break of 2.31
If this move doesn't break 2.20(52.50) im out
@ 4:30E
Same bat time, same bat place. :P
We've tested it 3 times already. and each time brought us back down. Bears real strong at 52.50 (2.20) This last 3 minute candle has a huge shadow at 52.50. Showing that demand dropped dramatically there. Robots doing what they do best.
52.50 test again. Cant test too many times or WTI will get the smack down. Need a statement move. Now or never.
IF we can't break 2.20 that's bad
we need to break pre market high
Need 52.00 to break and hold for any sort of strength. Need to make a statement early or this is down all day.
July 4th weekend in this weeks reports. Last weeks reports ended July 3rd. I'm hoping I don't get stopped out before the reports.
I'll manually stop out if 51.50 WTI doesn't hold when it gets tested.
Robots hopping on UWTI right at open
Or covering the gap down before further dropping... I'll be stop lossing my other half on this. I don't see a gusher. But for the sake of not stop lossing out, I hope so.
I sold half at 2.25 but held half over night. was looking dark, but now not bad anymore. This doesn't look sustainable but I hope.
Praying for Tuesday magic. Gambling an over-nighter here.
One of the three trend lines on the 3 minute that i've been watching is getting bounced off of.
Why average down DWTI in the 80s and 90s is my point? Why weren't you averaging down in the 50s? Just because no capital back then kind of thing?
I don't understand why you're adding DWTI now to average down instead of in the 50's? Just adding every pay check?
Very much so. Been holding uwti down for too long now. I want 53.00 wti to hold right now first.
Lets break 2.25
Well 2.15 broke pretty nicely there... lets hold... lets break 2.20...
Lets hope it works out! Since oil is clearly neglecting history!
I normally don't buy amateur hour, but I grabbed 2.11's
I'm gonna try the buy Monday philosophy again here this week I'm thinking.
Looking like a cup and handle on the 30. Odd.
UWTI already on 40 % september contracts
http://www.velocitysharesetns.com/uwti
Exactly this. They make risk free money. Good for them.
PTC will probably bounce here. No funds.
VXX 20.50
I grabbed 1.69's yesterday as well. Robot's holding 1.70 even after bringing this far down.
You can read the prospectus for more information http://app.velocitysharesetns.com/files/prospectus/PRICING_SUPPLEMENT_No__VLS_ETN-3_A22_long_form.PDF
Or read here for a better understanding. http://www.etf.com/etf-education-center/21014-what-is-the-creationredemption-mechanism.html
I'm wanting this to dip lower too.
Basically. Bookmark this page if you want to view all fed releases.
http://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
I guess the EIA report didn't include the 4th of July weekend.
I may be the only one who was assuming it was, but it didn't. Maybe next weeks will be better since it has the whole weekend, instead of just Friday.
"Summary of Weekly Petroleum Data for the Week Ending July 3, 2015"
That's the dream. Still waiting. I'll buy your shares when you cover sub 2.00 :P
You've done more help than me here haha. And no I won't get a room lol.