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The CL Crude-analysis Thread
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The CL Crude-analysis Thread

  #811 (permalink)
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Well, I suppose consensus before the morning report is that supplies have risen more. I'm really curious as to what will happen, seeing as we've been back up the last few days. Might hold off on trading oil tomorrow until the word comes down.

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  #812 (permalink)
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Quiet here today.
Anybody think they will push it to $50 today?

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  #813 (permalink)
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SMCJB View Post
Quiet here today.
Anybody think they will push it to $50 today?

Analysis paralysis, Read post#82. Posted 2 months ago. That's when cl said enough is enough. When a $50 down move suddenly stops you have to stop and take notice who's buying and why. Same thing in stocks when a stock sells off on good earnings it's telling you something whether you listen or not , your wallet will let you know

Putting in a bottoming range now 5100+ is the composite vpoc now the comfort zone


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Last edited by garyboy275; March 25th, 2015 at 02:38 PM.
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  #814 (permalink)
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From a fundamental standpoint, a weaker dollar, positive economic development in Germany and crisis in Yemen seem responsible for the push higher, not sure how high it will go but above 50 is possible.

I have noticed that when an asset has been trending for several months, like the strong dollar or the sliding crude prices. The market reacts aggressively towards events that could temporarily break the trend and maybe not fully account for events that would other wise continue the trend. The inflation figures didnít help the dollar much and the supply glut didnít cause a slide in crude. Or maybe its just me who needs to understand the fundamentals better

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SMCJB View Post
Quiet here today.
Anybody think they will push it to $50 today?

Yesterday and today CL was in a scalpa' paradise mode
Pace of Cush builds slowed last week. This is the reason for this spike (since Mon). Fundamentally no changes since last week for WTI. $50 possible, not sure about today though, we'll see tomorrow what happens next.

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SMCJB View Post
Quiet here today.
Anybody think they will push it to $50 today?

Globex could tag that naked weekly VWAP at 49.90 tonight. Probably more back filling in those air pockets after that.

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  #817 (permalink)
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The quick and the dirty

Mission accomplished so far. Might rotate down --continuation next target is 53.57 or fall back to 5100
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http://www.zerohedge.com/news/2015-03-25/another-middle-east-war-breaks-out-saudi-arabia-begins-bombing-yemen

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rmejia View Post
Tastytrade had an interesting video last friday about trading calendar spreads on oil futures:

Of course he bought K/N at -326 last Friday and it printed as high as -240 onite.
The Tasty Trade touch of Gold.

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SMCJB View Post
Of course he bought K/N at -326 last Friday and it printed as high as -240 onite.

So it traded as high as -240 overnight but then when the market sold of K/N sold off as well, eventually trading as low as -304.
Interestingly when the market rallied back, every spread on the board rallied except K/N which eventually settled down at -288.
K/M & M/N both settled DOWN 4c on the day. Every spread between N/Q and X7/Z7 settled UP between 4c and 9c.
n5/z7 settled +180 on the day!

SMCJB View Post
The Tasty Trade touch of Gold.

Well unless they sold in the middle of the night, touch of Gold became touch of Lead.

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