rosho01 

and here was me thinking he got banned for the above. Crikey. Sarcasm tags dont excuse such comments btw.

No one reported that, and I didn't see it. Why didn't you report it?

Sent from my phone

Big Mike 

No one reported that, and I didn't see it. Why didn't you report it? Sent from my phone

He was already banned when I read it (I do go back to read whole threads). I am ostracised from your thread for much much less, and my pm to you about antisocial/controversial (imo) behaviour before had zero impact (you did ban that member later fwiw).

rosho01 

He was already banned when I read it (I do go back to read whole threads). I am ostracised from your thread for much much less, and my pm to you about antisocial/controversial (imo) behaviour before had zero impact (you did ban that member later fwiw).

You are not on my ignore list. You are, however, getting off topic here.

Sent from my phone

Big Mike 

If you read his posts, you will see his last few were very rude and contained very rude language towards another member, ie "FUCK YOU". Mike

You seem to be selective with who you ban for "very rude language". I have seen similar post by josh and tigertrader and they simply received a warning and the post was deleted or edited out. I have also seen rude post by yourself as well...

IMO this forum continues to go down hill because of the way you selectively police it.

Big Mike 

You are, however, getting off topic here.

i responded to a very controversial (imo) post on this thread, which you questioned me on & i replied back to.....yet i am going off topic? ha+wow+ffs....you could not make this stuff up.

wirechild 

You seem to be selective with who you ban for "very rude language". I have seen similar post by josh and tigertrader and they simply received a warning and the post was deleted or edited out. I have also seen rude post by yourself as well... IMO this forum continues to go down hill because of the way you selectively police it.

I also don't like it when tiger is rude. But decisions are made based on the best interest of forum members, and aren't always fair or equal. Life is also not fair. If you cannot understand or appreciate that, or disagree with my decisions, you are welcome to leave.

Sent from my phone

Big Mike 

Life is also not fair. If you cannot understand or appreciate that, or disagree with my decisions, you are welcome to leave. Sent from my phone

I certainly can appreciate that. On my first day of microeconomics at UCD, the professor wrote LINF on the chalkboard. Does anyone know what this stands for? Life Is Not Fair. He thought it would be more important to teach us this concept first before introducing himself.

No more off topic posts in this thread. Further off topic posts will be deleted.


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jthom 

Possible scenarios here: Double bottom at 49.50 - 49.40 to play off - Would go long with strong conviction Retracement Higher from 49.76 to 50.40 - 50.60 area - Would be looking for shorts here. Break through 49.50 to the downside - Would short with little conviction (higher risk - would use smaller stop) - Would target 49 to 48.70 - 80 area or maybe hold longer for complete breakdown.

Thanks John for the thoughts...

With price retesting lows below 50.00, it seems to me that the bias is down...currently as the monday Asian session has seen lows of 49.30, I would put resistance at the 49.80 to 50.00 level and if price was to reject this level on a rally there maybe be an opportunity to short...I can see you are thinking that there may be a double bottom forming off the 49.40...generally I expect double bottoms to form at the low...which in this case would be the 49.80 level...I think such double bottoms are more reliable than those forming mid range...

So a double bottom of 49.80 would be an alert to a possible long and then if price was to break through a previous lower high it would start to provide some confirmation for me...

Bloomberg: Hedge Funds Are Losing Faith in Oil Rally While Inventory Swells

(Bloomberg) -- Hedge funds cut bets on rising oil prices at the fastest pace since December 2012 as U.S. inventories expanded to the highest in more than three decades.

Speculators pared their net-long position in West Texas Intermediate crude by 19 percent in the week ended March 3, U.S. Commodity Futures Trading Commission data show. Short wagers increased to a record for a second week.

Hedge Funds Are Losing Faith in Oil Rally While*Inventory Swells - Bloomberg Business