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What's next for Crude Oil?


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What's next for Crude Oil?

  #1 (permalink)
 
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 Big Mike 
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$60 or $100?

(Today's price = $80).

Vote on the home page, discuss here.

Mike

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  #3 (permalink)
 
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 Vikings1 
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My best is $ 74.95 first and then we'll see what happens. If it breaks that $ 60 might be on the plate.

Weekly shows a break through, reset and go from the 200 EMA, that is not a bullish sign either...







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  #4 (permalink)
 
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I pulled this cumulative Volume off the gom data sharing thread.
Continually building short interest even thru recent highs over 100.
I did this on a whim, haven't checked the COT for any insight/confirmation.

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 peterg 
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Spec's seemed to have tossed some longs but still holding on to some & Comm's net short 200k, with a level three bottom coming up around 80-78 the spec's will wash out on a dip below .
Have to see this weeks COT and see how data it pairs with Cumulative delta real time.

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Be interesting to see if Cl can diverge from ES with the election up coming: cheap oil....high stocks & .....
no jobs

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  #7 (permalink)
 
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 GaryD 
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If the poll reaches enough answers, bet the opposite direction. If you are right, at least it will be quick.

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  #8 (permalink)
 greenr 
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GaryD View Post
If the poll reaches enough answers, bet the opposite direction. If you are right, at least it will be quick.

Funny i been watching this poll, out of interest

When we were hitting the lows with a potential waterfall down, the majority were voting $60

Now we have seen some buy pressure come in $100 seems to be leading the Poll


Will be interesting if we see the lows of the range tested, bet the $60 comes back into the picture again. This is like a mini market


lets bet the opposite direction @GaryD

Or use the poll as a lagging indicator HA

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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 patbateman 
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Iran is complaining about sub $100 crude, and called for an emergency meeting.

Not that they know anything about trading though...

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-Yoda
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  #10 (permalink)
 
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 Big Mike 
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Poll closed, results:



Mike

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Last Updated on October 6, 2012


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