Thank you for this useful post.
I will be filling up my gas tank today! But I expect some significant resistance at 102. Oil's gone from 92 to 101 in less than a month.
It looks like CL is forming a reversal and a new channel down. We have both lower lows and lower highs in place. Whether we actually close...
I hope no one minds if I ask for suggestions. My trading is centered around two facts: 1) Oil's daily price range is usually 1.00-1.40, and 2)...
Crude Oil is somewhat seasonal. Between Thanksgiving and Valentine's Day, you can expect that the Average Daily Range (during regular trading...
Oil was in Contango for four years before April 2013. No free lunches here, sorry. Check out...
November 27 was the day before Thanksgiving and an inventory day. Low volume plus a news event could cause an atypical opportunity. The trading...
A rarely discussed indicator is the parabolic stop in Reverse also known as the PSAR. this indicator will help you see how price in CL moves in...
The two big events that stand out in my mind are the weekly inventory reports, and the monthly unemployment report (usually the first Friday of...
Is the Nodoji inventory retrace rule in effect today?
Oil inventory fell 7 million barrels; market yawns. Maybe this is why? (Wall Street Journal Article from yesterday) NEW YORK--Oil futures...
EIA Oil Inventories due at 11 a.m. ET API on Tuesday showed a surprise rise in crude inventories of 500k barrels. I haven't been able to...
I think there are some really good suggestions here. I have been personally struggling with this very same issue. Here are my thoughts on the...
Last year CL had a quiet period from Thanksgiving until Valentine's Day (there were about 4 big days in that 10 week span. This year I am...
Oil down 1% since shortly after API release. 15 minutes to EIA inventory. WSJ reports an expected draw of 2.5 million barrels.
I have been thinking about the pipelines from Cushing, and the general assumption that oil supplies at Cushing will be drawn down. Putting aside...
API reported a 12 million barrel drawdown in oil supply. This must be some sort of holiday mistake....
When Crude Oil rips up like today, am I the only one thinking about filling up my gas tank on the way home?
Hard to reconcile the price action with that thesis. It looks like day traders went short and then covered, in my opinion. Equal pressure...
I actually think the two "edges" are much closer than you might realize. Let's take a hypothetical (which is probably not that hypothetical), and...
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