You can get access to API's report if you want to subscribe. As you can see from the snap shot of pricing on their subscription form it's pretty steep for non-members. The cheap alternative is for key info is from the web. API estimated a 1.5 million bbl build in crude; their actual was 6.4 million bbls. I guess if you're in the oil biz you always want to understate stock builds and over state product draws EIA stocks look like this: http://www.marketwatch.com/story/api-shows-higher-than-expected-rise-in-oil-supply-2010-10-26
I'm not gonna look this gift horse in the mouth plus I feel overexposed on the short side so I'll cover 1 at .325. Plus it my avg feel and look better. Is it stupid to take such a quick profit if I was originally willing to let this thing run above 83?
wake up people you're missing all the fun!! Cover 1 @ 81.70 leaving 1 on the table looking for 81.05.
Yes very accurate, but the plan may have not been well thought out because it wasn't taking other positions into consideration. I often find myself being confused because what I try to discuss on here strictly revolves around the movement of oil where as my main edge is money management and hedging. Therefore trades I make might not reflect my absolute view as to what oil is doing but rather simply an adjustment of risk exposure. However that sounds like a cop out on my part because the a plan should take all things into consideration to begin with. Maybe I need to start a thread titled hedge fund wanna be, risk and portfolio management for futures investors. God this is better than talking to a therapist!!
Good morning all! System trade long at 81.60, stop just under 81, no target yet, although about a dollar+ will work...
Really bitchy action so far. Anyone seeing anything? New home sales in 20 minutes, then inventories at 16:30 EST
.60 makes sense to me its kinda at the bottom of that think value area. I'm placing a stop at 82.10 which will probably be taken out on the bs swings from the meaningless report. TP still at 81.05.