Ekon Kid, Did you send me the 30 ticks Salmon and later on when we got down to my target @ 91.04 another 40 ticks Tuna? To try to take my lunch was expensive if you did not get out from the long position. (I hope you did )
Quite a break. They must have talked to Clarence Beeks ahead of time to find out about the supply data. Just a joke. I know this is Egypt driven. 7:14 PST Now the pullback ahead of the report.
First and second trade are a miss-click (was clicking in the window to the right, but hit sell, then bracketed with a 1-tick target and stop and... both orders got hit! so i was left with a short position that I closed manually). Third trade was a late short entry and 5??? tick slippage on the way out (maybe a connection problem). Four and five are a exhaustion counter-trend trade. When I saw it was finding support on the previous HOD, locked-in 10 ticks --> 8 after some slippage. Then lost the connection, I think we're going down ¿? Would have shorted again, but with this shaky internet connection I'm going to sit on my hands till after inventories. Which, of course means .78 is the HOY Down $183.20 so far. If I see more trades I'll take them. If not now, when? (Still will try to post in real or near-real time, please bear with my ping)
I myself subscribe to Billy Ray Valentine's service. He's working with Louis Winthorpe III aka Louie.
Sorry you're having so many internet issues P. Life on the road. I've had my own problems along those lines lately, which I've mentioned. Makes it hard to trade, especially something like CL which moves so fast. Hope you do get something good going.
Hey, you guys know any good resources/sites where people do fundamental analysis of the crude market? It would be interesting to see fundy rationale for longs/shorts. I'm would assume they would have the same general long term outlook, but short term geopolitical risk would make me think there would be interesting divergences between WTI, brent, and OPEC basket/Arab light. There is also the suez blend and Belayim blend both out of Egypt. I don't know anything about these blends, as I believe the are relatively small and only have a spot market as far as I know, but I would imagine there is probably a divergence between the WTI contract we trade and the Oman Blend futures over at the Dubai Mercantile Exchange right now... If anyone has a feed for DME, would be great to see a spread chart of the two contracts... Any thoughts/resources?