--- Day end Summary for: Wednesday, October 12, 2011 (This is a paper account started with $20,000 on Monday Sep 26, 2011 I follow the margin rules for IB.I try to post my trades in advance when possible and with graphs. I am not reading the thread so if you wish to contact me please do so by PM.) CL 11-11 Sell 1 85.71 10/12/2011 10:41:19 AM CL 11-11 Buy 1 85.46 10/12/2011 10:59:57 AM CL 11-11 Buy 1 85.30 10/12/2011 11:11:41 AM CL 11-11 Sell 1 85.66 10/12/2011 11:27:32 AM CL 11-11 Sell 1 85.24 10/12/2011 2:48:20 PM CL 11-11 Buy 1 85.11 10/12/2011 2:57:06 PM Sld 1 at 85.71 @ 10:41 Bot 1 at 85.46 @ 10:59 = +0.25 * 1000 = +$250 Bot 1 at 85.46 @ 10:59 Sld 1 at 85.66 @ 11:27 = +0.20 * 1000 = +$200 Sld 1 at 85.24 @ 14:48 Bot 1 at 85.11 @ 14:55 = +0.13 * 1000 = +$130 +$250 +$200+$130=+$580 Opening Cash Balance today $22,660 Change in Cash = +$580 Closing Cash Balance $23,240 Holding at the close 2 short contracts: Sold 1 at 80.76 @ 11:40 Thursday, October 06 Sold 1 at 82.00 @ 12:53 Thursday, October 06 average cost= 81.38 Closing Price = 85.00 Open Equity = -3.62 * 2,000 -$7,240 Closing Cash Balance $23,240 Net Equity $16,000
EIA says world 2011 oil use seen up 1.5% http://www.marketwatch.com/story/eia-says-world-2011-oil-use-seen-up-15-2011-10-12 -- Half of Libya pre-war output seen back by end 2012 -- Inventory cover in major industrialized nations to decline -- <b>China accounts for 40% of global demand rise in 2012 </b> NEW YORK -- The pace of world oil demand growth in 2011 has been revised down slightly, while total oil supply will be higher, "resulting in some easing of market tightness," a U.S. government forecast said Wednesday. The Energy Information Administration said that with demand from developing countries outpacing increases in production from outside of the Organization of Petroleum Exporting Countries, the global market will be more reliant on OPEC output and draw downs from inventories to meet its needs. <b>World oil demand </b> - this year will rise by 1.5% to 88.4 million barrels a day, the EIA projected, - followed by a 1.6% rise to 89.84 million barrels a day in 2012. <b>Global oil supply</B> is expected to rise 1% this year, to 87.84 million barrels a day, and gain a further 1.8% in 2012, to 89.41 million barrels a day. <b>Demand from China, </b> the second-biggest oil consumer after the U.S., is expected - to average 9.8 million barrels a day in 2011, a rise of 7.5% from 2010. Last month, - the EIA projected a 9% rise to 10 million barrels a day from a slightly lower baseline for China's 2010 demand. - In 2012, China's demand is expected to hit 10.45 million barrels a day, up 5.8%, and accounting for 40% of the rise in global oil demand.
Thursday, October 13, 2011 7:16:22 AM Plan for today: Roll-over 1 contract from Nov to Dec after Jobless & Inter Trade at 7:30, so around 7:45. S2=83.27 (82.64?) On a bounce sell 1 Dec. During RTH roll-over second Nov at a low if there looks to be a bounce coming. If not, wait till Friday.