ES Journal - 2019/2020

Latest EIA report (today). http://ir.eia.gov/wpsr/overview.pdf Note that the implied SPR level is 635 million BBLS. I understand the capacity to be around 750 million BBLS.

 

Yes. Not quite clear at the moment. If lower - I'm not looking for a strong leg down today.

My best bet for now is that the LOD is in and that we'll trade up towards 2810-20 by the Close.

 

Looks weak on 2 mins chart. More like HOD may be in.

 

Looks may deceive.

 

this ain't as much fun as yesterday for me

 

Lots of drama right now at the 15.00 level.
Reports of more production cut-backs could spark this market. However, the CME now showing options prices with negative strike prices is not a good sign.

 

Thats because today a total grind so far . I've been taking 3-5 pts on shorts a few times on 5 es .No chance to scale so i have to take bigger size up front . Grind days much tougher

 

Maybe just sit on hands until they get out of this tight range from open.

Action was in Globex

 

I've been long and short, and i'm red!
Luckily yesterday was very very green, so i'm not gonna lose sleep yet

 

Chop zone here. Still heavily long biased, but anything can happen.

Getting buy signals here...